| Simrah Ltd |
| Registered number: |
08905391 |
| Balance Sheet |
| as at 28 February 2023 |
|
| Notes |
|
|
2023 |
|
|
2022 |
| £ |
£ |
| Fixed assets |
| Investments |
3 |
|
|
1,826,901 |
|
|
1,826,901 |
|
| Current assets |
| Cash at bank and in hand |
|
|
4,933 |
|
|
3,711 |
|
| Creditors: amounts falling due within one year |
4 |
|
(358,798) |
|
|
(422,725) |
|
| Net current liabilities |
|
|
|
(353,865) |
|
|
(419,014) |
|
| Total assets less current liabilities |
|
|
|
1,473,036 |
|
|
1,407,887 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(1,172,197) |
|
|
(1,172,197) |
|
|
|
| Net assets |
|
|
|
300,839 |
|
|
235,690 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
10,000 |
|
|
10,000 |
| Revaluation reserve |
6 |
|
|
150,151 |
|
|
150,151 |
| Profit and loss account |
|
|
|
140,688 |
|
|
75,539 |
|
| Shareholders' funds |
|
|
|
300,839 |
|
|
235,690 |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
| Simon Ellenbogen |
| Director |
| Approved by the board on 16 October 2023 |
|
| Simrah Ltd |
| Notes to the Accounts |
| for the year ended 28 February 2023 |
|
|
| 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
| 2 |
Employees |
2023 |
|
2022 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 March 2022 |
1,826,901 |
|
|
At 28 February 2023 |
1,826,901 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 March 2022 |
259,187 |
|
At 28 February 2023 |
259,187 |
|
|
|
|
|
|
|
|
|
|
Historical cost for 74 holt road, purchased in March 2019 - £129,559. 15 Esher road, purchased in April 2020 is £129,628. 15 Esher road was revalued in February 2021 to £230,000.
74 Holt Road was revlaued in March 2021 to £210k. There were new purchase of 205 Dawlish Road - £450k, 203 Dawlish Road, £450k, 185 Tiverton Road - £185k and 102 Holt Road - £210k. |
|
|
| 4 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
| £ |
£ |
|
|
Taxation and social security costs |
15,233 |
|
15,865 |
|
Other creditors |
343,565 |
|
406,860 |
|
|
|
|
|
|
358,798 |
|
422,725 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2023 |
|
2022 |
| £ |
£ |
|
|
Bank loans |
1,172,197 |
|
1,172,197 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Revaluation reserve |
2023 |
|
2022 |
| £ |
£ |
|
|
At 1 March 2022 |
150,151 |
|
81,301 |
|
Gain on revaluation of land and buildings |
- |
|
85,000 |
|
Deferred taxation arising on the revaluation of land and buildings |
- |
|
(16,150) |
|
|
At 28 February 2023 |
150,151 |
|
150,151 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
Simrah Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Meerbrook |
|
Alan Drive |
|
Hale |
|
Altricham |
|
WA15 0LR |