Registered number
11435457
SS & MK PROPERTIES LIMITED
Filleted Accounts
30 June 2024
SS & MK PROPERTIES LIMITED
Registered number: 11435457
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,110,000 3,110,000
Current assets
Debtors 4 80,000 44,000
Cash at bank and in hand 28,180 55,448
108,180 99,448
Creditors: amounts falling due within one year 5 (41,499) (47,521)
Net current assets 66,681 51,927
Total assets less current liabilities 3,176,681 3,161,927
Creditors: amounts falling due after more than one year 6 (1,086,006) (1,094,539)
Provisions for liabilities (90,229) (90,229)
Net assets 2,000,446 1,977,159
Capital and reserves
Called up share capital 2,000 2,000
Share premium 1,585,436 1,585,436
Revaluation reserve 8 270,688 270,688
Profit and loss account 142,322 119,035
Shareholders' funds 2,000,446 1,977,159
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mandeep Kaur KHABRA
Director
Approved by the board on 20 March 2025
SS & MK PROPERTIES LIMITED
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes (if applicable). Turnover represents the value of rent receivable.
Investment properties
Investment properties are revalued annually and the aggregate surplus or deficit is transferred to revaluation reserve. No depreciation is provided in respect of investment properties.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 July 2023 3,110,000
At 30 June 2024 3,110,000
Depreciation
At 30 June 2024 -
Net book value
At 30 June 2024 3,110,000
At 30 June 2023 3,110,000
Freehold land and buildings: 2024 2023
£ £
Historical cost 2,749,083 2,749,083
2,749,083 2,749,083
The investment properties were measured for fair value by the directors, and in their opinion the
fair value of the investment property is fairly stated.
4 Debtors 2024 2023
£ £
Other debtors 80,000 44,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 12,810 12,442
Taxation and social security costs 7,744 12,660
Director's loan account 19,504 20,980
Other creditors 1,441 1,439
41,499 47,521
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,086,006 1,094,539
7 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 864,490 890,641
Instalments falling due for payment after more than five years 184,612 192,815
1,049,102 1,083,456
Secured bank loans 1,087,411 1,090,071
The bank loan is secured by first charge over the freehold land and buildings held by the company.
8 Revaluation reserve 2024 2023
£ £
At 1 July 2023 270,688 151,218
Gain on revaluation of land and buildings - 159,293
Deferred taxation arising on the revaluation of land and buildings - (39,823)
At 30 June 2024 270,688 270,688
9 Related party transactions
During the period, total management fee of £8,400 (2023: £8,400) was paid to Shivstar Legal Services Limited, a company incorporated in England and Wales. Shivstar Legal Services Limited is controlled by the director Mrs M K Khabra.

Other debtors include an unsecured loan of £20,000 (2023: £44,000) to Jaujar Investments Ltd, and £60,000 (2023: £NIL) to GKS & MK Properties Ltd. Both companies are incorporated in England and Wales. Jaujar Investments Ltd is controlled by family members of the director Mrs M K Khabra, while GKS & MK Properties Ltd is under common control.
10 Controlling party
During the period the company was controlled by Mrs M K Khabra and Mrs S K Shetra.
11 Other information
SS & MK PROPERTIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
3 Craneswater Park
Southall,
England,
UB2 5RW
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