Simple.Capital Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 12828497 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SIMPLE.CAPITAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr B Musgrove

Mr W Van Der Post

Mr T J Willis

REGISTERED OFFICE:

Ground Floor Marlborough House,

298 Regents Park Road,

London,

N3 2SZ

REGISTERED NUMBER:

12828497 (England and Wales)

ACCOUNTANTS:

Fusion Accountancy Limited

Marlborough House

298 Regents Park Road

London

N3 2SZ

FIXED ASSETS

Investments

4

3,134,882

3,993,210

CURRENT ASSETS

Debtors

5

283,766

68,667

Cash at bank

859

-

284,625

68,667

CREDITORS

Amounts falling due within one year

6

73,236

34,439

NET CURRENT ASSETS

211,389

34,228

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,346,271

4,027,438

CREDITORS

Amounts falling due after more than one
year

7

(1

)

(1,410

)

PROVISIONS FOR LIABILITIES

-

(10,182

)

NET ASSETS

3,346,270

4,015,846

CAPITAL AND RESERVES

Called up share capital

8

3,859,846

4,088,934

Revaluation reserve

9

(67,839

)

34,094

Other reserves

9

110,803

-

Retained earnings

9

(556,540

)

(107,182

)

SHAREHOLDERS' FUNDS

3,346,270

4,015,846

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by:

Mr T J Willis - Director

1.	STATUTORY INFORMATION

Simple.Capital 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern disclosure

The directors have formed a judgement at the time of approving the Annual Financial Statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the directors have adopted the going concern basis in preparing the accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.12.24

31.12.23

$

Investments-other b/fwd

3,969,637

4,043,057

Investments-other additions

32,201

85,000

Investments-other disposals

(732,228

)

(125,216

)

Investments-other revaluation

(134,728

)

(9,631

)

3,134,882

3,993,210

Investment In IDIFA Capital Partners InvestCo (Type AA) $57,457 (2023: $78,625)

Investment In Billdr, Inc (Type B) $130,794 (2023: $130,794)

Investment In FlexiiDrive B.V. (Type B) $Nil (2023: $80,000)

Investment in MaekerSuite Ltd. (Type B) $86,800 (2023: $88,400)

Investment in Reflex Mobility, Inc. (Type B) $2,436

Investment In Billdr, Inc (Type C) $101,113 (2023: £101,113)

Investment In FlexiiDrive B.V. (Type D) $Nil (2023: $72,712)

Investment In Reflex Mobility, Inc. (Type D) $249

Investment in Momint Ltd (Type E - Q3 B) $30,000 (2023: $30,000)

Investment in Plentify (Type E - Q3 B) $165,214 (2023: $165,214)

Investment in SweepSouth (Type E - Q3 B) $132,414 (2023: $137,097)

Investment in Yebo Fresh (Type E - Q3 B) $5,498 (2023: $60,840)

Investment in Plentify (TYPE F - follow on) $223,000 (2023: $223,000)

Investment in Referral Factory (Type G) $10,350 (2023: $11,038)

Investment in Kandua (Type H) $Nil (2023: $113,428)

Investment In Billdr, Inc (Type I - follow-on) $233,029 (2023: $233,029)

Investment in Kurios (Type J) $175,000 (2023: $175,000)

Investment in Lula, Inc (Type J - Q4Bundle) $207,346 (2023: $196,840)

Investment in Pokkit (Type L) $74,000 (2023: $74,000)

Investment in FlexiiDrive B.V (Type M) $Nil (2023: $345,000)

Investment in Reflex Mobility, Inc (Type M) $502

Investment in Momint Limited (Type N) $164,000 (2023: $164,000)

Investment in SweepSouth (Type O) $151,525 (2023: $152,501)

Investment in Hohm Energy (Type Q) $187,014 (2023: $158,000)

Investment in Yebo Fresh (Type R) $8,739 (2023: $96,708)

Investment in Munily (Type S) $50,000 (2023: $50,000)

Investment in Property Scout (Type S) $153,056 (2023: $153,056)

Investment in Rabbit (Type S) $85,292 (2023: $108,000)

Investment in S Pref - Mesh(Type S) $112,011 (2023: $112,011)

Investment in Asaak (Type T) $100,000 (2023: $100,000)

Investment in CarScan (Type T) $113,544 (2023: $117,298)

Investment in Zanifu (Type T) $126,500 (2023: $126,500)

Investment in Tulix (Type U) $71,000 (2023: $71,000)

Investment in Billdr, Inc (Type W) $177,000 (2023: $177,000)

Investment in Beeline (Type X) $Nil (2023: $91,000)

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

$

Amounts owed by group undertakings

74,821

40,667

Other assets

186,332

28,000

Deferred tax asset

22,613

-

283,766

68,667

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

$

Trade creditors

2,456

2,353

Other creditors

45,546

762

Accruals and deferred income

25,234

31,324

73,236

34,439

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

$

Other creditors - Long term

1

1,410

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

$

1

Ordinary Share

1

3,827,644

Preference share capital

1

3,827,644

4,003,932

32,201

New Preference share capital

1

32,201

85,001

3,859,846

4,088,934

9.

RESERVES

Retained

Revaluation

Other

earnings

reserve

reserves

Totals

$

At 1 January 2024

(107,182

)

34,094

-

(73,088

)

Deficit for the year

(444,745

)

-

(444,745

)

Dividends

(4,613

)

-

(4,613

)

Transfer from reval. reserve

-

(134,728

)

-

(134,728

)

Rsrv for unutlisd ret. Pre. Sh

-

110,803

Deferred tax provision

-

32,795

-

32,795

At 31 December 2024

(556,540

)

(67,839

)

110,803

(513,576

)

10.	RELATED PARTY DISCLOSURES

At the reporting period, amounts due to the company from related parties were as follows: Simple.Capital Partners Limited $74,821 (2023: $40,667).

During the year, total dividends of $4,613 are payable to the holding company,

11.	ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party is Simple.Capital Partners Limited by virtue of its ownership of 100% of the issued ordinary share capital in the company.