S G W Research Limited - Accounts to registrar (filleted) - small 17.3

S G W Research Limited - Accounts to registrar (filleted) - small 17.3

SGW RESEARCH LIMITED - Company Information

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REGISTERED NUMBER: 04481655 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2017

for

S G W Research Limited
S G W Research Limited (Registered number: 04481655)

Contents of the Financial Statements
for the Year Ended 31 March 2017










Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


S G W Research Limited

Company Information
for the Year Ended 31 March 2017







DIRECTORS: Mrs S Gordon - Wild
J H Wild





SECRETARY: J H Wild





REGISTERED OFFICE: Oake House
Silver Street
West Buckland
Wellington
Somerset
TA21 9LR





REGISTERED NUMBER: 04481655 (England and Wales)





ACCOUNTANTS: Evolution ABS Limited
Chartered Certified Accountants
Oake House
Silver Street
West Buckland
Wellington
Somerset
TA21 9LR
Page 1
Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
S G W Research Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a
Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the
Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of S G W Research Limited for the year ended 31 March 2017 which comprise the Income
Statement, Balance Sheet and the related notes from the company's accounting records and from information and
explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of S G W Research Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of S G W Research Limited and state those matters that we have agreed to state to the Board of Directors of S G W Research Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that S G W Research Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of S G W Research Limited. You consider that S G W Research Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of S G W Research Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Evolution ABS Limited
Chartered Certified Accountants
Oake House
Silver Street
West Buckland
Wellington
Somerset
TA21 9LR


7 December 2017

This page does not form part of the statutory financial statements

Page 2
S G W Research Limited (Registered number: 04481655)

Balance Sheet
31 March 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 305 26
Investments 4 4,093,870 4,011,000
4,094,175 4,011,026

CURRENT ASSETS
Debtors 5 18,333 16,574
Investments 6 9,999 10,000
Cash at bank 36,907 134,532
65,239 161,106
CREDITORS
Amounts falling due within one year 7 37,697 44,383
NET CURRENT ASSETS 27,542 116,723
TOTAL ASSETS LESS CURRENT LIABILITIES 4,121,717 4,127,749

CREDITORS
Amounts falling due after more than one
year
8
3,693,782
3,838,387
NET ASSETS 427,935 289,362

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 427,934 289,361
SHAREHOLDERS' FUNDS 427,935 289,362

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the
end of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The notes form part of these financial statements

Page 3
S G W Research Limited (Registered number: 04481655)

Balance Sheet - continued
31 March 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 6 December 2017 and were signed on its behalf
by:





Mrs S Gordon - Wild - Director


The notes form part of these financial statements

Page 4
S G W Research Limited (Registered number: 04481655)

Notes to the Financial Statements
for the Year Ended 31 March 2017


1. STATUTORY INFORMATION

S G W Research Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different
from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and
laws that have been enacted or substantively enacted by the year end and that are expected to apply to the
reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that
they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Page 5
S G W Research Limited (Registered number: 04481655)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017


3. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2016 2,182 - 2,182
Additions - 429 429
At 31 March 2017 2,182 429 2,611
DEPRECIATION
At 1 April 2016 2,156 - 2,156
Charge for year 8 142 150
At 31 March 2017 2,164 142 2,306
NET BOOK VALUE
At 31 March 2017 18 287 305
At 31 March 2016 26 - 26

4. FIXED ASSET INVESTMENTS

2017 2016
£    £   
Other investments not loans 4,093,870 4,011,000

Additional information is as follows:
Other
investments
£   
COST
At 1 April 2016
and 31 March 2017 4,000,000
NET BOOK VALUE
At 31 March 2017 4,000,000
At 31 March 2016 4,000,000

Investments (neither listed nor unlisted) were as follows:
2017 2016
£    £   
Investments 93,870 11,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Prepayments and accrued income 18,333 16,574

Page 6
S G W Research Limited (Registered number: 04481655)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017


6. CURRENT ASSET INVESTMENTS
2017 2016
£    £   
Investment in Dukes LLP 9,999 10,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 1,626 618
Tax 34,295 41,989
Accrued expenses 1,776 1,776
37,697 44,383

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2017 2016
£    £   
Directors' loan accounts 3,693,782 3,838,387

Page 7