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REGISTERED NUMBER: 10429519 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

SIMI HOLDING LIMITED

SIMI HOLDING LIMITED (REGISTERED NUMBER: 10429519)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SIMI HOLDING LIMITED

Company Information
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: A Aimar





REGISTERED OFFICE: 111 Park Street, Mayfair
London
W1K 7JF





REGISTERED NUMBER: 10429519 (England and Wales)





ACCOUNTANTS: A.C.T. London Limited
27 Hill Street
Mayfair, London
W1J 5LP

SIMI HOLDING LIMITED (REGISTERED NUMBER: 10429519)

Balance Sheet
31 OCTOBER 2023

31.10.23 31.10.22
Notes
FIXED ASSETS
Investments 4 5,000 5,000

CURRENT ASSETS
Debtors 5 3,223,516 3,247,668
Prepayments and accrued income - 1,740
Cash at bank 27 1,495
3,223,543 3,250,903
CREDITORS
Amounts falling due within one year 6 (8,853 ) (11,391 )
NET CURRENT ASSETS 3,214,690 3,239,512
TOTAL ASSETS LESS CURRENT LIABILITIES 3,219,690 3,244,512

CAPITAL AND RESERVES
Called up share capital 1,186 1,186
Other reserves 2,839,445 2,839,445
Retained earnings 379,059 403,881
3,219,690 3,244,512

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

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

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 26 July 2024 and were signed by:





A Aimar - Director


SIMI HOLDING LIMITED (REGISTERED NUMBER: 10429519)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Simi Holding 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 Euro (€).


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.

Investments in subsidiaries
Investments in Subsidiaries are recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

The carrying value is reviewed for permanent diminution when events or changes in circumstances indicate the carrying value may not be recoverable.

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.

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

Going concern
The accounts have been prepared on the going concern basis. At the balance sheet date the company has net assets of € 3,219,690 (2022: €3,244,512). The director is of the opinion that the shareholder of the company will continue to support it, and provide adequate funding when necessary to enable it to meet its obligations for the foreseeable future, being for a period of at least twelve months from the date of approval of the financial statements.

3. EMPLOYEES AND DIRECTORS

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

SIMI HOLDING LIMITED (REGISTERED NUMBER: 10429519)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. FIXED ASSET INVESTMENTS
Shares in
Subsidiaries
COST
At 1 November 2022
and 31 October 2023 5,000
NET BOOK VALUE
At 31 October 2023 5,000
At 31 October 2022 5,000

The company sold the holding of 60% ordinary share capital in Return SRL (company registered in Italy) to Alma Grand SA (company registered in Luxembourg) on March 7, 2022.

The loan to Return SRL (principal and interest) with total of €7,667,008 was also assigned to Alma Grand SA on March 7, 2022.

5. DEBTORS
31.10.23 31.10.22
Amounts falling due within one year:
Amounts owed by group undertakings 155,770 155,770

Amounts falling due after more than one year:
Amounts owed by group undertakings 3,067,746 3,091,898

Aggregate amounts 3,223,516 3,247,668

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
Trade creditors - 1,102
Tax 8,571 8,207
Accruals and deferred income 282 2,082
8,853 11,391

7. RELATED PARTY DISCLOSURES

No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 1A other than those disclosed in notes 4 and 5 to the financial statements.

8. PARENT-SUBSIDIARY RELATIONSHIP

The company's immediate and ultimate parent company is Alma Grand SA, a company incorporated in Luxembourg. Its registered address is 4 Rue Albert, Borschette, L-1246 Luxembourg.

9. RESERVES

The other reserves represents Capital contribution from the shareholder.