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REGISTERED NUMBER: SC383838 (Scotland)




















SSPC Investments Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






SSPC Investments Limited (Registered number: SC383838)






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


SSPC Investments Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S G Sheridan
V J Sheridan



SECRETARY: Whitelaw Wells



REGISTERED OFFICE: 9 Ainslie place
Edinburgh
EH3 6AT



REGISTERED NUMBER: SC383838 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Bank of Scotland
Leith Walk
PO Box 17235
Edinburgh
EH11 1YH

SSPC Investments Limited (Registered number: SC383838)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 34,774 34,775

CURRENT ASSETS
Debtors 5 2,439,152 2,462,740
Cash at bank 458,386 382,526
2,897,538 2,845,266
CREDITORS
Amounts falling due within one year 6 25,167 218,605
NET CURRENT ASSETS 2,872,371 2,626,661
TOTAL ASSETS LESS CURRENT LIABILITIES 2,907,145 2,661,436

CAPITAL AND RESERVES
Called up share capital 7 4 4
Retained earnings 2,907,141 2,661,432
SHAREHOLDERS' FUNDS 2,907,145 2,661,436

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.

SSPC Investments Limited (Registered number: SC383838)

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 5 June 2024 and were signed on its behalf by:





S G Sheridan - Director


SSPC Investments Limited (Registered number: SC383838)

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

1. STATUTORY INFORMATION

SSPC Investments Limited 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.

The directors going concern assessment covers a period of at least 12 months from the date of signing of these financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

SSPC Investments Limited (Registered number: SC383838)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 January 2023 34,775
Additions 1
Disposals (2 )
At 31 December 2023 34,774
NET BOOK VALUE
At 31 December 2023 34,774
At 31 December 2022 34,775

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 138,509 -
Other debtors 2,300,643 2,462,740
2,439,152 2,462,740

SSPC Investments Limited (Registered number: SC383838)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings - 193,007
Other creditors 25,167 25,598
25,167 218,605

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
3 Ordinary A £1 3 3
1 Ordinary B £1 1 1
4 4

8. RELATED PARTY DISCLOSURES

DIVIDENDS

During the year dividends of £173,000 (2022: £149,000) were paid to the shareholders.