0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 2,701,541 2,701,541 2,701,541 xbrli:pure xbrli:shares iso4217:GBP SC699567 2023-07-01 2024-06-30 SC699567 2024-06-30 SC699567 2023-06-30 SC699567 2022-07-01 2023-06-30 SC699567 2023-06-30 SC699567 2022-06-30 SC699567 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 SC699567 bus:PreferenceShareClass1 2023-07-01 2024-06-30 SC699567 bus:Director1 2023-07-01 2024-06-30 SC699567 bus:Director2 2023-07-01 2024-06-30 SC699567 core:WithinOneYear 2024-06-30 SC699567 core:WithinOneYear 2023-06-30 SC699567 core:AfterOneYear 2024-06-30 SC699567 core:AfterOneYear 2023-06-30 SC699567 core:ShareCapital 2024-06-30 SC699567 core:ShareCapital 2023-06-30 SC699567 core:RetainedEarningsAccumulatedLosses 2024-06-30 SC699567 core:RetainedEarningsAccumulatedLosses 2023-06-30 SC699567 core:CostValuation core:Non-currentFinancialInstruments 2024-06-30 SC699567 core:Non-currentFinancialInstruments 2024-06-30 SC699567 core:Non-currentFinancialInstruments 2023-06-30 SC699567 bus:SmallEntities 2023-07-01 2024-06-30 SC699567 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 SC699567 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 SC699567 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC699567 bus:FullAccounts 2023-07-01 2024-06-30 SC699567 bus:OrdinaryShareClass1 2024-06-30 SC699567 bus:OrdinaryShareClass1 2023-06-30 SC699567 bus:PreferenceShareClass1 2024-06-30 SC699567 bus:PreferenceShareClass1 2023-06-30
COMPANY REGISTRATION NUMBER: SC699567
SSLP Holdings Ltd
Filleted Unaudited Financial Statements
For the year ended
30 June 2024
SSLP Holdings Ltd
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
Fixed assets
Investments
5
2,701,541
2,701,541
Current assets
Debtors
6
1,306
Cash at bank and in hand
1,643
6,644
-------
-------
1,643
7,950
Creditors: amounts falling due within one year
7
575,962
577,924
---------
---------
Net current liabilities
574,319
569,974
------------
------------
Total assets less current liabilities
2,127,222
2,131,567
Creditors: amounts falling due after more than one year
8
950,929
1,175,930
------------
------------
Net assets
1,176,293
955,637
------------
------------
Capital and reserves
Called up share capital
9
50,002
50,002
Profit and loss account
1,126,291
905,635
------------
---------
Shareholders funds
1,176,293
955,637
------------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SSLP Holdings Ltd
Statement of Financial Position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 21 March 2025 , and are signed on behalf of the board by:
Mr J J Ramsay
Mr F L G Drion
Director
Director
Company registration number: SC699567
SSLP Holdings Ltd
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Durn, Isla Road, Perth, PH2 7HG, Scotland.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
No staff were employed by the company during the year (2023 - none).
5. Investments
Shares in group undertakings
£
Cost
At 1 July 2023 and 30 June 2024
2,701,541
------------
Impairment
At 1 July 2023 and 30 June 2024
------------
Carrying amount
At 30 June 2024
2,701,541
------------
At 30 June 2023
2,701,541
------------
The company owns 100% of the issued share capital of Highfield Forestry Limited, company registration number 01547475. The registered office address for this subsidiary company is 316a Beulah Hill, London, SE19 3HF
Capital & Reserves at 30 June 2024 - £945,961
Under the provision of section 398 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.
6. Debtors
2024
2023
£
£
Other debtors
1,306
----
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
167,674
167,674
Other creditors
408,288
410,250
---------
---------
575,962
577,924
---------
---------
Included in other creditors is £224,877 (2023 - £224,876) which is secured by a floating charge over the assets of the company.
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
950,929
1,175,930
---------
------------
Included within creditors: amounts falling due after more than one year is an amount of £181,575 (2023: £363,150) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
Other creditors are secured by a floating charge over the assets of the company.
9. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Amounts presented in equity:
Ordinary shares of £ 1 each
50,002
50,002
50,002
50,002
--------
--------
--------
--------
Amounts presented in liabilities:
Preference shares of £ 1 each
174,194
174,194
174,194
174,194
---------
---------
---------
---------
10. Related party transactions
The company has chosen to apply the exemption under FRS 102 section 1A from disclosing related party transactions.