Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00886486 2023-01-01 2023-12-31 00886486 2022-01-01 2022-12-31 00886486 2023-12-31 00886486 2022-12-31 00886486 c:Director2 2023-01-01 2023-12-31 00886486 d:FurnitureFittings 2023-01-01 2023-12-31 00886486 d:FurnitureFittings 2023-12-31 00886486 d:FurnitureFittings 2022-12-31 00886486 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00886486 d:OfficeEquipment 2023-01-01 2023-12-31 00886486 d:OfficeEquipment 2023-12-31 00886486 d:OfficeEquipment 2022-12-31 00886486 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00886486 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00886486 d:FreeholdInvestmentProperty 2023-12-31 00886486 d:FreeholdInvestmentProperty 2022-12-31 00886486 d:CurrentFinancialInstruments 2023-12-31 00886486 d:CurrentFinancialInstruments 2022-12-31 00886486 d:Non-currentFinancialInstruments 2023-12-31 00886486 d:Non-currentFinancialInstruments 2022-12-31 00886486 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 00886486 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 00886486 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 00886486 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 00886486 d:ShareCapital 2023-12-31 00886486 d:ShareCapital 2022-12-31 00886486 d:RetainedEarningsAccumulatedLosses 2023-12-31 00886486 d:RetainedEarningsAccumulatedLosses 2022-12-31 00886486 c:FRS102 2023-01-01 2023-12-31 00886486 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 00886486 c:FullAccounts 2023-01-01 2023-12-31 00886486 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 00886486 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 00886486










SAMTRAD LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
SAMTRAD LIMITED
REGISTERED NUMBER: 00886486

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
889
1,597

Investment property
 5 
427,469
427,469

  
428,358
429,066

Current assets
  

Debtors: amounts falling due within one year
 6 
35,452
15,795

Cash at bank and in hand
  
7,763
96,682

  
43,215
112,477

Creditors: amounts falling due within one year
 7 
(6,533)
(4,621)

Net current assets
  
 
 
36,682
 
 
107,856

Total assets less current liabilities
  
465,040
536,922

Creditors: amounts falling due after more than one year
 8 
(374,310)
(374,310)

Provisions for liabilities
  

Deferred tax
  
(10,925)
(10,124)

Net assets
  
79,805
152,488


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
79,705
152,388

  
79,805
152,488


Page 1

 
SAMTRAD LIMITED
REGISTERED NUMBER: 00886486
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 September 2024.




W S Eyre
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
SAMTRAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Samtrad Limited is a private company limited by shares, incorporated in England and Wales (registered number: 00886486). Its registered office is 8 Forest Lane, Papplewick, Nottingham,NG15 8FF. The principal activity of the Company throughout the year continued to be that of the provision of short-term rental accommodation and property investment.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Rental income represents the rents due for the year under operating leases all of which relate to properties in the United Kingdom.

 
2.3

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Page 3

 
SAMTRAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

The depreciation rates used are:

Fixtures and fittings
-
25% straight line
Office equipment
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

 
2.5

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Income and Retained Earnings.

 
2.6

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties. 
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 4

 
SAMTRAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost


At 1 January 2023
19,054
2,168
21,222



At 31 December 2023

19,054
2,168
21,222



Depreciation


At 1 January 2023
17,457
2,168
19,625


Charge for the year on owned assets
708
-
708



At 31 December 2023

18,165
2,168
20,333



Net book value



At 31 December 2023
889
-
889



At 31 December 2022
1,597
-
1,597

Page 5

 
SAMTRAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
427,469



At 31 December 2023
427,469

The 2023 valuations were made by the director, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
312,564
312,564

312,564
312,564


6.


Debtors

2023
2022
£
£


Other debtors
35,452
15,795

35,452
15,795



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
-
330

Other creditors
6,533
4,291

6,533
4,621


Page 6

 
SAMTRAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Amounts owed to group undertakings
374,310
374,310


 
Page 7