Registered number
11737637
SAMIKA HOLDINGS LIMITED
Filleted Accounts
31 December 2023
SAMIKA HOLDINGS LIMITED
Registered number: 11737637
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 287,387 287,387
Current assets
Debtors 4 394 639
Cash at bank and in hand 385,151 231,801
385,545 232,440
Creditors: amounts falling due within one year 5 (385,258) (221,902)
Net current assets 287 10,538
Net assets 287,674 297,925
Capital and reserves
Called up share capital 2,000 2,000
Profit and loss account 285,674 295,925
Shareholders' funds 287,674 297,925
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H R Gill
Director
Approved by the board on 13 September 2024
SAMIKA HOLDINGS LIMITED
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 January 2023 2,000 285,387 287,387
At 31 December 2023 2,000 285,387 287,387
Details of the company's subsidiaries at 31 December 2023 are as follows:
Name of undertaking Class of
shares held
% Held
Direct
De Monchy Aromatics Limited Ordinary 100.00
De Monchy Europe Purchasing Limited Ordinary 100.00
4 Debtors 2023 2022
£ £
Other debtors 394 639
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 385,258 221,902
Other creditors includes amounts payable to the directors as per note 6 below
6 Directors loans
Description and conditions B/fwd Paid Dividends C/fwd
£ £ £ £
Director 1
Repayable on demand (390) 135,000 (135,000) (390)
Director 2 -
Repayable on demand - - (115,800) (115,800)
Director 3
Repayable on demand (219,068) 114,000 (163,150) (268,218)
(219,458) 249,000 (413,950) (384,408)
7 Called up share capital Number 2023 2022
£ £
Ordinary share capital issued and fully paid
Ordinary A shares of £1 each 500 500 500
Ordinary B shares of £1 each 500 500 500
Ordinary C shares of £1 each 500 500 500
Ordinary D shares of £1 each 500 500 500
2,000 2,000 2,000
8 Other information
SAMIKA HOLDINGS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Units B & C Holton Heath Industrial Park
Blackhill Road
Poole
Dorset
BH16 6LS
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