Registered number
09885550
SS Homes Ltd
Filleted Accounts
30 November 2024
SS Homes Ltd
Registered number: 09885550
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,924,845 2,114,511
Current assets
Cash at bank and in hand 446 155
Creditors: amounts falling due within one year 4 (14,040) (28,613)
Net current liabilities (13,594) (28,458)
Total assets less current liabilities 1,911,251 2,086,053
Creditors: amounts falling due after more than one year 5 (1,583,571) (1,670,573)
Provisions for liabilities (351) (681)
Net assets 327,329 414,799
Capital and reserves
Called up share capital 1 1
Share premium 458,141 458,141
Profit and loss account (130,813) (43,343)
Shareholder's funds 327,329 414,799
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 member has 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.
S Sanghera
Director
Approved by the board on 21 August 2025
SS Homes Ltd
Notes to the Accounts
for the year ended 30 November 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).
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:
Freehold buildings Not depreciated
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 December 2023 2,113,000 769 5,600 2,119,369
Additions - 949 - 949
Disposals (190,000) - - (190,000)
At 30 November 2024 1,923,000 1,718 5,600 1,930,318
Depreciation
At 1 December 2023 - 587 4,271 4,858
Charge for the year - 283 332 615
At 30 November 2024 - 870 4,603 5,473
Net book value
At 30 November 2024 1,923,000 848 997 1,924,845
At 30 November 2023 2,113,000 182 1,329 2,114,511
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,206 5,000
Other creditors 8,834 23,613
14,040 28,613
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,583,571 1,670,573
6 Controlling party
S Sanghera was the controlling party throughout the year.
7 Other information
SS Homes Ltd is a private company limited by shares and incorporated in England. Its registered office is:
135 Plains Road
Mapperley
Nottingham
NG3 5QX
SS Homes Ltd 09885550 false 2023-12-01 2024-11-30 2024-11-30 VT Final Accounts April 2025 S Sanghera No description of principal activity 09885550 2022-12-01 2023-11-30 09885550 core:WithinOneYear 2023-11-30 09885550 core:AfterOneYear 2023-11-30 09885550 core:ShareCapital 2023-11-30 09885550 core:SharePremium 2023-11-30 09885550 core:RetainedEarningsAccumulatedLosses 2023-11-30 09885550 2023-12-01 2024-11-30 09885550 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 09885550 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 09885550 bus:Director40 2023-12-01 2024-11-30 09885550 2 2023-12-01 2024-11-30 09885550 core:LandBuildings 2023-12-01 2024-11-30 09885550 core:PlantMachinery 2023-12-01 2024-11-30 09885550 core:Vehicles 2023-12-01 2024-11-30 09885550 countries:England 2023-12-01 2024-11-30 09885550 bus:FRS102 2023-12-01 2024-11-30 09885550 bus:FilletedAccounts 2023-12-01 2024-11-30 09885550 2024-11-30 09885550 core:WithinOneYear 2024-11-30 09885550 core:AfterOneYear 2024-11-30 09885550 core:ShareCapital 2024-11-30 09885550 core:SharePremium 2024-11-30 09885550 core:RetainedEarningsAccumulatedLosses 2024-11-30 09885550 core:LandBuildings 2024-11-30 09885550 core:PlantMachinery 2024-11-30 09885550 core:Vehicles 2024-11-30 09885550 2023-11-30 09885550 core:LandBuildings 2023-11-30 09885550 core:PlantMachinery 2023-11-30 09885550 core:Vehicles 2023-11-30 iso4217:GBP xbrli:pure