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REGISTERED NUMBER: 11529105 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 August 2024

for

SSE Homes Limited

SSE Homes Limited (Registered number: 11529105)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SSE Homes Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr S Everitt
Mrs S T Everitt





REGISTERED OFFICE: 5 Church Street
Framlingham
Woodbridge
Suffolk
IP13 9BQ





REGISTERED NUMBER: 11529105 (England and Wales)





ACCOUNTANTS: Turner & Ellerby
Chartered Certified Accountants
5 Church Street
Framlingham
Woodbridge
Suffolk
IP13 9BQ

SSE Homes Limited (Registered number: 11529105)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 56,226 36,045

CURRENT ASSETS
Stocks 53,010 60,779
Debtors 5 2,669 22,936
Cash at bank 2 13,887
55,681 97,602
CREDITORS
Amounts falling due within one year 6 79,213 78,800
NET CURRENT (LIABILITIES)/ASSETS (23,532 ) 18,802
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,694

54,847

CREDITORS
Amounts falling due after more than one
year

7

34,944

48,150
NET (LIABILITIES)/ASSETS (2,250 ) 6,697

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (2,252 ) 6,695
SHAREHOLDERS' FUNDS (2,250 ) 6,697

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

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

SSE Homes Limited (Registered number: 11529105)

Balance Sheet - continued
31 August 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 9 May 2025 and were signed on its behalf by:




Mrs S T Everitt - Director



Mr S Everitt - Director


SSE Homes Limited (Registered number: 11529105)

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

1. STATUTORY INFORMATION

SSE Homes 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.

At the 31 August 2024 the Company was insolvent. The financial statements however have been prepared on a going concern basis. In meeting the Company's working capital requirements the directors have agreed to continue to support the Company for the next 12 months. On the basis that the directors consider, with their support, it appropriate to prepare the financial statements on a going concern basis, the financial statements do not contain any adjustments that would result from the withdrawal of their support.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


SSE Homes Limited (Registered number: 11529105)

Notes to the Financial Statements - continued
for the Year Ended 31 August 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 2,172 42,978 2,576 47,726
Additions 36,630 - - 36,630
At 31 August 2024 38,802 42,978 2,576 84,356
DEPRECIATION
At 1 September 2023 1,255 8,596 1,830 11,681
Charge for year 9,387 6,876 186 16,449
At 31 August 2024 10,642 15,472 2,016 28,130
NET BOOK VALUE
At 31 August 2024 28,160 27,506 560 56,226
At 31 August 2023 917 34,382 746 36,045

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,142 22,936
VAT 1,527 -
2,669 22,936

SSE Homes Limited (Registered number: 11529105)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 10,471 7,800
Hire purchase contracts 14,238 6,014
Trade creditors 23,868 25,644
Social security and other taxes 6,172 4,637
VAT - 887
Directors' current accounts 22,964 32,318
Accrued expenses 1,500 1,500
79,213 78,800

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 5,562 13,650
Hire purchase contracts 29,382 34,500
34,944 48,150

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 2,383 -
Bank loans 8,088 7,800
10,471 7,800

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,562 7,800

Amounts falling due between two and five years:
Bank loans - 2-5 years - 5,850

SSE Homes Limited (Registered number: 11529105)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
Mrs S T Everitt and Mr S Everitt
Balance outstanding at start of year - 1,094
Amounts repaid - (1,094 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -