S S Holdings Limited 05603972 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is that of a holding company Digita Accounts Production Advanced 6.30.9574.0 true true false true 05603972 2022-12-01 2023-11-30 05603972 2023-11-30 05603972 core:CurrentFinancialInstruments 2023-11-30 05603972 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 05603972 bus:SmallEntities 2022-12-01 2023-11-30 05603972 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 05603972 bus:FullAccounts 2022-12-01 2023-11-30 05603972 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 05603972 bus:RegisteredOffice 2022-12-01 2023-11-30 05603972 bus:CompanySecretaryDirector1 2022-12-01 2023-11-30 05603972 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 05603972 core:OtherRelatedParties 2022-12-01 2023-11-30 05603972 core:Subsidiary1 2022-12-01 2023-11-30 05603972 core:Subsidiary1 countries:AllCountries 2022-12-01 2023-11-30 05603972 countries:EnglandWales 2022-12-01 2023-11-30 05603972 2022-11-30 05603972 2021-12-01 2022-11-30 05603972 2022-11-30 05603972 core:CurrentFinancialInstruments 2022-11-30 05603972 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 05603972 core:Subsidiary1 2021-12-01 2022-11-30 iso4217:GBP xbrli:pure

Registration number: 05603972

Prepared for the registrar

S S Holdings Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2023

 

S S Holdings Limited

(Registration number: 05603972)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

221,582

221,582

Investments

5

100

100

 

221,682

221,682

Current assets

 

Debtors

6

69,848

99,880

Cash at bank and in hand

 

191,555

103,191

 

261,403

203,071

Creditors: Amounts falling due within one year

7

(17,482)

(13,649)

Net current assets

 

243,921

189,422

Net assets

 

465,603

411,104

Capital and reserves

 

Called up share capital

200

200

Profit and loss account

465,403

410,904

Shareholders' funds

 

465,603

411,104

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 30 August 2024 and signed on its behalf by:
 


M Priest
Company secretary and director

 

S S Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

 

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Oil Croft Orchard
Main Road
Bredon
Tewkesbury
Gloucestershire
GL20 7LX

 

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Going concern

After reviewing the company's current forecasts and projections, together with the facilities available to the company, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for rent in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for the company's activities.

Tax

The tax expense for the period comprises current corporation tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

 

S S Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments


Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
 

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

 

4

Investment properties

2023
£

At 1 December 2022 and at 30 November 2023

221,582

At 30 November 2023, the investment property was valued by the directors on an open market basis.

There has been no valuation of investment property by an independent valuer.

 

S S Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

 

5

Investments

2023
£

2022
£

Investments in subsidiaries

100

100

Subsidiaries

£

Cost and carrying amount

At 1 December 2022 and at 30 November 2023

100

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

Stanway Screens Limited

Oilcroft Orchard, Bredon,
GL20 7LX

Ordinary

100%

100%

 

England and Wales

     

Subsidiary undertakings

Stanway Screens Limited

The principal activity of Stanway Screens Limited is manufacturing.

 

6

Debtors

Note

2023
 £

2022
 £

Amounts owed by related parties

8

69,748

99,780

Other debtors

 

100

100

 

69,848

99,880

 

7

Creditors

Note

2023
 £

2022
 £

Due within one year

 

Amounts due to related parties

8

1,356

-

Corporation tax liability

16,126

13,649

 

17,482

13,649

 

S S Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

 

8

Related party transactions

Summary of transactions with other related parties

At 30 November 2023, the company was owed £69,748 (2022: £99,780) by Stanway Screens Limited, its wholly owned subsidiary. No interest was charged on these balances, and there are no fixed repayment terms.

At 30 November 2023, the company owed £1,356 (2022: £nil) to Stanway Real Estate Limited, a company under common control. No interest was charged on these balances, and there are no fixed repayment terms.