REGISTERED NUMBER: 00247297 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SIMPSON (RYE HARBOUR) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

P P Gould

A R Gould

S E Fryer

SECRETARY:

A R Gould

REGISTERED OFFICE:

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

REGISTERED NUMBER:

00247297 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

FIXED ASSETS

Tangible assets

4

6,304

5,338

Investments

5

28,650

20,796

34,954

26,134

CURRENT ASSETS

Debtors

6

37,644

32,407

Cash at bank

130,349

129,044

167,993

161,451

CREDITORS

Amounts falling due within one year

7

182,365

176,283

NET CURRENT LIABILITIES

(14,372

)

(14,832

)

TOTAL ASSETS LESS CURRENT LIABILITIES

20,582

11,302

PROVISIONS FOR LIABILITIES

8

715

695

NET ASSETS

19,867

10,607

CAPITAL AND RESERVES

Called up share capital

9

3,394

3,394

Capital redemption reserve

10

8,658

8,658

Retained earnings

10

7,815

(1,445

)

SHAREHOLDERS' FUNDS

19,867

10,607

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 20 November 2025 and were signed on its behalf by:

P P Gould - Director

1.	STATUTORY INFORMATION

Simpson (Rye Harbour) 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.

The directors have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. Although current liabilities exceed current assets (net current liabilities £14,372 (2023 £14,832), the director is optimistic that the company will meet all liabilities as they become due.

As a result they have adopted the going concern basis of accounting.

Turnover

Turnover represents invoices raised in respect of property rental and income received from investments.

Turnover is recognised at the point which the right to consideration becomes due.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Intangible assets

Investments are included at market value as at the balance sheet date. Profits or losses arising from disposal of fixed asset investments are treated as part of the result from ordinary activities.

Income from investments comprises of dividends declared during the accounting period and interest received on listed and unlisted investments.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 January 2024

5,283

29,021

2,313

36,617

Additions

-

1,900

-

1,900

At 31 December 2024

5,283

30,921

2,313

38,517

DEPRECIATION

At 1 January 2024

3,600

25,462

2,217

31,279

Charge for year

106

819

9

934

At 31 December 2024

3,706

26,281

2,226

32,213

NET BOOK VALUE

At 31 December 2024

1,577

4,640

87

6,304

At 31 December 2023

1,683

3,559

96

5,338

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST OR VALUATION

At 1 January 2024

20,796

Revaluations

7,854

At 31 December 2024

28,650

NET BOOK VALUE

At 31 December 2024

28,650

At 31 December 2023

20,796

Cost or valuation at 31 December 2024 is represented by:

Unlisted

investments

£

Valuation in 2015

11,239

Valuation in 2016

1,477

Valuation in 2017

3,916

Valuation in 2018

(17,318

)

Valuation in 2019

(3,824

)

Valuation in 2020

(18,801

)

Valuation in 2021

173

Valuation in 2022

(3,140

)

Valuation in 2023

4,054

Valuation in 2024

7,853

Cost

43,021

28,650

If fixed assets investments had not been revalued they would have been included at the following historical cost:

31.12.24

31.12.23

£

£

Cost

17,495

17,495

Stock exchange securities were valued on an open market basis on 31 December 2024 by the London Stock Exchange .

The investments comprise of Stock Exchange securities, unquoted shares and rare coins.

The rare coins were originally purchased for £5,500 during 1992 but their value has been reduced to £1,000 following the verbal opinion obtained by the directors.

The market value of the investments listed on the Stock Exchange at 31 December 2024 was £28,650 (2023 - £20,796).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Prepayments

37,644

32,407

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Tax

-

81

Social security and other taxes

431

362

Directors' current accounts

172,889

165,454

Income received in advance

5,940

5,625

Accrued expenses

3,105

4,761

182,365

176,283

8.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

Accelerated capital allowances

715

695

Deferred

tax

£

Balance at 1 January 2024

695

Provided during year

20

Balance at 31 December 2024

715

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

13,576

Ordinary shares

0.25

3,394

3,394

10.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 January 2024

(1,445

)

8,658

7,213

Profit for the year

1,407

1,407

Revaluations

7,853

-

7,853

At 31 December 2024

7,815

8,658

16,473

11.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed Mr P Gould £172,889 (2023 - £165,454).

This loan is interest free and has no terms attached.

The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Simpson (Rye Harbour) Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Simpson (Rye Harbour) 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 Simpson (Rye Harbour) Limited and state those matters that we have agreed to state to the Board of Directors of Simpson (Rye Harbour) Limited, as a body, in this report in accordance with icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Simpson (Rye Harbour) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Simpson (Rye Harbour) 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 Simpson (Rye Harbour) Limited. You consider that Simpson (Rye Harbour) 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 Simpson (Rye Harbour) 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.

Ashdown Hurrey

Chartered Accountants & Business Advisers

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

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