Simpson Marketing Limited
Registered number: 03449350
Statement of Financial Position
as at 31 October 2024
Notes 2024 2023
$ $
Fixed assets
Tangible assets 4 2,449 4,898
Financial assets 12,586,540 12,586,540
12,588,989 12,591,438
Current assets
Debtors 5 242,821 1,036,939
Cash at bank and in hand 707,709 631,300
950,530 1,668,239
Creditors: amounts falling due within one year 6 (696,318) (691,532)
Net current assets 254,212 976,707
Net assets 12,843,201 13,568,145
Capital and reserves
Called up share capital 11,406,254 11,406,254
Revaluation reserve 7 167,056 167,056
Profit and loss account 1,269,891 1,994,835
Shareholder's funds 12,843,201 13,568,145
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 member has 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 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.
James Allan Sanford
Director
Approved by the board on 20 May 2025
Simpson Marketing Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 5 years straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.

Unlisted investments (other than investments in subsidiaries, associates and joint ventures) 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/Impairment losses are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction 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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Exceptional items 2024 2023
$ $
Irrecoverable balance on sale of investment 358,260 -
Irrecoverable intercompany balance 282,438 -
640,698 -
3 Employees and directors 2024 2023
Number Number
Average number of directors and persons employed by the company - -
4 Tangible fixed assets
Financial assets Plant and machinery etc Total
$ $ $
Cost
At 1 November 2023 12,586,540 12,245 12,598,785
At 31 October 2024 12,586,540 12,245 12,598,785
Depreciation
At 1 November 2023 - 7,347 7,347
Charge for the year - 2,449 2,449
At 31 October 2024 - 9,796 9,796
Net book value
At 31 October 2024 12,586,540 2,449 12,588,989
At 31 October 2023 12,586,540 4,898 12,591,438
5 Debtors 2024 2023
$ $
Other debtors 242,821 1,036,939
6 Creditors: amounts falling due within one year 2024 2023
$ $
Trade creditors 20,000 20,000
Accruals - 7,390
Other creditors 676,318 664,142
696,318 691,532
7 Revaluation reserve 2024 2023
$ $
At 1 November 2023 167,056 167,056
At 31 October 2024 167,056 167,056
8 Other information
Simpson Marketing Limited is a private company limited by shares and incorporated in England. Its registered office is:
207 Regent Street
3rd Floor
London
W1B 3HH
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