Final Results

RNS Number:6766U
Simons & Co Limited
17 April 2002

                                   Simons & Co Limited

                                   Preliminary Statement

                                 Year ended 31 December 2001


CHAIRMAN'S STATEMENT


Directors Statement

The results for the year ended 31 December 2001 show that the policy of
investing in publicly listed and unquoted companies adopted in 1998 to provide
an enhanced income continues to be fruitful.  The portfolio of publicly listed
and unquoted company shares which are held by the Company has performed
satisfactorily.  There has been little activity in dealings in publicly listed
shares.

Dividends

The dividend of 3.75% net per share due to Preference shareholders for the
period to 30 June 2001 was paid on 1 July 2001 and the dividend of 3.75% net per
share due to Preference shareholders for the period to 31 December 2001 was paid
on 1 January 2002.

Shareholders' Meetings held on 26 July 2001 approved modifications to the rights
of Preference shareholders which (inter alia) enable the directors to declare
annual distributions to Preference shareholders greater than 7.5%.  No such
additional distribution has been declared for the year ended 31 December 2001.

No dividend was declared in respect of the Company's Ordinary shares.

Availability of 2001 Report and Accounts

Copies of the 2001 Report and Accounts are available from the registered office.

GM SIMON
Chairman

PROFIT AND LOSS ACCOUNT
for the year ended 31 December 2001

                                                  Note      2001     2000
                                                             £         £

Turnover - continuing operations                          75,077    23,459

Net operating expenses
Administrative expenses                                  (16,772)  (12,773)

Operating profit - continuing operations                  58,305    10,686
Profit on sale of fixed asset investments                      -    2,638

Profit before interest                                    58,305    13,324
Interest payable                                            (118)     (120)

Profit on ordinary activities before taxation             58,187    13,204
Tax on profit on ordinary activities                1       (756)   (1,838)

Profit on ordinary activities after taxation              57,431    11,366
Dividends (including non-equity interests)          2    (11,250)  (11,250)

Retained profit for the year                              46,181       116



SUMMARISED CONSOLIDATED CASH FLOW STATEMENT
for the year ended 31 December 2001

                                                            2001       2000
                                                             £           £

Net cash (outflow)/inflow from operating activities      (38,285)    237,328
Returns on investment and servicing of finance           (11,368)    (11,370)
Taxation paid                                                542      (1,781)
Capital expenditure and financial investment                   -     (39,640)
Management of liquid resources                            (3,743)     (8,267)

(Decrease)/increase in cash                              (52,854)    176,270


SUMMARISED BALANCE SHEET
at 31 December 2001

                                                            2001       2000
Fixed assets                                                 £           £
Investments                                               616,198    396,198

                                                          616,198    396,198

Current assets
Debtors due within one year                                     -      1,092
Investments                                                28,123     35,857
Cash at bank and in hand                                  254,040    306,894

                                                          282,163    343,843
Creditors: Amounts falling due within one year           (435,143)  (323,004)

Net current (liabilities)/ assets                        (152,980)    20,839

Total assets less current liabilities                     463,218    417,037


Capital and reserves                                      463,218    417,037


1.  TAXATION

     Taxation charge for the year:


                                                            2001      2000
                                                              £         £

UK Corporation tax:
Current tax on income for the period at 30% (2000 : 20%)     190     1,047
Adjustments in respect of prior periods                      566       791

                                                             756     1,838


2.   DIVIDENDS

     The final dividend of 3.75% per share due to preference shareholders was 
     paid on 1 January 2001.

3.   PRELIMINARY STATEMENT

     This preliminary statement, which has been agreed with the auditors, was 
     approved by the Board on 12 April 2002.  It is not the company's statutory 
     accounts.  The statutory accounts for the year ended 31 December 2000 have 
     been delivered to the Registrar of Companies and received an audit report 
     which was unqualified and did not contain statements under s237 (2) or (3) 
     of the Companies Act 1985.  The statutory accounts for the year ended 
     31 December 2001 have not yet been approved, audited or filed.

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