SSH Properties Limited - Period Ending 2017-02-28

SSH Properties Limited - Period Ending 2017-02-28


SSH Properties Limited09996980true2016-02-102017-02-282017-02-28The principal activity of the company is dormant and non tradingDigita Accounts Production Advanced 6.20.8420.0SoftwaretrueMr I J HeathMr S J Stokes099969802016-02-102017-02-28099969802017-02-2809996980bus:OrdinaryShareClass12017-02-2809996980core:RetainedEarningsAccumulatedLosses2017-02-2809996980core:ShareCapital2017-02-2809996980core:CurrentFinancialInstruments2017-02-2809996980core:CurrentFinancialInstrumentscore:WithinOneYear2017-02-2809996980bus:FRS1022016-02-102017-02-2809996980bus:AuditExempt-NoAccountantsReport2016-02-102017-02-2809996980bus:FullAccounts2016-02-102017-02-2809996980bus:RegisteredOffice2016-02-102017-02-2809996980bus:Director12016-02-102017-02-2809996980bus:Director32016-02-102017-02-2809996980bus:OrdinaryShareClass12016-02-102017-02-2809996980bus:PrivateLimitedCompanyLtd2016-02-102017-02-2809996980countries:England2016-02-102017-02-28iso4217:GBPxbrli:purexbrli:shares

Registration number: 09996980

SSH Properties Limited

Annual Report and Financial Statements

for the Period from 10 February 2016 to 28 February 2017

 

SSH Properties Limited

(Registration number: 09996980)
Balance Sheet as at 28 February 2017

Note

2017
£

Fixed assets

 

Investment property

3

125,900

Current assets

 

Debtors

4

(15,925)

Cash at bank and in hand

 

300

 

(15,625)

Creditors: Amounts falling due within one year

6

(110,000)

Net current liabilities

 

(125,625)

Net assets

 

275

Capital and reserves

 

Called up share capital

7

300

Profit and loss account

(25)

Total equity

 

275

For the financial period ending 28 February 2017 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 9 November 2017 and signed on its behalf by:
 

.........................................

Mr S J Stokes

Director

 

SSH Properties Limited

Notes to the Financial Statements for the Period from 10 February 2016 to 28 February 2017

1

General information

The company is a private company limited by share capital incorporated in England.

The address of its registered office is:
76 Irnham Road
Four Oaks Sutton Coldfield
West Midlands
B74 2TG
England

These financial statements were authorised for issue by the Board on 9 November 2017.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

SSH Properties Limited

Notes to the Financial Statements for the Period from 10 February 2016 to 28 February 2017

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Investment properties

2017
£

Additions

125,900

There has been no valuation of investment property by an independent valuer.

4

Debtors

Note

2017
£

Amounts owed by related parties

(15,925)

Total current trade and other debtors

 

(15,925)

5

Cash and cash equivalents

2017
£

Cash on hand

300

6

Creditors

Note

2017
£

Due within one year

 

Amounts due to related parties

110,000

7

Share capital

Allotted, called up and fully paid shares

 

SSH Properties Limited

Notes to the Financial Statements for the Period from 10 February 2016 to 28 February 2017

 

2017

 

No.

£

Ordinary of £1 each

300

300