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REGISTERED NUMBER: 04918092 (England and Wales)















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: Mr S Mucklow





REGISTERED OFFICE: 1 Loughton Business Centre
5 Langston Road
Loughton
Essex
IG10 3FL





REGISTERED NUMBER: 04918092 (England and Wales)





ACCOUNTANTS: BBK Partnership
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 2 998,080

CURRENT ASSETS
Debtors 5 6,422,449 6,422,397
Cash at bank 2,102 2,372
6,424,551 6,424,769
CREDITORS
Amounts falling due within one year 6 (814,038 ) (814,038 )
NET CURRENT ASSETS 5,610,513 5,610,731
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,610,515

6,608,811

CAPITAL AND RESERVES
Called up share capital 7 75,001 75,001
Share premium 8 998,077 998,077
Former Holding Co reserves 8 3,352,185 3,352,185
Retained earnings 8 1,185,252 2,183,548
SHAREHOLDERS' FUNDS 5,610,515 6,608,811

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

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 2 October 2023 and were signed by:




Mr S Mucklow - Director


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 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 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.

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 2 998,078 998,080
Impairments - (998,078 ) (998,078 )
At 28 February 2023 2 - 2
NET BOOK VALUE
At 28 February 2023 2 - 2
At 28 February 2022 2 998,078 998,080

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 6,422,449 6,422,397

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Amounts owed to group undertakings 2 2
Other creditors 814,036 814,036
814,038 814,038

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: £    £   
75,001 Ordinary £1 75,001 75,001

8. RESERVES
Former
Holding
Retained Share Co
earnings premium reserves Totals
£    £    £    £   

At 1 March 2022 2,183,548 998,077 3,352,185 6,533,810
Deficit for the year (998,296 ) (998,296 )
At 28 February 2023 1,185,252 998,077 3,352,185 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 Mr S Mucklow.