Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31false2022-11-01Property investment11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13358676 2022-11-01 2023-10-31 13358676 2021-11-01 2022-10-31 13358676 2023-10-31 13358676 2022-10-31 13358676 2021-11-01 13358676 c:Director1 2022-11-01 2023-10-31 13358676 d:FreeholdInvestmentProperty 2023-10-31 13358676 d:FreeholdInvestmentProperty 2022-10-31 13358676 d:CurrentFinancialInstruments 2023-10-31 13358676 d:CurrentFinancialInstruments 2022-10-31 13358676 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 13358676 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 13358676 d:ShareCapital 2022-11-01 2023-10-31 13358676 d:ShareCapital 2023-10-31 13358676 d:ShareCapital 2021-11-01 2022-10-31 13358676 d:ShareCapital 2022-10-31 13358676 d:ShareCapital 2021-11-01 13358676 d:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 13358676 d:RetainedEarningsAccumulatedLosses 2023-10-31 13358676 d:RetainedEarningsAccumulatedLosses 2021-11-01 2022-10-31 13358676 d:RetainedEarningsAccumulatedLosses 2022-10-31 13358676 d:RetainedEarningsAccumulatedLosses 2021-11-01 13358676 c:FRS102 2022-11-01 2023-10-31 13358676 c:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 13358676 c:FullAccounts 2022-11-01 2023-10-31 13358676 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 13358676 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 13358676










SSN INC LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

 
SSN INC LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SSN INC LIMITED
FOR THE YEAR ENDED 31 OCTOBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SSN Inc Limited for the year ended 31 October 2023 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given to us.
 

This report is made solely to the director of SSN Inc Limited in accordance with the terms of our agreement. Our work has been undertaken solely to prepare for your approval the financial statements of SSN Inc Limited and state those matters that we have agreed to state to him in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SSN Inc Limited and its  director for our work or for this report.
 
 
It is your duty to ensure that SSN Inc Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and profit. You consider that SSN Inc Limited is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of SSN Inc 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.







Shipleys Tax Planning
 

30 July 2024
Page 1

 
SSN INC LIMITED
REGISTERED NUMBER: 13358676

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
679,863
679,863

  
679,863
679,863

Current assets
  

Debtors: amounts falling due within one year
 5 
1
1

Cash at bank and in hand
 6 
66,465
19,862

  
66,466
19,863

Creditors: amounts falling due within one year
 7 
(662,971)
(660,662)

Net current liabilities
  
 
 
(596,505)
 
 
(640,799)

Total assets less current liabilities
  
83,358
39,064

  

Net assets
  
83,358
39,064


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
83,357
39,063

  
83,358
39,064


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 July 2024.






Page 2

 
SSN INC LIMITED
REGISTERED NUMBER: 13358676

BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

Nabil Choudhury
Director

The notes on pages 6 to 9 form part of these financial statements.

Page 3

 
SSN INC LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 November 2022
1
39,063
39,064


Comprehensive income for the year

Profit for the year

-
44,294
44,294


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
44,294
44,294


Total transactions with owners
-
-
-


At 31 October 2023
1
83,357
83,358


The notes on pages 6 to 9 form part of these financial statements.

Page 4

 
SSN INC LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2022


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 November 2021
1
(510)
(509)


Comprehensive income for the year

Profit for the year

-
39,573
39,573


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
39,573
39,573


Total transactions with owners
-
-
-


At 31 October 2022
1
39,063
39,064


The notes on pages 6 to 9 form part of these financial statements.

Page 5

 
SSN INC LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

SSN Inc Limited is a company domiciled in England and Wales, company number 13358676. The registered office address is Wharf House, Victoria Quays, Wharf Street, Sheffield, S2 5SY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 6

 
SSN INC LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including the director, during the year was as follows:


        2023
        2022
            No.
            No.







Administration
1
1

Page 7

 
SSN INC LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Investment property


Freehold investment property

£



Valuation


At 1 November 2022
679,863



At 31 October 2023
679,863

The 2023 valuations were made by the director, on an open market value for existing use basis.



At 31 October 2023



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:




5.


Debtors

2023
2022
£
£


Other debtors
1
1

1
1



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
66,465
19,862

66,465
19,862


Page 8

 
SSN INC LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
480
-

Corporation tax
10,691
9,282

Other creditors
650,000
650,000

Accruals and deferred income
1,800
1,380

662,971
660,662



Page 9