Registered number
15034347
SSR Property Management Limited
Filleted Accounts
31 July 2024
SSR Property Management Limited
Registered number: 15034347
Balance Sheet
as at 31 July 2024
Notes 2024
£
Fixed assets
Tangible assets 3 110,960
Creditors: amounts falling due within one year 4 (99,490)
Net current liabilities (99,490)
Total assets less current liabilities 11,470
Provisions for liabilities (4,703)
Net assets 6,767
Capital and reserves
Called up share capital 1
Profit and loss account 6,766
Shareholders' funds 6,767
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sajith Herath Mudiyanjelaye
Director
Approved by the board on 19 September 2024
SSR Property Management Limited
Notes to the Accounts
for the period from 28 July 2023 to 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable for rental income.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investment Properties are properties, which are held either to earn rental income or for capital appreciation or for both. Investment properties are recognised initially at cost.Subsequently it is measured at fair value at the reprorting date.The surplus or deficit on revaluation is recognised in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024
Number
Average number of persons employed by the company 0
3 Tangible fixed assets
Land and buildings Fixtures & Fittings Total
£ £ £
Cost
Additions 85,246 1,200 86,446
Surplus on revaluation 24,754 - 24,754
At 31 July 2024 110,000 1,200 111,200
Depreciation
Charge for the period - 240 240
At 31 July 2024 - 240 240
Net book value
At 31 July 2024 110,000 960 110,960
The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 July 2024 by the director.The valuation was made on an open market basis by reference to market evidence of transaction prices for similar properties
4 Creditors: amounts falling due within one year 2024
£
Other creditors 99,490
5 Other information
SSR Property Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
10 Buttermere Close
Feltham
Middlesex
TW14 9QN
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