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REGISTERED NUMBER: 03614998 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

SSC PROPERTIES LIMITED

SSC PROPERTIES LIMITED (REGISTERED NUMBER: 03614998)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SSC PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: H S Cheema
B Singh





REGISTERED OFFICE: Hadrian Chambers Victoria Passage
Skinner Street
Wolverhampton
WV1 4LG





REGISTERED NUMBER: 03614998 (England and Wales)

SSC PROPERTIES LIMITED (REGISTERED NUMBER: 03614998)

BALANCE SHEET
31 OCTOBER 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 450,000 450,000

CURRENT ASSETS
Debtors 5 12,648 8,487
Cash at bank 3,391 8,855
16,039 17,342
CREDITORS
Amounts falling due within one year 6 213,262 209,463
NET CURRENT LIABILITIES (197,223 ) (192,121 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

252,777

257,879

CREDITORS
Amounts falling due after more than one
year

7

6,874

31,745
NET ASSETS 245,903 226,134

CAPITAL AND RESERVES
Called up share capital 9 3 3
Retained earnings 10 245,900 226,131
SHAREHOLDERS' FUNDS 245,903 226,134

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SSC PROPERTIES LIMITED (REGISTERED NUMBER: 03614998)

BALANCE SHEET - continued
31 OCTOBER 2023


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 Board of Directors and authorised for issue on 29 September 2024 and were signed on its behalf by:




H S Cheema - Director



B Singh - Director


SSC PROPERTIES LIMITED (REGISTERED NUMBER: 03614998)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Ssc Properties 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 tax
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
COST
At 1 November 2022
and 31 October 2023 450,000
NET BOOK VALUE
At 31 October 2023 450,000
At 31 October 2022 450,000

SSC PROPERTIES LIMITED (REGISTERED NUMBER: 03614998)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade debtors 7,648 3,094
Other debtors 5,000 5,000
Prepayments - 393
12,648 8,487

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Bank loans and overdrafts (see note 8) 6,901 9,456
Trade creditors 4,392 175
Tax 15,165 10,528
Directors' current accounts 186,084 186,084
Accrued expenses 720 3,220
213,262 209,463

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/23 31/10/22
£    £   
Bank loans (see note 8) 6,874 31,745

8. LOANS

An analysis of the maturity of loans is given below:

31/10/23 31/10/22
£    £   
Amounts falling due within one year or on demand:
Bank loans 6,901 9,456

Amounts falling due between two and five years:
Bank loans - 2-5 years 6,874 31,745

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/10/23 31/10/22
value: £    £   
3 Ordinary £1 3 3

SSC PROPERTIES LIMITED (REGISTERED NUMBER: 03614998)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

10. RESERVES
Retained
earnings
£   

At 1 November 2022 226,131
Profit for the year 19,769
At 31 October 2023 245,900