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REGISTERED NUMBER: 03075666 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Sam Investments Limited

Sam Investments Limited (Registered number: 03075666)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sam Investments Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mrs C E Church
B Church
M Church
S Church





SECRETARY: Mrs C E Church





REGISTERED OFFICE: 23 Clarendon Court
14 Albemarle Road
Beckenhan
Kent
BR3 5HJ





REGISTERED NUMBER: 03075666 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
United Kingdom
SE19 3RW

Sam Investments Limited (Registered number: 03075666)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,162 21
Investment property 5 2,725,000 2,725,000
2,726,162 2,725,021

CURRENT ASSETS
Debtors 6 - 548
Cash at bank 82,871 90,274
82,871 90,822
CREDITORS
Amounts falling due within one year 7 (91,158 ) (109,567 )
NET CURRENT LIABILITIES (8,287 ) (18,745 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,717,875

2,706,276

PROVISIONS FOR LIABILITIES (343,968 ) (343,968 )
NET ASSETS 2,373,907 2,362,308

CAPITAL AND RESERVES
Called up share capital 1,002 1,002
Non distributable reserves 1,721,209 1,721,209
Retained earnings 651,696 640,097
SHAREHOLDERS' FUNDS 2,373,907 2,362,308

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Sam Investments Limited (Registered number: 03075666)

Balance Sheet - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 April 2024 and were signed on its behalf by:





Mrs C E Church - Director


Sam Investments Limited (Registered number: 03075666)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Sam Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment properties are measured at fair value. The surplus or deficit arising on the revaluation of investment properties at their fair values are recognised in the income statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 1 ) .

Sam Investments Limited (Registered number: 03075666)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 2,743
Additions 1,430
At 31 July 2023 4,173
DEPRECIATION
At 1 August 2022 2,722
Charge for year 289
At 31 July 2023 3,011
NET BOOK VALUE
At 31 July 2023 1,162
At 31 July 2022 21

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 2,725,000
NET BOOK VALUE
At 31 July 2023 2,725,000
At 31 July 2022 2,725,000

The investment properties are valued annually by the directors on an open market existing use basis.

The historical cost of the investment properties amounted to £659,823 (2022 - £659,823).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors - 548

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Taxation and social security 13,385 4,442
Other creditors 77,773 105,125
91,158 109,567