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REGISTERED NUMBER: 04552853 (England and Wales)















SIMMONS INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023






SIMMONS INVESTMENTS LIMITED (REGISTERED NUMBER: 04552853)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SIMMONS INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: C S Simmons
Mrs L A Simmons





SECRETARY: Mrs L A Simmons





REGISTERED OFFICE: Cottage Farm
Cannock Road
Brocton
Stafford
Staffordshire
ST17 0SU





REGISTERED NUMBER: 04552853 (England and Wales)

SIMMONS INVESTMENTS LIMITED (REGISTERED NUMBER: 04552853)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 538 717
Investments 5 1 1
Investment property 6 2,619,227 2,600,536
2,619,766 2,601,254

CURRENT ASSETS
Debtors 7 1,783,129 1,448,913
Cash at bank 2,012,630 2,280,021
3,795,759 3,728,934
CREDITORS
Amounts falling due within one year 8 (6,128,546 ) (6,113,030 )
NET CURRENT LIABILITIES (2,332,787 ) (2,384,096 )
TOTAL ASSETS LESS CURRENT LIABILITIES 286,979 217,158

CAPITAL AND RESERVES
Called up share capital 9 3 3
Share premium 32,598 32,598
Retained earnings 254,378 184,557
SHAREHOLDERS' FUNDS 286,979 217,158

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SIMMONS INVESTMENTS LIMITED (REGISTERED NUMBER: 04552853)

BALANCE SHEET - continued
31 DECEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by:





C S Simmons - Director


SIMMONS INVESTMENTS LIMITED (REGISTERED NUMBER: 04552853)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Simmons 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and
rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT. The policies adopted for the recognition of turnover are as follows:

Rental income
Rental income from operating leases (net of any incentives given to the lessees) is recognised on a straight-line basis over the lease term.

Interest receivable
Interest income is recognised using the effective interest method.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.

In the opinion of the director the investment property is included at an amount that accords to its fair value at the balance sheet date.


SIMMONS INVESTMENTS LIMITED (REGISTERED NUMBER: 04552853)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 1,700
DEPRECIATION
At 1 January 2023 983
Charge for year 179
At 31 December 2023 1,162
NET BOOK VALUE
At 31 December 2023 538
At 31 December 2022 717

SIMMONS INVESTMENTS LIMITED (REGISTERED NUMBER: 04552853)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. FIXED ASSET INVESTMENTS
Interest
in other
participating
interests
£   
COST
At 1 January 2023
and 31 December 2023 1
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 2,600,536
Additions 18,691
At 31 December 2023 2,619,227
NET BOOK VALUE
At 31 December 2023 2,619,227
At 31 December 2022 2,600,536

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,189 3,683
Amounts owed by participating interests 1,733,281 1,443,281
Other debtors 604 604
Prepayments and accrued income 38,055 1,345
1,783,129 1,448,913

SIMMONS INVESTMENTS LIMITED (REGISTERED NUMBER: 04552853)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 130 -
Tax 31,728 19,987
Social security and other taxes 181 -
VAT 1,718 7,421
Other creditors 2,610,868 2,576,768
Directors' current accounts 3,451,479 3,481,479
Accruals and deferred income 32,442 27,375
6,128,546 6,113,030

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
320 Ordinary 1p 3 3