IRIS Accounts Production v24.2.0.383 09273700 Board of Directors Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh092737002023-04-30092737002024-04-30092737002023-05-012024-04-30092737002022-04-30092737002022-05-012023-04-30092737002023-04-3009273700ns15:EnglandWales2023-05-012024-04-3009273700ns14:PoundSterling2023-05-012024-04-3009273700ns10:Director12023-05-012024-04-3009273700ns10:Director22023-05-012024-04-3009273700ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3009273700ns10:SmallEntities2023-05-012024-04-3009273700ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3009273700ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3009273700ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3009273700ns10:FullAccounts2023-05-012024-04-3009273700ns10:Director32023-05-012024-04-3009273700ns10:RegisteredOffice2023-05-012024-04-3009273700ns5:CurrentFinancialInstruments2024-04-3009273700ns5:CurrentFinancialInstruments2023-04-3009273700ns5:Non-currentFinancialInstruments2024-04-3009273700ns5:Non-currentFinancialInstruments2023-04-3009273700ns5:ShareCapital2024-04-3009273700ns5:ShareCapital2023-04-3009273700ns5:SharePremium2024-04-3009273700ns5:SharePremium2023-04-3009273700ns5:RetainedEarningsAccumulatedLosses2024-04-3009273700ns5:RetainedEarningsAccumulatedLosses2023-04-3009273700ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-04-3009273700ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-04-30
REGISTERED NUMBER: 09273700 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

SSM ONE LIMITED

SSM ONE LIMITED (REGISTERED NUMBER: 09273700)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SSM ONE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr S A Boronea
Mr M Froggatt
Mr V R Toader





REGISTERED OFFICE: Hilco
84 Grosvenor Street
London
W1K 3JZ





REGISTERED NUMBER: 09273700 (England and Wales)





ACCOUNTANTS: Peter Jarman LLP
trading as
Peter Jarman & Company
1 Harbour House
Harbour Way
Shoreham by Sea
West Sussex
BN43 5HZ

SSM ONE LIMITED (REGISTERED NUMBER: 09273700)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 5,463,649 5,469,455
Prepayments and accrued income - 2,112
Cash at bank 11,333 468,244
5,474,982 5,939,811
CREDITORS
Amounts falling due within one year 5 (3,073,824 ) (6,444,675 )
NET CURRENT ASSETS/(LIABILITIES) 2,401,158 (504,864 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,401,158

(504,864

)

CREDITORS
Amounts falling due after more than one
year

6

(4,549

)

(8,639

)
NET ASSETS/(LIABILITIES) 2,396,609 (513,503 )

CAPITAL AND RESERVES
Called up share capital 28 28
Share premium 597,992 597,992
Retained earnings 1,798,589 (1,111,523 )
2,396,609 (513,503 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

SSM ONE LIMITED (REGISTERED NUMBER: 09273700)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:




Mr S A Boronea - Director



Mr V R Toader - Director


SSM ONE LIMITED (REGISTERED NUMBER: 09273700)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Ssm One 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.

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.

Turnover
Turnover represents sesrvices charged in the period, realised equity appreciation, and interest receivable on loans, excluding discounts, rebates, value added tax and other sales taxes.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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 3 (2023 - 3 ) .

4. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 2,431,286 1,667,542

SSM ONE LIMITED (REGISTERED NUMBER: 09273700)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Trade debtors 3,032,363 3,801,913

Aggregate amounts 5,463,649 5,469,455

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,090 3,989
Trade creditors 3,296 158,847
Amounts owed to group undertakings 2,261,236 6,281,839
Taxation and social security 805,202 -
3,073,824 6,444,675

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 4,549 8,639

7. SECURED DEBTS

There is a fixed and floating charge over the assets of the company by Proportunity Investor NewCo Limited. The balance due to Proportunity Investor NewCo Limited at the year end was £2,261,236 (2023: £2,237,925), and this is disclosed in group balances due in less than one year.

There is a second fixed and floating charge over the assets of the company by Huk 131 Limited.

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.