ACCOUNTS - Final Accounts preparation

Registered number: 13358676

SSN INC LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

SSN INC LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SSN INC LIMITED
FOR THE YEAR ENDED 31 OCTOBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SSN Inc Limited for the year ended 31 October 2024 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given to us.

This report is made solely to the director of SSN Inc Limited in accordance with the terms of our agreement. Our work has been undertaken solely to prepare for your approval the financial statements of SSN Inc Limited and state those matters that we have agreed to state to him in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SSN Inc Limited and its director for our work or for this report.

It is your duty to ensure that SSN Inc Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and profit. You consider that SSN Inc Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of SSN Inc Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Shipleys Tax Planning

1 October 2025

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SSN INC LIMITED

REGISTERED NUMBER: 13358676

BALANCE SHEET

AS AT 31 OCTOBER 2024

		2024		2023
Note		£		£

Fixed assets
Investment property	4		679,863		679,863
			679,863		679,863
Current assets
Debtors: amounts falling due within one year	5	1		1
Cash at bank and in hand	6	41,563		66,465
		41,564		66,466
Creditors: amounts falling due within one year	7	(597,087)		(662,971)
Net current liabilities			(555,523)		(596,505)
Total assets less current liabilities			124,340		83,358

Net assets			124,340		83,358

Capital and reserves
Called up share capital	1	1
Profit and loss account	124,339	83,357
	124,340	83,358

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 October 2025.

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SSN INC LIMITED

REGISTERED NUMBER: 13358676

BALANCE SHEET (CONTINUED)

AS AT 31 OCTOBER 2024

Nabil Choudhury

Director

The notes on pages 6 to 9 form part of these financial statements.

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SSN INC LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 OCTOBER 2024

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 November 2023	1	83,357	83,358
Comprehensive income for the year
Profit for the year	-	40,982	40,982
Other comprehensive income for the year	-	-	-
Total comprehensive income for the year	-	40,982	40,982
Total transactions with owners	-	-	-
At 31 October 2024	1	124,339	124,340

The notes on pages 6 to 9 form part of these financial statements.

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SSN INC LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 OCTOBER 2023

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 November 2022	1	39,063	39,064
Comprehensive income for the year
Profit for the year	-	44,294	44,294
Other comprehensive income for the year	-	-	-
Total comprehensive income for the year	-	44,294	44,294
Total transactions with owners	-	-	-
At 31 October 2023	1	83,357	83,358

The notes on pages 6 to 9 form part of these financial statements.

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SSN INC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

1.	General information

SSN Inc Limited is a company domiciled in England and Wales, company number 13358676. The registered office address is Wharf House, Victoria Quays, Wharf Street, Sheffield, S2 5SY.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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SSN INC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including the director, during the year was as follows:

	2024	2023
	No.	No.

Administration	1	1

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SSN INC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

4.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 November 2023	679,863
	At 31 October 2024	679,863

The 2024 valuations were made by the director, on an open market value for existing use basis.


	At 31 October 2024

If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

Debtors

					2024	2023
					£	£


Other debtors	1	1
	1	1

6.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	41,563	66,465
	41,563	66,465

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SSN INC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	-	480
Corporation tax	13,661	10,691
Other creditors	580,906	650,000
Accruals and deferred income	2,520	1,800
	597,087	662,971

8.	Related party transactions
	At the balance sheet date the company owed NCIA Holdings Ltd £579,868 (2023: £650,000) and £1,038 (2023: £480) to Harley Street Healthcare Ltd, companies in which the director Dr Nabil Choudhury has a controlling interest. The amount of £580,906 is included in other creditors due within one year.

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