Acorah Software Products - Accounts Production 16.3.350 false true 31 May 2024 16 May 2023 false 1 June 2024 31 May 2025 31 May 2025 OC447316 Mr Ghafoor Gul SSG Properties Ltd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC447316 2024-05-31 OC447316 2025-05-31 OC447316 2024-06-01 2025-05-31 OC447316 frs-core:CurrentFinancialInstruments 2025-05-31 OC447316 frs-core:Non-currentFinancialInstruments 2025-05-31 OC447316 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-05-31 OC447316 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-01 2025-05-31 OC447316 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-31 OC447316 frs-bus:LimitedLiabilityPartnershipLLP 2024-06-01 2025-05-31 OC447316 frs-bus:LimitedLiabilityPartnershipsSORP 2024-06-01 2025-05-31 OC447316 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 OC447316 frs-bus:SmallEntities 2024-06-01 2025-05-31 OC447316 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 OC447316 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 OC447316 frs-countries:EnglandWales 2024-06-01 2025-05-31 OC447316 frs-bus:PartnerLLP1 2024-06-01 2025-05-31 OC447316 frs-bus:PartnerLLP2 2024-06-01 2025-05-31 OC447316 2023-05-15 OC447316 2024-05-31 OC447316 2023-05-16 2024-05-31 OC447316 frs-core:CurrentFinancialInstruments 2024-05-31 OC447316 frs-core:Non-currentFinancialInstruments 2024-05-31
Registered number: OC447316
SGG COMMERCIAL LLP
Unaudited Financial Statements
For The Year Ended 31 May 2025
AQ Accountants Limited
133 West Hendon Broadway
London
NW9 7DY
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: OC447316
31 May 2025 31 May 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 215,997
Investment Properties 5 215,997 -
215,997 215,997
CURRENT ASSETS
Debtors 6 1,500 -
Cash at bank and in hand 14,350 14,350
15,850 14,350
Creditors: Amounts Falling Due Within One Year 7 (750 ) (218,566 )
NET CURRENT ASSETS (LIABILITIES) 15,100 (204,216 )
TOTAL ASSETS LESS CURRENT LIABILITIES 231,097 11,781
Creditors: Amounts Falling Due After More Than One Year 8 (4,500 ) (4,500 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 226,597 7,281
REPRESENTED BY:
Loans and other debts due to members
Members' capital classified as a liability 216,009 -
Other amounts 10,588 7,281
226,597 7,281
226,597 7,281
TOTAL MEMBERS' INTEREST
Loans and other debts due to members 226,597 7,281
226,597 7,281
Page 1
Page 2
For the year ending 31 May 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Income Statement.
On behalf of the members
Mr Ghafoor Gul
Designated Member
07/08/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
SGG COMMERCIAL LLP is a limited liability partnership, incorporated in England & Wales, registered number OC447316 . The Registered Office is 133 West Hendon Broadway, London, NW9 7DY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2024: NIL)
- -
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 June 2024 215,997
Disposals (215,997 )
As at 31 May 2025 -
Net Book Value
As at 31 May 2025 -
As at 1 June 2024 215,997
5. Investment Property
31 May 2025
£
Fair Value
As at 1 June 2024 -
Additions 215,997
As at 31 May 2025 215,997
6. Debtors
31 May 2025 31 May 2024
£ £
Due within one year
Trade debtors 1,500 -
7. Creditors: Amounts Falling Due Within One Year
31 May 2025 31 May 2024
£ £
Amounts owed to participating interests - 217,816
Other creditors 750 750
750 218,566
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
31 May 2025 31 May 2024
£ £
Other creditors 4,500 4,500
Page 5