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REGISTERED NUMBER: 07976702 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

SGP MANAGEMENT LIMITED

SGP MANAGEMENT LIMITED (Registered number: 07976702)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SGP MANAGEMENT LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTOR: MR STUART GRIFFITHS





REGISTERED OFFICE: Heron House
Mill Hey Road
Hoylake
Wirral
CH48 1NH





REGISTERED NUMBER: 07976702 (England and Wales)





ACCOUNTANTS: DBS Corporate Accountants
Suite 4102, Charlotte House
Queens Dock Business Centre
67-83 Norfolk Street
Liverpool
Merseyside
L1 0BG

SGP MANAGEMENT LIMITED (Registered number: 07976702)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,004,952 262,992

CURRENT ASSETS
Debtors 5 452,270 452,270
Cash at bank and in hand 2,880 22,747
455,150 475,017
CREDITORS
Amounts falling due within one year 6 410,828 120,380
NET CURRENT ASSETS 44,322 354,637
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,049,274

617,629

CREDITORS
Amounts falling due after more than
one year

7

2,171,804

299,263
NET ASSETS 2,877,470 318,366

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 2,552,726 -
Retained earnings 324,644 318,266
2,877,470 318,366

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

SGP MANAGEMENT LIMITED (Registered number: 07976702)

Balance Sheet - continued
31 March 2024


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 14 August 2024 and were signed by:





MR STUART GRIFFITHS - Director


SGP MANAGEMENT LIMITED (Registered number: 07976702)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

SGP MANAGEMENT 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.

Turnover
Turnover is measured at the fair value of the amounts derived from the services provided by the company falling within its ordinary activities, 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 each asset over its estimated useful life.

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 balance sheet date.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

SGP MANAGEMENT LIMITED (Registered number: 07976702)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 262,992 - 262,992
Additions 4,710,000 39,950 4,749,950
At 31 March 2024 4,972,992 39,950 5,012,942
DEPRECIATION
Charge for year - 7,990 7,990
At 31 March 2024 - 7,990 7,990
NET BOOK VALUE
At 31 March 2024 4,972,992 31,960 5,004,952
At 31 March 2023 262,992 - 262,992

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 452,270 452,270

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 6,658 -
Hire purchase contracts 1,793 -
Trade creditors 107 78
Taxation and social security 913 14,889
Other creditors 401,357 105,413
410,828 120,380

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 2,139,735 299,263
Hire purchase contracts 32,069 -
2,171,804 299,263

SGP MANAGEMENT LIMITED (Registered number: 07976702)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.24 31.3.23
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 2,139,735 299,263