Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05575220 2022-04-01 2023-03-31 05575220 2021-04-01 2022-03-31 05575220 2023-03-31 05575220 2022-03-31 05575220 2021-04-01 05575220 c:Director3 2022-04-01 2023-03-31 05575220 d:PlantMachinery 2022-04-01 2023-03-31 05575220 d:PlantMachinery 2023-03-31 05575220 d:PlantMachinery 2022-03-31 05575220 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05575220 d:ComputerEquipment 2022-04-01 2023-03-31 05575220 d:LeaseholdInvestmentProperty 2023-03-31 05575220 d:LeaseholdInvestmentProperty 2022-03-31 05575220 d:CurrentFinancialInstruments 2023-03-31 05575220 d:CurrentFinancialInstruments 2022-03-31 05575220 d:Non-currentFinancialInstruments 2023-03-31 05575220 d:Non-currentFinancialInstruments 2022-03-31 05575220 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05575220 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 05575220 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 05575220 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 05575220 d:ShareCapital 2023-03-31 05575220 d:ShareCapital 2022-03-31 05575220 d:OtherMiscellaneousReserve 2023-03-31 05575220 d:OtherMiscellaneousReserve 2022-03-31 05575220 d:RetainedEarningsAccumulatedLosses 2023-03-31 05575220 d:RetainedEarningsAccumulatedLosses 2022-03-31 05575220 c:FRS102 2022-04-01 2023-03-31 05575220 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 05575220 c:FullAccounts 2022-04-01 2023-03-31 05575220 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 05575220 d:OtherDeferredTax 2023-03-31 05575220 d:OtherDeferredTax 2022-03-31 05575220 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 05575220









SG CONSULTANTS HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
SG CONSULTANTS HOLDINGS LIMITED
REGISTERED NUMBER: 05575220

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
15,810
16,570

Investments
 5 
83,589
92,524

Investment property
 5 
18,250,000
18,250,000

  
18,349,399
18,359,094

Current assets
  

Debtors: amounts falling due within one year
 6 
937,521
932,012

Cash at bank and in hand
  
727,401
323,731

  
1,664,922
1,255,743

Creditors: amounts falling due within one year
 7 
(304,549)
(293,832)

Net current assets
  
 
 
1,360,373
 
 
961,911

Total assets less current liabilities
  
19,709,772
19,321,005

Creditors: amounts falling due after more than one year
 8 
(6,000,000)
(6,000,000)

Provisions for liabilities
  

Deferred tax
 9 
(2,824,169)
(2,824,169)

  
 
 
(2,824,169)
 
 
(2,824,169)

Net assets
  
10,885,603
10,496,836


Capital and reserves
  

Called up share capital 
  
200
200

Fair value reserve
  
7,449,847
7,449,847

Profit and loss account
  
3,435,556
3,046,789

  
10,885,603
10,496,836


Page 1

 
SG CONSULTANTS HOLDINGS LIMITED
REGISTERED NUMBER: 05575220
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 November 2023.

Mrs J E Keisner
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
SG CONSULTANTS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

SG Consultants Holdings Limited is a private company limited by shares and registered in England & Wales. The address of its registered office is 124 Finchley Road, London NW3 5JS. The address of its principal place of business is Flat G, 8 New Cavendish Street, London W1G 8UJ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

in the opinion of the directors the company should be in a position to continue to pay its debts as they fall due in the twelve months from the date of signing these financial statements which have accordingly been prepared on the basis the company will continue to be a going concern.

 
2.3

Currency

The company's functional and presentational currency is GBP.

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 
Revenue comprises rental income receivable derived from the company's investment properties and is recognised in accordance with lease agreements.

 
2.5

Finance costs

Finance costs are charged to the Statement of Comprehensive Income over the term of the debt.

 
2.6

Pensions

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in the Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Page 3

 
SG CONSULTANTS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the United Kingdom.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date. Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Furniture and equipment
-
5% per annum on the reducing balance
Computer equipment
-
20% per annum on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

 
2.9

Investment property

Investment property is carried at fair value and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Comprehensive Income.

 
2.10

Valuation of investments

Investments in listed company shares are remeasured to market value at each Statement of Financial Position date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income.

 
2.11

Debtors

Short term debtors are measured at transaction price, less any impairment. 

Page 4

 
SG CONSULTANTS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.12

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.13

Creditors

Short term creditors are measured at the transaction price. 

 
2.14

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors and a bank loan.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income. 


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 5).

Page 5

 
SG CONSULTANTS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Furniture and equipment

£



Cost or valuation


At 1 April 2022
33,160


Additions
818



At 31 March 2023

33,978



Depreciation


At 1 April 2022
16,590


Charge for the year on owned assets
1,578



At 31 March 2023

18,168



Net book value



At 31 March 2023
15,810



At 31 March 2022
16,570


5.


Fixed asset investments





Listed investments
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 April 2022
88,524
4,000
92,524


Revaluations
(8,935)
-
(8,935)



At 31 March 2023
79,589
4,000
83,589




Page 6

 
SG CONSULTANTS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

Long term leasehold investment property

£



Valuation


At 1 April 2022
18,250,000



At 31 March 2023
18,250,000

The most recent professional valuation was carried out in June 2021.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
8,000,000
8,000,000

8,000,000
8,000,000


6.


Debtors

2023
2022
£
£


Trade debtors
6,698
6,021

Other debtors
866,381
846,994

Prepayments and accrued income
64,442
78,997

937,521
932,012


Page 7

 
SG CONSULTANTS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
4,692
7,263

Corporation tax
12,438
8,009

Other taxation and social security
1,912
4,588

Other creditors
87,385
85,759

Accruals and deferred income
198,122
188,213

304,549
293,832



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loan
6,000,000
6,000,000

6,000,000
6,000,000


The loan from Santander UK plc is secured by a fixed charge over the company's properties and a floating charge over its other assets.


9.


Deferred taxation




2023
2022


£

£






At beginning of year
(2,824,169)
(2,824,169)



At end of year
(2,824,169)
(2,824,169)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


On revaluation of investment property
(2,824,169)
(2,824,169)

(2,824,169)
(2,824,169)

Page 8

 
SG CONSULTANTS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

10.


Related party transactions

The following amounts were owed to the company by the directors at the financial year end.
The Estate of S Goldstein deceased                      £nil    (2022 : £630,182)
J E Keisner                                                   £352,207     (2022 :  £29,573)
S A Stein                                                      £322,043      (2022 :   £nil) 
Interest was charged on the loans in the sum of £13,208 (2022 : £12,906).

 
Page 9