0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-02-01 Sage Accounts Production Advanced 2023 - FRS102_2023 443,959 443,959 443,959 xbrli:pure xbrli:shares iso4217:GBP 09950442 2023-02-01 2023-12-31 09950442 2023-12-31 09950442 2023-01-31 09950442 2022-02-01 2023-01-31 09950442 2023-01-31 09950442 2022-01-31 09950442 bus:Director2 2023-02-01 2023-12-31 09950442 core:WithinOneYear 2023-12-31 09950442 core:WithinOneYear 2023-01-31 09950442 core:ShareCapital 2023-12-31 09950442 core:ShareCapital 2023-01-31 09950442 core:RetainedEarningsAccumulatedLosses 2023-12-31 09950442 core:RetainedEarningsAccumulatedLosses 2023-01-31 09950442 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 09950442 core:LandBuildings core:OwnedOrFreeholdAssets 2023-01-31 09950442 bus:SmallEntities 2023-02-01 2023-12-31 09950442 bus:AuditExempt-NoAccountantsReport 2023-02-01 2023-12-31 09950442 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2023-12-31 09950442 bus:PrivateLimitedCompanyLtd 2023-02-01 2023-12-31 09950442 bus:FullAccounts 2023-02-01 2023-12-31
COMPANY REGISTRATION NUMBER: 09950442
Simonex Limited
Filleted Unaudited Financial Statements
31 December 2023
Simonex Limited
Statement of Financial Position
31 December 2023
31 Dec 23
31 Jan 23
Note
£
£
Fixed assets
Tangible assets
4
443,959
443,959
Current assets
Debtors
5
13,146
12,796
Cash at bank and in hand
95,268
79,795
---------
--------
108,414
92,591
Creditors: amounts falling due within one year
6
462,209
456,076
---------
---------
Net current liabilities
353,795
363,485
---------
---------
Total assets less current liabilities
90,164
80,474
--------
--------
Net assets
90,164
80,474
--------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
90,163
80,473
--------
--------
Shareholders funds
90,164
80,474
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Simonex Limited
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 4 April 2025 , and are signed on behalf of the board by:
Mrs S Friedman
Director
Company registration number: 09950442
Simonex Limited
Notes to the Financial Statements
Period from 1 February 2023 to 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Investment property
The Investment property is initially recorded at cost, which includes the purchase price and any directly attributable expenditure. The Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Tangible assets
Freehold property
£
Cost
At 1 February 2023 and 31 December 2023
443,959
---------
Depreciation
At 1 February 2023 and 31 December 2023
---------
Carrying amount
At 31 December 2023
443,959
---------
At 31 January 2023
443,959
---------
The investment property were valued by the directors as at 31 December 2023 having considered the open market value of the property. No independent valuation was undertaken.
5. Debtors
31 Dec 23
31 Jan 23
£
£
Trade debtors
1,658
1,308
Amounts owed by group undertakings and undertakings in which the company has a participating interest
11,488
11,488
--------
--------
13,146
12,796
--------
--------
6. Creditors: amounts falling due within one year
31 Dec 23
31 Jan 23
£
£
Corporation tax
13,377
9,482
Other creditors
443,396
443,456
Other creditors
5,436
3,138
---------
---------
462,209
456,076
---------
---------