1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-24 Sage Accounts Production Advanced 2023 - FRS102_2023 8,400 1,050 9,450 6,980 618 7,598 1,852 1,420 xbrli:pure xbrli:shares iso4217:GBP 06969987 2023-07-24 2024-07-22 06969987 2024-07-22 06969987 2023-07-23 06969987 2022-07-26 2023-07-23 06969987 2023-07-23 06969987 2022-07-25 06969987 bus:Director1 2023-07-24 2024-07-22 06969987 core:WithinOneYear 2024-07-22 06969987 core:WithinOneYear 2023-07-23 06969987 core:AfterOneYear 2024-07-22 06969987 core:AfterOneYear 2023-07-23 06969987 core:UKTax 2023-07-24 2024-07-22 06969987 core:UKTax 2022-07-26 2023-07-23 06969987 core:ShareCapital 2024-07-22 06969987 core:ShareCapital 2023-07-23 06969987 core:RetainedEarningsAccumulatedLosses 2024-07-22 06969987 core:RetainedEarningsAccumulatedLosses 2023-07-23 06969987 bus:SmallEntities 2023-07-24 2024-07-22 06969987 bus:AuditExemptWithAccountantsReport 2023-07-24 2024-07-22 06969987 bus:SmallCompaniesRegimeForAccounts 2023-07-24 2024-07-22 06969987 bus:PrivateLimitedCompanyLtd 2023-07-24 2024-07-22 06969987 bus:FullAccounts 2023-07-24 2024-07-22 06969987 core:ComputerEquipment 2023-07-24 2024-07-22 06969987 core:ComputerEquipment 2023-07-23 06969987 core:ComputerEquipment 2024-07-22
COMPANY REGISTRATION NUMBER: 06969987

SPG MANAGEMENT (UK) LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED

22 July 2024

SPG MANAGEMENT (UK) LTD

FINANCIAL STATEMENTS

YEAR ENDED 22 JULY 2024

CONTENTS | PAGES

Statement of financial position | 1 to 2

Notes to the financial statements | 3 to 5

SPG MANAGEMENT (UK) LTD

STATEMENT OF FINANCIAL POSITION

22 July 2024

| 2024 | 2023
Note | £ | £ | £ | £

FIXED ASSETS

Tangible assets | 6 |  | 1,852 |  | 1,420

CURRENT ASSETS

Debtors | 7 | 451,966 |  | 513,782 |
Cash at bank and in hand | 1,561 |  | 460 |
| --------- |  | --------- |
| 453,527 |  | 514,242 |

CREDITORS: amounts falling due within one year | 8 | ( 425,646) |  | ( 483,877) |
| --------- |  | --------- |
NET CURRENT ASSETS |  | 27,881 |  | 30,365
|  | -------- |  | --------
TOTAL ASSETS LESS CURRENT LIABILITIES |  | 29,733 |  | 31,785

CREDITORS: amounts falling due after more than one year | 9 |  | ( 17,260) |  | ( 16,934)

PROVISIONS

Taxation including deferred tax |  | ( 463) |  | ( 270)
|  | -------- |  | --------
NET ASSETS |  | 12,010 |  | 14,581
|  | -------- |  | --------

CAPITAL AND RESERVES

Called up share capital |  | 100 |  | 100
Profit and loss account |  | 11,910 |  | 14,481
|  | -------- |  | --------
SHAREHOLDER FUNDS |  | 12,010 |  | 14,581
|  | -------- |  | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 22 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

SPG MANAGEMENT (UK) LTD

STATEMENT OF FINANCIAL POSITION (continued)

22 July 2024
These financial statements were approved by the board of directors and authorised for issue on 7 October 2025 , and are signed on behalf of the board by:

S P Graham |
Director |

Company registration number: 06969987

SPG MANAGEMENT (UK) LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 22 JULY 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 51 Selby Road, Leeds, LS9 0EW.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of services supplied during the year.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation to date.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Computer equipment | - | 25% reducing balance

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 1 (2023: 2 ).
5. TAX ON (LOSS)/PROFIT
Major components of tax (income)/expense

|  | Period from
| Year to | 26 Jul 22 to
| 22 Jul 24 | 23 Jul 23
| £ | £

Current tax:

UK current tax expense | – | 458
Adjustments in respect of prior periods | 5 | –
Corporation tax refund | ( 207) | –
| ---- | ----
Total current tax | ( 202) | 458
| ---- | ----

Deferred tax:

Origination and reversal of timing differences | 193 | ( 90)
| ---- | ----
Tax on (loss)/profit | ( 9) | 368
| ---- | ----

6. TANGIBLE ASSETS

| Computer equipment | Total
| £ | £
Cost |  |
At 24 July 2023 | 8,400 | 8,400
Additions | 1,050 | 1,050
| ------- | -------
At 22 July 2024 | 9,450 | 9,450
| ------- | -------
Depreciation |  |
At 24 July 2023 | 6,980 | 6,980
Charge for the year | 618 | 618
| ------- | -------
At 22 July 2024 | 7,598 | 7,598
| ------- | -------
Carrying amount |  |
At 22 July 2024 | 1,852 | 1,852
| ------- | -------
At 23 July 2023 | 1,420 | 1,420
| ------- | -------

7. DEBTORS

| 2024 | 2023
| £ | £
Trade debtors | 179,981 | 287,216
Other debtors | 271,985 | 226,566
| --------- | ---------
| 451,966 | 513,782
| --------- | ---------

8. CREDITORS: amounts falling due within one year

| 2024 | 2023
| £ | £
Bank loans and overdrafts | 9,000 | 9,000
Trade creditors | 2,142 | 102,842
Corporation tax | 250 | 1,150
Social security and other taxes | 770 | 27,958
Amounts due to related companies | 408,689 | 336,071
Other creditors | 4,795 | 6,856
| --------- | ---------
| 425,646 | 483,877
| --------- | ---------

9. CREDITORS: amounts falling due after more than one year

| 2024 | 2023
| £ | £
Bank loans and overdrafts | 17,260 | 16,934
| -------- | --------