S S G Investments Holdings Limited - Period Ending 2021-12-31

S S G INVESTMENTS HOLDINGS LIMITED - Company Information

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Registration number: 10488506

S S G Investments Holdings Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2021

S S G Investments Holdings Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

S S G Investments Holdings Limited

Company Information

Director

R M Parton

Registered office

The Oaklands
Station Road
Admaston
Telford
Shropshire
TF5 0AN

Accountants

CBSL Accountants Limited
Chartered Accountants
Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

S S G Investments Holdings Limited

(Registration number: 10488506)
Balance Sheet as at 31 December 2021

	Note	2021 £	2020 £
Fixed assets
Investments	4	40,606	40,606
Current assets
Debtors	5	4,718,494	4,718,494
Creditors: Amounts falling due within one year	6	(304,469)	(304,469)
Net current assets		4,414,025	4,414,025
Net assets		4,454,631	4,454,631
Capital and reserves
Called up share capital	7	4,454,631	4,454,631
Shareholders' funds		4,454,631	4,454,631

For the financial year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 29 September 2022

R M Parton
Director

S S G Investments Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

1	General information

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

The address of its registered office is:
The Oaklands
Station Road
Admaston
Telford
Shropshire
TF5 0AN

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Group accounts not prepared

The company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by section 399 2A of the Companies Act 2006 not to prepare group accounts..

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2020 - 1).

S S G Investments Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

4	Investments

	2021 £	2020 £
Investments in subsidiaries	40,605	40,605
Investments in associates	1	1
	40,606	40,606

Subsidiaries	£
Cost or valuation
At 1 January 2021	40,605
At 31 December 2021	40,605
Carrying amount
At 31 December 2021	40,605
At 31 December 2020	40,605

Associates	£
Cost
At 1 January 2021	1
At 31 December 2021	1
Carrying amount
At 31 December 2021	1
At 31 December 2020	1

S S G Investments Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Registered office	Holding	Proportion of voting rights and shares held
			2021	2020

Subsidiary undertakings
Oaklands Minerals Limited	The Oaklands Station Road Admaston Telford Shropshire TF5 0AN	Ordinary	100%	100%
	England and Wales
Worcestershire Sand & Gravel Company Limited		Ordinary	100%	100%

Shropshire Sand and Gravel Company Limited		Ordinary	100%	100%

SSG Projects Limited		Ordinary	100%	100%

Wildmoor Quarry Products Limited		Ordinary	100%	100%

Staffordshire Sand & Gravel Company Limited		Ordinary	100%	100%

SSG Haulage Limited		Ordinary	100%	100%

Cheshire and North Wales Sand and Gravel Limited		Ordinary	100%	100%

Flintshire Sand and Gravel Limited		Ordinary	100%	100%

Associates
Broadley and Parton Limited	Rowan House North 1 The Professional Quarter Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG	Ordinary	50%	50%
	England and Wales

S S G Investments Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

Subsidiary undertakings

Oaklands Minerals Limited

The principal activity of Oaklands Minerals Limited is that of a dormant company..

Shropshire Sand and Gravel Company Limited

The principal activity of Shropshire Sand and Gravel Company Limited is quarrying.

SSG Projects Limited

The principal activity of SSG Projects Limited is is that of a dormant company.

Wildmoor Quarry Products Limited

The principal activity of Wildmoor Quarry Products Limited is quarrying.

Staffordshire Sand & Gravel Company Limited

The principal activity of Staffordshire Sand & Gravel Company Limited is quarrying.

SSG Haulage Limited

The principal activity of SSG Haulage Limited is haulage.

Cheshire and North Wales Sand and Gravel Limited

The principal activity of Cheshire and North Wales Sand and Gravel Limited is quarrying.

Flintshire Sand and Gravel Limited

The principal activity of Flintshire Sand and Gravel Limited is that of a dormant company.

Associates

Broadley and Parton Limited

The principal activity of Broadley and Parton Limited is land and property rental.

Debtors

	Note	2021 £	2020 £
Amounts owed by group undertakings and undertakings in which the company has a participating interest	8	3,981,036	3,981,036
Other debtors		737,458	737,458
		4,718,494	4,718,494

S S G Investments Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

Creditors

Creditors: amounts falling due within one year

	Note	2021 £	2020 £
Due within one year
Amounts owed to related parties	8	287,857	287,857
Other creditors		16,612	16,612
		304,469	304,469

7	Share capital

Allotted, called up and fully paid shares

	2021		2020
	No.	£	No.	£
Ordinary of £1 each	4,454,631	4,454,631	4,454,631	4,454,631

8	Related party transactions

Summary of transactions with parent

The company is exempt under FRS 102 33.1A from the requirement to disclose transactions with the ultimate parent company, S S G Quarries Limited, and with its wholly owned subsidiaries.

Summary of transactions with other related parties

R M Parton has an interest in the issued share capital of Salop Sand and Gravel Supply Company Limited.
The company owns 50% of the share capital of Broadley and Parton Limited.

At the year end the following amounts were due from/(to) related parties:-

Broadley and Parton Limited £462,106 (2020 - £462,106), included in Other debtors;
Salop Sand and Gravel Supply Company Limited (£16,612) (2020 - (£16,612)), included in Other creditors.

S S G Investments Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

9	Parent and ultimate parent undertaking

The company's immediate parent is S S G Quarries Limited, incorporated in England and Wales.

These financial statements are available upon request from Companies House.