2022-09-012023-08-312023-08-31falseSC544012SRG GLOBAL PROPERTIES 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SRG GLOBAL PROPERTIES LIMITED

Registered Number
SC544012
(Scotland)

Unaudited Financial Statements for the Year ended
31 August 2023

SRG GLOBAL PROPERTIES LIMITED
Company Information
for the year from 1 September 2022 to 31 August 2023

Director

GANACHARI, Deepa

Registered Address

Netherhall Farm
Dura Road
Shotts
ML7 5DJ

Registered Number

SC544012 (Scotland)
SRG GLOBAL PROPERTIES LIMITED
Balance Sheet as at
31 August 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets6305,851305,686
305,851305,686
Current assets
Cash at bank and on hand11,85511,846
11,85511,846
Creditors amounts falling due within one year7(88,082)(87,967)
Net current assets (liabilities)(76,227)(76,121)
Total assets less current liabilities229,624229,565
Creditors amounts falling due after one year8(209,508)(209,508)
Accruals and deferred income(389)(486)
Net assets19,72719,571
Capital and reserves
Called up share capital100100
Profit and loss account19,62719,471
Shareholders' funds19,72719,571
The financial statements were approved and authorised for issue by the Director on 15 November 2023, and are signed on its behalf by:
GANACHARI, Deepa
Director
Registered Company No. SC544012
SRG GLOBAL PROPERTIES LIMITED
Notes to the Financial Statements
for the year ended 31 August 2023

1.Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The company's principal activity is Other letting and operating of own or leased real estate.
4.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery-4
Office Equipment33-
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
5.Employee information

20232022
Average number of employees during the year00
6.Property, plant and equipment

Total

£
Cost or valuation
At 01 September 22305,756
Additions289
At 31 August 23306,045
Depreciation and impairment
At 01 September 2270
Charge for year124
At 31 August 23194
Net book value
At 31 August 23305,851
At 31 August 22305,686
7.Creditors within one year

2023

2022

££
Taxation and social security9171,114
Other creditors87,16586,853
Total88,08287,967
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts209,508209,508
Total209,508209,508