Company registration number 11340672 (England and Wales)
SG TOWNHOUSE COMPANY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022
PAGES FOR FILING WITH REGISTRAR
SG TOWNHOUSE COMPANY LIMITED
COMPANY INFORMATION
Directors
Mr P D T Skinner
Mrs C P E Skinner
Company number
11340672
Registered office
The Stables
Church Farm North
School Lane
Shipley
West Sussex
RH13 8PL
Accountants
Dartnell Accounting Limited
16 Gorselands Close
West Byfleet
Surrey
KT14 6PU
SG TOWNHOUSE COMPANY LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet and notes to the financial statements
2 - 3
SG TOWNHOUSE COMPANY LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SG TOWNHOUSE COMPANY LIMITED FOR THE YEAR ENDED 31 MAY 2022
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SG Townhouse Company Limited for the year ended 31 May 2022, which comprise the balance sheet, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the board of directors of SG Townhouse Company Limited, as a body, in accordance with the terms of our engagement letter dated 27 November 2022. Our work has been undertaken solely to prepare for your approval the financial statements of SG Townhouse Company Limited and state those matters that we have agreed to state to the board of directors of SG Townhouse Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SG Townhouse Company Limited and its board of directors as a body, for our work or for this report.
It is your duty to ensure that SG Townhouse Company Limited has kept adequate accounting records and to prepare statutory financial statements that comply with the requirements of the Companies Act 2006. You consider that SG Townhouse Company Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of SG Townhouse Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Dartnell Accounting Limited
17 May 2023
Chartered Accountants
16 Gorselands Close
West Byfleet
Surrey
KT14 6PU
SG TOWNHOUSE COMPANY LIMITED
BALANCE SHEET
- 2 -
2022
2021
£
£
£
£
Fixed assets
1,111,178
1,111,178
Current assets
382,216
198,411
Prepayments and accrued income
1,482
1,395
Creditors: amounts falling due within one year
(369,933)
(221,964)
Net current assets/(liabilities)
13,765
(22,158)
Total assets less current liabilities
1,124,943
1,089,020
Creditors: amounts falling due after more than one year
(1,087,572)
(1,087,571)
Net assets
37,371
1,449
Capital and reserves
37,371
1,449
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees
At the year-end, included within other debtors is £221,486 (2021: £122,100) due from a director of the company. The loan is being charged interest at the official HMRC rate.
2
Financial commitments, guarantees and contingencies
At 31 May 2022, the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
Not later than 1 year - £7,500 (2021: £7,500)
Later than 1 year and no later than 5 years - £22,500 (2021: £30,000)
3
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2022
2021
Number
Number
Employees
2
2
SG Townhouse Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Stables, Church Farm North, School Lane, Shipley, West Sussex, RH13 8PL.
For the year ended 31 May 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
SG TOWNHOUSE COMPANY LIMITED
BALANCE SHEET (CONTINUED)
- 3 -
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.
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.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' 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 17 May 2023 and are signed on its behalf by:
Mr P D T Skinner
Director
Company registration number 11340672 (England and Wales)