REGISTERED NUMBER: 14476857 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 April 2025

for

Ssbm23 Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

M N Dobbie

A Oliver

REGISTERED OFFICE:

Westmead House

Westmead

Farnborough

GU14 7LP

REGISTERED NUMBER:

14476857 (England and Wales)

ACCOUNTANTS:

Solutions 4 Caterers Ltd

Westmead House

Westmead

Farnborough

Hampshire

GU14 7LP

FIXED ASSETS

Tangible assets

4

1,081,804

1,157,589

CURRENT ASSETS

Stocks

5

5,028

4,941

Debtors

6

111,627

86,427

Cash at bank and in hand

614,934

358,100

731,589

449,468

CREDITORS

Amounts falling due within one year

7

(1,121,707

)

(1,785,117

)

NET CURRENT LIABILITIES

(390,118

)

(1,335,649

)

TOTAL ASSETS LESS CURRENT LIABILITIES

691,686

(178,060

)

CREDITORS

Amounts falling due after more than one year

8

(635,668

)

-

PROVISIONS FOR LIABILITIES

(49,583

)

-

NET ASSETS/(LIABILITIES)

6,435

(178,060

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

6,335

(178,160

)

6,435

(178,060

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

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 12 November 2025 and were signed on its behalf by:

M N Dobbie - Director

1.	STATUTORY INFORMATION

Ssbm23 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.

The previous accounting period was the first since incorporation and as such was longer than a year. As a result, the comparative amounts presented in the financial statements (including the notes) are not entirely comparable.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Short leasehold

-

Over the remaining period of the lease

Plant and machinery

-

20% on cost

Fixtures and fittings

-

12.5% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Operating leases

Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease.

Pension costs

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 60 (2024 - 28 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 29 April 2024

838,284

128,047

234,263

13,694

1,214,288

Additions

9,397

2,083

12,364

3,599

27,443

At 28 April 2025

847,681

130,130

246,627

17,293

1,241,731

DEPRECIATION

At 29 April 2024

23,840

14,377

16,780

1,702

56,699

Charge for year

42,744

25,797

30,426

4,261

103,228

At 28 April 2025

66,584

40,174

47,206

5,963

159,927

NET BOOK VALUE

At 28 April 2025

781,097

89,956

199,421

11,330

1,081,804

At 28 April 2024

814,444

113,670

217,483

11,992

1,157,589

5.

STOCKS

2025

2024

£

£

Stocks

5,028

4,941

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,724

-

Other debtors

55,500

56,871

Deferred tax asset

-

11,649

Prepayments

53,403

17,907

111,627

86,427

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

113,458

180,391

Amounts owed to group undertakings

480,861

1,269,641

Social security and other taxes

38,985

26,473

VAT

171,748

120,701

Other creditors

197,679

24,775

Accruals and deferred income

118,976

163,136

1,121,707

1,785,117

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

635,668

-

Included within the amounts falling due in more than 1 year above are amounts totalling £489,677 (2024: £nil) which are payable in instalments in more than 5 years.

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

185,000

185,000

Between one and five years

740,000

740,000

In more than five years

2,427,301

2,611,794

3,352,301

3,536,794

10.	SECURED DEBTS

The amounts owed to group undertakings are secured by a fixed and floating charge over all the assets of the company both present and future in favour of SSBM23 Ltd's parent company, Som Saa Ltd.