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Registered Number: 08532795
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 May 2024

for

SS & M PROPERTIES LIMITED

Directors Mr S J Carter
Mr M G Dawes
Registered Number 08532795
Registered Office Montana House
130 High Street
Honiton
Devon
EX14 1JP
Accountants H M Williams Chartered Certified Accountants
5 Sandy Court
Ashleigh Way
Plymouth
PL7 5JX
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 31 May 2024
Principal activities
The principal activity of the company in the year under review was that of a property holding company.
Directors
The directors who have held office during the whole of the year were as follows:
Mr S J Carter
Mr M G Dawes
Statement of directors' responsibilities
The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
Mr S J Carter
Director

Date approved: 29 October 2024
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Investments 3 200,000    200,000 
200,000    200,000 
Current assets      
Cash at bank and in hand 2,593    3,451 
Creditors: amount falling due within one year 4 (14,067)   (13,412)
Net current assets (11,474)   (9,961)
 
Total assets less current liabilities 188,526    190,039 
Creditors: amount falling due after more than one year 5 (91,037)   (101,910)
Provisions for liabilities 6 (6,846)   (6,846)
Net assets 90,643    81,283 
 

Capital and reserves
     
Called up share capital 12    12 
Profit and loss account 90,631    81,271 
Shareholders' funds 90,643    81,283 
 


For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 29 October 2024 and were signed on its behalf by:


-------------------------------
Mr S J Carter
Director
3
General Information
SS & M Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 08532795, registration address Montana House, 130 High Street, Honiton, Devon, EX14 1JP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
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 balance sheet date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 June 2023 200,000    200,000 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 31 May 2024 200,000    200,000 
Investment property
Investment property is shown at the most recent valuation.  Any aggregate surplus or deficits arising from changes in the market value are recognised in the profit or loss.

Investment properties have been valued as at 31st May 2024 on the basis of their open market vale with vacant possession by the director Mr M G Dawes.

Fair value as at 31 May 2024 is represented by:
  2022
£
Valuation in 2022 36,029 
Cost 163,971 
Total 200,000 

4.

Creditors: amount falling due within one year

2024
£
  2023
£
Taxation and Social Security 2,195    2,134 
Other Creditors 11,872    11,278 
14,067    13,412 

5.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Other Creditors 91,037    101,910 
91,037    101,910 

6.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 6,846    6,846 
6,846    6,846 

7.

Reserves

The retained earnings include a non-distributable amount of £36,029 from revaluation adjustments under FRS 102.
8.

Secured debts

The following secured debts are included within creditors:
  2024
£
  2023
£
National Westminster Bank plc 102,003  112,367 
102,003  112,367 

£102,003 is secured by National Westminster Bank plc over 130 High Street, Honiton. EX14 1JR held by the company.

9.

Controlling party

The company is under the control of its directors. 
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