Company: SPPL
Filing Date: 2025-04-08
Form Type: 20-F
Source: 0001641172-25-003217
Chunk: 134

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 18
Chunk 134
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 -                ( 100,000                 ( 73,196  
  Other payable - related party            (4)                                      -                ( 100,000                 ( 73,196  
  Advance billing - related parties                                                                                                      
  Campaign Complete Solutions Pte Ltd                                        ( 32,815                 ( 24,306                 ( 17,791  
  Weishen Industrial Services Pte Ltd                                        ( 50,809                 ( 84,383                 ( 61,765  
  Advance billing - related parties                                          ( 50,809                 ( 84,383                 ( 61,765  

   1      Sales comprise sales of robots of S$ 8,278 (2023: S$ 875) and software revenue of S$ 27,680 (2023: S$ 55,230).  

   2      Sales comprise                                                                                          

   3      Sales comprise                                                                              

   4      The Company borrows                                                                                                                   
          money from the related parties for operation purposes. The loans carry interest of 10% per annum, are unsecured and are repayable in  
          March 2025.                                                                                                                           
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SIMPPLE
LTD. AND ITS SUBSIDIARIES

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

11Shareholders’ Equity

The
Company was incorporated under the laws of the Cayman Islands on 24 August 2022. The original authorized share capital of the
Company was US$ 50,000 62,500,000 62,500,000 0.0008

12Bank loans

The
bank loans as of December 31,2023 and 2024 are set out below:

Schedule of short-term bank loan

2023

  Bank loans                         Currency      Period           Interest                 Third party guarantee                                             Collateral/ Related party/ Directors’ personal guarantee                                   Carrying amount                 
                                                                                                                                                                                                                                                                                          
                                                                                                                                                                                                                                                          (S$)                            
  Secured fixed rate bank loans      SGD           2020 - 2025      2.75% - 6.75%p P.a.      Guarantee from Poo Kow Peok, Poo Chen Boon and Poo Chong Hee      Corporate guarantee from Campaign Complete Solutions Pte Ltd and WIS Holdings Pte Ltd                           1,275,625  
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