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REGISTERED NUMBER: 09723975 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2023

FOR


SSQURE PROPERTIES LIMITED


SSQURE PROPERTIES LIMITED (REGISTERED NUMBER: 09723975)







CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2023





Page



Company Information  

1



Balance Sheet  

2



Notes to the Financial Statements  

3




SSQURE PROPERTIES LIMITED


COMPANY INFORMATION

FOR THE YEAR ENDED 31ST OCTOBER 2023









DIRECTORS:

Q Abdul


Mrs S M Abdul







REGISTERED OFFICE:

Owler Carr Mill


Bacup Road


Todmorden


OL14 7HL







REGISTERED NUMBER:

09723975 (England and Wales)







ACCOUNTANTS:

Cresswells


12 Market Street


Hebden Bridge


West Yorkshire


HX7 6AD


SSQURE PROPERTIES LIMITED (REGISTERED NUMBER: 09723975)


BALANCE SHEET

31ST OCTOBER 2023



2023

2022



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

17,134


21,934



Investment property

5

900,000


563,210



917,134


585,144




CURRENT ASSETS

Debtors

6

-


1,402



Cash at bank

5,329


85,450



5,329


86,852



CREDITORS

Amounts falling due within one year

7

610,854


506,266



NET CURRENT LIABILITIES

(605,525

)

(419,414

)


TOTAL ASSETS LESS CURRENT

LIABILITIES

311,609


165,730




PROVISIONS FOR LIABILITIES

8

54,483


17,131



NET ASSETS

257,126


148,599




CAPITAL AND RESERVES

Called up share capital

9

1


1



Fair value reserve

10

160,274


44,620



Retained earnings

10

96,851


103,978



SHAREHOLDERS' FUNDS

257,126


148,599




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2023.  


The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 26th July 2024 and were signed on its behalf by:





Q Abdul - Director



SSQURE PROPERTIES LIMITED (REGISTERED NUMBER: 09723975)


NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2023


1.

STATUTORY INFORMATION



SSQURE Properties 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 as modified by the revaluation of certain assets.    



Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.


Tangible fixed assets


Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.  



Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.


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.


Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.

EMPLOYEES AND DIRECTORS



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


SSQURE PROPERTIES LIMITED (REGISTERED NUMBER: 09723975)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST OCTOBER 2023


4.

TANGIBLE FIXED ASSETS


Plant and


Motor



machinery


vehicles


Totals

£   

£   

£   



COST


At 1st November 2022


and 31st October 2023

2,000


22,000


24,000




DEPRECIATION


At 1st November 2022

233


1,833


2,066




Charge for year

400


4,400


4,800




At 31st October 2023

633


6,233


6,866




NET BOOK VALUE


At 31st October 2023

1,367


15,767


17,134




At 31st October 2022

1,767


20,167


21,934




5.

INVESTMENT PROPERTY


Total

£   



FAIR VALUE


At 1st November 2022

563,210




Additions

182,585




Revaluations

154,205




At 31st October 2023

900,000




NET BOOK VALUE


At 31st October 2023

900,000




At 31st October 2022

563,210





Fair value at 31st October 2023 is represented by:

£   



Valuation in 2023

900,000





If investment properties had not been revalued they would have been included at the following historical cost:


2023

2022


£   

£   



Cost

689,527


461,942





Investment properties were valued on open market basis on 31st October 2023 by the director .


6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2023

2022


£   

£   



Prepayments and accrued income

-


1,402




SSQURE PROPERTIES LIMITED (REGISTERED NUMBER: 09723975)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST OCTOBER 2023


7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2023

2022


£   

£   



Bank loans and overdrafts

85,000


-




Tax

3,864


4,672




VAT

136


-




Directors' current accounts

511,044


491,019




Accrued expenses

10,810


10,575



610,854


506,266




8.

PROVISIONS FOR LIABILITIES

2023

2022


£   

£   



Deferred tax

54,483


17,131





Deferred



tax


£   



Balance at 1st November 2022

17,131




Provided during year

37,352




Balance at 31st October 2023

54,483




9.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

2023

2022



value:

£   

£   



1

Ordinary

£1

1


1




10.

RESERVES


Fair



Retained


value



earnings


reserve


Totals

£   

£   

£   




At 1st November 2022

103,978


44,620


148,598




Deficit for the year

(25,678

)

(25,678

)



Dividends

(20,000

)

(20,000

)



Fair value adjustment

-


154,205


154,205




Realised

38,551


(38,551

)

-




At 31st October 2023

96,851


160,274


257,125




11.

RELATED PARTY DISCLOSURES



During the year the director charged the company no interest (2022 -  £8,000).