Interim Results

RNS Number:7461B
Simons & Co Limited
27 September 2002


                              Simons & Co Limited
                                 Interim Report

                         Six months ended 30 June 2002


CHAIRMAN'S STATEMENT



The Company's holdings in shares of publicly listed and unquoted company shares
have generated a level of profit on ordinary activities but before taxation
which the directors regard as satisfactory in current market conditions.  The
directors expect the results for the second half year will maintain a
satisfactory level of performance.



An interim preference share dividend of 3.75% per share was paid on 1st July
2002.



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


G M SIMON
Chairman

ADVANCE /Y 734.40

SUMMARISED PROFIT AND LOSS ACCOUNT


                                                   Note                                       Year ended 31
                                                                                              December 2001
                                                            6 months to 30   6 months to 30
                                                              June 2002        June 2001         Audited

                                                              Unaudited        Unaudited            #

                                                                  #                #


Turnover                                                   21,490           42,437           75,077




Total operating profit                                     17,629           32,567           58,305

Interest payable                                           (19)             (2)              (118)

Profit on ordinary activities before taxation              17,610           32,565           58,187
Tax on profit on ordinary activities                 1     3,031            (559)            (756)


Profit on ordinary activities after taxation               20,641           32,006           57,431


Dividends                                            2     (5,625)          (5,625)          (11,250)

Retained profit for the period                             15,016           26,381           46,181



SUMMARISED CASH FLOW STATEMENT


                                                                                                Year ended

                                                            6 months to 30   6 months to 30  31 December 2001
                                                              June 2002        June 2001
                                                                                                 Audited
                                                              Unaudited        Unaudited
                                                                                                    #
                                                                  #                #

Net cash inflow/(outflow) from operating
activities                                                  6,605            (6,140)          (38,285)
Returns on investment and servicing of finance             (5,644)           (5,627)          (11,368)
Taxation paid                                              (15)             2,139            542
Capital expenditure and financial investment               -                -                -
Management of liquid resources                             (2,672)          (3,793)          (3,743)

Decrease in cash                                           (1,726)          (13,421)         (52,854)



SUMMARISED BALANCE SHEET
At 30 June 2002

                                                                                              At 31 December
                                                                                               2001 Audited
                                                             At 30 June 2002 At 30 June 2001
                                                                                                    #
                                                                Unaudited       Unaudited
                                                                    #               #
Fixed assets
Investments                                                  616,198         396,197         616,198
Current assets
Debtors due within one year                                  2,500           13,834          -
Investments                                                  24,832          28,672          28,123
Cash at bank and in hand                                     252,314         293,473         254,040

                                                             279,646         335,979         282,163
Creditors: Amounts falling due within one year              (417,610)       (288,758)       (435,143)

Net current (liabilities)/assets                             (137,964)       47,221          (152,980)

Total assets less current liabilities                        478,234         443,418         463,218

Capital and reserves                                         478,234         443,418         463,218



1.         TAX


                                                                                          Year ended 31
                                                                                          December 2001
                                                     6 months to 30    6 months to 30
                                                        June 2002         June 2001             #

                                                            #                 #


United Kingdom

Current                                             (259)             559               190
Adjustments in respect of prior years               (2,772)           -                 566

                                                    (3,031)           559               756


2.         DIVIDENDS

                                                                                          Year ended 31
                                                                                          December 2001
                                                     6 months to 30    6 months to 30
                                                        June 2002         June 2001             #

                                                            #                 #
Dividend on non-equity shares

Preference shares - interim paid (3.75p per share)        5,625             5,625             11,250


            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 27 September 2002.  It has been
prepared using accounting policies that are consistent with those adopted in the
statutory accounts for the year ended 31 December 2001, with the exception of
FRS 19 "deferred tax" which has been adopted for the first time in these
accounts and did not cause any restatement of the figures for the prior year.


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            The company news service from the London Stock Exchange
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