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REGISTERED NUMBER: 10605884 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

S P Sim Properties Limited

S P Sim Properties Limited (Registered number: 10605884)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

S P Sim Properties Limited

Company Information
for the Year Ended 31 March 2025







DIRECTOR: Ms S K Dhindsa



REGISTERED OFFICE: 10 Buckingham Road
Epping
Essex
CM16 5AG



REGISTERED NUMBER: 10605884 (England and Wales)



ACCOUNTANTS: ElanTax.com
Unit 3 Cedar Court
1 Royal Oak Yard
London
SE1 3GA



BANKERS: Santander UK plc
Bridle Road
Merseyside
L30 4GB

S P Sim Properties Limited (Registered number: 10605884)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,338 38,338
Investments 5 2,386,015 2,118,227
2,414,353 2,156,565

CURRENT ASSETS
Debtors 6 21,558 11,572
Cash at bank 299 384
21,857 11,956
CREDITORS
Amounts falling due within one year 7 25,971 21,111
NET CURRENT LIABILITIES (4,114 ) (9,155 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,410,239

2,147,410

CREDITORS
Amounts falling due after more than one
year

8

(2,061,145

)

(1,841,655

)

PROVISIONS FOR LIABILITIES (21,571 ) (23,470 )
NET ASSETS 327,523 282,285

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 69,004 69,004
Retained earnings 258,419 213,181
SHAREHOLDERS' FUNDS 327,523 282,285

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

S P Sim Properties Limited (Registered number: 10605884)

Balance Sheet - continued
31 March 2025


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

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

The financial statements were approved by the director and authorised for issue on 10 July 2025 and were signed by:





Ms S K Dhindsa - Director


S P Sim Properties Limited (Registered number: 10605884)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

S P Sim Properties Limited 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2024
and 31 March 2025 1,094 65,224 4,249 70,567
DEPRECIATION
At 1 April 2024 904 28,700 2,625 32,229
Charge for year 48 9,131 821 10,000
At 31 March 2025 952 37,831 3,446 42,229
NET BOOK VALUE
At 31 March 2025 142 27,393 803 28,338
At 31 March 2024 190 36,524 1,624 38,338

S P Sim Properties Limited (Registered number: 10605884)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. INVESTMENTS
Total
£   
FAIR VALUE
At 1 April 2024 2,118,227
Additions 267,788
At 31 March 2025 2,386,015
NET BOOK VALUE
At 31 March 2025 2,386,015
At 31 March 2024 2,118,227

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2020 85,190
Cost 2,300,825
2,386,015

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Other debtors 20,002 10,001
Prepayments 1,556 1,571
21,558 11,572

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Tax 14,309 9,449
Directors' current accounts 7,956 7,956
Accrued expenses 3,706 3,706
25,971 21,111

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans 274,051 274,051
Directors' loan accounts 1,787,094 1,567,604
2,061,145 1,841,655

9. RESERVES
Revaluation
reserve
£   
At 1 April 2024
and 31 March 2025 69,004

S P Sim Properties Limited (Registered number: 10605884)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25 31.3.24
£    £   
Ms S K Dhindsa
Balance outstanding at start of year (1,575,559 ) (1,311,109 )
Amounts advanced 60,710 50,850
Amounts repaid (280,200 ) (315,300 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,795,049 ) (1,575,559 )

S P Sim Properties Limited

Report of the Accountants to the Director of
S P Sim Properties Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






ElanTax.com
Unit 3 Cedar Court
1 Royal Oak Yard
London
SE1 3GA


Date: .............................................