Registered number
08905391
Simrah Ltd
Filleted Accounts
28 February 2024
Simrah Ltd
Notes to the Accounts
for the year ended 28 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Investments
Other
investments
£
Cost
At 1 March 2023 1,826,901
At 28 February 2024 1,826,901
Historical cost
At 1 March 2023 259,187
At 28 February 2024 259,187
Historical cost for 74 holt road, purchased in March 2019 - £129,559. 15 Esher road, purchased in April 2020 is £129,628. 15 Esher road was revalued in February 2021 to £230,000.
74 Holt Road was revlaued in March 2021 to £210k. There were new purchase of 205 Dawlish Road - £450k, 203 Dawlish Road, £450k, 185 Tiverton Road - £185k and 102 Holt Road - £210k.
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 11,360 15,233
Other creditors 301,750 343,565
313,110 358,798
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,172,197 1,172,197
6 Revaluation reserve 2024 2023
£ £
At 1 March 2023 150,151 150,151
At 28 February 2024 150,151 150,151
7 Other information
Simrah Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Meerbrook
Alan Drive
Hale
Altricham
WA15 0LR
Simrah Ltd
Registered number: 08905391
Balance Sheet
as at 28 February 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 1,826,901 1,826,901
Current assets
Cash at bank and in hand 5,398 4,933
Creditors: amounts falling due within one year 4 (313,110) (358,798)
Net current liabilities (307,712) (353,865)
Total assets less current liabilities 1,519,189 1,473,036
Creditors: amounts falling due after more than one year 5 (1,172,197) (1,172,197)
Net assets 346,992 300,839
Capital and reserves
Called up share capital 10,000 10,000
Revaluation reserve 6 150,151 150,151
Profit and loss account 186,841 140,688
Shareholders' funds 346,992 300,839
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Simon Ellenbogen
Director
Approved by the board on 18 September 2024
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