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Registered Number: 09455198
England and Wales

 

 

 

SGC PROPERTY MAINTENANCE (SUSSEX) LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 29 February 2024

End date: 28 February 2025
Director Steven Cooper
Registered Number 09455198
Registered Office 99 Brentwood Road
Brighton
East Sussex
BN1 7ET
Accountants Acorn Financial Solutions Ltd
99 Brentwood Road
Brighton
East Sussex
BN1 7ET
1
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of SGC Property Maintenance (Sussex) Limited for the year ended 28 February 2025.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SGC Property Maintenance (Sussex) Limited for the year ended 28 February 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of SGC Property Maintenance (Sussex) Limited , as a body, in accordance with the terms of our engagement letter dated 22 July 2025. Our work has been undertaken solely to prepare for your approval the accounts of SGC Property Maintenance (Sussex) Limited and state those matters that we have agreed to state to the Board of Directors of SGC Property Maintenance (Sussex) Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SGC Property Maintenance (Sussex) Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SGC Property Maintenance (Sussex) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SGC Property Maintenance (Sussex) Limited . You consider that SGC Property Maintenance (Sussex) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of SGC Property Maintenance (Sussex) Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
28 February 2025.



Acorn Financial Solutions Ltd

99 Brentwood Road
Brighton
East Sussex
BN1 7ET
22 July 2025
2
  2025   2024
    £ £   £ £
Fixed assets   110      1,069 
Current assets 4,702      4,211   
Prepayments and accrued income 746      822   
Creditors: amount falling due within one year (8,956)     (7,902)  
Net current assets   (3,508)     (2,869)
Total assets less current liabilities   (3,398)     (1,800)
Creditors: amount falling due after more than one year   (5,789)     (6,347)
Net assets   (9,187)     (8,147)
 

         
Capital and reserves   (9,187)     (8,147)
 
NOTES TO THE ACCOUNTS

General Information
SGC Property Maintenance (Sussex) Limited is a private company, limited by shares, registered in England and Wales, registration number 09455198, registration address 99 Brentwood Road, Brighton, East Sussex, BN1 7ET.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The director is taking time out for personal commitments.  The company's operations are under review to restart in the future to levels before the pandemic.  It is expected sales and profitability will resume as soon as these commitments are reduced.  It is only this need for the director to avert time elsewhere that means the company is not growing and seeking sales outside of its current contact list of clients.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 50% Reducing Balance
Fixtures and Fittings 4 years Straight Line
Computer Equipment 3 years Straight Line
2.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 29 February 2024 5,515    345    3,463    9,323 
Additions      
Disposals      
At 28 February 2025 5,515    345    3,463    9,323 
Depreciation
At 29 February 2024 5,295    293    2,666    8,254 
Charge for year 110    52    797    959 
On disposals      
At 28 February 2025 5,405    345    3,463    9,213 
Net book values
Closing balance as at 28 February 2025 110        110 
Opening balance as at 29 February 2024 220    52    797    1,069 


3.

Financial Commitments, Guarantees and Contingencies

The company received a Bounce Back Loan in October of 2020 following numerous lockdowns imposed during the Coronavirus pandemic.
This is a 100% government backed loan and there is no personal guarantee required by the Director.
The first year only interest was due to be paid, and this has been charged to the Profit and Loss account as Bank Loan interest paid.
The monies received from the government to pay this interest in the first year has been credited to Government Grants in the Profit and Loss Account.
The company triggered a 6 month repayment holiday from December 2022 and again from July 2023 whilst the director managed a break for personal reasons.
The Bounceback loan is expected to be repaid on 15 October 2030.  The repayments are being honoured monthly.

4.

Average number of employees

Average number of employees during the year was 1 (2024 : 1).


For the year ended 28 February 2025 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 accounts for the year in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 22 July 2025 and were signed by:


--------------------------------
Steven Cooper
Director
3