SSK Homes Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09926029 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

SSK HOMES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S K Kalyan

Mr S S Kalyan

REGISTERED OFFICE:

Solar House

282 Chase Road

Southgate

London

N14 6NZ

REGISTERED NUMBER:

09926029 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Tangible assets

4

2,776

-

Investment property

5

993,268

365,417

996,044

365,417

CURRENT ASSETS

Debtors

6

1,164

302

Cash at bank and in hand

2

54

1,166

356

CREDITORS

Amounts falling due within one year

7

263,209

387,759

NET CURRENT LIABILITIES

(262,043

)

(387,403

)

TOTAL ASSETS LESS CURRENT LIABILITIES

734,001

(21,986

)

CREDITORS

Amounts falling due after more than one year

8

786,009

-

NET LIABILITIES

(52,008

)

(21,986

)

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

(52,010

)

(21,988

)

SHAREHOLDERS' FUNDS

(52,008

)

(21,986

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 28 September 2019 and were signed on its behalf by:

Mr S S Kalyan - Director

1.	STATUTORY INFORMATION

SSK Homes Limited 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.

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.

Turnover

Turnover represents amounts derived from rents charged to tenants during the year, and is recognised at the date

the rental period occurred.

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

-

20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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 balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

Additions

3,470

At 31 December 2018

3,470

DEPRECIATION

Charge for year

694

At 31 December 2018

694

NET BOOK VALUE

At 31 December 2018

2,776

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2018

365,417

Additions

627,851

At 31 December 2018

993,268

NET BOOK VALUE

At 31 December 2018

993,268

At 31 December 2017

365,417

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Prepayments

1,164

302

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Bank loans and overdrafts

5,452

284,200

Trade creditors

600

-

Social security and other taxes

8

-

Other creditors

-

950

Directors' current accounts

256,549

101,951

Accrued expenses

600

658

263,209

387,759

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.18

31.12.17

£

£

Bank loans more 5 yr by instal

786,009

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

786,009

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.18

31.12.17

value:

£

£

2

Ordinary

£1

2

2