SS EUROPE LIMITED
|
Registered number: |
09122105
|
Balance Sheet |
as at 31 July 2019
|
|
Notes |
|
|
2019 |
|
|
2018 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
243,303 |
|
|
243,303 |
|
Current assets |
Cash at bank and in hand |
|
|
2,430 |
|
|
9,627 |
|
Creditors: amounts falling due within one year |
3 |
|
(4,552) |
|
|
(4,259) |
|
Net current (liabilities)/assets |
|
|
|
(2,122) |
|
|
5,368 |
|
Total assets less current liabilities |
|
|
|
241,181 |
|
|
248,671 |
|
Creditors: amounts falling due after more than one year |
4 |
|
|
(304,000) |
|
|
(303,900) |
|
|
|
Net liabilities |
|
|
|
(62,819) |
|
|
(55,229) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
(62,919) |
|
|
(55,329) |
|
Shareholders' funds |
|
|
|
(62,819) |
|
|
(55,229) |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
|
|
|
|
|
S Osman |
Director |
Approved by the board on 16 March 2020
|
|
SS EUROPE LIMITED
|
Notes to the Accounts |
for the year ended 31 July 2019
|
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
|
|
|
Turnover |
|
Turnover represents the amount receivable for services rendered and rent charged during the year, exclusive of VAT.
|
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
|
|
|
Investment properties |
|
In accordance with the Financial Reporting Standard for Smaller Entities(effective January 2015) no depreciation is provided in respect of freehold properties held as investments. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment and not for comsumption and the directors conside that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been chaged cannot be seprately identifyed or quantified. The directors consider that this policy result in the accounts giving a true and fair view.
|
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
|
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price).
|
|
|
Taxation |
|
Taxation is based on the profit for the year on ordinary activities as shown in accounts.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Investment property |
£ |
|
Cost |
|
At 1 August 2018 |
243,303 |
|
At 31 July 2019 |
243,303 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 July 2019 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2019 |
243,303 |
|
At 31 July 2018 |
243,303 |
|
|
3 |
Creditors: amounts falling due within one year |
2019 |
|
2018 |
£ |
£ |
|
|
Taxation and social security costs |
1,249 |
|
1,076 |
|
Other creditors |
120 |
|
- |
|
Accrued expenses |
3,183 |
|
3,183 |
|
|
|
|
|
|
4,552 |
|
4,259 |
|
|
|
|
|
|
|
|
|
|
4 |
Creditors: amounts falling due after one year |
2019 |
|
2018 |
£ |
£ |
|
|
Shareholders loans |
64,000 |
|
63,900 |
|
Other loans |
240,000 |
|
240,000 |
|
|
|
|
|
|
304,000 |
|
303,900 |
|
|
|
|
|
|
|
|
|
|
5 |
Other information |
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|
SS EUROPE LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
128a Evington Road |
|
Leicester |
|
LE2 1HL |