REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD 3 JULY 2023 TO 31 MARCH 2024 |
FOR |
SIMPLAST PROPERTIES UK LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD 3 JULY 2023 TO 31 MARCH 2024 |
FOR |
SIMPLAST PROPERTIES UK LIMITED |
SIMPLAST PROPERTIES UK LIMITED (REGISTERED NUMBER: 14974494) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Period 3 July 2023 to 31 March 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
SIMPLAST PROPERTIES UK LIMITED |
COMPANY INFORMATION |
for the Period 3 July 2023 to 31 March 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Certified Accountants |
Statutory Auditor |
42 Pitt Street |
Barnsley |
South Yorkshire |
S70 1BB |
SIMPLAST PROPERTIES UK LIMITED (REGISTERED NUMBER: 14974494) |
BALANCE SHEET |
31 March 2024 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The financial statements were approved by the director and authorised for issue on |
SIMPLAST PROPERTIES UK LIMITED (REGISTERED NUMBER: 14974494) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Period 3 July 2023 to 31 March 2024 |
1. | STATUTORY INFORMATION |
Simplast Properties UK Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared on a going concern basis under the historical cost convention. |
Going concern |
The directors have received confirmation from the parent company that it will continue to support the company, and specifically not require repayment of loans which would affect the company's ability to remain a going concern. |
With this support in place, and after assessing the parent's ability to provide support if required, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the period of 12 months from the date of approval of these financial statements |
Turnover |
Turnover is measured at the fair value of the consideration for rents receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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 period 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. |
SIMPLAST PROPERTIES UK LIMITED (REGISTERED NUMBER: 14974494) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 3 July 2023 to 31 March 2024 |
3. | ACCOUNTING POLICIES - continued |
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 period 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. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
In the opinion of the director, the market value of the investment property at the year end equated to cost. |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Amounts owed by group undertakings |
Amounts owed by group undertakings are unsecured, have no fixed date of repayment, carry no interest and are repayable on demand. |
SIMPLAST PROPERTIES UK LIMITED (REGISTERED NUMBER: 14974494) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 3 July 2023 to 31 March 2024 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Bank loans and overdrafts |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
Amounts owed to group undertakings are unsecured, have no fixed date of repayment, carry no interest and are repayable on demand. |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | 1 | 1 |
9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
10. | ULTIMATE CONTROLLING PARTY |
The company's ultimate parent company is Nuova Simplast S.N.C. Di Lorenzin Vincenzo E Ci, a company incorporated in Italy. |