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No description of principal activity
2018-01-01
Sage Accounts Production Advanced 2018 Update 1 - FRS
xbrli:pure
xbrli:shares
iso4217:GBP
06344725
2018-01-01
2018-12-31
06344725
2018-12-31
06344725
2017-12-31
06344725
bus:Director1
2018-01-01
2018-12-31
06344725
core:WithinOneYear
2018-12-31
06344725
core:WithinOneYear
2017-12-31
06344725
core:AfterOneYear
2018-12-31
06344725
core:AfterOneYear
2017-12-31
06344725
core:ShareCapital
2018-12-31
06344725
core:ShareCapital
2017-12-31
06344725
core:RetainedEarningsAccumulatedLosses
2018-12-31
06344725
core:RetainedEarningsAccumulatedLosses
2017-12-31
06344725
core:CostValuation
core:Non-currentFinancialInstruments
2018-12-31
06344725
core:Non-currentFinancialInstruments
2018-12-31
06344725
core:Non-currentFinancialInstruments
2017-12-31
06344725
bus:SmallEntities
2018-01-01
2018-12-31
06344725
bus:AuditExemptWithAccountantsReport
2018-01-01
2018-12-31
06344725
bus:AbridgedAccounts
2018-01-01
2018-12-31
06344725
bus:SmallCompaniesRegimeForAccounts
2018-01-01
2018-12-31
06344725
bus:PrivateLimitedCompanyLtd
2018-01-01
2018-12-31
COMPANY REGISTRATION NUMBER:
06344725
|
Simon James Investments Limited |
|
|
Filleted Unaudited Abridged Financial Statements |
|
|
Simon James Investments Limited |
|
|
Abridged Statement of Financial Position |
|
31 December 2018
Fixed assets
|
Investments |
4 |
|
1,100,950 |
1,100,950 |
|
|
|
|
|
Current assets
|
Debtors |
34,887 |
|
29,915 |
|
Cash at bank and in hand |
285 |
|
840 |
|
-------- |
|
-------- |
|
35,172 |
|
30,755 |
|
|
|
|
|
Creditors: amounts falling due within one year |
112,746 |
|
126,815 |
|
--------- |
|
--------- |
|
Net current liabilities |
|
77,574 |
96,060 |
|
|
------------ |
------------ |
|
Total assets less current liabilities |
|
1,023,376 |
1,004,890 |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
|
905,043 |
886,720 |
|
|
|
|
Provisions
|
Taxation including deferred tax |
|
19,073 |
19,073 |
|
|
------------ |
------------ |
|
Net assets |
|
99,260 |
99,097 |
|
|
------------ |
------------ |
|
|
|
|
Capital and reserves
|
Called up share capital |
|
2 |
2 |
|
Profit and loss account |
|
99,258 |
99,095 |
|
|
-------- |
-------- |
|
Shareholders funds |
|
99,260 |
99,097 |
|
|
-------- |
-------- |
|
|
|
|
These abridged 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 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 abridged statement of income and retained earnings has not been delivered.
For the year ending 31 December 2018 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 abridged 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 abridged financial statements
.
|
Simon James Investments Limited |
|
|
Abridged Statement of Financial Position (continued) |
|
31 December 2018
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 December 2018 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the
board of directors
and authorised for issue on
23 December 2019
, and are signed on behalf of the board by:
Company registration number:
06344725
|
Simon James Investments Limited |
|
|
Notes to the Abridged Financial Statements |
|
Year ended 31 December 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Athene House, Suite J, 86 The Broadway, Mill Hill, London, NW7 3TD, United Kingdom.
2.
Statement of compliance
These abridged 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 abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared 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 for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
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.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
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. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
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 abridged statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Investments
|
£ |
|
Cost |
|
|
At 1 January 2018 and 31 December 2018 |
1,100,950 |
|
------------ |
|
Impairment |
|
|
At 1 January 2018 and 31 December 2018 |
– |
|
------------ |
|
Carrying amount |
|
|
At 31 December 2018 |
1,100,950 |
|
------------ |
|
At 31 December 2017 |
1,100,950 |
|
------------ |
|
|
5.
Related party transactions
The company was under the control of the directors throughout the current and previous year. The company was owed £7,356 (2017 - £7,356) by Oakfield House Investments Limited at the year end. No other transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 102.
