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Company Registration No. 11328276 (England and Wales)
SIM ESTATE LTD Unaudited accounts for the year ended 30 November 2023
SIM ESTATE LTD Unaudited accounts Contents
Page
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SIM ESTATE LTD Company Information for the year ended 30 November 2023
Director
Sivabalasingam Balamurali
Company Number
11328276 (England and Wales)
Registered Office
209 THE HEIGHTS NORTHOLT UB5 4BX ENGLAND
Accountants
IRTS Business Solutions Limited 209 The Heights Northolt Middlesex UB5 4BX
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SIM ESTATE LTD Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,340,202 
1,886,103 
Current assets
Cash at bank and in hand
41,500 
122,510 
Creditors: amounts falling due within one year
(717,430)
(605,403)
Net current liabilities
(675,930)
(482,893)
Total assets less current liabilities
1,664,272 
1,403,210 
Creditors: amounts falling due after more than one year
(1,651,779)
(1,391,322)
Net assets
12,493 
11,888 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
11,493 
10,888 
Shareholders' funds
12,493 
11,888 
For the year ending 30 November 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 director acknowledges his 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 and authorised for issue on 22 August 2024 and were signed on its behalf by
Sivabalasingam Balamurali Director Company Registration No. 11328276
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SIM ESTATE LTD Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
SIM ESTATE LTD is a private company, limited by shares, registered in England and Wales, registration number 11328276. The registered office is 209 THE HEIGHTS, NORTHOLT, UB5 4BX, ENGLAND.
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:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 December 2022
1,886,103 
Additions
454,099 
At 30 November 2023
2,340,202 
Depreciation
At 30 November 2023
- 
Net book value
At 30 November 2023
2,340,202 
At 30 November 2022
1,886,103 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
2,697 
2,555 
Loans from directors
711,133 
600,328 
Accruals
3,600 
2,520 
717,430 
605,403 
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SIM ESTATE LTD Notes to the Accounts for the year ended 30 November 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
1,651,779 
1,391,322 
7
Average number of employees
During the year the average number of employees was 1 (2022: 0).
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