SGP_Financial_Limited_31_Dec_2024_companies_house_set_of

Company registration number:

09224030

Sgp Financial Limited

Unaudited Filleted Abridged Financial Statements for the year ended

31 December 2024

Sgp Financial Limited

Report to the board of directors on the preparation of the unaudited statutory financial statements of Sgp Financial Limited

Year ended

31 December 2024

As described on the abridged statement of financial position, the Board of Directors of

Sgp Financial Limited

are responsible for the preparation of the

abridged financial statements

for the year ended

31 December 2024

, which comprise the abridged statement of financial position and related notes.

You consider that the company is exempt from an audit under the Companies Act 2006.

In accordance with your instructions we have compiled these unaudited abridged financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

SGP ACCOUNTANTS GROUP LTD

Kingfisher House

2 Kingfisher Way

Stockton-on-Tees

TS18 3EX

United Kingdom

Sgp Financial Limited

Abridged Statement of Financial Position

31 December 2024

	2024	2023
	£	£
Current assets
Debtors	8,724	8,724
Investments	100,000	100,000
	108,724	108,724
Net current assets	108,724	108,724
Total assets less current liabilities	108,724	108,724
Capital and reserves
Called up share capital	100,000	100,000
Profit and loss account	8,724	8,724
Shareholders funds	108,724	108,724

The company did not trade during the current year and has not made either a profit or a loss.

For the year ending

31 December 2024

, the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements.

All of the members have consented to the preparation of the abridged statement of financial position and the abridged income statement for the year ended

31 December 2024

in accordance with Section 444(2A) of the Companies Act 2006.

These

abridged financial statements

have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.

These

abridged financial statements

were approved by the board of directors and authorised for issue on

10 September 2025

, and are signed on behalf of the board by:

A Al Zaiter

Director

Company registration number:

09224030

Sgp Financial Limited

Notes to the Abridged Financial Statements

Year ended

31 December 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

Kingfisher House

,

2 Kingfisher Way

,

Stockton-On-Tees

,

TS18 3EX

, England.

SGP Financial Limited (09224030) is a UK division of the holding company SGP Capital Holding AG (CHE-496.099.622). Up until 2021, it was utilised as the banking arm for the all of the SGP Group companies and collected the fees charged by its sister companies; SGP Accountants Group Ltd (05176981), SGP CapitalNet Management Services Ltd (08353334), SGP HRPayroll Ltd (10272319) and Sovereign Global Partnership Limited (10861533). It was a transactional only company and was non-profit generating. However, with effect from 2022 and due to the group restructure, SGP Financial Ltd (09224030) ceased to be responsible for the financials and therefore no transactions have occurred during the 2022 period.

2 Statement of compliance

These

abridged financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

abridged financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

abridged financial statements

are prepared in sterling, which is the functional currency of the company.

Income Statement

The company is dormant as defined in section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or comparative year and therefore no income statement is presented within these financial statements.

Directors' emoluments

The Directors received no emoluments in respect of their services as Directors of the company. The company’s policy from 2008 and subsequent years is to provide each Executive Director with a remuneration package, which not only gives a fair degree of security by way of a base salary, but also through an annual bonus and long term incentive plan, giving a significant performance-related element. In determining the remuneration packages of Executive Directors, the Committee considers a number of factors including the basic salaries and benefits available to Executive Directors of comparable companies, the importance of recruiting and retaining management of an appropriate calibre and links reward to the Group’s performance.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2023: Nil).