Company registration number 15442755 (England and Wales)
SIMPSON REAL ESTATE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
SIMPSON REAL ESTATE LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
SIMPSON REAL ESTATE LTD
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 1 -
2025
Notes
£
£
Fixed assets
Investment property
4
66,963
Current assets
Debtors
5
1,914
Cash at bank and in hand
22,906
24,820
Creditors: amounts falling due within one year
6
(32,309)
Net current liabilities
(7,489)
Total assets less current liabilities
59,474
Creditors: amounts falling due after more than one year
7
(64,639)
Net liabilities
(5,165)
Capital and reserves
Called up share capital
1
Profit and loss reserves
(5,166)
Total equity
(5,165)

For the financial period ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The director acknowledges his 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 director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 22 January 2026
Mr O Simpson
Director
Company registration number 15442755 (England and Wales)
SIMPSON REAL ESTATE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025
- 2 -
1
Accounting policies
Company information

Simpson Real Estate Ltd (registered number: 15442755) is a private company limited by shares incorporated in England and Wales. The registered office is Pemberton House, Hornby, Northallerton, DL6 2JH.

1.1
Reporting period

The accounting period represents a period of approximately twelve months from 25 January 2024 (date of incorporation) to 31 January 2025.

1.2
Basis of preparation

These financial statements have been prepared under the historical cost convention and 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 are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The principal accounting policies adopted are set out below.

1.3
Going concern

Despite the deficit on the balance sheet, a true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Revenue

Revenue is recognised at the fair value of the consideration or receivable for services provided in the normal course of business.

1.5
Investment 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 a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

1.7
Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, and bank loans, are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

1.8
Taxation

The tax expense represents the sum of deferred tax.

SIMPSON REAL ESTATE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 3 -
Deferred tax

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

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

2025
Number
Total
1
4
Investment property
2025
£
Fair value
At 25 January 2024
-
0
Additions
66,963
At 31 January 2025
66,963

The investment property was purchased for £66,963 on 10 September 2024. The director has assessed the fair value of the property and deems the purchase price a reasonable estimation of fair value at the period end, having regard to the proximity of the acquisition date to the reporting date.

SIMPSON REAL ESTATE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2025
- 4 -
5
Debtors
2025
Amounts falling due within one year:
£
Prepayments
192
2025
Amounts falling due after more than one year:
£
Deferred tax asset
1,722
Total debtors
1,914
6
Creditors: amounts falling due within one year
2025
£
Trade creditors
90
Other creditors
29,999
Accruals
2,220
32,309
7
Creditors: amounts falling due after more than one year
2025
£
Other creditors
64,639
2025-01-31 2024-01-25 false false false 22 January 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr O Simpson 15442755 2024-01-25 2025-01-31 15442755 2025-01-31 15442755 core:CurrentFinancialInstruments 2025-01-31 15442755 core:Non-currentFinancialInstruments 2025-01-31 15442755 core:ShareCapital 2025-01-31 15442755 core:RetainedEarningsAccumulatedLosses 2025-01-31 15442755 bus:Director1 2024-01-25 2025-01-31 15442755 2024-01-24 15442755 bus:PrivateLimitedCompanyLtd 2024-01-25 2025-01-31 15442755 bus:SmallCompaniesRegimeForAccounts 2024-01-25 2025-01-31 15442755 bus:FRS102 2024-01-25 2025-01-31 15442755 bus:AuditExemptWithAccountantsReport 2024-01-25 2025-01-31 15442755 bus:FullAccounts 2024-01-25 2025-01-31 xbrli:pure xbrli:shares iso4217:GBP