SSBP Properties Limited Filleted Accounts Cover
SSBP Properties Limited
Company No. 11795056
Information for Filing with The Registrar
31 January 2024
SSBP Properties Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 January 2024.
Principal activities
The principal activity of the company during the year under review was that of investment properties.
Directors
The Directors who served at any time during the year were as follows:
B. Baburajendraprasad
S. Sasikumar
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
B. Baburajendraprasad
Director
17 October 2024
SSBP Properties Limited Balance Sheet Registrar
at
31 January 2024
Company No.
11795056
Notes
2024
2023
£
£
Fixed assets
Investment property
4
324,827324,827
324,827324,827
Current assets
Cash at bank and in hand
9,7817,405
9,7817,405
Creditors: Amount falling due within one year
5
(89,587)
(89,587)
Net current liabilities
(79,806)
(82,182)
Total assets less current liabilities
245,021242,645
Creditors: Amounts falling due after more than one year
6
(246,490)
(246,490)
Net liabilities
(1,469)
(3,845)
Capital and reserves
Called up share capital
22
Profit and loss account
8
(1,471)
(3,847)
Total equity
(1,469)
(3,845)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 17 October 2024 and signed on its behalf by:
S. Sasikumar
Director
17 October 2024
SSBP Properties Limited Notes to the Accounts Registrar
for the year ended 31 January 2024
1
General information
SSBP Properties Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 11795056
Its registered office is:
19 Keswick Gardens
Ilford
IG4 5NF
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Specifically, revenue from the rental income is recognised when received.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Investment property
Freehold Investment Property
£
Valuation
At 1 February 2023
324,827
At 31 January 2024
324,827
5
Creditors:
amounts falling due within one year
2024
2023
£
£
Loans from directors
88,83788,837
Accruals and deferred income
750750
89,58789,587
6
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
246,490246,490
246,490246,490
7
Share Capital
2 Ordinary shares of £1 each fully paid
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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