Registered number
11337438
Simba Enterprise (UK) Ltd
Filleted Accounts
31 March 2024
Simba Enterprise (UK) Ltd
Registered number: 11337438
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 729,000 542,550
Current assets
Debtors 4 9,363 -
Cash at bank and in hand 41,920 42,646
51,283 42,646
Creditors: amounts falling due within one year 5 (527,782) (530,398)
Net current liabilities (476,499) (487,752)
Net assets 252,501 54,798
Capital and reserves
Called up share capital 100 100
Revaluation reserve 6 186,450 -
Profit and loss account 65,951 54,698
Shareholders' funds 252,501 54,798
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.
Minesh Shah
Director
Approved by the board on 22 March 2025
Simba Enterprise (UK) Ltd
Notes to the Accounts
for the year ended 31 March 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.
Investment Property
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Investment property
Property
investments
£
Cost
At 1 April 2023 542,550
Revaluation 186,450
At 31 March 2024 729,000
Historical cost
At 1 April 2023 542,550
At 31 March 2024 542,550
The investment property was valued at £900,000 by directors in March 2024.
No depreciation is provided in respect of the property.
On an historical cost basis these would have been included at an original cost of £542,500 (2023 - £542,500).
4 Debtors 2024 2023
£ £
Trade debtors 9,363 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 881 781
Taxation and social security costs 3,081 3,034
Other creditors 523,820 526,583
527,782 530,398
6 Revaluation reserve 2024 2023
£ £
Gain on revaluation of land and buildings 357,450 -
Deferred taxation arising on the revaluation of land and buildings (171,000) -
At 31 March 2024 186,450 -
7 Related party transactions
Other debtor includes a balance of £30,504 (2023: £30,504) due from Plumb Tools Direct Ltd. Minesh Shah & Bhavika Shah both are Directors and 50% Shareholders in this company.
8 Other information
Simba Enterprise (UK) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 2, Capital Business Centre
Garnett Close
Watford
Herts
WD24 7GN
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