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REGISTERED NUMBER: SC652149 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

SSES Holdings Ltd

SSES Holdings Ltd (Registered number: SC652149)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SSES Holdings Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S J Graham
Mrs S Graham
Ms E Graham
S Graham





SECRETARY:





REGISTERED OFFICE: Unit 1
82 Muir Street
Hamilton
ML3 6BJ





REGISTERED NUMBER: SC652149 (Scotland)





ACCOUNTANTS: Accountants Plus
Chartered Certified Accountants
Unit 1 Cadzow Park
82 Muir Street
Hamilton
ML3 6BJ

SSES Holdings Ltd (Registered number: SC652149)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,222 -
Investments 5 697,632 642,204
698,854 642,204

CURRENT ASSETS
Debtors 6 43,750 302,519
Cash at bank 796,707 511,105
840,457 813,624
CREDITORS
Amounts falling due within one year 7 21,266 14,871
NET CURRENT ASSETS 819,191 798,753
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,518,045

1,440,957

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,517,945 1,440,857
1,518,045 1,440,957

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

SSES Holdings Ltd (Registered number: SC652149)

Balance Sheet - continued
31 December 2023


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 31 July 2024 and were signed on its behalf by:





S J Graham - Director


SSES Holdings Ltd (Registered number: SC652149)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

SSES Holdings Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

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

Investments in associates
Investments in associate undertakings are recognised at cost.

Financial instruments
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.

Creditors
Short term creditors are measured at transaction price, less any impairment. 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.

Cash and bank balances
Cash and bank balances are measured at the transaction price.

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.


SSES Holdings Ltd (Registered number: SC652149)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 4 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 1,629
At 31 December 2023 1,629
DEPRECIATION
Charge for year 407
At 31 December 2023 407
NET BOOK VALUE
At 31 December 2023 1,222

SSES Holdings Ltd (Registered number: SC652149)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. FIXED ASSET INVESTMENTS
Interest
in Other
associate investments Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 1 642,203 642,204
Revaluations - 48,040 48,040
Dividends received - 7,388 7,388
At 31 December 2023 1 697,631 697,632
NET BOOK VALUE
At 31 December 2023 1 697,631 697,632
At 31 December 2022 1 642,203 642,204

Cost or valuation at 31 December 2023 is represented by:

Interest
in Other
associate investments Totals
£    £    £   
Valuation in 2021 - 4,381 4,381
Valuation in 2022 - (112,178 ) (112,178 )
Cost 1 - 1
1 (107,797 ) (107,796 )

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
LISTED INVESTMENTS

'COST' ACCOUNT TOTAL
Cost/valuation b/f 642,203
Revaluations 48,040
Dividends received 7,388
697,631

CLIENT SCREEN TOTAL = -


SSES Holdings Ltd (Registered number: SC652149)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. FIXED ASSET INVESTMENTS - continued

If fixed asset investments had not been revalued they would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 750,000 750,000

Fixed asset investments were valued on an open market basis on 31 December 2022 by Quilter Cheviot .

6. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Amounts owed by associates - 171,269
Other debtors 43,750 87,500
43,750 258,769

Amounts falling due after more than one year:
Other debtors - 43,750

Aggregate amounts 43,750 302,519

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Tax (57 ) (57 )
Directors' current accounts 19,103 14,103
Accrued expenses 2,220 825
21,266 14,871

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Interest free loan (from)/to directors, no particular terms of repayment.