Company Registration No. 13241290 (England and Wales)
SBSG Limited
Unaudited accounts
for the year ended 31 March 2025
SBSG Limited
Unaudited accounts
Contents
SBSG Limited
Company Information
for the year ended 31 March 2025
Directors
B M Cowen
H G Cowen
P D Cowen
A F Cowen
Company Number
13241290 (England and Wales)
Registered Office
Churchill House
137-139 Brent Street
London
NW4 4DJ
Accountants
Clearfin Accountants Limited
Churchill House
137-139 Brent Street
London
NW4 4DJ
SBSG Limited
Statement of financial position
as at 31 March 2025
Investment property
550,954
550,954
Cash at bank and in hand
43,603
24,136
Creditors: amounts falling due within one year
(546,300)
(545,089)
Net current liabilities
(501,840)
(519,747)
Called up share capital
100
100
Profit and loss account
49,014
31,107
Shareholders' funds
49,114
31,207
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2025 and were signed on its behalf by
P D Cowen
Director
Company Registration No. 13241290
SBSG Limited
Notes to the Accounts
for the year ended 31 March 2025
SBSG Limited is a private company, limited by shares, registered in England and Wales, registration number 13241290. The registered office is Churchill House, 137-139 Brent Street, London, NW4 4DJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents rents receivable and is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 April 2024
550,954
The investment properties were valued by the directors on an open market for existing use basis.
Amounts falling due within one year
Accrued income and prepayments
857
1,206
SBSG Limited
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
4,200
4,500
Other creditors
336,785
336,785
Loans from directors
204,415
202,904
7
Average number of employees
During the year the average number of employees was 4 (2024: 4).