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REGISTERED NUMBER: 09043500 (England and Wales)















S & G Estates Limited

Unaudited Financial Statements for the Year Ended 31 May 2023






S & G Estates Limited (Registered number: 09043500)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


S & G Estates Limited (Registered number: 09043500)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,011 1,481
Investment property 5 760,000 745,000
762,011 746,481

CURRENT ASSETS
Cash at bank 238 2,942

CREDITORS
Amounts falling due within one year 6 78,904 77,421
NET CURRENT LIABILITIES (78,666 ) (74,479 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

683,345

672,002

CREDITORS
Amounts falling due after more than
one year

7

(506,722

)

(507,582

)

PROVISIONS FOR LIABILITIES (33,651 ) (31,305 )
NET ASSETS 142,972 133,115

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 142,970 133,113
142,972 133,115

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

S & G Estates Limited (Registered number: 09043500)

Balance Sheet - continued
31 May 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by:




Mr S S Gill - Director



Mrs G K Gill - Director


S & G Estates Limited (Registered number: 09043500)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

S & G Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09043500

Registered office: Suite 16, Enterprise House
Telford Road
Bicester
Oxon
OX26 4LD

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

S & G Estates Limited (Registered number: 09043500)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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 balance sheet 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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machiner
etc
£   
COST
At 1 June 2022 2,099
Additions 1,077
At 31 May 2023 3,176
DEPRECIATION
At 1 June 2022 618
Charge for year 547
At 31 May 2023 1,165
NET BOOK VALUE
At 31 May 2023 2,011
At 31 May 2022 1,481

S & G Estates Limited (Registered number: 09043500)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022 745,000
Revaluations 15,000
At 31 May 2023 760,000
NET BOOK VALUE
At 31 May 2023 760,000
At 31 May 2022 745,000

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2019 109,033
Valuation in 2020 (10,000 )
Valuation in 2021 60,193
Valuation in 2022 10,000
Valuation in 2023 15,000
Cost 575,774
760,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 575,774 575,774

The investment properties were valued on an open market basis on 31 May 2023 by an independent estate agent .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 78,904 77,421

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 506,722 507,582