| Sub-Sahara Developments Limited |
| Registered Number:11114502 |
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
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
Sub-Sahara Developments Limited
Statement of Financial Position
2023
2024
| Property, plant and equipment |
3,925,774
3,930,715
2
110,000
353,130
3
4,278,904
4,040,715
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
2
2
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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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. |
71 Minster Way
Hornchurch
Essex
RM11 3TD
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A 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 |
3,964,795
69,273
3,895,522
4,343
2,010
2,333
3,897,855
71,283
3,969,138
| Provision for depreciation and impairment |
34,080
34,080
-
Charge for year
9,284
9,284
-
43,364
43,364
-
3,897,855
27,919
3,925,774
3,895,522
35,193
3,930,715
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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 |
353,130
353,130
353,130
353,130
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
5,574
5,574
| Taxation and social security |
88,129
43,386
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
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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