Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30false2023-10-01The principal activity of the company continued to be that of investment property and lettings.11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10374473 2023-10-01 2024-09-30 10374473 2022-10-01 2023-09-30 10374473 2024-09-30 10374473 2023-09-30 10374473 c:Director1 2023-10-01 2024-09-30 10374473 c:RegisteredOffice 2023-10-01 2024-09-30 10374473 c:Agent1 2023-10-01 2024-09-30 10374473 d:Buildings 2023-10-01 2024-09-30 10374473 d:Buildings 2024-09-30 10374473 d:Buildings 2023-09-30 10374473 d:CurrentFinancialInstruments 2024-09-30 10374473 d:CurrentFinancialInstruments 2023-09-30 10374473 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 10374473 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 10374473 d:ShareCapital 2024-09-30 10374473 d:ShareCapital 2023-09-30 10374473 d:RetainedEarningsAccumulatedLosses 2024-09-30 10374473 d:RetainedEarningsAccumulatedLosses 2023-09-30 10374473 c:OrdinaryShareClass1 2023-10-01 2024-09-30 10374473 c:OrdinaryShareClass1 2024-09-30 10374473 c:OrdinaryShareClass1 2023-09-30 10374473 c:FRS102 2023-10-01 2024-09-30 10374473 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 10374473 c:FullAccounts 2023-10-01 2024-09-30 10374473 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10374473 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure



Company Registration No. 10374473 (England and Wales)







SGO PROPERTIES LIMITED

UNAUDITED
FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 SEPTEMBER 2024




































Riordan O'Sullivan & Co
Chartered Certified Accountants
40 Chamberlayne Road
London
NW10 3JE

 
SGO PROPERTIES LIMITED
 
 
COMPANY INFORMATION


Director
Sean Masterson 




Registered number
10374473



Registered office
40 Chamberlayne Road

London

NW10 3JE




Accountants
Riordan O'Sullivan & Co
Chartered Certified Accountants

40 Chamberlayne Road

London

NW10 3JE




Bankers
NatWest Bank PLC
PO Box 12258

1 Princes Street

London

EC2R 8BP





 
SGO PROPERTIES LIMITED
 

CONTENTS



Page
Balance Sheet
 
 
1
Notes to the Financial Statements
 
 
2 - 5


 
SGO PROPERTIES LIMITED
REGISTERED NUMBER:10374473

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,666,652
1,666,652

  
1,666,652
1,666,652

Current assets
  

Cash at bank and in hand
  
209,507
225,416

  
209,507
225,416

Creditors
 5 
(1,670,652)
(1,681,683)

Net current liabilities
  
 
 
(1,461,145)
 
 
(1,456,267)

Total assets less current liabilities
  
205,507
210,385

  

Net assets
  
205,507
210,385


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
205,407
210,285

  
205,507
210,385


The director considers 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 the Companies Act 2006.

The director acknowledges his 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 profit and loss account 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 6 January 2025.


___________________________
Sean Masterson
Director

Page 1

 
SGO PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

SGO Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is 40 Chamberlayne Road, London, NW10 3JE.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

  
2.2

Investment property

Investment properties which are held to earn rentals and/or for capital appreciation, are initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently they are measured at fair value at the reporting date. The surplus or deficit on revaluation is recognised in profit or loss.

 
2.3

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. 

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.5

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.

Page 2

 
SGO PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-

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 profit or loss.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

  
2.7

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 3

 
SGO PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Investment property





Freehold investment property

£



Cost or valuation


At 1 October 2023
1,666,652



At 30 September 2024

1,666,652






Net book value



At 30 September 2024
1,666,652



At 30 September 2023
1,666,652


5.


Creditors

2024
2023
£
£

Corporation tax
-
11,031

Other creditors
1,661,652
1,661,652

Accruals and deferred income
9,000
9,000

1,670,652
1,681,683


Page 4

 
SGO PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



7.


Profit and loss reserves

2024
2023
£
£



Brought forward
210,285
164,611

Profit /(Loss) for the year
(4,874)
45,674

205,411
210,285

Page 5