Simwood Futures Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13668414

SIMWOOD FUTURES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 November 2025

SIMWOOD FUTURES LIMITED

STATEMENT OF FINANCIAL POSITION

30 November 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	4	544,484	–
Tangible assets	5	87,323	141,075
		---------	---------
		631,807	141,075

Current assets

Stocks		–	275,969
Debtors	6	80,007	11,259
Cash at bank and in hand		205	53
		--------	---------
		80,212	287,281

Creditors: amounts falling due within one year	7	( 676,324)	( 180,518)
		---------	---------
Net current (liabilities)/assets		( 596,112)	106,763
		---------	---------
Total assets less current liabilities		35,695	247,838

Provisions	( 11,300)	( 32,955)
	--------	---------
Net assets	24,395	214,883
	--------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	24,295	214,783
	--------	---------
Shareholders funds	24,395	214,883
	--------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 November 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 year in question in accordance with section 476 ;

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

SIMWOOD FUTURES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 November 2025

These financial statements were approved by the board of directors and authorised for issue on 11 September 2026 , and are signed on behalf of the board by:

Mr S P Woodhead

Director

Company registration number: 13668414

SIMWOOD FUTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 NOVEMBER 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Simwood House, Cube M4 Business Park, Bristol, BS16 1FX.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, and in sterling, which is the functional currency of the entity. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and other sales taxes. Under Item 1, Group 5, Schedule 9 of the Value Added Tax Act 1994 the turnover derived from the sale of digital assets from which the company generates its turnover is exempt from VAT. Income tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Foreign currencies Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account. Intangible assets Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Short leasehold property	-	at variable rates on reducing balance
Plant and machinery	-	25% on cost and 10% on reducing balance

Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist.

Stocks

As at the previous year end date the group holds an assortment of digital crosscurrency. This holding was deemed to be held for the purpose of trade on the basis of regular trading and this being the only activity of the company within the group holding the currencies, As a result it was being treated as a current asset within stock. The company is now holding cryptoassets for longterm investment appreciation rather than sale in the ordinary course of business, the directors consider this therefore meets the definition of an intangible asset under FRS 102. There in no impact on the consolidated statement of comprehensive income for the period.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial assets, including trade and other receivables, cash and bank balances, loans to fellow group companies and investments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Such assets are subsequently carried at amortised cost, using the effective interest method. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost, using the effective interest method. Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts 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 payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

4. Intangible assets

	Cryptoassets
	£
Cost
Additions	544,484
	---------
At 30 November 2025	544,484
	---------
Amortisation
At 1 December 2024 and 30 November 2025	–
	---------
Carrying amount
At 30 November 2025	544,484
	---------
At 30 November 2024	–
	---------

The company is holding cryptoassets for long-term investment appreciation rather than sale in the ordinary course of business, the directors consider this therefore meets the definition of an intangible asset under FRS 102.

5. Tangible assets

	Land and buildings	Plant and machinery	Total
	£	£	£
Cost
At 1 December 2024	68,564	155,108	223,672
Additions	–	1,520	1,520
Disposals	( 17,505)	( 19,139)	( 36,644)
Transfers	62,292	( 62,292)	–
	---------	---------	---------
At 30 November 2025	113,351	75,197	188,548
	---------	---------	---------
Depreciation
At 1 December 2024	20,955	61,642	82,597
Charge for the year	9,679	29,943	39,622
Disposals	( 3,034)	( 17,960)	( 20,994)
	---------	---------	---------
At 30 November 2025	27,600	73,625	101,225
	---------	---------	---------
Carrying amount
At 30 November 2025	85,751	1,572	87,323
	---------	---------	---------
At 30 November 2024	47,609	93,466	141,075
	---------	---------	---------

6. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	79,769	6,560
Other debtors	238	4,699
	--------	--------
	80,007	11,259
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	280,389	–
Trade creditors	–	13,702
Amounts owed to group undertakings and undertakings in which the company has a participating interest	393,435	165,451
Social security and other taxes	–	1,365
Other creditors	2,500	–
	---------	---------
	676,324	180,518
	---------	---------

8. Related party transactions

The company has taken advantage of the exemption in FRS 102 Section 1A not to disclose related party transactions with wholly owned subsidiaries within the group.

9.Controlling party

The directors regard Simwood Group PLC, a company registered in England and Wales, as the ultimate parent undertaking. S Woodhead is considered to be the ultimate controlling party by virtue of his controlling interest in the share capital of the ultimate parent undertaking.