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REGISTERED NUMBER: 04009409 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

SIMMONDS INVESTMENTS LIMITED

SIMMONDS INVESTMENTS LIMITED (REGISTERED NUMBER: 04009409)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SIMMONDS INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: B J Simmonds





SECRETARY: Mrs S M Simmonds





REGISTERED OFFICE: Croft Chambers
11 Bancroft
Hitchin
Herts
SG5 1JQ





REGISTERED NUMBER: 04009409 (England and Wales)





ACCOUNTANTS: Bradshaw Johnson
Chartered Accountants
Croft Chambers
11 Bancroft
Hitchin
Hertfordshire
SG5 1JQ

SIMMONDS INVESTMENTS LIMITED (REGISTERED NUMBER: 04009409)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,910 4,910
Investment property 5 510,000 510,000
514,910 514,910

CURRENT ASSETS
Cash at bank 16,899 16,301

CREDITORS
Amounts falling due within one year 6 28,757 36,753
NET CURRENT LIABILITIES (11,858 ) (20,452 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

503,052

494,458

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 7 296,635 296,635
Retained earnings 206,415 197,821
SHAREHOLDERS' FUNDS 503,052 494,458

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SIMMONDS INVESTMENTS LIMITED (REGISTERED NUMBER: 04009409)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 2023


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 director and authorised for issue on 6 November 2023 and were signed by:





B J Simmonds - Director


SIMMONDS INVESTMENTS LIMITED (REGISTERED NUMBER: 04009409)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Simmonds Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 company activities are supported through the director's loan account. The accounts have been prepared on a going concern basis on the assumption that this support will continue for the foreseeable future.

Turnover
Turnover represents investment income.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Not depreciated

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

SIMMONDS INVESTMENTS LIMITED (REGISTERED NUMBER: 04009409)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Improvements
to
property
£   
COST
At 1 July 2022
and 30 June 2023 4,910
NET BOOK VALUE
At 30 June 2023 4,910
At 30 June 2022 4,910

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 510,000
NET BOOK VALUE
At 30 June 2023 510,000
At 30 June 2022 510,000

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2002 28,280
Valuation in 2005 53,445
Valuation in 2014 49,910
Valuation in 2022 165,000
Cost 213,365
510,000

If investment property had not been revalued it would have been included at the following historical cost:

30.6.23 30.6.22
£    £   
Cost 213,365 213,365

Investment property was valued on an open market basis on 3 December 2021 by Satchells .

SIMMONDS INVESTMENTS LIMITED (REGISTERED NUMBER: 04009409)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Tax 2,016 104
Other creditors 2,082 1,990
Director's current account 24,659 34,659
28,757 36,753

7. RESERVES
Revaluation
reserve
£   
At 1 July 2022
and 30 June 2023 296,635

8. ULTIMATE CONTROLLING PARTY

The controlling party is B J Simmonds.