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REGISTERED NUMBER: 10872501 (England and Wales)















S S Properties (Northampton) Ltd

Unaudited Financial Statements

for the Year Ended 31st July 2024






S S Properties (Northampton) Ltd (Registered number: 10872501)






Contents of the Financial Statements
for the year ended 31st July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 6


S S Properties (Northampton) Ltd

Company Information
for the year ended 31st July 2024







DIRECTORS: S E Moriarty
S Scrivener





REGISTERED OFFICE: 310 Wellingborough Road
Northampton
Northamptonshire
NN1 4EP





BUSINESS ADDRESS: 2 Gate Lane
Broughton
Northamptonshire
NN14 1ND





REGISTERED NUMBER: 10872501 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

S S Properties (Northampton) Ltd (Registered number: 10872501)

Balance Sheet
31st July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 3,402 4,535

CURRENT ASSETS
Stocks 521,060 689,060
Debtors 6 64,580 38,344
Cash at bank - 3,734
585,640 731,138
CREDITORS
Amounts falling due within one year 7 144,300 280,222
NET CURRENT ASSETS 441,340 450,916
TOTAL ASSETS LESS CURRENT
LIABILITIES

444,742

455,451

CREDITORS
Amounts falling due after more than one
year

8

(446,386

)

(456,326

)

PROVISIONS FOR LIABILITIES 11 (700 ) (900 )
NET LIABILITIES (2,344 ) (1,775 )

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings (2,444 ) (1,875 )
SHAREHOLDERS' FUNDS (2,344 ) (1,775 )

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

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

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 3rd June 2025 and were signed on its behalf by:





S E Moriarty - Director


S S Properties (Northampton) Ltd (Registered number: 10872501)

Notes to the Financial Statements
for the year ended 31st July 2024

1. STATUTORY INFORMATION

S S Properties (Northampton) Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company in the year under review was that of other letting and operating of real estate.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistency applied to all years presented unless otherwise stated.

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.
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

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.

Going concern
These financial statements have been prepared on the going concern basis as the company meets its day to day working capital requirement through the support of its directors, who have confirmed their continuing support for a period of twelve months following approval of these financial statements.

4. EMPLOYEES AND DIRECTORS

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

S S Properties (Northampton) Ltd (Registered number: 10872501)

Notes to the Financial Statements - continued
for the year ended 31st July 2024

5. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1st August 2023
and 31st July 2024 10,750
DEPRECIATION
At 1st August 2023 6,215
Charge for year 1,133
At 31st July 2024 7,348
NET BOOK VALUE
At 31st July 2024 3,402
At 31st July 2023 4,535

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 64,580 38,344

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 7,932 5,783
Trade creditors - 1,933
Taxation and social security 6,288 10,053
Other creditors 130,080 262,453
144,300 280,222

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) 446,386 456,326

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 435,000 435,000

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 7,932 5,783
Other loans SS Developments 125,841 130,513
133,773 136,296

Amounts falling due between one and two years:
Bank loans - 1-2 years 8,076 5,929

S S Properties (Northampton) Ltd (Registered number: 10872501)

Notes to the Financial Statements - continued
for the year ended 31st July 2024

9. LOANS - continued
2024 2023
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 3,310 15,397

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans 435,000 435,000

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 454,318 462,109

The bank loans are secured by fixed charges against the properties purchased by the company.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 700 900

Deferred
tax
£   
Balance at 1st August 2023 900
Credit to Income Statement during year (200 )
Balance at 31st July 2024 700

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

13. CONTINGENT LIABILITIES

There were no contingent liabilities at 31st July 2024 or 31st July 2023.

14. CAPITAL COMMITMENTS

There were no capital commitments at 31st July 2024 or 31st July 2023.

S S Properties (Northampton) Ltd (Registered number: 10872501)

Notes to the Financial Statements - continued
for the year ended 31st July 2024

15. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
S Scrivener
Balance outstanding at start of year - 34,641
Amounts advanced 49,641 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 49,641 -

S E Moriarty
Balance outstanding at start of year - -
Amounts advanced 14,939 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,939 -