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REGISTERED NUMBER: 09532381 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2023

FOR

SG UK EVENTS LIMITED

SG UK EVENTS LIMITED (REGISTERED NUMBER: 09532381)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SG UK EVENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2023







DIRECTOR: Miss S Glover





REGISTERED OFFICE: Spitalfields House
Stirling Way
Borehamwood
Hertfordshire
WD6 2FX





REGISTERED NUMBER: 09532381 (England and Wales)





ACCOUNTANTS: Louis Cooper Limited
Chartered Accountants
Spitalfields House
Stirling Way
Borehamwood
Hertfordshire
WD6 2FX

SG UK EVENTS LIMITED (REGISTERED NUMBER: 09532381)

STATEMENT OF FINANCIAL POSITION
5 APRIL 2023

5.4.23 5.4.22
Notes £    £   
CURRENT ASSETS
Cash at bank 1,362 1,362

CREDITORS
Amounts falling due within one year 5 2,726 2,726
NET CURRENT LIABILITIES (1,364 ) (1,364 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,364

)

(1,364

)

CREDITORS
Amounts falling due after more than one
year

6

9,000

9,000
NET LIABILITIES (10,364 ) (10,364 )

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings (10,564 ) (10,564 )
SHAREHOLDERS' FUNDS (10,364 ) (10,364 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 February 2024 and were signed by:





Miss S Glover - Director


SG UK EVENTS LIMITED (REGISTERED NUMBER: 09532381)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

1. STATUTORY INFORMATION

SG UK Events 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
The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of the assumption depends upon the continued financial support of the company's creditors.

If the company were unable to continue in existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet values of assets to their recoverable amounts and to provide for any further liabilities that might arise.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

SG UK EVENTS LIMITED (REGISTERED NUMBER: 09532381)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.
Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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 statement of financial position date.


SG UK EVENTS LIMITED (REGISTERED NUMBER: 09532381)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6 April 2022
and 5 April 2023 741
DEPRECIATION
At 6 April 2022
and 5 April 2023 741
NET BOOK VALUE
At 5 April 2023 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.23 5.4.22
£    £   
Bank loans and overdrafts (see note 7) 1,000 1,000
Trade creditors 1,550 1,550
Other creditors 176 176
2,726 2,726

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
5.4.23 5.4.22
£    £   
Bank loans (see note 7) 9,000 9,000

7. LOANS

An analysis of the maturity of loans is given below:

5.4.23 5.4.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 1,000 1,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 9,000 9,000

SG UK EVENTS LIMITED (REGISTERED NUMBER: 09532381)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2023

7. LOANS - continued

The bank loan facility is supported by the UK Government Bounce Back Loan Scheme guarantee and interest is charged at 2.5% per annum.

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 5.4.23 5.4.22
value: £    £   
100 Ordinary 1 200 200

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 5 April 2023 and 5 April 2022:

5.4.23 5.4.22
£    £   
Miss S Glover
Balance outstanding at start of year (176 ) 5,293
Amounts repaid - (5,469 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (176 )

At the year end the director Ms Glover had a £176 credit on her loan account (2021: owed £5,293).

10. ULTIMATE CONTROLLING PARTY

The controlling party is Miss S Glover.

The ultimate controlling party is Miss S Glover.