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REGISTERED NUMBER: 14455657 (England and Wales)










FINANCIAL STATEMENTS

FOR THE PERIOD

1 NOVEMBER 2022 TO 30 NOVEMBER 2023

FOR

SIMSPACE CYBER UK LTD

SIMSPACE CYBER UK LTD (REGISTERED NUMBER: 14455657)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2022 TO 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SIMSPACE CYBER UK LTD

COMPANY INFORMATION
FOR THE PERIOD 1 NOVEMBER 2022 TO 30 NOVEMBER 2023







Directors: J C Gerber
W Hutchison





Registered office: C/o Arnold & Porter Kaye
Scholer (UK) LLP Tower 42
25 Old Broad Street
London
EC2N 1HQ





Registered number: 14455657 (England and Wales)





Auditors: Bishop Fleming LLP
10 Temple Back
Redcliffe
Bristol
BS1 6FL

SIMSPACE CYBER UK LTD (REGISTERED NUMBER: 14455657)

BALANCE SHEET
30 NOVEMBER 2023

Notes £   
CURRENT ASSETS
Debtors 4 29,350
Cash at bank 25,778
55,128
CREDITORS
Amounts falling due within one year 5 (31,136 )
NET CURRENT ASSETS 23,992
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,992

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings 23,991
SHAREHOLDERS' FUNDS 23,992

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 17 July 2024 and were signed on its behalf by:





J C Gerber - Director


SIMSPACE CYBER UK LTD (REGISTERED NUMBER: 14455657)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2022 TO 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Simspace Cyber UK Ltd 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 (£) and the financial statements have been rounded to the nearest 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents amounts charged to the Company's parent under a sales and marketing agreement, excluding value added tax. Turnover is recognised when chargeable costs are incurred.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities
Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

Taxation
Taxation for the period 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

SIMSPACE CYBER UK LTD (REGISTERED NUMBER: 14455657)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2022 TO 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed by group undertakings 28,307
Other debtors 1,043
29,350

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 2,027
Taxation and social security 13,372
Other creditors 15,737
31,136

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The auditors' report on the financial statements for the 13 month period ended 30 November 2023 was unqualified. The audit
report was signed on 18 July 2024 by John Talbot FCA (Senior statutory auditor) on behalf of Bishop Fleming LLP.

7. ULTIMATE PARENT COMPANY

The Company is a wholly owned subsidiary of SimSpace International, LLC, a company incorporated in United States of America. The ultimate parent company is SimSpace Corporation, a company incorporated in United States of America. The registered address is 320 Congress St. FL7 Boston, MA 02210.

The largest and smallest group in which the results of the company are consolidated is that headed by SimSpace Corporation.