SIMM DEVELOPMENTS LTD

Company Registration Number:
11465036 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2025

Period of accounts

Start date: 1 August 2024

End date: 31 July 2025

SIMM DEVELOPMENTS LTD

Contents of the Financial Statements

for the Period Ended 31 July 2025

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

SIMM DEVELOPMENTS LTD

Profit And Loss Account

for the Period Ended 31 July 2025

2025 2024


£
£
Turnover: 8,367,243 7,881,985
Cost of sales: ( 4,763,649 ) ( 4,698,655 )
Gross profit(or loss): 3,603,594 3,183,330
Distribution costs: ( 135,845 ) ( 97,589 )
Administrative expenses: ( 3,447,180 ) ( 257,986 )
Other operating income: 127,597 32,587
Operating profit(or loss): 148,166 2,860,342
Interest receivable and similar income: 27,896
Interest payable and similar charges: ( 36,497 ) ( 157,563 )
Profit(or loss) before tax: 111,669 2,730,675
Tax: ( 12,673 ) ( 75,568 )
Profit(or loss) for the financial year: 98,996 2,655,107

SIMM DEVELOPMENTS LTD

Balance sheet

As at 31 July 2025

Notes 2025 2024


£
£
Fixed assets
Intangible assets: 3 102,376 89,578
Tangible assets: 4 937,464 2,658,965
Total fixed assets: 1,039,840 2,748,543
Current assets
Stocks: 5 198,565
Debtors: 6 775,226 189,659
Cash at bank and in hand: 17,387 237,983
Total current assets: 792,613 626,207
Prepayments and accrued income: 595,687
Creditors: amounts falling due within one year: 7 ( 262,037 ) ( 939,647 )
Net current assets (liabilities): 530,576 282,247
Total assets less current liabilities: 1,570,416 3,030,790
Creditors: amounts falling due after more than one year: 8 ( 97,286 )
Provision for liabilities: ( 115,658 )
Accruals and deferred income: ( 189,139 )
Total net assets (liabilities): 1,570,416 2,628,707
Capital and reserves
Called up share capital: 100 100
Other reserves: 100,500
Profit and loss account: 1,570,316 2,528,107
Total Shareholders' funds: 1,570,416 2,628,707

The notes form part of these financial statements

SIMM DEVELOPMENTS LTD

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

This report was approved by the board of directors on 16 June 2026
and signed on behalf of the board by:

Name: S Hardman
Status: Director

The notes form part of these financial statements

SIMM DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Turnover policy

    1. Accounting Policies Basis of Preparation The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006. Turnover Turnover represents the invoiced value of services and goods supplied during the year excluding VAT.

    Valuation information and policy

    DIRECTORS' REPORT The directors present their report and financial statements for the year ended 31 July 2025. Principal Activity The principal activity of the company during the year was property development and related construction activities. Results The profit for the year after taxation amounted to £98,660. Bad Debt Review During the year the directors undertook a detailed review of historic consumer receivable balances. Following review of account histories, collection efforts, recoverability assessments and supporting documentation, balances totalling £1,472,643 were determined to be irrecoverable and were written off. The directors consider the adjustment necessary to ensure debtors are stated at recoverable value and that the accounts give a true and fair view. Directors' Responsibilities The directors are responsible for maintaining adequate accounting records and preparing financial statements which comply with the Companies Act 2006 and applicable accounting standards.

    Other accounting policies

    DIRECTORS' REPORT The directors present their report and financial statements for the year ended 31 July 2025. Principal Activity The principal activity of the company during the year was property development and related construction activities. Results The profit for the year after taxation amounted to £98,660. Bad Debt Review During the year the directors undertook a detailed review of historic consumer receivable balances. Following review of account histories, collection efforts, recoverability assessments and supporting documentation, balances totalling £1,472,643 were determined to be irrecoverable and were written off. The directors consider the adjustment necessary to ensure debtors are stated at recoverable value and that the accounts give a true and fair view. Directors' Responsibilities The directors are responsible for maintaining adequate accounting records and preparing financial statements which comply with the Companies Act 2006 and applicable accounting standards.

