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REGISTERED NUMBER: 02721787 (England and Wales)











Financial Statements

for the Year Ended 30 June 2023

for

SSIP-EUROPE LIMITED

SSIP-EUROPE LIMITED (REGISTERED NUMBER: 02721787)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SSIP-EUROPE LIMITED

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr D E Baker
Ms C Morrison





SECRETARY: Ms C Morrison





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 02721787 (England and Wales)





ACCOUNTANTS: Conroy & Lermer
Chartered Accountants
42 Lytton Road
BARNET
EN5 5BY

SSIP-EUROPE LIMITED (REGISTERED NUMBER: 02721787)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,158 4,204

CURRENT ASSETS
Investments 5 444,660 239,500
Cash at bank 19,958 255,356
464,618 494,856
CREDITORS
Amounts falling due within one year 6 119,011 146,059
NET CURRENT ASSETS 345,607 348,797
TOTAL ASSETS LESS CURRENT
LIABILITIES

351,765

353,001

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 351,665 352,901
SHAREHOLDERS' FUNDS 351,765 353,001

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2024 and were signed on its behalf by:





Mr D E Baker - Director


SSIP-EUROPE LIMITED (REGISTERED NUMBER: 02721787)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

SSIP-Europe Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on cost
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

SSIP-EUROPE LIMITED (REGISTERED NUMBER: 02721787)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2022 - 4,875 4,875
Additions 1,750 1,742 3,492
At 30 June 2023 1,750 6,617 8,367
DEPRECIATION
At 1 July 2022 - 671 671
Charge for year 197 1,341 1,538
At 30 June 2023 197 2,012 2,209
NET BOOK VALUE
At 30 June 2023 1,553 4,605 6,158
At 30 June 2022 - 4,204 4,204

5. CURRENT ASSET INVESTMENTS
30.6.23 30.6.22
£    £   
Listed investments 444,660 239,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Directors' current accounts 116,792 143,659
Accruals and deferred income 2,219 2,400
119,011 146,059

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
51 Ordinary A £1 51 51
49 Ordinary B £1 49 49
100 100

8. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed an amount of £116,792 (2022: £143,659) to the directors. The amount is interest free and repayable on demand.