IRIS Accounts Production v24.3.2.46 12030571 director 1.7.23 30.6.24 30.6.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh120305712023-06-30120305712024-06-30120305712023-07-012024-06-30120305712022-06-30120305712022-07-012023-06-30120305712023-06-3012030571ns15:EnglandWales2023-07-012024-06-3012030571ns14:PoundSterling2023-07-012024-06-3012030571ns10:Director12023-07-012024-06-3012030571ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3012030571ns10:SmallEntities2023-07-012024-06-3012030571ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3012030571ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3012030571ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3012030571ns10:FullAccounts2023-07-012024-06-3012030571ns10:RegisteredOffice2023-07-012024-06-3012030571ns5:CurrentFinancialInstruments2024-06-3012030571ns5:CurrentFinancialInstruments2023-06-3012030571ns5:Non-currentFinancialInstruments2024-06-3012030571ns5:Non-currentFinancialInstruments2023-06-3012030571ns5:ShareCapital2024-06-3012030571ns5:ShareCapital2023-06-3012030571ns5:RetainedEarningsAccumulatedLosses2024-06-3012030571ns5:RetainedEarningsAccumulatedLosses2023-06-3012030571ns5:CostValuation2023-06-3012030571ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3012030571ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3012030571ns5:CurrentFinancialInstruments2023-07-012024-06-3012030571ns5:Non-currentFinancialInstruments2023-07-012024-06-30
REGISTERED NUMBER: 12030571 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

SAG PROPERTY HOLDINGS LIMITED

SAG PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 12030571)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SAG PROPERTY HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Mr N Schreiber





REGISTERED OFFICE: 147 Stamford Hill
London
N16 5LG





REGISTERED NUMBER: 12030571 (England and Wales)





ACCOUNTANTS: DAS Accounting & Partners (UK) LLP
105 Eade Road
OCC Building A
2nd Floor Unit 11a
London
N4 1TJ

SAG PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 12030571)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 5 808,009 808,009

CURRENT ASSETS
Debtors 6 25,851,929 24,448,627
Cash in hand 1 1
25,851,930 24,448,628
CREDITORS
Amounts falling due within one year 7 (20,110,536 ) (18,699,948 )
NET CURRENT ASSETS 5,741,394 5,748,680
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,549,403

6,556,689

CREDITORS
Amounts falling due after more than one year 8 (6,556,202 ) (6,563,488 )
NET LIABILITIES (6,799 ) (6,799 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (6,800 ) (6,800 )
SHAREHOLDERS' FUNDS (6,799 ) (6,799 )

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

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

SAG PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 12030571)

BALANCE SHEET - continued
30 JUNE 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 April 2025 and were signed by:





Mr N Schreiber - Director


SAG PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 12030571)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

SAG Property Holdings Limited 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the director is required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The director does not consider there are any critical judgments or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.

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 or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except tothe 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 orsubstantively enacted by the balance sheet date.


SAG PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 12030571)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

3. 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.

Investments
Fixed asset investments are initially recorded at cost and subsequently stated at cost less any accumulated impairment losses.

Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

4. EMPLOYEES AND DIRECTORS

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 July 2023
and 30 June 2024 808,009
NET BOOK VALUE
At 30 June 2024 808,009
At 30 June 2023 808,009

The company owns the whole of the issued share capital of NFS Investments Limited and Colony Court Limited, companies registered in England and Wales. The registered address of NFS Investments Limited and Colony Court Limited is 147 Stamford Hill, London, N16 5LG

Consolidated financial statements have not been prepared as the company has taken advantage of the exemptions conferred by Section 398 of the Companies Act 2006.

SAG PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 12030571)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 9,650,193 9,340,837
Other debtors 16,201,736 15,107,790
25,851,929 24,448,627

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 20,110,536 18,699,948

Other creditors include loans from the 'Midos Group' of £5,054,414 (2023: £4,094,697).

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 6,556,202 6,563,488

The bank loan is secured by legal charges over the assets of the company and its subsidiary undertakings.

9. RELATED PARTY DISCLOSURES

Other debtors include amounts of £16,146,580 (2023: £15,010,654) owed by companies of which the director of the company is also a director.