REGISTERED NUMBER: 10016904 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

SG2A DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S S Bhavra

REGISTERED OFFICE:

10-14 Bath Road

Slough

SL1 3SA

REGISTERED NUMBER:

10016904 (England and Wales)

FIXED ASSETS

Tangible assets

4

-

36,060

Investment property

5

900,000

-

900,000

36,060

CURRENT ASSETS

Stocks

-

465,562

Debtors

6

73,260

74,211

Cash at bank

73,719

44,164

146,979

583,937

CREDITORS

Amounts falling due within one year

7

128,737

12,528

NET CURRENT ASSETS

18,242

571,409

TOTAL ASSETS LESS CURRENT LIABILITIES

918,242

607,469

CREDITORS

Amounts falling due after more than one year

8

220,648

244,648

NET ASSETS

697,594

362,821

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

697,494

362,721

SHAREHOLDERS' FUNDS

697,594

362,821

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 2 December 2025 and were signed by:

S S Bhavra - Director

1.	STATUTORY INFORMATION

SG2A Developments 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.

Tangible fixed assets

Tangible assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Motor vehicles - 4 years straight line

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic Financial Instruments as covered by Section 11 of FRS 102 (Section 1A) are measured at amortised cost. The company does not have any Other Financial Instrument as covered by Section 12 of FRS 102 (Section 1A).

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 NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2024

61,790

Disposals

(61,790

)

At 28 February 2025

-

DEPRECIATION

At 1 March 2024

25,730

Charge for year

15,447

Eliminated on disposal

(41,177

)

At 28 February 2025

-

NET BOOK VALUE

At 28 February 2025

-

At 29 February 2024

36,060

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Reclassification/transfer

465,562

At 28 February 2025

465,562

DEPRECIATION

Revaluation adjustments

(434,438

)

At 28 February 2025

(434,438

)

NET BOOK VALUE

At 28 February 2025

900,000

Fair value at 28 February 2025 is represented by:

£

Cost

465,562

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

-

951

Other debtors

73,260

73,260

73,260

74,211

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Hire purchase contracts

-

9,234

Taxation and social security

125,011

2,454

Other creditors & accruals

3,726

840

128,737

12,528

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Hire purchase contracts

-

31,188

Other creditors

220,648

213,460

220,648

244,648

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

29.2.24

value:

£

£

90

Ordinary

£1

90

90

10

Ordinary A

£1

10

10

100

100

10.	RELATED PARTY DISCLOSURES

There are amounts due to related parties within other debtors. At the year end, GA&A Developments Ltd owed SG2A Developments Limited £73,260 (2024: £73,260).

There are amounts due from related parties within other creditors. At the year end, SG2A Developments Limited owed GA&A Design Limited £218,182 (2024: £210,994).

The companies are related parties due to having a common director and common ownership.

11.

CHARGES

Paragon Bank plc has a fixed charge and a floating charge that covers all the property or undertaking of SG2A Developments Limited. The charge has not been satisfied at the year end.