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REGISTERED NUMBER: 10525202 (England and Wales)


































Unaudited Financial Statements

for the Year Ended 31 December 2023

for

SSC PROPERTY INVESTMENTS LIMITED

SSC PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 10525202)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SSC PROPERTY INVESTMENTS LIMITED

Company Information
for the year ended 31 December 2023







DIRECTOR: Mrs S Clydesdale





REGISTERED OFFICE: Kensington House
3 Kensington
Bishop Auckland
Co. Durham
DL14 6HX





REGISTERED NUMBER: 10525202 (England and Wales)





ACCOUNTANTS: Mitchells Grievson Limited
Kensington House
3 Kensington
Bishop Auckland
Co. Durham
DL14 6HX

SSC PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 10525202)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 644,000 644,000

CURRENT ASSETS
Cash at bank 99 4

CREDITORS
Amounts falling due within one year 5 25,407 20,701
NET CURRENT LIABILITIES (25,308 ) (20,697 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

618,692

623,303

CREDITORS
Amounts falling due after more than one year 6 (424,065 ) (435,386 )

PROVISIONS FOR LIABILITIES (28,545 ) (28,545 )
NET ASSETS 166,082 159,372

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7 121,692 121,692
Retained earnings 44,290 37,580
SHAREHOLDERS' FUNDS 166,082 159,372

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

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

The director acknowledges her 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 PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 10525202)

Balance Sheet - continued
31 December 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 director and authorised for issue on 6 November 2024 and were signed by:





Mrs S Clydesdale - Director


SSC PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 10525202)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

SSC Property Investments 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.

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).

SSC PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 10525202)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 644,000
NET BOOK VALUE
At 31 December 2023 644,000
At 31 December 2022 644,000

The investment properties have been revalued by the director on the basis of open market value.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,300 400
Taxation and social security 15,958 12,753
Other creditors 8,149 7,548
25,407 20,701

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 424,065 435,386

7. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 121,692