SBG PROPERTY MANAGEMENT LTD

SBG PROPERTY MANAGEMENT LTD
Statement of Financial Position
As at 28 February 2025

	Notes	2025 £
Current assets
Debtors	3	66
Cash at bank and in hand		6,465
		6,531
Creditors: amount falling due within one year	4	(3,516)
Net current assets		3,015

Total assets less current liabilities		3,015
Accruals and deferred income		(3,000)
Net assets		15

Capital and reserves
Called up share capital	5	2
Profit and loss account		13
Shareholders' funds		15

For the period ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 06 June 2025 and were signed on its behalf by:

-------------------------------
Brooke Hunter
Director

SBG PROPERTY MANAGEMENT LTD
Notes to the Financial Statements
For the Period 17 February 2024 to 28 February 2025

General Information

SBG PROPERTY MANAGEMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 15497940, registration address Montrachet Harras Road, Harras Moor, Whitehaven, Cumbria, CA28 6SG.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value.

Going concern basis

The financial statements have been prepared on a going concern basis. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover

Turnover represents the total amount receivable for services provided during the year. Turnover is recognised when the company becomes entitled to the income, typically upon delivery of the service.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

2.	Average number of employees Average number of employees during the period was 2.

Debtors: amounts falling due within one year

	2025 £
Other Debtors	66
	66

Creditors: amount falling due within one year

	2025 £
Trade Creditors	1,194
Taxation and Social Security	277
Other Creditors	2,045
	3,516

Share Capital

Allotted, called up and fully paid	2025 £
2 Class A shares of £1.00 each	2
	2

6.	Director’s loan

Director's loan account

At the balance sheet date, a loan of £1,271 was outstanding to a director. The loan is interest-free and repayable on demand. No guarantees were provided. The loan was not made on normal commercial terms.

Registered Number: 15497940
England and Wales
SBG PROPERTY MANAGEMENT LTD

Unaudited Financial Statements

Period of accounts Start date: 17 February 2024 End date: 28 February 2025