SIMM DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 2 5

SIMM DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2025

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 August 2024 47,610 280,553 328,163
Additions
Disposals
Revaluations 12,798 12,798
Transfers
At 31 July 2025 60,408 280,553 340,961
Amortisation
At 1 August 2024 37,539 201,046 238,585
Charge for year
On disposals
Other adjustments
At 31 July 2025 37,539 201,046 238,585
Net book value
At 31 July 2025 22,869 79,507 102,376
At 31 July 2024 10,071 79,507 89,578

SIMM DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2025

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2024 1,260,000 1,021,800 342,658 101,500 210,000 2,935,958
Additions
Disposals
Revaluations 115,000 95,000 15,000 145,000 370,000
Transfers
At 31 July 2025 1,145,000 926,800 327,658 101,500 65,000 2,565,958
Depreciation
At 1 August 2024 181,651 33,621 12,015 49,706 276,993
Charge for year 181,651 33,621 12,015 15,000 242,287
On disposals
Other adjustments 499,614 609,600 1,109,214
At 31 July 2025 862,916 676,842 24,030 64,706 1,628,494
Net book value
At 31 July 2025 282,084 249,958 327,658 77,470 294 937,464
At 31 July 2024 1,078,349 988,179 342,658 89,485 160,294 2,658,965

SIMM DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2025

5. Stocks

2025 2024
£ £
Stocks 198,565
Total   198,565

SIMM DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2025

6. Debtors

2025 2024
£ £
Trade debtors 775,226 65,782
Prepayments and accrued income 79,458
Other debtors 44,419
Total 775,226 189,659

2. Exceptional Item – Consumer Bad Debt Write-Off During the year the directors completed a comprehensive review of aged consumer receivables. Following assessment of customer records, collection history, legal recoverability and available supporting documentation, balances totalling £1,472,643 were determined to be irrecoverable. Due to the size and non-recurring nature of the adjustment, the charge has been disclosed separately as an exceptional item. The write-off principally relates to historic consumer balances accumulated over a number of prior accounting periods. An existing doubtful debt provision of £115,658 was available against trade debtors and was utilised where appropriate. The directors consider that recognition of the impairment provides a prudent valuation of debtors and ensures that assets are not overstated.

SIMM DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2025

7. Creditors: amounts falling due within one year note

2025 2024
£ £
Bank loans and overdrafts 483,455
Amounts due under finance leases and hire purchase contracts 158,096
Trade creditors 78,559
Taxation and social security 35,750
Accruals and deferred income 115,329
Other creditors 262,037 68,458
Total 262,037 939,647

SIMM DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2025

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

  2024
  £
Bank loans and overdrafts 47,836
Amounts due under finance leases and hire purchase contracts 36,874
Other creditors 12,576
Total   97,286

Bad Debt Review During the year the directors undertook a detailed review of historic consumer receivable balances. Following review of account histories, collection efforts, recoverability assessments and supporting documentation, balances totalling £1,472,643 were determined to be irrecoverable and were written off. The directors consider the adjustment necessary to ensure debtors are stated at recoverable value and that the accounts give a true and fair view. Directors' Responsibilities The directors are responsible for maintaining adequate accounting records and preparing financial statements which comply with the Companies Act 2006 and applicable accounting standards. Main debt due from Jon Joseph Bourgerie, Leaving the country for Dubai not paying property development bill and steeling plant and machinery by refusing access to them and refusing access to his property in Driffield.

SIMM DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2025

9. Financial Commitments

DIRECTORS' REPORT The directors present their report and financial statements for the year ended 31 July 2025. Principal Activity The principal activity of the company during the year was property development and related construction activities. Results The profit for the year after taxation amounted to £98,660. Bad Debt Review During the year the directors undertook a detailed review of historic consumer receivable balances. Following review of account histories, collection efforts, recoverability assessments and supporting documentation, balances totalling £1,472,643 were determined to be irrecoverable and were written off. The directors consider the adjustment necessary to ensure debtors are stated at recoverable value and that the accounts give a true and fair view. Directors' Responsibilities The directors are responsible for maintaining adequate accounting records and preparing financial statements which comply with the Companies Act 2006 and applicable accounting standards.