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REGISTERED NUMBER: SC652149 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

SSES Holdings Ltd

SSES Holdings Ltd (Registered number: SC652149)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SSES Holdings Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: S J Graham
Mrs S Graham
Mrs E Morton
S Graham





SECRETARY:





REGISTERED OFFICE: Unit 1
82 Muir Street
Hamilton
ML3 6BJ





REGISTERED NUMBER: SC652149 (Scotland)





ACCOUNTANTS: Accountants Plus
Chartered Certified Accountants
Unit 1 Cadzow Park
82 Muir Street
Hamilton
ML3 6BJ

SSES Holdings Ltd (Registered number: SC652149)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 916 1,222
Investments 5 1,004,054 697,632
1,004,970 698,854

CURRENT ASSETS
Debtors 6 - 43,750
Cash at bank 529,949 796,707
529,949 840,457
CREDITORS
Amounts falling due within one year 7 8,398 21,266
NET CURRENT ASSETS 521,551 819,191
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,526,521

1,518,045

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,526,421 1,517,945
1,526,521 1,518,045

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

SSES Holdings Ltd (Registered number: SC652149)

Balance Sheet - continued
31 December 2024


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 2 April 2025 and were signed on its behalf by:





S J Graham - Director


SSES Holdings Ltd (Registered number: SC652149)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

SSES Holdings Ltd is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in associates
Investments in associate undertakings are recognised at cost.

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at transaction price, less any impairment. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and bank balances
Cash and bank balances are measured at the transaction price.

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.


SSES Holdings Ltd (Registered number: SC652149)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 1,629
DEPRECIATION
At 1 January 2024 407
Charge for year 306
At 31 December 2024 713
NET BOOK VALUE
At 31 December 2024 916
At 31 December 2023 1,222

SSES Holdings Ltd (Registered number: SC652149)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. FIXED ASSET INVESTMENTS
Interest
in Other
associate investments Totals
£    £    £   
COST OR VALUATION
At 1 January 2024 1 697,631 697,632
Additions - 1,009,412 1,009,412
Disposals - (758,024 ) (758,024 )
Revaluations - 55,034 55,034
At 31 December 2024 1 1,004,053 1,004,054
NET BOOK VALUE
At 31 December 2024 1 1,004,053 1,004,054
At 31 December 2023 1 697,631 697,632

Cost or valuation at 31 December 2024 is represented by:

Interest
in Other
associate investments Totals
£    £    £   
Valuation in 2024 - 31,067 31,067
Cost 1 972,986 972,987
1 1,004,053 1,004,054

If fixed asset investments had not been revalued they would have been included at the following historical cost:

31.12.24 31.12.23
£    £   
Cost 972,986 750,000

Fixed asset investments were valued on an open market basis on 31 December 2024 by Brewin Dolphin .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors - 43,750

SSES Holdings Ltd (Registered number: SC652149)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 2 -
Tax 303 (57 )
Directors' current accounts 4,103 19,103
Accrued expenses 3,990 2,220
8,398 21,266

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Interest free loan (from)/to directors, no particular terms of repayment.