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REGISTERED NUMBER: 05145645 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

S G Estates Ltd

S G Estates Ltd (Registered number: 05145645)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


S G Estates Ltd

Company Information
for the year ended 31 December 2024







DIRECTOR: S B Griffin





SECRETARY: H M Martin





REGISTERED OFFICE: The Croft House
Old Wrexham Road
Gresford
Wrexham
LL12 8UA





REGISTERED NUMBER: 05145645 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
Suite 1, First Floor
Coachworks Arcade
Northgate Street
Chester
Cheshire
CH1 2EY

S G Estates Ltd (Registered number: 05145645)

Balance Sheet
31 December 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 382,416 215,921

CURRENT ASSETS
Stocks 7,035,026 4,284,684
Debtors 5 591,548 391,215
Cash at bank and in hand 5,929,267 8,222,291
13,555,841 12,898,190
CREDITORS
Amounts falling due within one year 6 (2,117,873 ) (2,006,450 )
NET CURRENT ASSETS 11,437,968 10,891,740
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,820,384

11,107,661

PROVISIONS FOR LIABILITIES (71,797 ) (48,129 )
NET ASSETS 11,748,587 11,059,532

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 11,748,583 11,059,528
11,748,587 11,059,532

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 April 2025 and were signed by:





S B Griffin - Director


S G Estates Ltd (Registered number: 05145645)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

S G Estates Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
The turnover shown in the profit and loss account represents the amount derived from the sale of houses and land which have been legally completed within the year, exclusive of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks and work in progress
There has been a change in accounting policy for the recognition of costs relating to construction projects resulting in a material prior period adjustment requiring a prior year restatement.

The accounting policy for construction contracts and the amount of work in progress to be carried forward in the accounts is as follows:

A Development Budget is now completed for each site using a mix of measured items and tendered fixed costs. Each plot is contributed a share of all costs based on the Road Frontage. Monthly valuations are completed on each development and reconciled against costs received to show any profit and loss in the period. Income received against each plot is then measured against the costs incurred to produce the profit for each plot and also provide a comprehensive work in progress figure to carry forward to the next period.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

S G Estates Ltd (Registered number: 05145645)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 January 2024 492,576
Additions 303,453
Disposals (29,980 )
At 31 December 2024 766,049
DEPRECIATION
At 1 January 2024 276,655
Charge for year 127,472
Eliminated on disposal (20,494 )
At 31 December 2024 383,633
NET BOOK VALUE
At 31 December 2024 382,416
At 31 December 2023 215,921

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 5,356 5,356
Other debtors 586,192 385,859
591,548 391,215

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 341,403 378,468
Taxation and social security 79,393 81,357
Other creditors 1,697,077 1,546,625
2,117,873 2,006,450

S G Estates Ltd (Registered number: 05145645)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£ £
S B Griffin
Balance outstanding at start of year (17,901 ) (5,186 )
Amounts advanced 106,775 79,810
Amounts repaid (118,307 ) (92,525 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (29,433 ) (17,901 )

8. RELATED PARTY DISCLOSURES

Included within other creditors is £29,433 (2023 £17,901) owed to Mr S B Griffin, the director of the company. This loan is interest free, unsecured and repayable upon demand.

9. ULTIMATE CONTROLLING PARTY

Mr S G Griffin, the director, controlled the company by virtue of owning the majority of the issued share capital.

10. PRIOR YEAR ADJUSTMENT

The 2023 accounts have been adjusted due to an error in the closing WIP calculation.