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REGISTERED NUMBER: 11099074 (England and Wales)












Financial Statements

for the Year Ended 31 December 2023

for

Samsoe & Samsoe UK Limited

Samsoe & Samsoe UK Limited (Registered number: 11099074)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Samsoe & Samsoe UK Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P U Andersen
P S Rasmussen





REGISTERED OFFICE: 91 Brick Lane
Z2-001 Truman Brewery
London
E1 6QL





REGISTERED NUMBER: 11099074 (England and Wales)





AUDITORS: Try Lunn & Co
Chartered Accountants
and Statutory Auditors
Roland House
Princes Dock Street
HULL HU1 2LD

Samsoe & Samsoe UK Limited (Registered number: 11099074)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,259 5,804
Investments 5 2 1
5,261 5,805

CURRENT ASSETS
Stocks 13,301 12,368
Debtors 6 245,109 252,732
Cash at bank 57,396 81,766
315,806 346,866
CREDITORS
Amounts falling due within one year 7 231,494 318,161
NET CURRENT ASSETS 84,312 28,705
TOTAL ASSETS LESS CURRENT
LIABILITIES

89,573

34,510

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 89,572 34,509
SHAREHOLDERS' FUNDS 89,573 34,510

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 19 August 2024 and were signed on its behalf by:





P S Rasmussen - Director


Samsoe & Samsoe UK Limited (Registered number: 11099074)

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

1. STATUTORY INFORMATION

Samsoe & Samsoe 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.

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.

The company is reliant on the operational support of Samsoe & Samsoe Holdings AS. The directors have obtained confirmation from Samsoe & Samsoe Holdings A/S that they will continue to support the company through its existing facilities for the foreseeable future. On this basis the financial statements have been prepared on the going concern basis.

Preparation of consolidated financial statements
The financial statements contain information about Samsoe & Samsoe UK Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover comprises revenue recognised by the company in respect of goods supplied during the year, exclusive of Value Added Tax and trade discounts. Turnover is recognised on transfer of the goods in accordance with the company's terms of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the lease terms
Plant and machinery etc - 33% on cost and 25% on cost

Stocks
Stock comprises of wholesale samples which are impaired by 50%, being the net realisable value. When the samples are no longer required they will be sold at a significant discount.

3. EMPLOYEES AND DIRECTORS

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

Samsoe & Samsoe UK Limited (Registered number: 11099074)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold and Computer
improvements fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 15,592 26,904 324 42,820
DEPRECIATION
At 1 January 2023 15,592 21,100 324 37,016
Charge for year - 545 - 545
At 31 December 2023 15,592 21,645 324 37,561
NET BOOK VALUE
At 31 December 2023 - 5,259 - 5,259
At 31 December 2022 - 5,804 - 5,804

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023 1
Additions 1
At 31 December 2023 2
NET BOOK VALUE
At 31 December 2023 2
At 31 December 2022 1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Samsoe & Samsoe Beak Street Limited
Registered office: 47 Beak Street, London, W1F 9SE
Nature of business:
%
Class of shares: holding
Ordinary shares 100.00

Samsoe & Samsoe Commercial Street London Limited
Registered office: No.1 London Bridge,London,SE1 9BG
Nature of business:
%
Class of shares: holding
Ordinary shares 100.00

Samsoe & Samsoe UK Limited (Registered number: 11099074)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 203,616 194,204
Other debtors 41,493 58,528
245,109 252,732

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,519 22,429
Amounts owed to group undertakings 95,513 199,775
Taxation and social security 71,187 90,504
Other creditors 59,275 5,453
231,494 318,161

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary share capital £1 1 1

9. RESERVES
Retained
earnings
£   

At 1 January 2023 34,509
Profit for the year 55,063
At 31 December 2023 89,572

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Simon Moss FCCA (Senior Statutory Auditor)
for and on behalf of Try Lunn & Co

Samsoe & Samsoe UK Limited (Registered number: 11099074)

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

11. RELATED PARTY DISCLOSURES

At 31 December 2023 £95,513 (2022: £199,775) was owed to the parent company Samsoe & Samsoe Holdings A/S. Interest is being accrued and amounted to £2,157 (2022: £9,240) during the year. The interest is being calculated at a market rate of interest.

During the year the company purchased goods & services amounting to £760,057 (2022: £650,557) and paid management charges and royalty payments of £560,362 (2022: £523,106) to Samsoe & Samsoe Wholesale ApS, a company also under the control of Samsoe & Samsoe Holdings A/S. These transactions were at arms length.

At 31 December 2023 £nil (2022: £32,596) was owed from Samsoe & Samsoe Wholesale ApS. This amount is interest free and repayable on demand.

During the year the company sold goods amounting to £283,122 (2022: £178,018) to Samsoe & Samsoe Beak Street Limited, a 100% subsidiary. At 31 December 2023 £nil (2022: £nil) was owed to the company by its subsidiary.

12. ULTIMATE CONTROLLING PARTY

The parent company is Samsoe & Samsoe Holdings A/S, a company registered in Denmark.

The ultimate parent company is P & P Holdings A/S, consolidated accounts are available from Ryesgade 19C, 2200 Kobenhav N.

The company is ultimately controlled by Mr P Rasmussen.