REGISTERED NUMBER: 04834923 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SSG RECRUITMENT PARTNERSHIPS LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Ms A E Anaz

Mr A M Keep

Mr J D Moodie

SECRETARY:

Ms K King

REGISTERED OFFICE:

Second Floor, 2 The Waterhouse

Waterhouse Street

Hemel Hempstead

HP1 1ES

REGISTERED NUMBER:

04834923 (England and Wales)

AUDITORS:

Cube Partners Limited

Chartered Accountants and Registered Auditors

5 Giffard Court

Millbrook Close

Northampton

Northamptonshire

NN5 5JF

FIXED ASSETS

Intangible assets

4

23,124

26,350

Tangible assets

5

14,056

25,245

Investments

6

144,986

149,486

182,166

201,081

CURRENT ASSETS

Debtors

7

1,142,028

529,680

Cash at bank

234,111

467,752

1,376,139

997,432

CREDITORS

Amounts falling due within one year

8

511,327

338,079

NET CURRENT ASSETS

864,812

659,353

TOTAL ASSETS LESS CURRENT LIABILITIES

1,046,978

860,434

PROVISIONS FOR LIABILITIES

3,514

-

NET ASSETS

1,043,464

860,434

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,043,364

860,334

1,043,464

860,434

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

Mr J D Moodie - Director

1.	STATUTORY INFORMATION

SSG Recruitment Partnerships Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Turnover

Turnover is measured at the fair value of consideration received or receivable for services provided in the normal course of business, and is shown net of value added tax and other sales related taxes.

Revenue from sale of services is recognised when the stage of completion of the transaction can be measured reliably. To the extent that the service provided has not been billed at the balance sheet date, the amount is recognised as revenue and recorded as accrued income. Sales billed in advance of the services being provided are recognised as deferred income.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

Straight line over 6 years and Straight line over 5 years

Computer equipment

-

Straight line over 3 years

Tangible fixed assets are stated at historical cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Investments in subsidiaries

Investment in subsidiaries are held at cost less accumulated impairment loss.

Financial instruments

Cash and cash equivalents in the balance sheet comprises of cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 22 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

30,450

Additions

5,300

At 31 December 2024

35,750

AMORTISATION

At 1 January 2024

4,100

Charge for year

8,526

At 31 December 2024

12,626

NET BOOK VALUE

At 31 December 2024

23,124

At 31 December 2023

26,350

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

30,452

64,295

94,747

Additions

-

3,364

3,364

Disposals

-

(100

)

(100

)

At 31 December 2024

30,452

67,559

98,011

DEPRECIATION

At 1 January 2024

16,880

52,622

69,502

Charge for year

5,287

9,166

14,453

At 31 December 2024

22,167

61,788

83,955

NET BOOK VALUE

At 31 December 2024

8,285

5,771

14,056

At 31 December 2023

13,572

11,673

25,245

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

149,486

Disposals

(4,500

)

At 31 December 2024

144,986

NET BOOK VALUE

At 31 December 2024

144,986

At 31 December 2023

149,486

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

(Unaudited)

£

£

Trade debtors

295,977

374,267

Other debtors

846,051

155,413

1,142,028

529,680

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

(Unaudited)

£

£

Trade creditors

114,183

87,658

Amounts owed to group undertakings

175,000

-

Taxation and social security

117,999

127,200

Other creditors

104,145

123,221

511,327

338,079

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Steven Jones (Senior Statutory Auditor)

for and on behalf of Cube Partners Limited

10.	ULTIMATE CONTROLLING PARTY

The immediate parent company is JDM Recruitment Limited. The ultimate parent company is Clan Equity Limited.

The smallest and largest group in which the company's results are consolidated is Clan Equity Limited. A copy of the group accounts can be obtained from Clan Equity Limited, whose registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.