Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1falsefalse2022-10-12trueNo description of principal activityfalse 14414138 2022-10-11 14414138 2022-10-12 2023-10-31 14414138 2021-11-01 2022-10-11 14414138 2023-10-31 14414138 c:Director1 2022-10-12 2023-10-31 14414138 d:CurrentFinancialInstruments 2023-10-31 14414138 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 14414138 d:ShareCapital 2023-10-31 14414138 d:RetainedEarningsAccumulatedLosses 2023-10-31 14414138 c:OrdinaryShareClass1 2022-10-12 2023-10-31 14414138 c:OrdinaryShareClass1 2023-10-31 14414138 c:FRS102 2022-10-12 2023-10-31 14414138 c:AuditExempt-NoAccountantsReport 2022-10-12 2023-10-31 14414138 c:FullAccounts 2022-10-12 2023-10-31 14414138 c:PrivateLimitedCompanyLtd 2022-10-12 2023-10-31 14414138 e:PoundSterling 2022-10-12 2023-10-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14414138









SWP SPV2 LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 OCTOBER 2023

 
SWP SPV2 LIMITED
REGISTERED NUMBER: 14414138

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
Note
£

  

Current assets
  

Stocks
 4 
221,700

Debtors: amounts falling due within one year
 5 
21,250

  
242,950

Creditors: amounts falling due within one year
 6 
(244,149)

Net current (liabilities)/assets
  
 
 
(1,199)

Total assets less current liabilities
  
(1,199)

  

Net (liabilities)/assets
  
(1,199)


Capital and reserves
  

Called up share capital 
 7 
1

Profit and loss account
  
(1,200)

  
(1,199)


Page 1

 
SWP SPV2 LIMITED
REGISTERED NUMBER: 14414138
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 October 2024.




Frazer Roberts
Director

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
SWP SPV2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

1.


General information

SWP SPV2 Limited is a private company limited by shares and incorporated in England and Wales (registered number 14414138). The registered office address  is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
The company was incorporated on 12th October 2022.
The financial statements are presented in Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. Given that the company is in a net deficit position the directors have obtained assurances from its immediate and ultimate parent company to continue to provide adequate funds to meet its obligations, and not to demand repayment of any funds to them, until the company is in a financial position to do so.
As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
SWP SPV2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

3.


Employees

The average monthly number of employees, including directors, during the period was 1.


4.


Stocks

2023
£

Property stock
221,700

221,700



5.


Debtors

2023
£


Other debtors
21,250

21,250



6.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
83,172

Amounts owed to group undertakings
159,777

Accruals and deferred income
1,200

244,149



7.


Share capital

2023
£
Allotted, called up and fully paid


1 Ordinary share of £1.00
1


The company issued 1 Ordinary share of £1.00 at incorporation.

 
Page 4