Registration number:06317004

 

 

SIMPLEXO LIMITED

 

 

 

 

 

FINANCIAL STATEMENTS

For the year ended 31st December 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

Content

 

 

Page No.

 

 

Directors' Report

3

 

 

Balance Sheet

4

 

 

Notes to the Financial Statements

5 - 6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2

SIMPLEXO LIMITED

 

The Directors' Report

 

Year ended 31 December 2024

 

The directors present their report and the Financial Statements for the year ended 31 December 2024.

 

Principal activity and review of business

The Company did not have any trading activities during the year.

 

Directors

The directors who served the company during the year were as follows:

 

G.T. Sewell

resigned 28 February 2025

Dr P R Courtney

 

P.J. Delf

 

 

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

 

This report was approved by the directors on 12 September 2025 and signed on its behalf by:

 

P.J. Delf

Director

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3

SIMPLEXO LIMITED

 

Balance Sheet

 

As at 31 December 2024

 

 

 

31 December

31 December

 

 

2024

2023

 

Note

£

£

 

 

 

 

Creditors: Amounts due for payment within one year

4

-

-

 

 

 

 

Net current liabilities

 

-

-

 

 

 

 

Capital and Reserves:

 

 

 

 

 

 

 

Called up share capital

5

-

-

Profit & loss account

6

(3,772,674)

(3,772,674)

 

 

 

 

 

 

(3,772,674)

(3,772,674)

 

For the financial year ended 31 December 2024 the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.

 

The directors acknowledge their responsibilities for:

(a) ensuring that the company keeps accounting records which comply with Sections 386 and 367 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 of Part 15 of the Companies Act 2006 relating to small companies.

 

The directors have elected not to include the Profit and Loss Account within the financial statements.

 

These financial statements were approved and authorised for issue by the directors on12 September 2025 on its behalf by:

 

 

 

 

P J Delf

Director

 

The notes on page 5 and 6 forms part of these financial statements.

 

4

SIMPLEXO LIMITED

 

Notes to the Financial Statements

 

Year ended 31 December 2024

 

Simplexo Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 06317004 and the registered office is New Derwent House, 69-73 Theobalds Road, London WC1X 8TA

 

1     Accounting policies

 

1.1     Basis of preparation of financial statements

The financial statements have been prepared in accordance with the provisions Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

 

1.2     Key sources of estimation uncertainty and judgements

Preparation of the financial statements requires management to make significant judgements and estimates in determining the carrying amounts of certain assets and liabilities. Management makes assumptions of the effects of uncertain future events on those assets and liabilities at the balance sheet date. The management's estimates and assumptions are based on historical experience and expectation of future events.

 

1.3     Trading & going concern

The Company ceased trading with effect from 31 December 2020 following the sale of a fellow subsidiary company and the termination of agreements with that company. At 31 December 2024 the balance sheet showed net liabilities of £3.77m and a debt due to the parent company of £3.77m. Subsequent to the year end, there have been no transactions

true
.

 

2     Taxation

No provision for corporation tax is required in view of losses incurred in previous years.

 

3     Employees

The average number of employees during the year, excluding directors, was nil (2023 nil).

 

4     Creditors: amounts falling due within one year

 

 

2024

2023

 

£

£

 

 

 

Trade creditors

-

-

Amount owed to group undertaking

3,772,674

3,772,674

 

 

 

 

3,772,674

3,772,674

 

5

SIMPLEXO LIMITED

 

Notes to the Financial Statements

 

Year ended 31 December 2024

 

5     Share Capital

 

 

2024

2023

Allotted, called up and fully paid

 

 

100,000 Ordinary shares of £1 each

700,000

700,000

 

6     Reserves

 

 

Profit & Loss Account

 

£

 

 

At 1 January 2024 & 31 December 2024

(4,472,674)

 

9     Ultimate parent undertaking and controlling party

The Company is a wholly-owned subsidiary of Simplexo Group Limited, which is incorporated in England and Wales. At the year end there was no ultimate controlling party.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6