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REGISTERED NUMBER: 05954780 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SAMUEL ESTATES (UK) LIMITED

SAMUEL ESTATES (UK) LIMITED (REGISTERED NUMBER: 05954780)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SAMUEL ESTATES (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: N S Samuel
P Ahearn





SECRETARY: J Borrow





REGISTERED OFFICE: 30 Watermill Way
London
SW19 2RT





REGISTERED NUMBER: 05954780 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU

SAMUEL ESTATES (UK) LIMITED (REGISTERED NUMBER: 05954780)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 944,543 740,304
Tangible assets 5 60,737 59,119
Investments 6 - 17,253
1,005,280 816,676

CURRENT ASSETS
Debtors 7 111,176 75,436
Cash at bank 576,204 587,430
687,380 662,866
CREDITORS
Amounts falling due within one year 8 505,440 510,600
NET CURRENT ASSETS 181,940 152,266
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,187,220

968,942

CREDITORS
Amounts falling due after more than one
year

9

(11,667

)

(56,969

)

PROVISIONS FOR LIABILITIES 10 (13,475 ) (12,815 )
NET ASSETS 1,162,078 899,158

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,162,077 899,157
SHAREHOLDERS' FUNDS 1,162,078 899,158

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 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.

SAMUEL ESTATES (UK) LIMITED (REGISTERED NUMBER: 05954780)

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.

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 23 August 2024 and were signed on its behalf by:





N S Samuel - Director


SAMUEL ESTATES (UK) LIMITED (REGISTERED NUMBER: 05954780)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Samuel Estates (UK) 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 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.

Revenue from services is recognised when the service is provided and the right to consideration earned.

Revenue from rents is recognised in the period to which it relates.

Goodwill
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill - 5 years straight line

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
Fixed asset investments are measure at fair value, with changes in fair value recognised in profit or loss.

Cash at bank is measured at transaction price.

Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit or loss account in other
administrative expenses.

Borrowings are initially recognised at transaction price, which includes any transaction costs. They are
subsequently measured at amortised cost using the effective interest method.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.


SAMUEL ESTATES (UK) LIMITED (REGISTERED NUMBER: 05954780)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023 2,293,239
Additions 467,130
At 31 March 2024 2,760,369
AMORTISATION
At 1 April 2023 1,552,935
Charge for year 262,891
At 31 March 2024 1,815,826
NET BOOK VALUE
At 31 March 2024 944,543
At 31 March 2023 740,304

SAMUEL ESTATES (UK) LIMITED (REGISTERED NUMBER: 05954780)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 413,122
Additions 21,861
At 31 March 2024 434,983
DEPRECIATION
At 1 April 2023 354,003
Charge for year 20,243
At 31 March 2024 374,246
NET BOOK VALUE
At 31 March 2024 60,737
At 31 March 2023 59,119

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 17,253
Disposals (27,306 )
Revaluations 10,053
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 17,253

Listed investments were disposed of during the year.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 35,115 33,525
Other debtors 76,061 41,911
111,176 75,436

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 45,302 10,000
Trade creditors 45,300 27,732
Taxation and social security 356,488 276,112
Other creditors 58,350 196,756
505,440 510,600

SAMUEL ESTATES (UK) LIMITED (REGISTERED NUMBER: 05954780)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 11,667 21,667
Other creditors - 35,302
11,667 56,969

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 13,475 12,815

Deferred
tax
£   
Balance at 1 April 2023 12,815
Provided during year 660
Balance at 31 March 2024 13,475