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Company No: 01313480 (England and Wales)

# SIMSEN (PROPERTY DEVELOPMENTS) LIMITED

### Unaudited Financial Statements
For the financial year ended 31 October 2025
Pages for filing with the registrar

SIMSEN (PROPERTY DEVELOPMENTS) LIMITED

## Unaudited Financial Statements

For the financial year ended 31 October 2025

Contents

SIMSEN (PROPERTY DEVELOPMENTS) LIMITED

## COMPANY INFORMATION

For the financial year ended 31 October 2025
SIMSEN (PROPERTY DEVELOPMENTS) LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 October 2025

DIRECTORS | Dr J Ball
| N Ball
| S E Lyell

SECRETARY | N Ball

REGISTERED OFFICE | 147 Camden Road
| Tunbridge Wells
| TN1 2RA
| United Kingdom

COMPANY NUMBER | 01313480 (England and Wales)

ACCOUNTANT | S&W Partners (South East) Limited
| Brockbourne House
| 77 Mount Ephraim
| Royal Tunbridge Wells
| TN4 8BS

SIMSEN (PROPERTY DEVELOPMENTS) LIMITED

## BALANCE SHEET

As at 31 October 2025
SIMSEN (PROPERTY DEVELOPMENTS) LIMITED

## BALANCE SHEET (continued)

As at 31 October 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 | 1,070,000 |  | 980,413
Investments | 4 | 12,240 |  | 12,240
|  | 1,082,240 |  | 992,653
Current assets |  |  |  |
Debtors | 5 | 35,478 |  | 4,885
Cash at bank and in hand | 6 | 30,947 |  | 67,832
|  | 66,425 |  | 72,717
Creditors: amounts falling due within one year | 7 | ( 481,367) |  | ( 478,498)
Net current liabilities |  | (414,942) |  | (405,781)
Total assets less current liabilities |  | 667,298 |  | 586,872
Creditors: amounts falling due after more than one year | 8 | ( 9,828) |  | ( 9,828)
Provision for liabilities | 9 | ( 11,824) |  | 0
Net assets |  | 645,646 |  | 577,044
Capital and reserves |  |  |  |
Called-up share capital |  | 300 |  | 300
Revaluation reserve |  | 436,940 |  | 347,353
Profit and loss account |  | 208,406 |  | 229,391
Total shareholders' funds |  | 645,646 |  | 577,044

For the financial year ending 31 October 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 Simsen (Property Developments) Limited (registered number: 01313480) were approved and authorised for issue by the Board of Directors on 31 March 2026. They were signed on its behalf by:

Dr J Ball Director |

SIMSEN (PROPERTY DEVELOPMENTS) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2025
SIMSEN (PROPERTY DEVELOPMENTS) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 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

Simsen (Property Developments) 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 147 Camden Road, Tunbridge Wells, TN1 2RA, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The functional currency of Simsen (Property Developments) Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
These financial statements are separate financial statements.

##### Going concern

The financial statements have been prepared on a going concern basis.
The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

##### Turnover

Turnover is recognised to the extent that is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:
Rental income is recognised in the period in which it relates, as specified in the lease agreements.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by the directors, on an open market value for existing use basis.

##### Cash and cash equivalents

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 creditors: amounts falling due within one year.

##### 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.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

##### Valuation of Investments

Investments in subsidiaries are measured at cost less accumulated impairment.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 3 |  | 3

#### 3. Investment property

| Investment property
| £
Valuation |
As at 01 November 2024 | 980,413
Fair value movement | 89,587
As at 31 October 2025 | 1,070,000

The 2025 valuations were made by the directors, on an open market value for existing use basis.

#### 4. Fixed asset investments

| Other investments |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 November 2024 | 12,240 |  | 12,240
At 31 October 2025 | 12,240 |  | 12,240
Carrying value at 31 October 2025 | 12,240 |  | 12,240
Carrying value at 31 October 2024 | 12,240 |  | 12,240

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 5,478 |  | 4,885
Other debtors | 30,000 |  | 0
| 35,478 |  | 4,885

#### 6. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 30,947 |  | 67,832

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

| 2025 |  | 2024
| £ |  | £
Amounts owed to related parties | 460,000 |  | 460,000
Accruals | 9,081 |  | 8,576
Corporation tax | 10,520 |  | 9,572
Other taxation and social security | 866 |  | ( 1,050)
Other creditors | 900 |  | 1,400
| 481,367 |  | 478,498

#### 8. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Other creditors | 9,828 |  | 9,828

There are no amounts included above in respect of which any security has been given by the small entity.

#### 9. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | 0 |  | 0
Charged to the Statement of Income and Retained Earnings | ( 11,824) |  | 0
At the end of financial year | ( 11,824) |  | 0

The deferred taxation balance is made up as follows:

| 2025 |  | 2024
| £ |  | £
Temporary differences | ( 11,824) |  | 0

#### 10. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Balance brought forward 1 November | 0 |  | 30,000
Amounts repaid | 0 |  | (30,000)
Advances in year | 30,000 |  | 0

In the year, included within debtors is £30,000 (2024: £nil), are balances from the directors of the company. The loans are interest free and repayable on demand. The movements during the year were as above.

Other related party transactions

| 2025 |  | 2024
| £ |  | £
Amount owed to company under common ownership | 460,000 |  | 460,000

During the year, the Company loaned £nil (2024: £10,000) and at the balance sheet date £460,000 (2024: £460,000) remain outstanding. No interest is charged on this loan, and it is repayable on demand.