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REGISTERED NUMBER: 10270671 (England and Wales)















Abridged Financial Statements for the Year Ended 31 March 2024

for

SAMPSON HOMES LIMITED

SAMPSON HOMES LIMITED (REGISTERED NUMBER: 10270671)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SAMPSON HOMES LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTOR: D G R Sampson





REGISTERED OFFICE: 5 Anglo Office Park
Bristol
BS15 1NT





REGISTERED NUMBER: 10270671 (England and Wales)





ACCOUNTANTS: West Country Accounting Services Limited
Chartered Accountants
BS15 1NT

SAMPSON HOMES LIMITED (REGISTERED NUMBER: 10270671)

Abridged Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 3,126 3,908
Investment property 5 3,085,000 -
3,088,126 3,908

CURRENT ASSETS
Inventories - 564,607
Debtors 1,549 -
Cash at bank 402 1,276
1,951 565,883
CREDITORS
Amounts falling due within one year 966,415 823,029
NET CURRENT LIABILITIES (964,464 ) (257,146 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,123,662

(253,238

)

CAPITAL AND RESERVES
Called up share capital 6 100 100
Revaluation reserve 7 2,376,679 -
Retained earnings 7 (253,117 ) (253,338 )
SHAREHOLDERS' FUNDS 2,123,662 (253,238 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SAMPSON HOMES LIMITED (REGISTERED NUMBER: 10270671)

Abridged Balance Sheet - continued
31 March 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 29 August 2024 and were signed by:





D G R Sampson - Director


SAMPSON HOMES LIMITED (REGISTERED NUMBER: 10270671)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Sampson Homes 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.

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 as modified by the revaluation of certain assets.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

SAMPSON HOMES LIMITED (REGISTERED NUMBER: 10270671)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 April 2023
and 31 March 2024 9,543
DEPRECIATION
At 1 April 2023 5,635
Charge for year 782
At 31 March 2024 6,417
NET BOOK VALUE
At 31 March 2024 3,126
At 31 March 2023 3,908

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 708,321
Revaluations 2,376,679
At 31 March 2024 3,085,000
NET BOOK VALUE
At 31 March 2024 3,085,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 3,085,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 708,721 -

An investment asset was valued on an open market basis on 27 November 2023 by Lambert Smith Hampton - Registered Valuer .

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

SAMPSON HOMES LIMITED (REGISTERED NUMBER: 10270671)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 (253,338 ) - (253,338 )
Profit for the year 221 221
Surplus on revaluation - 2,376,679 2,376,679
At 31 March 2024 (253,117 ) 2,376,679 2,123,562

8. ULTIMATE CONTROLLING PARTY

The controlling party is Sampson Enterprises Limited.

The ultimate controlling party is D G R Sampson.