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REGISTERED NUMBER: 13511943 (England and Wales)















Financial Statements for the Year Ended 31 October 2024

for

Simpson Khan Holdings Ltd

Simpson Khan Holdings Ltd (Registered number: 13511943)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Simpson Khan Holdings Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr D Khan
Ms C D Simpson





REGISTERED OFFICE: 36 Brownhills Road
Norton Canes
Cannock
Staffordshire
WS11 9SD





REGISTERED NUMBER: 13511943 (England and Wales)

Simpson Khan Holdings Ltd (Registered number: 13511943)

Abridged Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 450,001 510,001
Tangible assets 5 105,752 -
Investments 6 400,000 400,000
Investment property 7 35,251 -
991,004 910,001

CURRENT ASSETS
Debtors 398,707 231,017
Cash at bank 214,165 370,447
612,872 601,464
CREDITORS
Amounts falling due within one year 15,249 6,697
NET CURRENT ASSETS 597,623 594,767
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,588,627

1,504,768

CREDITORS
Amounts falling due after more than one
year

8

1,030,000

1,030,000
NET ASSETS 558,627 474,768

CAPITAL AND RESERVES
Called up share capital 9 100 100
Capital redemption reserve 60,000 60,000
Retained earnings 498,527 414,668
SHAREHOLDERS' FUNDS 558,627 474,768

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 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.

Simpson Khan Holdings Ltd (Registered number: 13511943)

Abridged Balance Sheet - continued
31 October 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2025 and were signed on its behalf by:





Ms C D Simpson - Director


Simpson Khan Holdings Ltd (Registered number: 13511943)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Simpson Khan Holdings Ltd 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Simpson Khan Holdings Ltd (Registered number: 13511943)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

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 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2023
and 31 October 2024 600,001
AMORTISATION
At 1 November 2023 90,000
Amortisation for year 60,000
At 31 October 2024 150,000
NET BOOK VALUE

At 31 October 2024 450,001
At 31 October 2023 510,001

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 105,752
At 31 October 2024 105,752
NET BOOK VALUE
At 31 October 2024 105,752

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 November 2023
and 31 October 2024 400,000
NET BOOK VALUE
At 31 October 2024 400,000
At 31 October 2023 400,000

Simpson Khan Holdings Ltd (Registered number: 13511943)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 35,251
At 31 October 2024 35,251
NET BOOK VALUE
At 31 October 2024 35,251

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.10.24 31.10.23
£    £   
Repayable otherwise than by instalments
Preference shares 1,030,000 1,030,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24 31.10.23
£    £   
Mr D Khan and Ms C D Simpson
Balance outstanding at start of year 102,226 109,707
Amounts advanced 213,757 76,276
Amounts repaid (203,100 ) (83,757 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 112,883 102,226

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.