For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

Sim Trava Property Limited is a private company limited by shares incorporated in England and Wales, registration number 12363963. The registered office and principal place of business is 2nd Floor Suite B, Garden Place 4-12 Victoria Street, Altrincham, Cheshire, United Kingdom, WA14 1ET.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties at fair value. The principal accounting policies adopted are set out below.

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. Turnover principally consists of income from the rental of commercial property.

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Taxation for the year comprises current and deferred tax, Tax is recognises in the profit and loss account, except to the extent that it relates to items recognises 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 of substantively enacted by the balance sheet date.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are sated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

The average monthly number of persons (including directors) employed by the company during the year was:

The investment properties were valued by the directors at 31st December 2024 and they feel this value reflects the fair value. In arriving at the valuation figure, consideration was given to commercial values of properties in the locality and the valuation was on the market value basis only. The valuation thus represents the current value with the benefit of vacant possession.

The company is subject to an unlimited composite guarantee with its bankers. The guarantee secures the liabilities of Sim Trava Group Limited, Sim Trava Holdings Limited, Sim Trava Property Limited, Sim Trava Property Holdings Limited, Sim Trava Central Services Limited, Tilly's Coffee Limited, North West Coffee Limited, Sim Trava Limited, Sim Trava Coffee Limited, Sim Trava (North West) Limited and Sim Trava (North East) Limited. At 31 December 2024 the total amount of liabilities was £9,028,864 (2023 - £9,721,971).

Included within debtors are amounts owed from companies under common control amounting to £6,500 (2023: £6,500).

Included within creditors are amounts owed to companies under common control amounting to £524,471 (2023: £521,081).

Included in other debtors is an amount owing from the directors of £562 (2023: £562).

The ultimate controlling parties are Mr SM and Mrs TA Vardy, the shareholders of the ultimate parent company, Sim Trava Property Holdings Limited, by virtue of their controlling interest in that company.