Registered number
03389015
SSP Developments Limited
Filleted Accounts
30 June 2024
SSP Developments Limited
Registered number: 03389015
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £ £ £
Fixed assets
Tangible assets 3 164,225 -
Current assets
Stocks 59,584 223,809
Cash at bank and in hand 4,209 4,149
63,793 227,958
Creditors: amounts falling due within one year 4 (122,670) (122,629)
Net current (liabilities)/assets (58,877) 105,329
Net assets 105,348 105,329
Capital and reserves
Called up share capital 5 1,000 1,000
Share premium 69,000 69,000
Profit and loss account 35,348 35,329
Shareholders' funds 105,348 105,329
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 his 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.
N S Phull
Director
Approved by the board on 26 March 2025
SSP Developments 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).

The accounts are presented in sterling which is the functional currency of the company and rounded to the nearest £.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Investment properties No depreciation charged
Investment properties
Investment properties which are properties held to earn rentals and/or for capital appreciation are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value.

Gains and losses arising from changes in the fair value of investment properties are included in the profit or loss in the period which they arise.

Investment properties whose fair value cannot be reliably measured without undue cost or effort on an on-going basis are included in property, plant and equipment at cost less accumulated depreciation and accumulated impairment losses.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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 - -
3 Tangible fixed assets
Investment properties
£
Cost
Additions 164,225
At 30 June 2024 164,225
Depreciation
At 30 June 2024 -
Net book value
At 30 June 2024 164,225
Investment property: 2024 2023
£ £
Historical cost 164,225 -
Cumulative depreciation based on historical cost - -
164,225 -
The investment property has been valued by the director at its market value at the balance sheet date.
4 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals and deferred income 570 501
Other creditors 122,100 122,128
122,670 122,629
5 Share capital 2024 2023
£ £
Allotted, called up and fully paid:
Ordinary shares 1,000 1,000
6 Related party transactions
At 30 June 2024 there was an amount of £117,993 owing to a shareholder. The loan is interest free and payable on demand.
7 Company information
SSP Developments Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
Ground Floor, Advance House
9 Waterfall Lane Trading Estate
Cradley Heath
West Midlands
B64 6PU
Its registered number is: 03389015
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