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SG SPORTS AND ENTERTAINMENT
SERVICES LIMITED

REPORT OF THE DIRECTORS AND

ABRIDGED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 AUGUST 2024






SG SPORTS AND ENTERTAINMENT
SERVICES LIMITED (REGISTERED NUMBER: 12839192)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SG SPORTS AND ENTERTAINMENT
SERVICES LIMITED

COMPANY INFORMATION
for the year ended 31 August 2024







DIRECTORS: Mr S Ganguly
Ms S Ganguly
Mrs D Ganguly



REGISTERED OFFICE: Premier Suite
4 Churchill Court
58 Station Road
North Harrow
Middlesex
HA2 7ST



REGISTERED NUMBER: 12839192 (England and Wales)



ACCOUNTANTS: ADAMS MOORHOUSE LIMITED, Chartered Accountants
4 Churchill Court
58 Station Road
North Harrow
Middlesex
HA2 7ST



BANKERS: ICICI Bank UK PLC
One Thomas More Square
London
E1W 1YN

SG SPORTS AND ENTERTAINMENT
SERVICES LIMITED (REGISTERED NUMBER: 12839192)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 2,182,944 2,032,944

CURRENT ASSETS
Cash at bank 133 1,164

CREDITORS
Amounts falling due within one year 6 1,370,020 1,308,354
NET CURRENT LIABILITIES (1,369,887 ) (1,307,190 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

813,057

725,754

CREDITORS
Amounts falling due after more than one
year

7

(697,378

)

(764,046

)

PROVISIONS FOR LIABILITIES (37,500 ) -
NET ASSETS/(LIABILITIES) 78,179 (38,292 )

CAPITAL AND RESERVES
Called up share capital 3 3
Revaluation reserve 9 112,500 -
Retained earnings (34,324 ) (38,295 )
SHAREHOLDERS' FUNDS 78,179 (38,292 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SG SPORTS AND ENTERTAINMENT
SERVICES LIMITED (REGISTERED NUMBER: 12839192)

BALANCE SHEET - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2025 and were signed on its behalf by:





Mr S Ganguly - Director


SG SPORTS AND ENTERTAINMENT
SERVICES LIMITED (REGISTERED NUMBER: 12839192)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2024


1. STATUTORY INFORMATION


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Depreciation on leasehold property has not been provided as, in the opinion of the Board, the value of the property is more than the book value, and providing depreciation would lead to the financial statements not showing a true and fair view.

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.

4. EMPLOYEES AND DIRECTORS

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

SG SPORTS AND ENTERTAINMENT
SERVICES LIMITED (REGISTERED NUMBER: 12839192)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024


5. TANGIBLE FIXED ASSETS
Land and
buildings
£   
Cost or valuation
At 1 September 2023 2,032,944
Revaluations 150,000
At 31 August 2024 2,182,944
Net book value
At 31 August 2024 2,182,944
At 31 August 2023 2,032,944

Cost or valuation at 31 August 2024 is represented by:

Land and
buildings
£   
Valuation in 2024 150,000
Cost 2,032,944
2,182,944

If long leasehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 2,032,944 -

Value of land in freehold land and buildings 2,032,944 -

Long leasehold property was valued on open market value basis on 31 August 2024 by the Directors .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 85,951 85,951
Other creditors 1,284,069 1,222,403
1,370,020 1,308,354

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 697,378 764,046

SG SPORTS AND ENTERTAINMENT
SERVICES LIMITED (REGISTERED NUMBER: 12839192)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 783,329 849,997

Bank loan is secured on the leasehold property.

9. RESERVES
Revaluation
reserve
£   
Revaluation of property 112,500

At 31 August 2024 112,500

10. CONTINGENT LIABILITIES

As far as the Board is aware, there were no contingent liabilities at the balance sheet date.