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Company Registration No. 11732208 (England and Wales)
SIMS PROPERTY LIMITED Unaudited accounts for the year ended 31 December 2023
SIMS PROPERTY LIMITED Unaudited accounts Contents
Page
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SIMS PROPERTY LIMITED Company Information for the year ended 31 December 2023
Directors
Gary Sims Cheryl Sims
Company Number
11732208 (England and Wales)
Registered Office
66 NORTON ROAD LETCHWORTH SG6 1AE UNITED KINGDOM
Accountants
KAJ ASSOCIATES 9 MCGREDY CHESHUNT LONDON EN7 6JZ
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SIMS PROPERTY LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
179,878 
179,878 
Current assets
Debtors
(516)
- 
Cash at bank and in hand
482 
12,075 
(34)
12,075 
Creditors: amounts falling due within one year
(161,768)
(1,843)
Net current (liabilities)/assets
(161,802)
10,232 
Total assets less current liabilities
18,076 
190,110 
Creditors: amounts falling due after more than one year
- 
(184,271)
Net assets
18,076 
5,839 
Capital and reserves
Called up share capital
180 
180 
Profit and loss account
17,896 
5,659 
Shareholders' funds
18,076 
5,839 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2024 and were signed on its behalf by
Cheryl Sims Director Company Registration No. 11732208
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SIMS PROPERTY LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
SIMS PROPERTY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11732208. The registered office is 66 NORTON ROAD, LETCHWORTH, SG6 1AE, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation provided
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 January 2023
179,878 
At 31 December 2023
179,878 
Depreciation
At 31 December 2023
- 
Net book value
At 31 December 2023
179,878 
At 31 December 2022
179,878 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
(516)
- 
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SIMS PROPERTY LIMITED Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
2,871 
1,327 
Other creditors
- 
516 
Loans from directors
158,897 
- 
161,768 
1,843 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
- 
184,271 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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