IRIS Accounts Production v24.3.2.46 SC683078 director 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6830782023-04-30SC6830782024-04-30SC6830782023-05-012024-04-30SC6830782022-04-30SC6830782022-05-012023-04-30SC6830782023-04-30SC683078ns15:Scotland2023-05-012024-04-30SC683078ns14:PoundSterling2023-05-012024-04-30SC683078ns10:Director12023-05-012024-04-30SC683078ns10:PrivateLimitedCompanyLtd2023-05-012024-04-30SC683078ns10:SmallEntities2023-05-012024-04-30SC683078ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-30SC683078ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-30SC683078ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-30SC683078ns10:FullAccounts2023-05-012024-04-30SC683078ns10:RegisteredOffice2023-05-012024-04-30SC683078ns5:CurrentFinancialInstruments2024-04-30SC683078ns5:CurrentFinancialInstruments2023-04-30SC683078ns5:Non-currentFinancialInstruments2024-04-30SC683078ns5:Non-currentFinancialInstruments2023-04-30SC683078ns5:ShareCapital2024-04-30SC683078ns5:ShareCapital2023-04-30SC683078ns5:RetainedEarningsAccumulatedLosses2024-04-30SC683078ns5:RetainedEarningsAccumulatedLosses2023-04-30SC683078ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-05-012024-04-30SC683078ns5:ComputerEquipment2023-05-012024-04-30SC683078ns5:LandBuildings2023-04-30SC683078ns5:ComputerEquipment2023-04-30SC683078ns5:LandBuildings2023-05-012024-04-30SC683078ns5:LandBuildings2024-04-30SC683078ns5:ComputerEquipment2024-04-30SC683078ns5:LandBuildings2023-04-30SC683078ns5:ComputerEquipment2023-04-30SC683078ns5:CostValuation2023-04-30SC683078ns5:AdditionsToInvestments2024-04-30SC683078ns5:CostValuation2024-04-30SC683078ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-30SC683078ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-30SC683078ns5:Secured2024-04-30SC683078ns5:Secured2023-04-30
REGISTERED NUMBER: SC683078 (Scotland)











































SPG Group (Holdings) Limited

Unaudited Financial Statements

for the Year Ended 30th April 2024






SPG Group (Holdings) Limited (Registered number: SC683078)






Contents of the Financial Statements
for the year ended 30th April 2024




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 7


SPG Group (Holdings) Limited

Company Information
for the year ended 30th April 2024







Director: S P Gillie





Registered office: Nordale
Netherdale Industrial Estate
Galashiels
Scottish Borders
TD1 3EY





Registered number: SC683078 (Scotland)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

SPG Group (Holdings) Limited (Registered number: SC683078)

Balance Sheet
30th April 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 554,292 553,120
Investments 5 257,600 257,500
811,892 810,620

Current assets
Debtors 6 71,252 48,364
Cash at bank 281,810 29,824
353,062 78,188
Creditors
Amounts falling due within one year 7 260,899 277,069
Net current assets/(liabilities) 92,163 (198,881 )
Total assets less current liabilities 904,055 611,739

Creditors
Amounts falling due after more than one
year

8

123,024

145,896
Net assets 781,031 465,843

Capital and reserves
Called up share capital 300 300
Retained earnings 780,731 465,543
781,031 465,843

SPG Group (Holdings) Limited (Registered number: SC683078)

Balance Sheet - continued
30th April 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

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 director and authorised for issue on 30th January 2025 and were signed by:





S P Gillie - Director


SPG Group (Holdings) Limited (Registered number: SC683078)

Notes to the Financial Statements
for the year ended 30th April 2024

1. Statutory information

SPG Group (Holdings) Limited is a private company, limited by shares , registered in Scotland. 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 consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

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.
Freehold property - Nil
Office equipment - 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less impairment.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans, other loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors, other loans and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

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.


SPG Group (Holdings) Limited (Registered number: SC683078)

Notes to the Financial Statements - continued
for the year ended 30th April 2024

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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern
The directors have considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and has an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Tangible fixed assets
Freehold Office
property equipment Totals
£    £    £   
Cost
At 1st May 2023 553,120 - 553,120
Additions - 1,250 1,250
At 30th April 2024 553,120 1,250 554,370
Depreciation
Charge for year - 78 78
At 30th April 2024 - 78 78
Net book value
At 30th April 2024 553,120 1,172 554,292
At 30th April 2023 553,120 - 553,120

SPG Group (Holdings) Limited (Registered number: SC683078)

Notes to the Financial Statements - continued
for the year ended 30th April 2024

5. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1st May 2023 257,500
Additions 100
At 30th April 2024 257,600
Net book value
At 30th April 2024 257,600
At 30th April 2023 257,500

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 21,252 48,364
Amounts owed by group undertakings 50,000 -
71,252 48,364

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 18,000 18,000
Taxation and social security 12,506 -
Other creditors 230,393 259,069
260,899 277,069

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 123,024 145,896

9. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 141,024 -

The Royal Bank of Scotland holds standard security over Nordale and Unit 7 Straiton Business Park.

10. Related party disclosures

At 30th April 2024 a loan of £50,000 was outstanding payable by the company to Spg Fire & Security Limited, a subsidiary of SPG Group (Holdings) Limited. This loan is unsecured, interest free and is repayable on demand.

SPG Group (Holdings) Limited (Registered number: SC683078)

Notes to the Financial Statements - continued
for the year ended 30th April 2024

11. Group accounts

The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to prepare group accounts.