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REGISTERED NUMBER: 08431535















Report of the Director and

Consolidated Financial Statements for the Year Ended 31 March 2024

for

SAMPSON ENTERPRISES LIMITED

SAMPSON ENTERPRISES LIMITED (REGISTERED NUMBER: 08431535)






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




Page

Company Information 1

Report of the Director 2

Consolidated Income Statement 3

Consolidated Balance Sheet 4

Company Balance Sheet 6

Notes to the Consolidated Financial Statements 8


SAMPSON ENTERPRISES 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: 08431535





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

SAMPSON ENTERPRISES LIMITED (REGISTERED NUMBER: 08431535)

Report of the Director
for the Year Ended 31 March 2024

The director presents his report with the financial statements of the company and the group for the year ended 31 March 2024.

DIRECTOR
D G R Sampson held office during the whole of the period from 1 April 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





D G R Sampson - Director


29 August 2024

SAMPSON ENTERPRISES LIMITED (REGISTERED NUMBER: 08431535)

Consolidated Income Statement
for the Year Ended 31 March 2024

2024 2023
Notes £    £   

TURNOVER 924,161 -

Cost of sales 895,353 (44,578 )
GROSS PROFIT 28,808 44,578

Administrative expenses 155,400 59,970
(126,592 ) (15,392 )

Other operating income 557,232 365,778
OPERATING PROFIT 4 430,640 350,386

Interest receivable and similar income 239 29
430,879 350,415

Interest payable and similar expenses 561,418 352,292
LOSS BEFORE TAXATION (130,539 ) (1,877 )

Tax on loss (297 ) 2,310
LOSS FOR THE FINANCIAL YEAR (130,242 ) (4,187 )

Loss attributable to:
Owners of the parent (130,242 ) (4,187 )

SAMPSON ENTERPRISES LIMITED (REGISTERED NUMBER: 08431535)

Consolidated Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 30,283 44,565
Investments 7 - -
Investment property 8 10,675,652 7,175,000
10,705,935 7,219,565

CURRENT ASSETS
Stocks 1,584,202 1,380,954
Debtors 9 28,370 17,394
Cash at bank 103,762 43,097
1,716,334 1,441,445
CREDITORS
Amounts falling due within one year 10 5,861,707 5,067,218
NET CURRENT LIABILITIES (4,145,373 ) (3,625,773 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,560,562

3,593,792

CREDITORS
Amounts falling due after more than one year 11 1,647,177 926,844

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 12 5,200,845 2,824,166
Retained earnings (287,560 ) (157,318 )
SHAREHOLDERS' FUNDS 4,913,385 2,666,948
6,560,562 3,593,792

The company and the group are 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 and the group 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 group 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 and the group as at the end of each financial year and of the group's 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 and the group.

SAMPSON ENTERPRISES LIMITED (REGISTERED NUMBER: 08431535)

Consolidated Balance Sheet - continued
31 March 2024


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

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 ENTERPRISES LIMITED (REGISTERED NUMBER: 08431535)

Company Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 27,157 40,657
Investments 7 210 210
Investment property 8 7,590,652 7,175,000
7,618,019 7,215,867

CURRENT ASSETS
Stocks 494,069 805,175
Debtors 9 429,472 180,869
Cash at bank 99,556 39,264
1,023,097 1,025,308
CREDITORS
Amounts falling due within one year 10 4,862,015 4,364,694
NET CURRENT LIABILITIES (3,838,918 ) (3,339,386 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,779,101

3,876,481

CREDITORS
Amounts falling due after more than one year 11 924,600 926,844

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 2,824,166 2,824,166
Retained earnings 12 30,235 125,371
SHAREHOLDERS' FUNDS 2,854,501 2,949,637
3,779,101 3,876,481

Company's (loss)/profit for the financial year (95,136 ) 230,497

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 ENTERPRISES LIMITED (REGISTERED NUMBER: 08431535)

Company Balance Sheet - continued
31 March 2024


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

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 ENTERPRISES LIMITED (REGISTERED NUMBER: 08431535)

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

1. STATUTORY INFORMATION

Sampson Enterprises Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the General 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
Turnover 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 stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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 ) .

The average number of employees by undertakings that were proportionately consolidated during the year was 1 (2023 - 1 ) .

SAMPSON ENTERPRISES LIMITED (REGISTERED NUMBER: 08431535)

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

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 14,282 14,477

5. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


6. TANGIBLE FIXED ASSETS

Group
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 63,700
DEPRECIATION
At 1 April 2023 19,135
Charge for year 14,282
At 31 March 2024 33,417
NET BOOK VALUE
At 31 March 2024 30,283
At 31 March 2023 44,565

Company
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 54,157
DEPRECIATION
At 1 April 2023 13,500
Charge for year 13,500
At 31 March 2024 27,000
NET BOOK VALUE
At 31 March 2024 27,157
At 31 March 2023 40,657

SAMPSON ENTERPRISES LIMITED (REGISTERED NUMBER: 08431535)

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

7. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertaking
£   
COST
At 1 April 2023
and 31 March 2024 210
NET BOOK VALUE
At 31 March 2024 210
At 31 March 2023 210


8. INVESTMENT PROPERTY

Group
Total
£   
FAIR VALUE
At 1 April 2023 7,175,000
Additions 1,633,627
Disposals (509,654 )
Revaluations 2,376,679
At 31 March 2024 10,675,652
NET BOOK VALUE
At 31 March 2024 10,675,652
At 31 March 2023 7,175,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2023 7,175,000
Valuation in 2024 2,376,679
Cost 1,123,973
10,675,652

SAMPSON ENTERPRISES LIMITED (REGISTERED NUMBER: 08431535)

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

8. INVESTMENT PROPERTY - continued

Company
Total
£   
FAIR VALUE
At 1 April 2023 7,175,000
Additions 925,306
Disposals (509,654 )
At 31 March 2024 7,590,652
NET BOOK VALUE
At 31 March 2024 7,590,652
At 31 March 2023 7,175,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2023 7,175,000
Cost 415,652
7,590,652

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Amounts owed by group undertakings - - 410,558 163,585
Other debtors 28,370 17,394 18,914 17,284
28,370 17,394 429,472 180,869

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade creditors - 1 - (1 )
Amounts owed to group undertakings - - 2,412 3,162
Taxation and social security (6,758 ) 19,500 2 2
Other creditors 5,868,465 5,047,717 4,859,601 4,361,531
5,861,707 5,067,218 4,862,015 4,364,694

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Other creditors 1,647,177 926,844 924,600 926,844

SAMPSON ENTERPRISES LIMITED (REGISTERED NUMBER: 08431535)

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

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

Amounts falling due in more than five years:

Group
2024 2023
£    £   
Repayable otherwise than by instalments
No description 722,577 -

12. RESERVES

Group
Revaluation
reserve
£   
At 1 April 2023 2,824,166
Fixed asset investments 2,376,679

At 31 March 2024 5,200,845

Company
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 125,371 2,824,166 2,949,537
Deficit for the year (95,136 ) (95,136 )
At 31 March 2024 30,235 2,824,166 2,854,401