Silverfin false false 30/04/2025 01/05/2024 30/04/2025 A Briant 29/02/2016 D Higham 06/11/2002 26 January 2026 The principal activity of the company continued to be that of the provision of an online self insurance service provider directory and business enquiry service called self-insurancemarket.com. 04583592 2025-04-30 04583592 bus:Director1 2025-04-30 04583592 bus:Director2 2025-04-30 04583592 2024-04-30 04583592 core:CurrentFinancialInstruments 2025-04-30 04583592 core:CurrentFinancialInstruments 2024-04-30 04583592 core:ShareCapital 2025-04-30 04583592 core:ShareCapital 2024-04-30 04583592 core:SharePremium 2025-04-30 04583592 core:SharePremium 2024-04-30 04583592 core:CapitalRedemptionReserve 2025-04-30 04583592 core:CapitalRedemptionReserve 2024-04-30 04583592 core:RetainedEarningsAccumulatedLosses 2025-04-30 04583592 core:RetainedEarningsAccumulatedLosses 2024-04-30 04583592 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-30 04583592 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-04-30 04583592 core:ComputerEquipment 2024-04-30 04583592 core:ComputerEquipment 2025-04-30 04583592 2024-05-01 2025-04-30 04583592 bus:FilletedAccounts 2024-05-01 2025-04-30 04583592 bus:SmallEntities 2024-05-01 2025-04-30 04583592 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 04583592 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 04583592 bus:Director1 2024-05-01 2025-04-30 04583592 bus:Director2 2024-05-01 2025-04-30 04583592 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-05-01 2025-04-30 04583592 core:ComputerEquipment 2024-05-01 2025-04-30 04583592 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Company No: 04583592 (England and Wales)

# SIM GLOBAL MARKETS LIMITED

### Unaudited Financial Statements
For the financial year ended 30 April 2025
Pages for filing with the registrar

SIM GLOBAL MARKETS LIMITED

## Unaudited Financial Statements

For the financial year ended 30 April 2025

Contents

SIM GLOBAL MARKETS LIMITED

## COMPANY INFORMATION

For the financial year ended 30 April 2025
SIM GLOBAL MARKETS LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 30 April 2025

DIRECTORS | A Briant
| D Higham

REGISTERED OFFICE | 2 Leman Street
| London
| E1W 9US
| United Kingdom

COMPANY NUMBER | 04583592 (England and Wales)

ACCOUNTANT | Gravita Business Services II Limited
| Aldgate Tower
| 2 Leman Street
| London
| E1 8FA
| United Kingdom

SIM GLOBAL MARKETS LIMITED

## BALANCE SHEET

As at 30 April 2025
SIM GLOBAL MARKETS LIMITED

## BALANCE SHEET (continued)

As at 30 April 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 618 |  | 825
Tangible assets | 4 | 51 |  | 68
|  | 669 |  | 893
Current assets |  |  |  |
Cash at bank and in hand |  | 466 |  | 666
|  | 466 |  | 666
Creditors: amounts falling due within one year | 5 | ( 18,817) |  | ( 16,177)
Net current liabilities |  | (18,351) |  | (15,511)
Total assets less current liabilities |  | (17,682) |  | (14,618)
Net liabilities |  | ( 17,682) |  | ( 14,618)
Capital and reserves |  |  |  |
Called-up share capital |  | 1,146 |  | 1,146
Share premium account |  | 135,343 |  | 135,343
Capital redemption reserve |  | 573 |  | 573
Profit and loss account |  | ( 154,744 ) |  | ( 151,680 )
Total shareholders' deficit |  | ( 17,682) |  | ( 14,618)

For the financial year ending 30 April 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of SIM Global Markets Limited (registered number: 04583592) were approved and authorised for issue by the Board of Directors on 26 January 2026. They were signed on its behalf by:

D Higham Director |

SIM GLOBAL MARKETS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025
SIM GLOBAL MARKETS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

SIM Global Markets Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Leman Street, London, United Kingdom, E1W 9US.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Development costs | 25 % reducing balance

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Computer equipment | 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Intangible assets

| Development costs |  | Total
| £ |  | £
Cost |  |  |
At 01 May 2024 | 15,780 |  | 15,780
At 30 April 2025 | 15,780 |  | 15,780
Accumulated amortisation |  |  |
At 01 May 2024 | 14,955 |  | 14,955
Charge for the financial year | 207 |  | 207
At 30 April 2025 | 15,162 |  | 15,162
Net book value |  |  |
At 30 April 2025 | 618 |  | 618
At 30 April 2024 | 825 |  | 825

#### 4. Tangible assets

| Computer equipment |  | Total
| £ |  | £
Cost |  |  |
At 01 May 2024 | 1,506 |  | 1,506
At 30 April 2025 | 1,506 |  | 1,506
Accumulated depreciation |  |  |
At 01 May 2024 | 1,438 |  | 1,438
Charge for the financial year | 17 |  | 17
At 30 April 2025 | 1,455 |  | 1,455
Net book value |  |  |
At 30 April 2025 | 51 |  | 51
At 30 April 2024 | 68 |  | 68

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 117 |  | 597
Other creditors | 18,700 |  | 15,580
| 18,817 |  | 16,177

#### 6. Related party transactions

Other related party transactions

At the year end the company owed £17,500 (2024 - £14,500) to D Higham, the director of the company, in respect of an interest free loan which is repayable on demand.