REGISTERED NUMBER: 10605884 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

S P Sim Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTOR:

Ms S K Dhindsa

REGISTERED OFFICE:

10 Buckingham Road

Epping

Essex

CM16 5AG

REGISTERED NUMBER:

10605884 (England and Wales)

ACCOUNTANTS:

ElanTax.com

Unit 3 Cedar Court

1 Royal Oak Yard

London

SE1 3GA

BANKERS:

Santander UK plc

Bridle Road

Merseyside

L30 4GB

FIXED ASSETS

Tangible assets

4

22,093

28,338

Investments

5

2,386,015

2,386,015

2,408,108

2,414,353

CURRENT ASSETS

Debtors

6

21,445

21,558

Cash at bank

3,826

299

25,271

21,857

CREDITORS

Amounts falling due within one year

7

18,415

25,971

NET CURRENT ASSETS/(LIABILITIES)

6,856

(4,114

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,414,964

2,410,239

CREDITORS

Amounts falling due after more than one year

8

(2,018,165

)

(2,061,145

)

PROVISIONS FOR LIABILITIES

(20,384

)

(21,571

)

NET ASSETS

376,415

327,523

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

9

69,004

69,004

Retained earnings

307,311

258,419

SHAREHOLDERS' FUNDS

376,415

327,523

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 August 2026 and were signed by:

Ms S K Dhindsa - Director

1.	STATUTORY INFORMATION

S P Sim Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2025

1,094

65,224

4,249

70,567

Additions

-

-

1,358

1,358

At 31 March 2026

1,094

65,224

5,607

71,925

DEPRECIATION

At 1 April 2025

952

37,831

3,446

42,229

Charge for year

35

6,848

720

7,603

At 31 March 2026

987

44,679

4,166

49,832

NET BOOK VALUE

At 31 March 2026

107

20,545

1,441

22,093

At 31 March 2025

142

27,393

803

28,338

5.	INVESTMENTS

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

2,386,015

NET BOOK VALUE

At 31 March 2026

2,386,015

At 31 March 2025

2,386,015

Fair value at 31 March 2026 is represented by:

£

Valuation in 2020

85,190

Cost

2,300,825

2,386,015

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Other debtors

20,000

20,002

Prepayments

1,445

1,556

21,445

21,558

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Tax

14,526

14,309

Directors' current accounts

997

7,956

Accrued expenses

2,892

3,706

18,415

25,971

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

274,051

274,051

Directors' loan accounts

1,744,114

1,787,094

2,018,165

2,061,145

9.

RESERVES

Revaluatio

reserve

£

At 1 April 2025

and 31 March 2026

69,004

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

£

Ms S K Dhindsa

Balance outstanding at start of year

(1,795,049

)

(1,575,559

)

Amounts advanced

58,502

60,710

Amounts repaid

(8,563

)

(280,200

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,745,110

)

(1,795,049

)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2026 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

ElanTax.com

Unit 3 Cedar Court

1 Royal Oak Yard

London

SE1 3GA

Date: .............................................