REGISTERED NUMBER: |
Financial Statements for the Year Ended 28 February 2023 |
for |
SGB VENTURE HOLDINGS LIMITED |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 28 February 2023 |
for |
SGB VENTURE HOLDINGS LIMITED |
SGB VENTURE HOLDINGS LIMITED (REGISTERED NUMBER: 04918092) |
Contents of the Financial Statements |
FOR THE YEAR ENDED 28 FEBRUARY 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 | to | 4 |
SGB VENTURE HOLDINGS LIMITED |
Company Information |
FOR THE YEAR ENDED 28 FEBRUARY 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
& Statutory Auditors |
1 Beauchamp Court |
10 Victors Way |
Barnet |
Hertfordshire |
EN5 5TZ |
SGB VENTURE HOLDINGS LIMITED (REGISTERED NUMBER: 04918092) |
Balance Sheet |
28 FEBRUARY 2023 |
28.2.23 | 28.2.22 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Share premium | 8 |
Former Holding Co reserves | 8 |
Retained earnings | 8 |
SHAREHOLDERS' FUNDS |
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. |
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 |
SGB VENTURE HOLDINGS LIMITED (REGISTERED NUMBER: 04918092) |
Notes to the Financial Statements |
FOR THE YEAR ENDED 28 FEBRUARY 2023 |
1. | STATUTORY INFORMATION |
SGB Venture Holdings Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Investments in subsidiaries and associates |
Investments in subsidiary and associate undertakings are recognised at cost. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | FIXED ASSET INVESTMENTS |
Shares in | Interest |
group | in |
undertakings | associate | Totals |
£ | £ | £ |
COST |
At 1 March 2022 | 998,078 | 998,080 |
Impairments | ( |
) | (998,078 | ) |
At 28 February 2023 | 2 |
NET BOOK VALUE |
At 28 February 2023 | 2 |
At 28 February 2022 | 998,080 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.23 | 28.2.22 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.23 | 28.2.22 |
£ | £ |
Amounts owed to group undertakings |
Other creditors |
SGB VENTURE HOLDINGS LIMITED (REGISTERED NUMBER: 04918092) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 28 FEBRUARY 2023 |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 28.2.23 | 28.2.22 |
value: | £ | £ |
Ordinary | £1 | 75,001 | 75,001 |
8. | RESERVES |
Former |
Holding |
Retained | Share | Co |
earnings | premium | reserves | Totals |
£ | £ | £ | £ |
At 1 March 2022 | 6,533,810 |
Deficit for the year | ( |
) | ( |
) |
At 28 February 2023 | 5,535,514 |
9. | RELATED PARTY DISCLOSURES |
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. |
10. | ULTIMATE CONTROLLING PARTY |
The controlling party is SGB Venture Investments Ltd. |
The ultimate controlling party is |