St Georges Group Ltd Filleted accounts for Companies House (small and micro)

ST GEORGES GROUP LTD - Company Information

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COMPANY REGISTRATION NUMBER: 10688883

St Georges Group Ltd

Filleted Unaudited Financial Statements

31 March 2018

St Georges Group Ltd

Statement of Financial Position

31 March 2018

	2018
Note	£

Fixed assets

Investments	4	750,000

Current assets

Debtors	5	795,931
Cash at bank and in hand		266,295
		------------
		1,062,226

Creditors: amounts falling due within one year	6	750,912
		------------
Net current assets		311,314
		------------
Total assets less current liabilities		1,061,314
		------------
Net assets		1,061,314
		------------

Capital and reserves

Called up share capital	750,000
Profit and loss account	311,314
	------------
Shareholders funds	1,061,314
	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

St Georges Group Ltd

Statement of Financial Position (continued)

31 March 2018

These financial statements were approved by the board of directors and authorised for issue on 22 November 2018 , and are signed on behalf of the board by:

Mr Natha
Director

Company registration number: 10688883

St Georges Group Ltd

Notes to the Financial Statements

Year ended 31 March 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Peter House, Oxford Street, Manchester, M1 5AN.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, Small Entities of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

4. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2017	–
Additions	750,000
	---------
At 31 March 2018	750,000
	---------
Impairment
At 1 April 2017 and 31 March 2018	–
	---------

Carrying amount
At 31 March 2018	750,000
	---------

On 31 May 2017 St Georges Group Ltd acquired 100% of the share capital of St Georges Services Ltd.

5. Debtors

	2018
	£
Other debtors	795,931
	---------

6. Creditors: amounts falling due within one year

	2018
	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	750,000
Other creditors	912
	---------
	750,912
	---------

7. Director's advances, credits and guarantees

Included within other creditors is an amount of £12 owed to the director.

8. Related party transactions

The company has taken advantage of the exemption provided in FRS 102 Section 1A from disclosing transactions with members of the same group that are wholly owned.

9. Controlling party

Mr Y Natha is the controlling party of St Georges Group Ltd by virtue of his majority shareholding.