SGD Management Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: SC700503

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,425		-

			3,425		-
CURRENT ASSETS
Debtors	5	10,828,427		3,637,948
Cash at bank and in hand		26,376		6,473

		10,854,803		3,644,421
Creditors: Amounts Falling Due Within One Year	6	(10,855,867 )		(3,644,419 )

NET CURRENT ASSETS (LIABILITIES)			(1,064 )		2

TOTAL ASSETS LESS CURRENT LIABILITIES			2,361		2

NET ASSETS			2,361		2

CAPITAL AND RESERVES
Called up share capital	7		3		3
Profit and Loss Account			2,358		(1 )

SHAREHOLDERS' FUNDS			2,361		2

Page 1

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SGD Management Limited

Balance Sheet (continued)

As At 31 March 2025

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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Dildar Singh Gold

Director

15 December 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

SGD Management Limited is a private company, limited by shares, incorporated in Scotland, registered number SC700503 . The registered office is C/O Gilson Gray LLP, 160 West George Street, Glasgow, G2 2HG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

10%

3. Average Number of Employees

Average number of employees, including directors, during the year was: 285 (2024: 215)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 April 2024	-
Additions	3,525

As at 31 March 2025	3,525

...CONTINUED

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SGD Management Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Depreciation
As at 1 April 2024	-
Provided during the period	100

As at 31 March 2025	100

Net Book Value
As at 31 March 2025	3,425

As at 1 April 2024	-

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	10,828,427	3,637,948

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	64,081	73,703
Other creditors	10,425,462	2,502,276
Taxation and social security	366,324	1,068,440

	10,855,867	3,644,419

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	3	3

8. Related Party Transactions

Other debtors include an amount of £2,495,870 due from GL Attractions Ltd, £674,808 due from John Morrison (Highland Outfitters) Ltd and £242,356 due from TWM (Scotland) Ltd. Companies in which the directors have a material interest as shareholders and directors.

Other creditors include an amount of £9,754,134 due to Gold Brothers Group Ltd, a company in which the directors have a material interest as shareholders and directors and a sum of £60,000 owed by the Firm of Gold Brothers in which the directors are partners.

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