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REGISTERED NUMBER: 11120475 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SIMCERE UK LIMITED

SIMCERE UK LIMITED (REGISTERED NUMBER: 11120475)






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


SIMCERE UK LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTOR: Dr A H Goh





REGISTERED OFFICE: King Court Business Centre
London Road
Stevenage
SG1 2NG





REGISTERED NUMBER: 11120475 (England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

SIMCERE UK LIMITED (REGISTERED NUMBER: 11120475)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,777 2,368

CURRENT ASSETS
Debtors 5 534,936 812,850
Cash at bank and in hand 247,959 152,496
782,895 965,346
CREDITORS
Amounts falling due within one year 6 64,596 247,946
NET CURRENT ASSETS 718,299 717,400
TOTAL ASSETS LESS CURRENT
LIABILITIES

721,076

719,768

CREDITORS
Amounts falling due after more than one
year

7

1,843,653

1,909,911
NET LIABILITIES (1,122,577 ) (1,190,143 )

CAPITAL AND RESERVES
Called up share capital 100 100
Capital contribution 10,748 20,614
Retained earnings (1,133,425 ) (1,210,857 )
(1,122,577 ) (1,190,143 )

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 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.

SIMCERE UK LIMITED (REGISTERED NUMBER: 11120475)

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 September 2024 and were signed by:





Dr A H Goh - Director


SIMCERE UK LIMITED (REGISTERED NUMBER: 11120475)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Simcere UK 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 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.

The financial statements have been prepared on the going concern basis due to the ongoing financial support of the parent company.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of income and retained earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 year was 3 (2022 - 3 ) .

SIMCERE UK LIMITED (REGISTERED NUMBER: 11120475)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 1,100 4,755 5,855
Additions 1,175 660 1,835
At 31 December 2023 2,275 5,415 7,690
DEPRECIATION
At 1 January 2023 275 3,212 3,487
Charge for year 500 926 1,426
At 31 December 2023 775 4,138 4,913
NET BOOK VALUE
At 31 December 2023 1,500 1,277 2,777
At 31 December 2022 825 1,543 2,368

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 525,000 805,000
Other debtors 2,086 -
527,086 805,000

Amounts falling due after more than one year:
Other debtors 7,850 7,850

Aggregate amounts 534,936 812,850

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,094 3,356
Taxation and social security 8,173 65,086
Other creditors 51,329 179,504
64,596 247,946

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Amounts owed to group undertakings 1,843,653 1,909,911

SIMCERE UK LIMITED (REGISTERED NUMBER: 11120475)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year - 26,693