Interim Results

RNS Number:4933K
Simons & Co Limited
24 September 2001


                               Simons & Co Limited

                                 Interim Report

                          Six months ended 30 June 2001 


CHAIRMAN'S STATEMENT

The Company has not traded during the year but its holdings in shares of 
publicly listed and unquoted company shares have generated a profit on ordinary
activities before taxation well in excess of that for the equivalent period last
year.  While the director cannot be certain that the results for the second half
year will maintain a similar level of performance to that so far achieved this  
year they are confident that the overall result for 2001 will be in excess of 
that for the year ended 31 December 2000.

An interim preference share dividend of 3.75% per share was paid on 1 July 2001.

No dividend has been or will be paid in respect of the Company's ordinary 
shares.


G M SIMON
Chairman



SUMMARISED PROFIT AND LOSS ACCOUNT

                                        Note   6 months to 30  6 months to 30
                                                  June 2001      June 2000
                                                  Unaudited      Unaudited
                                                     #              #

Turnover                                             42,437         23,457

Total operating profit                               32,567         19,625
Interest payable                                         (2)           (87)

Profit on ordinary activities before 
  taxation                                           32,565         19,538
Tax on profit on ordinary activities      1            (559)        (3,532)

Profit on ordinary activities after 
  taxation                                           32,006         16,006

Dividends                                 2          (5,625)        (5,625)

Retained profit for the period                       26,381         10,381



SUMMARISED CASH FLOW STATEMENT

                                               6 months to 30  6 months to 30
                                                  June 2001      June 2000
                                                  Unaudited      Unaudited
                                                     #              #

Net cash (outflow)/inflow from operating activities  (6,140)       186,937
Returns on investment and servicing of finance       (5,627)        (5,712)
Taxation paid                                         2,139           (349)
Capital expenditure and financial investment              -        (10,317)
Management of liquid resources                       (3,793)       (10,826)

(Decrease)/increase in cash                         (13,421)       159,733



SUMMARISED BALANCE SHEET
At 30 June 2001

                                                  At 30 June      At 30 June
                                                     2001            2000
                                                  Unaudited       Unaudited
                                                      #              #

Fixed assets
Investments                                         396,197         364,237

                                                    396,197         364,237

Current assets
Debtors due within one year                          13,834         104,992
Investments                                          28,672          10,826
Cash at bank and in hand                            293,473         290,357

                                                    335,979         406,175

Creditors: Amounts falling due within one year     (288,758)       (343,110)

Net current assets                                   47,221          63,065

Total assets less current liabilities               443,418         427,302

Capital and reserves                                443,418         427,302





                    NOTES
30 June 2001

1.  TAX
                                               6 months to 30  6 months to 30
                                                  June 2001      June 2000
                                                      #              #
                                            
    United Kingdom                                      559          3,532
  

2.  DIVIDENDS

                                               6 months to 30  6 months to 30
                                                  June 2001      June 2000
                                                      #              #

    Dividend on non-equity shares
    Preference shares - interim paid 
      (3.75p per share)                               5,625          5,625

    No ordinary share dividend has been paid.


3.  INTERIM REPORT

    This interim report was neither audited nor reviewed by the auditors. It was
    approved by the Board on 21 September 2001. It has been prepared using      
    accounting policies that are consistent with those adopted in the statutory 
    accounts for the year ended 31 December 2000.