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REGISTERED NUMBER: 00729674 (England and Wales)















SAMYAL INVESTMENTS LTD

Financial Statements for the Year Ended 31 December 2023






SAMYAL INVESTMENTS LTD (Registered number: 00729674)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SAMYAL INVESTMENTS LTD

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs A G Grunwald
Mrs J Y Root





SECRETARY: Mrs A G Grunwald





REGISTERED OFFICE: 111 College Hill Road
Harrow Weald
Harrow
Middlesex
HA3 7BT





REGISTERED NUMBER: 00729674 (England and Wales)





ACCOUNTANT: MGS CONSULTING
Chartered Certified Accountant & Business Adviser
111 College Hill Road
Harrow
Middlesex
HA3 7BT

SAMYAL INVESTMENTS LTD (Registered number: 00729674)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 592,000 592,000

CURRENT ASSETS
Debtors 5 7,408 30,555
Cash at bank 22,807 23,472
30,215 54,027
CREDITORS
Amounts falling due within one year 6 62,886 61,592
NET CURRENT LIABILITIES (32,671 ) (7,565 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

559,329

584,435

PROVISIONS FOR LIABILITIES 60,444 60,444
NET ASSETS 498,885 523,991

CAPITAL AND RESERVES
Called up share capital 7 100 100
Revaluation reserve 8 389,073 389,073
Retained earnings 8 109,712 134,818
SHAREHOLDERS' FUNDS 498,885 523,991

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

SAMYAL INVESTMENTS LTD (Registered number: 00729674)

Balance Sheet - continued
31 December 2023


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 24 September 2024 and were signed on its behalf by:





Mrs A G Grunwald - Director


SAMYAL INVESTMENTS LTD (Registered number: 00729674)

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

1. STATUTORY INFORMATION

SAMYAL INVESTMENTS LTD 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.

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.

Turnover
Turnover represents Rents received on the investment properties owned by the company.

SAMYAL INVESTMENTS LTD (Registered number: 00729674)

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

2. ACCOUNTING POLICIES - continued

Investments properties
In accordance with SSAP 19, no depreciation is provided in respect of investment properties. This represents a departure from the Companies Act 1985 requirements to provide for the systematic annual depreciation of fixed assets. However, these properties are held for investment, rather than consumption, and the directors consider that the adoption of the above policy is necessary to give a true and fair view.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY

Investments properties are shown at most recent valuation on the basis of open market value.

Cost or valuation at 31 December 2023 is represented by:
£   
Valuation in 2020 592,000

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
INVESTMENT PROPERTY

'COST' ACCOUNT TOTAL
Cost/valuation b/f 592,000
592,000

CLIENT SCREEN TOTAL = -


If Investment Properties had not been revalued it would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 136,001 136,001

Investment Properties were valued on an open market basis on 18 July 2020 by David Burlinson BA (Hons) MRICS .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Debtors 7,408 30,555

SAMYAL INVESTMENTS LTD (Registered number: 00729674)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Creditors 46,184 46,184
Other creditors 945 945
Corporation Tax 2,086 5,827
Directors' current accounts 2,471 2,471
Accrued expenses 11,200 6,165
62,886 61,592

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 ORDINARY £1 100 100

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 January 2023 134,818 389,073 523,891
Profit for the year 8,894 8,894
Dividends (34,000 ) (34,000 )
At 31 December 2023 109,712 389,073 498,785

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Mrs A G Grunwald
Balance outstanding at start of year 2,471 965
Amounts advanced - 1,506
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 2,471