Company registration number 05588701 (England and Wales)
SSB PROPERTIES UK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
SSB PROPERTIES UK LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
£
£
£
£
Fixed assets
2,501,475
2,470,689
Current assets
154,129
65,901
Creditors: amounts falling due within one year
(1,662,216)
(1,681,615)
Net current liabilities
(1,508,087)
(1,615,714)
Total assets less current liabilities
993,388
854,975
Creditors: amounts falling due after more than one year
(7,786)
(18,214)
Net assets
985,602
836,761
Capital and reserves
985,602
836,761
Notes to the financial statements
1
Financial commitments, guarantees and contingencies
Lease commitments
The company has committed to make lease payments totalling £18,628 at the 31 March 2025 (2024: £27,942).
2
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2025
2024
Number
Number
Employees
3
True and fair override
The financial statements have been prepared to give a 'true and fair view' and have departed from the requirements of FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' only to the extent required to provide this 'true and fair view'. This departure is the non-depreciation of the company's investment properties, on the basis that the very long expected useful life and high residual value of those properties negates the relevance of depreciation and to include such a charge would be to distort the 'true and fair view' presented.
SSB Properties UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is C/O Azets, St. Davids Court, Union Street, Wolverhampton, England, United Kingdom, WV1 3JE.
For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
SSB PROPERTIES UK LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 15 September 2025
Mr S Bahia
Director
Company registration number 05588701 (England and Wales)