SIMIHAZE LIMITED
REGISTERED NUMBER: 13068574
BALANCE SHEET
AS AT 31 DECEMBER 2023
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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SIMIHAZE LIMITED
REGISTERED NUMBER: 13068574
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023
Notes
Simihaze Limited is a private Company limited by shares incorporated in England and Wales within the United Kingdom. The registration number is 13068574 and the address of the registered office is 7 Savoy Court, London, United Kingdom, WC2R 0EX.
Average number of employees
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The average monthly number of employees, including directors, during the year was 1 (2022 - 1).
The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
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SIMIHAZE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
1.Accounting policies
The financial statements are prepared on the going concern basis.
This is on the basis that the director understands the informal borrowing entered into by the company from the shareholders shall continue to be made available to it and on this basis considers it appropriate to prepare the financial statements on the going concern basis.
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Foreign currency translation
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Functional and presentation currency
The Company's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
Investments in subsidiaries are measured at cost less accumulated impairment.
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SIMIHAZE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
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Investments in subsidiary companies
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Upon the acquisition of the company's subsidiary during the year the company has a liability of €746,000 that is contingent upon future events. While an obligation is probable the amount that will be due cannot be estimated reliably and as a result is not recognised in the financial statements.
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