GWRUK ACQUISITION CORP LIMITED

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

KPMG LLP

Audit opinion

Qualified

Going concern

Affirmed

“The financial statements have been prepared on the going concern basis which the Directors consider appropriate for the reasons outlined below. During the year, the Group's operations resulted in a profit after tax of £3 7 million (2023 loss of £0 6 million) At the balance sheet date, it held cash of £27 3 million (2023 £23 0 million) and net liabilities of £2 3 million (2023 net liabilities of £5 9 million) As of the date of the signing, the Group held cash balances of £26 6 million with the majority of the publishing sales receipts due in the final quarter of the year. The Group's cashflow is very strong and can withstand the current market fluctuations and consequently, the directors are confident that the Group and Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on the going concern basis”

Group structure

1. GWRUK ACQUISITION CORP LIMITED · parent
   1. Guinness World Records Limited 1% · UK · Publication and licensing of intellectual property
   2. Ripley Entertainment Limited 1% · UK · Dormant
   3. Guinness World Records Japan KK 1% · Japan · Sales
   4. Guinness World Records Consulting (Beijing) Limited 1% · China · Sales
   5. GWR (Branch Operations) Ltd 1% · UK · Sales

Significant events

• “The Company has been involved for many years as a defendant in a litigation case, also in India. In June 2019, the final hearing took place and, in September 2019 the court found in the Company's favour. In June 2022, the claimants registered an appeal against the September 2019 judgment. As of the date of signing, there has been no further movement in the case and it looks likely that this will remain unchanged for the next few years.”
• “With sales steadily increasing in the consultancy business, the introduction of an online store, the plan for new publishing product as well as our focus on new and existing territories within the consultancy business (Saudi Arabia, South East Asia), the Company is very positive about its future.”
• “There are no subsequent events as of the date of signing”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.