SGA Retirement Limited 13437998 true 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is management of real estate. Digita Accounts Production Advanced 6.30.9574.0 true true 13437998 2023-07-01 2024-06-30 13437998 2024-06-30 13437998 core:CurrentFinancialInstruments 2024-06-30 13437998 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 13437998 bus:SmallEntities 2023-07-01 2024-06-30 13437998 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 13437998 bus:FilletedAccounts 2023-07-01 2024-06-30 13437998 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 13437998 bus:RegisteredOffice 2023-07-01 2024-06-30 13437998 bus:Director1 2023-07-01 2024-06-30 13437998 bus:EntityHasNeverTraded 2023-07-01 2024-06-30 13437998 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13437998 core:OtherRelatedParties 2023-07-01 2024-06-30 13437998 countries:UnitedKingdom 2023-07-01 2024-06-30 13437998 2022-07-01 2023-06-30 13437998 2023-06-30 13437998 core:CurrentFinancialInstruments 2023-06-30 13437998 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 13437998

SGA Retirement Limited

Unaudited Filleted Financial Statements


for the Year Ended 30 June 2024

 

SGA Retirement Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

SGA Retirement Limited

Company Information

Director

Simon Foster

Registered office

53a High Street
Esher
Surrey
KT10 9RQ

Accountants

Carbon Accountancy Limited
Chartered Accountants
80-83 Long Lane
London
EC1A 9ET

 

SGA Retirement Limited

(Registration number: 13437998)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Current assets

 

Stocks

4

85,000

85,000

Debtors

5

100

100

 

85,100

85,100

Creditors: Amounts falling due within one year

6

(88,694)

(87,340)

Net liabilities

 

(3,594)

(2,240)

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

(3,694)

(2,340)

Shareholders' deficit

 

(3,594)

(2,240)

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 6 December 2024
 

.........................................
Simon Foster
Director

 

SGA Retirement Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
53a High Street
Esher
Surrey
KT10 9RQ

These financial statements were authorised for issue by the director on 6 December 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

There was a net deficiency of assets amounting to £3,594 (2023: £2,240) which included an amount of £86,140 owed to other related companies. Based on the director's assessment of future performance and continued support from the shareholders the directors have prepared the accounts on a going basis.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

SGA Retirement Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Stocks

2024
£

2023
£

Other inventories

85,000

85,000

5

Debtors

Current

2024
£

2023
£

Other debtors

100

100

 

100

100

 

SGA Retirement Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

1,200

1,140

Accruals and deferred income

1,354

1,200

Other creditors

86,140

85,000

88,694

87,340

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

8

Related party transactions

Summary of transactions with other related parties


(a) Included in Other Creditors is £85,000 (2023 - £85,000) due to Urban Matrix (Esher) LLP where Simon Foster is designated member.

(b) Included in Other Creditors is £1,140 due to Urban Matrix Ltd where Simon Foster is shareholder and director.