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SIMON PICKERING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025






SIMON PICKERING LIMITED (REGISTERED NUMBER: 07380135)

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


SIMON PICKERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: Dr S A W Pickering
Mrs S E Pickering





REGISTERED OFFICE: Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS





REGISTERED NUMBER: 07380135 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

SIMON PICKERING LIMITED (REGISTERED NUMBER: 07380135)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 73,750 95,638
Investment property 5 1,318,229 1,318,229
1,391,979 1,413,867

CURRENT ASSETS
Debtors 6 18,900 24,897
Cash at bank and in hand 41,591 27,170
60,491 52,067
CREDITORS
Amounts falling due within one year 7 160,541 107,825
NET CURRENT LIABILITIES (100,050 ) (55,758 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,291,929 1,358,109

CREDITORS
Amounts falling due after more than one year 8 (439,068 ) (537,772 )

PROVISIONS FOR LIABILITIES 11 (53,800 ) (59,300 )
NET ASSETS 799,061 761,037

CAPITAL AND RESERVES
Called up share capital 12 1 1
Fair value reserve 13 140,994 140,994
Retained earnings 658,066 620,042
SHAREHOLDERS' FUNDS 799,061 761,037

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 directors acknowledge their 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.

SIMON PICKERING LIMITED (REGISTERED NUMBER: 07380135)

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 Board of Directors and authorised for issue on 26 July 2025 and were signed on its behalf by:




Dr S A W Pickering - Director



Mrs S E Pickering - Director


SIMON PICKERING LIMITED (REGISTERED NUMBER: 07380135)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Simon Pickering 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 33% on cost and 20% on cost
Motor vehicles - 25% on reducing balance

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 year 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.

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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SIMON PICKERING LIMITED (REGISTERED NUMBER: 07380135)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2024 - 27,598 138,580 166,178
Additions 4,338 909 - 5,247
At 31 March 2025 4,338 28,507 138,580 171,425
DEPRECIATION
At 1 April 2024 - 21,279 49,261 70,540
Charge for year 90 4,715 22,330 27,135
At 31 March 2025 90 25,994 71,591 97,675
NET BOOK VALUE
At 31 March 2025 4,248 2,513 66,989 73,750
At 31 March 2024 - 6,319 89,319 95,638

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024
and 31 March 2025 1,318,229
NET BOOK VALUE
At 31 March 2025 1,318,229
At 31 March 2024 1,318,229

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2019 81,394
Valuation in 2022 95,000
Cost 1,141,835
1,318,229

SIMON PICKERING LIMITED (REGISTERED NUMBER: 07380135)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 13,786 21,752
Other debtors 5,114 3,145
18,900 24,897

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 11,523 10,387
Hire purchase contracts (see note 9) 86,046 19,002
Taxation and social security 19,563 19,925
Other creditors 43,409 58,511
160,541 107,825

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 439,068 451,726
Hire purchase contracts (see note 9) - 86,046
439,068 537,772

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2025 2024
£    £   
Net obligations repayable:
Within one year 86,046 19,002
Between one and five years - 86,046
86,046 105,048

Non-cancellable operating leases
2025 2024
£    £   
Within one year - 11,971

SIMON PICKERING LIMITED (REGISTERED NUMBER: 07380135)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


10. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 450,591 462,113
Hire purchase contracts 86,046 105,048
536,637 567,161

Hire purchase liabilities are secured on the individual assets.
Bank loans are secured on the company's investment properties.

11. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 53,800 59,300

Deferred
tax
£   
Balance at 1 April 2024 59,300
Provided during year (5,500 )
Balance at 31 March 2025 53,800

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
1 ordinary £1 1 1

13. RESERVES
Fair
value
reserve
£   
At 1 April 2024
and 31 March 2025 140,994