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REGISTERED NUMBER: 00247297 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

SIMPSON (RYE HARBOUR) LIMITED

SIMPSON (RYE HARBOUR) LIMITED (REGISTERED NUMBER: 00247297)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

SIMPSON (RYE HARBOUR) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: P P Gould
A R Gould
S E Fryer





SECRETARY: A R Gould





REGISTERED OFFICE: 28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ





REGISTERED NUMBER: 00247297 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ

SIMPSON (RYE HARBOUR) LIMITED (REGISTERED NUMBER: 00247297)

BALANCE SHEET
31 DECEMBER 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,082 6,939
Investments 5 16,742 19,882
22,824 26,821

CURRENT ASSETS
Debtors 6 27,677 26,978
Cash at bank 120,220 107,365
147,897 134,343
CREDITORS
Amounts falling due within one year 7 163,552 154,113
NET CURRENT LIABILITIES (15,655 ) (19,770 )
TOTAL ASSETS LESS CURRENT LIABILITIES 7,169 7,051

PROVISIONS FOR LIABILITIES 8 816 -
NET ASSETS 6,353 7,051

CAPITAL AND RESERVES
Called up share capital 9 3,394 3,394
Capital redemption reserve 10 8,658 8,658
Retained earnings 10 (5,699 ) (5,001 )
SHAREHOLDERS' FUNDS 6,353 7,051

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

SIMPSON (RYE HARBOUR) LIMITED (REGISTERED NUMBER: 00247297)

BALANCE SHEET - continued
31 DECEMBER 2022


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 9 November 2023 and were signed on its behalf by:





P P Gould - Director


SIMPSON (RYE HARBOUR) LIMITED (REGISTERED NUMBER: 00247297)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

Simpson (Rye Harbour) Limited 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 as modified by the revaluation of certain assets.

The directors have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. Although current liabilities exceed current assets, the director is optimistic that the company will meet all liabilities as they become due.

As a result they have adopted the going concern basis of accounting.

Turnover
Turnover represents invoices raised in respect of property rental and income received from investments.

Turnover is recognised at the point which the right to consideration becomes due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 10% on reducing balance

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.

Intangible assets
Investments are included at market value as at the balance sheet date. Profits or losses arising from disposal of fixed asset investments are treated as part of the result from ordinary activities.

Income from investments comprises of dividends declared during the accounting period and interest received on listed and unlisted investments.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

SIMPSON (RYE HARBOUR) LIMITED (REGISTERED NUMBER: 00247297)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 January 2022
and 31 December 2022 5,283 29,021 2,313 36,617
DEPRECIATION
At 1 January 2022 3,389 24,095 2,194 29,678
Charge for year 106 739 12 857
At 31 December 2022 3,495 24,834 2,206 30,535
NET BOOK VALUE
At 31 December 2022 1,788 4,187 107 6,082
At 31 December 2021 1,894 4,926 119 6,939

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST OR VALUATION
At 1 January 2022 19,882
Revaluations (3,140 )
At 31 December 2022 16,742
NET BOOK VALUE
At 31 December 2022 16,742
At 31 December 2021 19,882

Cost or valuation at 31 December 2022 is represented by:

Unlisted
investments
£   
Valuation in 2014 25,525
Valuation in 2015 11,239
Valuation in 2016 1,477
Valuation in 2017 3,916
Valuation in 2018 (17,318 )
Valuation in 2019 (3,824 )
Valuation in 2020 (18,801 )
Valuation in 2021 173
Valuation in 2022 (3,140 )
Cost 17,495
16,742

SIMPSON (RYE HARBOUR) LIMITED (REGISTERED NUMBER: 00247297)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

5. FIXED ASSET INVESTMENTS - continued

If fixed assets investments had not been revalued they would have been included at the following historical cost:

31.12.22 31.12.21
£    £   
Cost 17,495 17,495

Stock exchange securities were valued on an open market basis on 31 December 2022 by the London Stock Exchange .

The investments comprise of Stock Exchange securities, unquoted shares and rare coins.

The rare coins were originally purchased for £5,500 during 1992 but their value has been reduced to £1,000 following the verbal opinion obtained by the directors.
The market value of the investments listed on the Stock Exchange at 31 December 2022 was £16,742 (2021 - £19,882).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Prepayments 27,677 26,978

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Tax 5 -
Social security and other taxes 321 246
Directors' current accounts 156,459 147,361
Income received in advance 5,329 5,066
Accrued expenses 1,438 1,440
163,552 154,113

8. PROVISIONS FOR LIABILITIES
31.12.22 31.12.21
£    £   
Deferred tax
Accelerated capital allowances 816 -

Deferred
tax
£   
Provided during year 816
Balance at 31 December 2022 816

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 31.12.21
value: £    £   
13,576 Ordinary shares 0.25 3,394 3,394

SIMPSON (RYE HARBOUR) LIMITED (REGISTERED NUMBER: 00247297)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

10. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 January 2022 (5,001 ) 8,658 3,657
Profit for the year 2,442 2,442
Revaluations (3,140 ) - (3,140 )
At 31 December 2022 (5,699 ) 8,658 2,959

11. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed Mr P Gould £156,459 (2021 - £147,361).

This loan is interest free and has no terms attached.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SIMPSON (RYE HARBOUR) LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Simpson (Rye Harbour) Limited for the year ended 31 December 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Simpson (Rye Harbour) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Simpson (Rye Harbour) Limited and state those matters that we have agreed to state to the Board of Directors of Simpson (Rye Harbour) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Simpson (Rye Harbour) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Simpson (Rye Harbour) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Simpson (Rye Harbour) Limited. You consider that Simpson (Rye Harbour) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Simpson (Rye Harbour) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ


9 November 2023