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REGISTERED NUMBER: 08388644 (England and Wales)















Financial Statements for the Year Ended 31 August 2024

for

S.D.G. Building Limited

S.D.G. Building Limited (Registered number: 08388644)

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


S.D.G. Building Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: S Cuming
D Britton





REGISTERED OFFICE: Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB





REGISTERED NUMBER: 08388644 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

S.D.G. Building Limited (Registered number: 08388644)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 250,000 142,653

CURRENT ASSETS
Cash at bank 31,115 12,279

CREDITORS
Amounts falling due within one year 5 117,460 98,570
NET CURRENT LIABILITIES (86,345 ) (86,291 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

163,655

56,362

CREDITORS
Amounts falling due after more than one
year

6

25,151

31,589
NET ASSETS 138,504 24,773

CAPITAL AND RESERVES
Called up share capital 8 300 300
Revaluation reserve 9 107,347 -
Retained earnings 30,857 24,473
SHAREHOLDERS' FUNDS 138,504 24,773

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.

S.D.G. Building Limited (Registered number: 08388644)

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 27 August 2025 and were signed on its behalf by:




S Cuming - Director



D Britton - Director


S.D.G. Building Limited (Registered number: 08388644)

Notes to the Financial Statements
for the Year Ended 31 August 2024


1. STATUTORY INFORMATION

S.D.G. Building 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Although this policy is in accordance with FRS 102 the non-depreciation is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors, compliance with the standard is necessary for the financial statements to give 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

S.D.G. Building Limited (Registered number: 08388644)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 142,653
Revaluations 107,347
At 31 August 2024 250,000
NET BOOK VALUE
At 31 August 2024 250,000
At 31 August 2023 142,653

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2024 107,347
Cost 142,653
250,000

The investment property was valued by a third party on 21 May 2024 and revalued in the accounts in accordance with this valuation.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 8,081 7,432
Other loans 14,000 14,000
Corporation tax 3,113 1,586
D S Motortech Limited 39,602 19,592
Directors' current accounts 51,503 54,753
Accrued expenses 1,161 1,207
117,460 98,570

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans due between one and two
years

8,698

8,317
Bank loans due between two and five
years

16,453

23,272
25,151 31,589

S.D.G. Building Limited (Registered number: 08388644)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


7. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 33,232 39,021

The bank loan is secured by a mortgage over the freehold property and by a fixed and floating charge over the assets of the company.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 A Ordinary £1 100 100
100 B Ordinary £1 100 100
100 C Ordinary £1 100 100
300 300

9. RESERVES
Revaluation
reserve
£   
Revaluation of investment property 107,347

At 31 August 2024 107,347

10. OTHER FINANCIAL COMMITMENTS

A second charge over the property owned by S.D.G. Building Limited is in existence to secure the borrowings of D S Motortech Limited, a company owned by the directors.

11. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.