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Sub-Sahara Developments Limited

Registered Number:11114502

For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements

2
For the year ended 31 December 2024
Sub-Sahara Developments Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3

Registered Number :

11114502

As at 31 December 2024

Sub-Sahara Developments Limited
Statement of Financial Position

£

£

2023
2024

Notes

Fixed assets

Property, plant and equipment

3,925,774
3,930,715
2

Financial assets

110,000
353,130
3
4,278,904
4,040,715

Current assets

158,969

Cash and cash equivalents

74,001
74,001
158,969

Trade and other payables: amounts falling due within one
year

(1,010,487)
(1,044,940)
4
(851,518)
(970,939)
Net current liabilities

Total assets less current liabilities

3,307,965
3,189,197

Trade and other payables: amounts falling due after more
than one year

(2,980,921)
(2,926,627)
5
381,338
Net assets
208,276

Capital and reserves

Called up share capital

2
2

Retained earnings

381,336
208,274
381,338
208,276
Shareholders' funds

For the year ended 31 December 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Jihan Osama Nwofor Director

These financial statements were approved and authorised for issue by the Board on 26 August 2024 and were signed by:

The notes form part of these financial statements

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4
For the year ended 31 December 2024
Sub-Sahara Developments Limited
Notes to the Financial Statements
Statutory Information

Sub-Sahara Developments Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 11114502.

Registered address:

71 Minster Way
Hornchurch
Essex
RM11 3TD

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1 A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.

Investment property

Investment properties are included in the balance sheet at their original cost. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Fianancial Reporting Standard for Small Entites (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tabgible assests to be depreciated. In the opinion of the directors conmpliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantfied.

2. Property, plant and equipment

Total

Furniture and
Fittings

Land and
Buildings

£

£

£

Cost or
valuation

At 01 January 2024

3,964,795
69,273
3,895,522
4,343
2,010
2,333

Additions

At 31 December 2024

3,897,855
71,283
3,969,138

Provision for depreciation and impairment

At 01 January 2024

34,080
34,080
-
Charge for year
9,284
9,284
-

At 31 December 2024

43,364
43,364
-

At 31 December 2024

Net book value

3,897,855
27,919
3,925,774

At 31 December 2023

3,895,522
35,193
3,930,715
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5
For the year ended 31 December 2024
Sub-Sahara Developments Limited
Notes to the Financial Statements Continued

3. Investments held as fixed assets

Loans to Group and participating interests

Total

Cost

£

£

353,130
353,130

Additions

At 31 December 2024

353,130
353,130

At 31 December 2024

Net book value

353,130
353,130

4. Trade and other payables: amounts falling due within one year

2023
2024

£

£

Bank loans and overdraft (secured)

92,425
102,659

Bank loans and overdraft

5,574
5,574

Taxation and social security

88,129
43,386

Other creditors

858,812
858,868
1,044,940
1,010,487

5. Trade and other payables: amounts falling due after more than one year

2023
2024

£

£

Bank loans and overdraft

28,707
34,386

Bank loans and overdraft (secured)

2,897,920
2,946,535
2,926,627
2,980,921

6. Average number of persons employed

During the year the average number of employees was 1 (2023 : 1)
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