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REGISTERED NUMBER: 09208667 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

SGC Support Services UK Limited

SGC Support Services UK Limited (Registered number: 09208667)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SGC Support Services UK Limited

Company Information
for the Year Ended 31 December 2022







DIRECTOR: A Christiaens





REGISTERED OFFICE: 48 Dover Street
London
W1S 4FF





REGISTERED NUMBER: 09208667 (England and Wales)





ACCOUNTANTS: We`ll Mind Your Own Business LTD
39 Long Acre
London
WC2E 9LG

SGC Support Services UK Limited (Registered number: 09208667)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,159 -

CURRENT ASSETS
Debtors 5 1,533,594 1,566,313
Cash at bank 40,443 526
1,574,037 1,566,839
CREDITORS
Amounts falling due within one year 6 1,202,003 1,189,112
NET CURRENT ASSETS 372,034 377,727
TOTAL ASSETS LESS CURRENT
LIABILITIES

382,193

377,727

CREDITORS
Amounts falling due after more than
one year

7

32,904

41,706
NET ASSETS 349,289 336,021

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 349,288 336,020
349,289 336,021

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SGC Support Services UK Limited (Registered number: 09208667)

Balance Sheet - continued
31 December 2022


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

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

The financial statements were approved by the director and authorised for issue on 27 October 2023 and were signed by:





A Christiaens - Director


SGC Support Services UK Limited (Registered number: 09208667)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

SGC Support Services UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

SGC Support Services UK Limited (Registered number: 09208667)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - NIL ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2022 13,825
Additions 15,239
At 31 December 2022 29,064
DEPRECIATION
At 1 January 2022 13,825
Charge for year 5,080
At 31 December 2022 18,905
NET BOOK VALUE
At 31 December 2022 10,159
At 31 December 2021 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Amounts owed by group undertakings 1,511,998 1,540,196
Other debtors 20,647 21,177
Directors' loan accounts - 1,698
Prepayments and accrued income 949 3,242
1,533,594 1,566,313

SGC Support Services UK Limited (Registered number: 09208667)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 78,076 74,800
Amounts owed to group undertakings 269,144 269,144
Tax 59,478 72,164
Social security and other taxes 7,775 -
Other creditors 11,729 3,266
Directors' loan accounts 6,963 -
Accrued expenses 758,190 759,090
1,202,003 1,189,112

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans 32,904 41,706

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 32,904 41,706

8. ULTIMATE CONTROLLING PARTY

The shareholder of the company is SGC Holdings Limited based in Hong Kong.