Registered number
08257568
SSR Estates Ltd
Filleted Accounts
31 March 2025
SSR Estates Ltd
Registered number: 08257568
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 2,024,249 1,882,929
Current assets
Debtors 4 47,669 23,419
Cash at bank and in hand 6,705 5,783
54,374 29,202
Creditors: amounts falling due within one year 5 (446,067) (427,346)
Net current liabilities (391,693) (398,144)
Total assets less current liabilities 1,632,556 1,484,785
Creditors: amounts falling due after more than one year 6 (499,822) (555,066)
Provisions for liabilities (92,571) (67,000)
Net assets 1,040,163 862,719
Capital and reserves
Called up share capital 120 120
Revaluation reserve 7 450,749 335,000
Profit and loss account 589,294 527,599
Shareholders' funds 1,040,163 862,719
The directors are 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 directors acknowledge their 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.
Mr C V Ganatra
Director
Approved by the board on 28 May 2025
SSR Estates Ltd
Notes to the Accounts
for the year ended 31 March 2025
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 rents received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from rents and from the rendering of services.
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:
Plant and machinery 20% straight line
Investment Properties
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. The methods and significant assumptions used to acertain the fair value at the balance sheet date and fair value movement included in the profit for the year are as follows:
Properties are valued using open market valuation on freehold basis, conducted by the directors themselves.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company - 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2024 1,882,929 2,321 1,885,250
Surplus on revaluation 141,320 - 141,320
At 31 March 2025 2,024,249 2,321 2,026,570
Depreciation
At 1 April 2024 - 2,321 2,321
At 31 March 2025 - 2,321 2,321
Net book value
At 31 March 2025 2,024,249 - 2,024,249
At 31 March 2024 1,882,929 - 1,882,929
The investment property held within the company was valued as at 31st March 2025 by the directors, who themselves have been involved in property developments in the recent past. The valuations were based on rental yields, and recent market values achieved on comparable properties in the immediate vicinity. The historic cost of these properties is £1,547,929.
4 Debtors 2025 2024
£ £
Trade debtors 20,000 20,000
Amounts owed by associated undertakings. 20,500 -
Other debtors 7,169 3,419
47,669 23,419
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 37,509 -
Taxation and social security costs 18,560 12,098
Shareholder loans 377,117 406,117
Other creditors 12,881 9,131
446,067 427,346
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 499,822 555,066
Bank loans are secured by a fixed and floating charge over the present and future assets of the company. Interest is charged on bank loans at commercial rates
7 Revaluation reserve 2025 2024
£ £
At 1 April 2024 335,000 335,000
Gain on revaluation of land and buildings 115,749 -
At 31 March 2025 450,749 335,000
8 Related party transactions
Debtors include £20,500 (2024: £Nil) owed by Manning House Development Ltd a company with common directors.
9 Other information
SSR Estates Ltd is a private company limited by shares and incorporated in England. Its registered office is:
9a Sandy Lodge Road
Rickmansworth
WD3 1LP
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