Registration number: 13283413

SSLW Properties Limited

Contents

Company Information	1
Abridged Statement of Financial Position	2 to 3
Notes to the Unaudited Abridged Financial Statements	4 to 6

SSLW Properties Limited

Company Information

Directors

S C K Woodcock S L Woodcock

Registered office

Oast Cottage Stoke Road Hoo Rochester ME3 9NR

Accountants

Brebners Chartered Accountants130 Shaftesbury Avenue London W1D 5AR

SSLW Properties Limited

(Registration number: 13283413)
Abridged Statement of Financial Position as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	3,334	5,839
Investment property	5	250,000	250,000
		253,334	255,839
Current assets
Debtors		851	1,089
Cash at bank and in hand		15,380	9,985
		16,231	11,074
Creditors: Amounts falling due within one year		(84,561)	(84,820)
Total assets less current liabilities		185,004	182,093
Creditors: Amounts falling due after more than one year	6	(121,886)	(121,770)
Provisions for liabilities		(15,055)	(15,055)
Net assets		48,063	45,268
Capital and reserves
Called up share capital		2	2
Retained earnings		48,061	45,266
Shareholders' funds		48,063	45,268

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Statement of Financial Position in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

SSLW Properties Limited

(Registration number: 13283413)
Abridged Statement of Financial Position as at 31 March 2025

Approved and authorised by the Board on 5 September 2025 and signed on its behalf by:
 

.........................................

S C K Woodcock

Director

SSLW Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Oast Cottage Stoke Road
Hoo
Rochester
ME3 9NR

The principal activity of the company is that of property investment.

These financial statements were authorised for issue by the Board on 5 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' Section 1A and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value, and are presented in Sterling, which is the functional currency of the company.

Going concern

The company made a profit for the year ended 31 March 2025, and had net assets at that date amounting to £48,063 including cash at bank of £15,380, but had net current liabilities amounting to £68,330.

The company has simple affairs, minimal expenditure, and few fixed overheads. At 31 March 2025 an amount of £72,131 was due to a director who has agreed not to call for repayment until such time that the company has sufficient working capital.

As such, after making enquiries, the directors have a reasonable expectation that the company has adequate resources to remain in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable in connection with property rental in the ordinary course of the company's activities. Turnover is shown net of rebates and discounts.

The company recognises rental income evenly over the period of the lease or licence.

SSLW Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	5 years straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by by the directors based upon an informal professional valuation. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

SSLW Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

4	Tangible assets

	Fixtures and fittings  £
Cost
At 1 April 2024	12,523
At 31 March 2025	12,523
Depreciation
At 1 April 2024	6,684
Charge for the year	2,505
At 31 March 2025	9,189
Carrying amount
At 31 March 2025	3,334
At 31 March 2024	5,839

5	Investment properties

Fair value	2025 £
At 1 April 2024 and at 31 March 2025	250,000

The investment property is reflected at fair value as estimated by the directors at an amount of £250,000 based upon an informal professional valuation.

6

Creditors

Bank borrowings amounting to £126,029 (2024: £130,036) are secured by a fixed charge over the investment property shown in note 6.