0 false false false false false false false false false false true false false false false false true No description of principal activity 2023-06-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,300,000 1,300,000 1,300,000 xbrli:pure xbrli:shares iso4217:GBP 13373220 2023-06-01 2024-05-30 13373220 2024-05-30 13373220 2023-05-31 13373220 2022-05-31 2023-05-31 13373220 2023-05-31 13373220 2022-05-30 13373220 bus:Director1 2023-06-01 2024-05-30 13373220 core:WithinOneYear 2024-05-30 13373220 core:WithinOneYear 2023-05-31 13373220 core:AfterOneYear 2024-05-30 13373220 core:AfterOneYear 2023-05-31 13373220 core:ShareCapital 2024-05-30 13373220 core:ShareCapital 2023-05-31 13373220 core:RetainedEarningsAccumulatedLosses 2024-05-30 13373220 core:RetainedEarningsAccumulatedLosses 2023-05-31 13373220 core:LandBuildings core:OwnedOrFreeholdAssets 2024-05-30 13373220 core:LandBuildings core:OwnedOrFreeholdAssets 2023-05-31 13373220 bus:SmallEntities 2023-06-01 2024-05-30 13373220 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-30 13373220 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-30 13373220 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-30 13373220 bus:FullAccounts 2023-06-01 2024-05-30
COMPANY REGISTRATION NUMBER: 13373220
SGCC PROPERTY LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
30 May 2024
SGCC PROPERTY LTD
STATEMENT OF FINANCIAL POSITION
30 May 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
4
1,300,000
1,300,000
CURRENT ASSETS
Debtors
5
35,000
35,000
Cash at bank and in hand
2,799
30,089
--------
--------
37,799
65,089
CREDITORS: amounts falling due within one year
6
( 45,601)
( 18,365)
--------
--------
NET CURRENT (LIABILITIES)/ASSETS
( 7,802)
46,724
------------
------------
TOTAL ASSETS LESS CURRENT LIABILITIES
1,292,198
1,346,724
CREDITORS: amounts falling due after more than one year
7
( 1,293,236)
( 1,293,236)
------------
------------
NET (LIABILITIES)/ASSETS
( 1,038)
53,488
------------
------------
CAPITAL AND RESERVES
Called up share capital
1
1
Profit and loss account
( 1,039)
53,487
-------
--------
SHAREHOLDERS (DEFICIT)/FUNDS
( 1,038)
53,488
-------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 30 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SGCC PROPERTY LTD
STATEMENT OF FINANCIAL POSITION (continued)
30 May 2024
These financial statements were approved by the board of directors and authorised for issue on 25 April 2025 , and are signed on behalf of the board by:
R Symonds
Director
Company registration number: 13373220
SGCC PROPERTY LTD
NOTES TO THE FINANCIAL STATEMENTS
PERIOD ENDED 30 MAY 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sherwood Grange Care Centre, Mansfield Road, Edwinstowe, Mansfield, NG21 9HF.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax.
Income tax
Deferred Taxation is provided using the liability method on all timing differences that have originated but not reversed at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently state at cost less any accumulated depreciation.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. TANGIBLE ASSETS
Freehold property
£
Cost
At 1 June 2023 and 30 May 2024
1,300,000
------------
Depreciation
At 1 June 2023 and 30 May 2024
------------
Carrying amount
At 30 May 2024
1,300,000
------------
At 31 May 2023
1,300,000
------------
5. DEBTORS
2024
2023
£
£
Trade debtors
35,000
35,000
--------
--------
6. CREDITORS: amounts falling due within one year
2024
2023
£
£
Trade creditors
900
900
Corporation tax
45,956
17,465
Other creditors
( 1,255)
--------
--------
45,601
18,365
--------
--------
7. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Other creditors
1,293,236
1,293,236
------------
------------