SAMNOTRA PROPERTIES LIMITED 13066782 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of property investment. Digita Accounts Production Advanced 6.30.9574.0 true true 13066782 2023-01-01 2023-12-31 13066782 2023-12-31 13066782 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-12-31 13066782 core:CurrentFinancialInstruments 2023-12-31 13066782 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 13066782 core:Non-currentFinancialInstruments 2023-12-31 13066782 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 13066782 bus:SmallEntities 2023-01-01 2023-12-31 13066782 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 13066782 bus:FilletedAccounts 2023-01-01 2023-12-31 13066782 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13066782 bus:RegisteredOffice 2023-01-01 2023-12-31 13066782 bus:Director1 2023-01-01 2023-12-31 13066782 bus:Director2 2023-01-01 2023-12-31 13066782 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-01-01 2023-12-31 13066782 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13066782 6 2023-01-01 2023-12-31 13066782 countries:EnglandWales 2023-01-01 2023-12-31 13066782 2022-12-31 13066782 2022-01-01 2022-12-31 13066782 2022-12-31 13066782 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-12-31 13066782 core:CurrentFinancialInstruments 2022-12-31 13066782 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 13066782 core:Non-currentFinancialInstruments 2022-12-31 13066782 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13066782

SAMNOTRA PROPERTIES LIMITED

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

SAMNOTRA PROPERTIES LIMITED

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

SAMNOTRA PROPERTIES LIMITED

Company Information

Directors

P C Samnotra

G Samnotra

Registered office

12 Clarence Road
Bexleyheath
DA6 8ER

Accountants

K&S Professionals Limited
Chartered Certified Accountants
41 Rivington Crescent
Mill Hill
London
NW7 2LF

 

SAMNOTRA PROPERTIES LIMITED

(Registration number: 13066782)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

491,181

491,181

Current assets

 

Debtors

5

3,057

3,057

Cash at bank and in hand

 

11,155

7,934

 

14,212

10,991

Creditors: Amounts falling due within one year

6

(146,713)

(147,196)

Net current liabilities

 

(132,501)

(136,205)

Total assets less current liabilities

 

358,680

354,976

Creditors: Amounts falling due after more than one year

6

(352,064)

(352,064)

Net assets

 

6,616

2,912

Capital and reserves

 

Called up share capital

7

20

20

Retained earnings

6,596

2,892

Shareholders' funds

 

6,616

2,912

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 August 2024 and signed on its behalf by:
 

.........................................
G Samnotra
Director

 

SAMNOTRA PROPERTIES LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
12 Clarence Road
Bexleyheath
DA6 8ER

These financial statements were authorised for issue by the Board on 15 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants received under the Coronavirus Job Retention Scheme in respect of staff who had been furloughed due to Covid 19 are recognised r in the period to which the relevant cost against which they were received is recognised.

 

SAMNOTRA PROPERTIES LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Other grants

Other grants are recognised as follows:
A grant of the does not impose specified future performance -related conditions on the recipient is recognised as income when the grant proceeds are received, or receivable.
A grant that imposes specified future performance related conditions on the recipient is recognised as income only when the performance related conditions are met.
Grants received before the revenue recognition criteria are satisfied are recognised as a liability.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

SAMNOTRA PROPERTIES LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Investment properties

2023
£

At 1 January

491,181

At 31 December

491,181

The investment property was valued on an open market basis on 31 December 2023 by the directors of the company.
 

5

Debtors

Current

2023
£

2022
£

Other debtors

3,057

3,057

 

3,057

3,057

 

SAMNOTRA PROPERTIES LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

1,102

1,148

Accruals and deferred income

613

613

Other creditors

144,998

145,435

146,713

147,196

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

352,064

352,064

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

20

20

20

20

       

8

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

352,064

352,064

The bank loan is an interest-only mortgage and is secured over the property of the company.