Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31true32021-01-01true3falseConsultancy servicesThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03871028 2021-01-01 2021-12-31 03871028 2020-01-01 2020-12-31 03871028 2021-12-31 03871028 2020-12-31 03871028 c:Director3 2021-01-01 2021-12-31 03871028 d:CurrentFinancialInstruments 2021-12-31 03871028 d:CurrentFinancialInstruments 2020-12-31 03871028 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 03871028 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 03871028 d:ShareCapital 2021-12-31 03871028 d:ShareCapital 2020-12-31 03871028 d:RetainedEarningsAccumulatedLosses 2021-12-31 03871028 d:RetainedEarningsAccumulatedLosses 2020-12-31 03871028 c:FRS102 2021-01-01 2021-12-31 03871028 c:Audited 2021-01-01 2021-12-31 03871028 c:FullAccounts 2021-01-01 2021-12-31 03871028 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 03871028 c:SmallCompaniesRegimeForAccounts 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure
Registered number: 03871028






SIMON GLOBAL LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021










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SIMON GLOBAL LIMITED
REGISTERED NUMBER:03871028

BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
2020
Note
$
$

  

Current assets
  

Debtors: amounts falling due within one year
 5 
1,330
-

  
1,330
-

Creditors: amounts falling due within one year
 6 
(23,669)
(13,891)

Net current liabilities
  
 
 
(22,339)
 
 
(13,891)

Total assets less current liabilities
  
(22,339)
(13,891)

  

Net liabilities
  
(22,339)
(13,891)


Capital and reserves
  

Called up share capital 
  
149
149

Profit and loss account
  
(22,488)
(14,040)

  
(22,339)
(13,891)


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
S E Fivel
Director

Date: 23 August 2022

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SIMON GLOBAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Simon Global Limited is a private company limited by shares, incorporated in England and Wales. It's registered office is Suite 1, 3rd Floor, 11-12 St. James's Square, London, SW1Y 4LB.
The principal activity of the company continued to be that of consultancy services to its parent company with regard to potential investments in property and the reviewing and developing of financing opportunities in the UK and throughout Europe.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts are prepared on a going concern basis notwithstanding the net liabilities as shown in the balance sheet.  The going concern status of the company is dependent upon the continued support of the parent company.  The directors expect this support to continue. At present they anticipate there will be limited activity in the company.
Taking into account a period exceeding 12 months from the date of approval of these financial statements, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and for that reason have prepared the financial statements using the going concern principle.

 
2.3

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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SIMON GLOBAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.6

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is USD.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The directors do not consider there to be any key judgements or key sources of estimation uncertainty in preparing the financial statements.


4.


Employees

The average monthly number of employees, including directors, during the year was 3 (2020 - 3).

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SIMON GLOBAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

5.


Debtors

2021
2020
$
$


Prepayments and accrued income
1,330
-

1,330
-



6.


Creditors: Amounts falling due within one year

2021
2020
$
$

Amounts owed to group undertakings
19,202
9,790

Accruals and deferred income
4,467
4,101

23,669
13,891



7.


Related party transactions

The company has taken advantage of the exemption provided by FRS 102 from disclosing transactions
with members of the same group that are wholly owned.


8.


Controlling party

The parent company and controlling party is Simon Property Group Administrative Services Partnership, LP (registered in Delaware USA), by virtue of its 100% shareholding in Simon Global Limited. 
The ultimate parent company and ultimate controlling party is Simon Property Group, Inc due to it being the ultimate parent of Simon Property Group Administrative Services Partnership, LP. Simon Property Group, Inc is a public company registered in the United States of America. Its corporate headquarters are located at 225 West Washington Street, Indianapolis, Indiana 46204. The consolidated accounts for the group are available on the website of Simon Property Group, Inc.


9.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2021 was unqualified.

The audit report was signed on 26 August 2022 by Louise Watts (Senior statutory auditor) on behalf of Venthams Limited, Chartered Accountants.

 
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