Police were called to a wooded area off Chester Avenue in Beverley at 4pm, after a body was discovered.
The identification of the body has not yet been carried out, however the family of the missing 14 year old have been informed. Police are at the scene and have cordoned off Chester Avenue.
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Simon only noticed it had gone missing in the new year when he went to change his Rudolph reindeer eye he had been wearing over Christmas.