Company registration number 15732752 (England and Wales)
SGM PROPERTY & HOSPITALITY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
SGM PROPERTY & HOSPITALITY LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
SGM PROPERTY & HOSPITALITY LTD
BALANCE SHEET
AS AT
31 MAY 2025
31 May 2025
- 1 -
2025
Notes
£
£
Fixed assets
Tangible assets
3
1,083,569
Current assets
Stocks
15,000
Debtors
4
89,418
Cash at bank and in hand
17,693
122,111
Creditors: amounts falling due within one year
5
(974,294)
Net current liabilities
(852,183)
Total assets less current liabilities
231,386
Creditors: amounts falling due after more than one year
6
(231,200)
Net assets
186
Capital and reserves
Called up share capital
7
3
Profit and loss reserves
183
Total equity
186

For the financial period ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 14 April 2026 and are signed on its behalf by:
Mr S J Perham
Director
Company registration number 15732752 (England and Wales)
SGM PROPERTY & HOSPITALITY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2025
- 2 -
1
Accounting policies
Company information

SGM Property & Hospitality Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Sam House, Ynyswen Road, Treorchy, Rhondda Cynon Taf, United Kingdom, CF42 6EG.

1.1
Reporting period

This is the company's first period and therefore the financial statements are for the period since incorporation instead of 12 months. This is also the reason why there are no comparatives.

1.2
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.5
Tangible fixed assets

Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.

SGM PROPERTY & HOSPITALITY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 3 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
not depreciated
Leasehold improvements
2% straight Line
Fixtures and fittings
25% reducing balance
1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
Number
Total
4
SGM PROPERTY & HOSPITALITY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MAY 2025
- 4 -
3
Tangible fixed assets
Freehold land and buildings
Leasehold improvements
Fixtures and fittings
Total
£
£
£
£
Cost
At 21 May 2024
-
0
-
0
-
0
-
0
Additions
186,555
480,014
417,000
1,083,569
At 31 May 2025
186,555
480,014
417,000
1,083,569
Depreciation and impairment
At 21 May 2024 and 31 May 2025
-
0
-
0
-
0
-
0
Carrying amount
At 31 May 2025
186,555
480,014
417,000
1,083,569
4
Debtors
2025
Amounts falling due within one year:
£
Other debtors
89,418
5
Creditors: amounts falling due within one year
2025
£
Trade creditors
11,026
Taxation and social security
1,348
Other creditors
961,920
974,294
6
Creditors: amounts falling due after more than one year
2025
£
Other creditors
231,200
7
Called up share capital
2025
2025
Ordinary share capital
Number
£
Issued and fully paid
Ordinary of £1 each
3
3

During the period 3 shares of £1 each were issued at par.

SGM PROPERTY & HOSPITALITY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MAY 2025
- 5 -
8
Related party transactions

During the year the company contracted with a company related through common director. The company provided services totalling £834,969 of which £85,724 was outstanding at the year end. The company also owes £144,370 to a company related by common Directors.

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