Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-303falseNo description of principal activitytrue32023-07-01falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10026065 2023-07-01 2024-06-30 10026065 2022-07-01 2023-06-30 10026065 2024-06-30 10026065 2023-06-30 10026065 c:Director1 2023-07-01 2024-06-30 10026065 d:CurrentFinancialInstruments 2024-06-30 10026065 d:CurrentFinancialInstruments 2023-06-30 10026065 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 10026065 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 10026065 d:ShareCapital 2024-06-30 10026065 d:ShareCapital 2023-06-30 10026065 d:RetainedEarningsAccumulatedLosses 2024-06-30 10026065 d:RetainedEarningsAccumulatedLosses 2023-06-30 10026065 c:OrdinaryShareClass1 2023-07-01 2024-06-30 10026065 c:OrdinaryShareClass1 2024-06-30 10026065 c:FRS102 2023-07-01 2024-06-30 10026065 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10026065 c:FullAccounts 2023-07-01 2024-06-30 10026065 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10026065 2 2023-07-01 2024-06-30 10026065 e:PoundSterling 2023-07-01 2024-06-30 10026065 d:EntityControlledByKeyManagementPersonnel1 2023-07-01 2024-06-30 10026065 d:EntityControlledByKeyManagementPersonnel1 2024-06-30 10026065 d:EntityControlledByKeyManagementPersonnel2 2023-07-01 2024-06-30 10026065 d:EntityControlledByKeyManagementPersonnel2 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10026065









SGF HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
SGF HOLDINGS LIMITED
REGISTERED NUMBER: 10026065

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024


2024

2023
Note
£
£
£
£

Current assets
  

Debtors: amounts falling due within one year
 4 
6,812,131
7,015,907

Cash at bank and in hand
 5 
96,146
218,866

  
6,908,277
7,234,773

Creditors: amounts falling due within one year
 6 
(6,185,726)
(6,400,983)

Net current assets
  
 
 
722,551
 
 
833,790

Total assets less current liabilities
  
722,551
833,790

  

Net assets
  
722,551
833,790


Capital and reserves
  

Called up share capital 
 7 
200
200

Profit and loss account
  
722,351
833,590

  
722,551
833,790


Page 1

 
SGF HOLDINGS LIMITED
REGISTERED NUMBER: 10026065
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The directors consider 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 directors acknowledge their 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 Statement of comprehensive income 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 31 March 2025.




R Sattaripour
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
SGF HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

SGF Holdings Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 87 Abingdon Road, London, England, W8 6AW.
The company specialises in business services.

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 following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis. The directors have considered the factors that impact the company’s future development, performance, cash flows and financial position in forming their opinion on the going concern basis. The directors believe that the company has adequate resources to continue to operate and meet its obligations as they fall due for the foreseeable future and therefore the use of the going concern assumption remains appropriate.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of comprehensive income except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of comprehensive income within 'other operating income'.

Page 3

 
SGF HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in the Statement of comprehensive income in the year in which they are incurred.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

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.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 4

 
SGF HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Debtors

2024
2023
£
£


Other debtors
6,812,131
7,015,907

6,812,131
7,015,907



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
96,146
218,866

96,146
218,866



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
5,401,337
5,605,113

Other creditors
781,149
792,630

Accruals and deferred income
3,240
3,240

6,185,726
6,400,983



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



200 Ordinary shares of £1 each
200
200


Page 5

 
SGF HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Related party transactions

The company has taken advantage of the exemption contained within FRS 102 section 13 "Related Party Disclosures" from disclosing related party transactions between wholly owned group companies.
 
Included within other creditors is an amount due to the directors of £6,285 (2023 - £6,285).
 
At the year end, the company was owed balances of £6,812,131 (2023 - £7,015,907) from a company controlled by common directors
 
During the year the company was charged management fees of £84,196 (2023 - £Nil) by a company with a common director.


9.


Controlling party

The ultimate controlling party is M Akbarieh by virtue of her 100% shareholding in the company.

 
Page 6