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REGISTERED NUMBER: 09974466 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

SS JACK LIMITED

SS JACK LIMITED (REGISTERED NUMBER: 09974466)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SS JACK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mr S N Stavrou





REGISTERED OFFICE: Solar House
First Floor
282 Chase Road
London
N14 6HA





REGISTERED NUMBER: 09974466 (England and Wales)





ACCOUNTANTS: EA
Chartered Accountants
869 High Road
London
N12 8QA

SS JACK LIMITED (REGISTERED NUMBER: 09974466)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1 1
Investment property 5 270,626 270,626
270,627 270,627

CURRENT ASSETS
Debtors 6 - 2,104
Cash at bank and in hand 2,743 6,264
2,743 8,368
CREDITORS
Amounts falling due within one year 7 19,715 13,687
NET CURRENT LIABILITIES (16,972 ) (5,319 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

253,655

265,308

CREDITORS
Amounts falling due after more than one year 8 (243,183 ) (243,183 )

PROVISIONS FOR LIABILITIES 10 (11,100 ) (11,100 )
NET (LIABILITIES)/ASSETS (628 ) 11,025

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserves 33,144 33,144
Retained earnings (33,872 ) (22,219 )
SHAREHOLDERS' FUNDS (628 ) 11,025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SS JACK LIMITED (REGISTERED NUMBER: 09974466)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 October 2024 and were signed by:





Mr S N Stavrou - Director


SS JACK LIMITED (REGISTERED NUMBER: 09974466)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

SS Jack 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 as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis as the director is satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due.

TURNOVER
Turnover represents rent receivable.

INVESTMENTS IN SUBSIDIARIES
Investment in subsidiaries are measured at cost.

INVESTMENT PROPERTY
Investment properties are carried at fair values. Revaluation surpluses are recognised in the statement of income. Deferred taxation is provided on these gains at the rate expected to apply when the properties are sold. No depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in The Financial Reporting Standard 102 (Section 1A) for small entities. The director considers that, because these properties are not held for consumption but for their investment potential, to depreciate them would not give a true and fair view and that it is necessary to adopt The Financial Reporting Standard 102 (Section 1A) for Smaller Entities in order to give a true and fair view. If this departure from the Act had not been made, the profit for the financial year would have been reduced by the amount of depreciation.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

SS JACK LIMITED (REGISTERED NUMBER: 09974466)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2023
and 31 January 2024 1
NET BOOK VALUE
At 31 January 2024 1
At 31 January 2023 1

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 270,626
NET BOOK VALUE
At 31 January 2024 270,626
At 31 January 2023 270,626

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2024 44,244
Cost 226,382
270,626

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 226,382 215,756

Investment property was valued on a fair value basis on 31 January 2024 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,604
Other debtors - 500
- 2,104

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,080 10,831
Other creditors 18,635 2,856
19,715 13,687

SS JACK LIMITED (REGISTERED NUMBER: 09974466)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 135,000 135,000
Other creditors 108,183 108,183
243,183 243,183

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs
non-installments 135,000 135,000
135,000 135,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 135,000 135,000

The bank loan is secured by a fixed and floating charge on the assets and undertakings of the company.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 11,100 11,100

Deferred
tax
£   
Balance at 1 February 2023 11,100
Balance at 31 January 2024 11,100

11. RELATED PARTY DISCLOSURES

Included in creditors, amounts falling due within one year, is an interest loan of £15,924 (2023: £1,093) due to the director of the company.

Included in creditors, amounts falling due after more than one year, is an interest free loan of £108,183 (2023: £108,183) due to Kittyco Sub 4 Ltd, a company connected by virtue of a mutual director.

12. ULTIMATE CONTROLLING PARTY

During the period under review, the company was under the control of the director, Mr S N Stavrou.