Company Registration No. 01576969 (England and Wales)
SIMPGATE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
PAGES FOR FILING WITH REGISTRAR
Shenward (London) Limited
Chartered Accountants & Business Advisors
1st Floor, Kirkland House
11-15 Peterborough Road
Harrow
Middlesex
HA1 2AX
SIMPGATE LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
SIMPGATE LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SIMPGATE LIMITED FOR THE YEAR ENDED 31 JULY 2025
- 1 -

The following reproduces text of the accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited financial statements set out on pages 2 to 8 have been extracted.

"In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Simpgate Limited for the year ended 31 July 2025 set out on pages 3 to 12 from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Simpgate Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Simpgate Limited and state those matters that we have agreed to state to the Board of Directors of Simpgate Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Simpgate Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Simpgate Limited. You consider that Simpgate Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Simpgate Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Shenward (London) Limited
Chartered Accountants & Business Advisors
1st Floor, Kirkland House
11-15 Peterborough Road
Harrow
Middlesex
HA1 2AX
"
15 April 2026
SIMPGATE LIMITED
BALANCE SHEET
AS AT
31 JULY 2025
31 July 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment properties
3
965,000
965,000
Investments
4
20
20
965,020
965,020
Current assets
Debtors
5
24,263
365,000
Cash at bank and in hand
54,247
80,407
78,510
445,407
Creditors: amounts falling due within one year
6
(32,195)
(404,120)
Net current assets
46,315
41,287
Total assets less current liabilities
1,011,335
1,006,307
Creditors: amounts falling due after more than one year
7
-
0
(8,333)
Provisions for liabilities
9
(76,037)
(76,037)
Net assets
935,298
921,937
Capital and reserves
Called up share capital
1,000
1,000
Other reserves
11
309,743
309,743
Profit and loss reserves
624,555
611,194
Total equity
935,298
921,937

The director true s of the company have taken advantage under section 444 of the Companies Act 2006 to not deliver the profit and loss account and directors' report within the financial statements.

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

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

SIMPGATE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2025
31 July 2025
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 2 April 2026 and are signed on its behalf by:
Mr N R Patel
Director
Company Registration No. 01576969
SIMPGATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
- 4 -
1
Accounting policies
Company information

Simpgate Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1, Prideview Place, Church Road, Stanmore, Middlesex, HA7 4AA.

1.1
Accounting convention

These financial statements have been prepared 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 £.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover represents amounts receivable for rental and service charges from residential and commercial properties. Turnover is recognised at the fair value of the rent received or receivable from letting business and service charges provided in the normal course of business.

1.4
Investment properties

Investment properties, which are properties 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 they are measured at fair value a t the reporting end date.

1.5
Fixed asset investments

Listed investments are initially measured at cost and subsequently measured at fair value at year end date.

Unlisted investments are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible 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).

SIMPGATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 5 -
1.7
Financial instruments
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.

Basic financial liabilities

Basic financial liabilities, including creditors, and bank loans, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2
Employees

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

2025
2024
Number
Number
Total
3
3
3
Investment property
2025
£
Fair value
At 1 August 2024 and 31 July 2025
965,000
SIMPGATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
3
Investment property
(Continued)
- 6 -

Investment properties were revalued by the Directors. The fair value of the investment properties have been arrived at on the basis of a valuation carried out at 31 July 2025 by the Directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

4
Fixed asset investments
2025
2024
£
£
Other investments other than loans
20
20
Movements in fixed asset investments
Investments other than loans
£
Cost or valuation
At 1 August 2024 & 31 July 2025
20
Carrying amount
At 31 July 2025
20
At 31 July 2024
20
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
24,263
365,000
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
8,334
10,000
Corporation tax
27,335
19,222
Other creditors
(3,474)
374,898
32,195
404,120
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
8,333
SIMPGATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 7 -
8
Loans and overdrafts
2025
2024
£
£
Bank loans
8,334
18,333
Payable within one year
8,334
10,000
Payable after one year
-
0
8,333

The Bounce Back Loan of £8,334 (2024: £1 8,333) is backed by the British Business Bank on behalf of and with the financial backing of the Secretary of State for Business, Energy and Industrial Strategy.

9
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
10
76,037
76,037
10
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Investment property
76,037
76,037
11
Other reserves
Other reserves - non-distributable
£
At the beginning of the prior year
309,743
At the end of the prior year
309,743
At the end of the current year
309,743
12
Reserves

The only movements in profit and loss reserves for the year ended 31 July 2025 are dividends and profit for the yea r. For the year ended 31 July 2024 the movement was profit for the year.

SIMPGATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 8 -
13
Directors' transactions

As at 31 July 2025 the amount due to directors, Mrs K R Patel was -£6,953.36 (2024: £188,030) , to Mr J R Patel was Nil (2024: 82,121) and to Mr N R Patel £Nil(2024: 100,817). As shown below Mrs K R Patel overdrawn balance is cleared post year end in September 2025.

Description
% Rate
Opening balance
Amounts repaid
Closing balance
£
£
£
-
6,953
(6,953)
-
6,953
(6,953)
-
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