SGP CORPORATE MANAGEMENT LIMITED

SGP CORPORATE MANAGEMENT LIMITED

SGP CORPMANAGEMENT LTD - Company Information

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SGP CORPORATE MANAGEMENT LIMITED

Company Registration Number:
06212082 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2018

Period of accounts

Start date: 01 January 2018

End date: 31 December 2018

SGP CORPORATE MANAGEMENT LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2018

Balance sheet
Notes

SGP CORPORATE MANAGEMENT LIMITED

Balance sheet

As at 31 December 2018


Notes
2018
2017


£
£
Fixed assets
Intangible assets:   0 0
Tangible assets: 2 14,246 16,760
Investments: 3 130,000 130,000
Total fixed assets: 144,246 146,760
Current assets
Stocks: 0 11,237
Debtors:   0 1,009
Cash at bank and in hand: 10 100
Investments:   0 0
Total current assets: 10 12,346
Creditors: amounts falling due within one year: 4 (44,152) (56,488)
Net current assets (liabilities): (44,142) (44,142)
Total assets less current liabilities: 100,104 102,618
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Total net assets (liabilities): 100,104 102,618
Capital and reserves
Called up share capital: 100,000 100,000
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 104 2,618
Shareholders funds: 100,104 102,618

The notes form part of these financial statements

SGP CORPORATE MANAGEMENT LIMITED

Balance sheet statements

For the year ending 31 December 2018 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 September 2019
and signed on behalf of the board by:

Name: Ahmed Al Zaiter
Status: Director

The notes form part of these financial statements

SGP CORPORATE MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods suppliedand services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership havetransferred to the buyer, usually on despatch of the goods; the amount of revenue can be measuredreliably; it is probable that the associated economic benefits will flow to the entity and the costs incurredor to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulateddepreciation and impairment losses.Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluationless any subsequent accumulated depreciation and subsequent accumulated impairment losses.An increase in the carrying amount of an asset as a result of a revaluation, is recognised in othercomprehensive income and accumulated in capital and reserves, except to the extent it reverses arevaluation decrease of the same asset previously recognised in profit or loss. A decrease in thecarrying amount of an asset as a result of revaluation is recognised in other comprehensive income tothe extent of any previously recognised revaluation increase accumulated in capital and reserves inrespect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gainsaccumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit orloss.Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value,over the useful economic life of that asset as follows:Fittings fixtures and equipment - 15% reducing balanceIT Equipment - 20% reducing balanceIf there is an indication that there has been a significant change in depreciation rate, useful life orresidual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Other accounting policies

StocksStocks are measured at the lower of cost and estimated selling price less costs to complete and sell.Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocksto their present location and condition.

SGP CORPORATE MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

2. Tangible Assets

Total
Cost £
At 01 January 2018 29,071
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 December 2018 29,071
Depreciation
At 01 January 2018 12,311
Charge for year 2,514
On disposals 0
Other adjustments 0
At 31 December 2018 14,825
Net book value
At 31 December 2018 14,246
At 31 December 2017 16,760

SGP CORPORATE MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

3. Fixed investments

£130,000

SGP CORPORATE MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

4. Creditors: amounts falling due within one year note

Other loans £31,955Social security £12,197