REGISTERED NUMBER: 13278686 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2024

for

AG Sunderland Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr G K Grover

REGISTERED OFFICE:

C/O Ag Hotels Group, Camelford House

3rd Floor, 87-90 Albert Embankment

Vauxhall

London

SE1 7TP

REGISTERED NUMBER:

13278686 (England and Wales)

ACCOUNTANTS:

Dhillon Accountants Limited

Chartered Accountants

Office 1

21 Hatherton Street

Walsall

WS4 2LA

FIXED ASSETS

Tangible assets

4

1,411,546

1,371,263

CURRENT ASSETS

Debtors

5

1,014,462

100,850

Cash at bank

53,152

61,197

1,067,614

162,047

CREDITORS

Amounts falling due within one year

6

(293,991

)

(290,270

)

NET CURRENT ASSETS/(LIABILITIES)

773,623

(128,223

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,185,169

1,243,040

CREDITORS

Amounts falling due after more than one year

7

(181,605

)

(397,854

)

NET ASSETS

2,003,564

845,186

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,003,464

845,086

SHAREHOLDERS' FUNDS

2,003,564

845,186

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 28 October 2025 and were signed by:

Mr G K Grover - Director

1.	STATUTORY INFORMATION

AG Sunderland 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its

estimated useful life.

Fixtures and fittings - 25% on reducing balance

Computer equipment - 25% on reducing balance

Land and building - 1% on cost

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 August 2023

1,352,744

52,971

1,405,715

Additions

15,702

53,530

69,232

At 31 July 2024

1,368,446

106,501

1,474,947

DEPRECIATION

At 1 August 2023

20,246

14,206

34,452

Charge for year

13,909

15,040

28,949

At 31 July 2024

34,155

29,246

63,401

NET BOOK VALUE

At 31 July 2024

1,334,291

77,255

1,411,546

At 31 July 2023

1,332,498

38,765

1,371,263

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.24

31.7.23

£

£

Trade debtors

6,661

2,201

Amounts owed by group undertakings

899,717

35,971

Other debtors

108,084

62,678

1,014,462

100,850

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.24

31.7.23

£

£

Trade creditors

20,559

30,824

Amounts owed to group undertakings

109,191

129,730

Taxation and social security

157,601

110,806

Other creditors

6,640

18,910

293,991

290,270

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.24

31.7.23

£

£

Other creditors

181,605

397,854

8.	RELATED PARTY DISCLOSURES

AG Propinvest Ltd

As of 31 July 2024, the company owed £561.30 (2023 - £126.51) to AG Propinvest Ltd. Mr Girish Grover is a director of AG Propinvest Ltd. The loan is interest free and is repayable on demand.

Turnit Ltd

As of 31 July 2024, the company owed £2,400 (2023 - Nil) to Turnit Ltd. Mr Girish Grover is a director of Turnit Ltd. The loan is interest free and is repayable on demand.

AG Hospitality Services Ltd

As of 31 July 2024, due £94,770.14 (2023 - £22,292.53) from AG Hospitality Services Ltd. Mr Girish Grover is a director of AG Hospitality Services Ltd. The loan is interest free and is repayable on demand.

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.