SSJLF Property Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 11307116 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022

FOR

SSJLF PROPERTY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S J Fuller

SECRETARY:

S J Fuller

REGISTERED OFFICE:

24 Prebend Gardens

Chiswick

London

W4 1TW

REGISTERED NUMBER:

11307116 (England and Wales)

ACCOUNTANTS:

IGD Accounting Services Limited

29a High Street

West Wickham

Kent

BR4 0LP

CURRENT ASSETS

Stocks

1,826,849

Debtors

4

15,360

407

Cash at bank

4,078

231

1,846,287

1,827,487

CREDITORS

Amounts falling due within one year

5

244,782

180,750

NET CURRENT ASSETS

1,601,505

1,646,737

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,601,505

1,646,737

CREDITORS

Amounts falling due after more than one
year

6

1,521,734

1,597,855

NET ASSETS

79,771

48,882

CAPITAL AND RESERVES

Called up share capital

8

2

Retained earnings

79,769

48,880

SHAREHOLDERS' FUNDS

79,771

48,882

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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 25 January 2023 and were signed on its behalf by:

S J Fuller - Director

1.	STATUTORY INFORMATION

SSJLF Property 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.

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 directors have confirmed that the company is a going concern and that the Financial Statements have been prepared on a going concern basis.

Turnover

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

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.22

30.4.21

£

Trade debtors

15,360

407

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.22

30.4.21

£

Trade creditors

(1

)

(1

)

Taxation and social security

7,245

3,896

Other creditors

237,538

176,855

244,782

180,750

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.4.22

30.4.21

£

Bank loans

1,373,625

Other creditors

148,109

224,230

1,521,734

1,597,855

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans

1,373,625

7.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.22

30.4.21

£

Bank loans

1,373,625

The bank loan is secured by the property owned by the company.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.22

30.4.21

value:

£

2

Ordinary

£1

2

SSJLF Property Ltd - Accounts to registrar (filleted) - small 18.2

SSJLF Property Ltd - Accounts to registrar (filleted) - small 18.2