REGISTERED NUMBER: 14898151 (England and Wales)

SIMMONS PROPERTY INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr T F Simmons

Mrs L E Thomas

Mrs E S Davies

REGISTERED OFFICE:

3 & 5 Pontcanna Street

Cardiff

CF11 9HQ

REGISTERED NUMBER:

14898151 (England and Wales)

ACCOUNTANTS:

Carston ETL

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

FIXED ASSETS

Tangible assets

4

856,129

735,076

CURRENT ASSETS

Debtors

5

25,531

11,674

Cash at bank

326,738

45,268

352,269

56,942

CREDITORS

Amounts falling due within one year

6

72,812

41,963

NET CURRENT ASSETS

279,457

14,979

TOTAL ASSETS LESS CURRENT LIABILITIES

1,135,586

750,055

CREDITORS

Amounts falling due after more than one year

7

1,124,000

739,000

NET ASSETS

11,586

11,055

CAPITAL AND RESERVES

Called up share capital

1,250

1,250

Share premium

9,750

9,750

Retained earnings

586

55

11,586

11,055

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2025 and were signed on its behalf by:

Mr T F Simmons - Director

1.	STATUTORY INFORMATION

Simmons Property Investments 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.

Tangible fixed assets

As the freehold property is currently under construction, no depreciation is being charged until completion at the earliest.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 January 2024

735,076

Additions

121,053

At 31 December 2024

856,129

NET BOOK VALUE

At 31 December 2024

856,129

At 31 December 2023

735,076

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

25,531

11,674

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

25,688

16,950

Taxation and social security

124

13

Other creditors

47,000

25,000

72,812

41,963

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

1,124,000

739,000

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Other creditors

950,000

600,000

The County Council of the City and County of Cardiff has a charge over the property known as 20-20A Park Place, Cardiff CF10 3DQ, including a floating charge which covers all the property or undertakings of the company.