Registered number
14815544
Sam Realty Limited
Filleted Accounts
30 April 2024
Sam Realty Limited
Registered number: 14815544
Balance Sheet
as at 30 April 2024
Notes 2024
£
Fixed assets
Investments properties 3 1,745
Investments 4 392,294
394,039
Current assets
Debtors 5 2,786
Cash at bank and in hand 6,558
9,344
Creditors: amounts falling due within one year 6 (142,063)
Net current liabilities (132,719)
Total assets less current liabilities 261,320
Creditors: amounts falling due after more than one year 7 (267,142)
Net liabilities (5,822)
Capital and reserves
Called up share capital 100
Profit and loss account (5,922)
Shareholders' funds (5,822)
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.
Mr Sasikumar Raghunathan
Director
Approved by the board on 24 September 2024
Sam Realty Limited
Notes to the Accounts
for the period from 19 April 2023 to 30 April 2024
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 4 years
Investment Property
Investment properties are those which are held either to earn rental income or for capital appreciation or for both. Investment properties are measured at cost, including related transaction costs. After initial recognition at cost, investment properties are carried at at their fair values based on market value determined by Directors annually. The difference between the fair value of an investment at the reporting date and its carrying amount prior to re-measurement is included in the income statement as a valuation surplus or deficit.
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.
2 Employees 2024
Number
Average number of persons employed by the company 0
3 Tangible fixed assets
Fixtures, fittings, tools and equipment
£
Cost
Additions 2,326
At 30 April 2024 2,326
Depreciation
Charge for the period 581
At 30 April 2024 581
Net book value
At 30 April 2024 1,745
4 Investments
Investment
Properties
£
Cost
Additions 392,294
At 30 April 2024 392,294
5 Debtors 2024
£
Other debtors 2,786
6 Creditors: amounts falling due within one year 2024
£
Bank loans and overdrafts 15,691
Other creditors 126,372
142,063
7 Creditors: amounts falling due after one year 2024
£
Bank loans 267,142
8 Loans 2024
£
Creditors include:
Secured bank loans 282,832
The aggregate amount of creditors for which security has been given amounted to £282,832. These amounts have been secured against the investment properties of the company.
9 Other information
Sam Realty Limited is a private company limited by shares and incorporated in England. Its registered office is:
311 Regents Park Road
London
N3 1DP
Sam Realty Limited 14815544 false 2023-04-19 2024-04-30 2024-04-30 VT Final Accounts July 2024 Mr Sasikumar Raghunathan No description of principal activity 14815544 2023-04-19 2024-04-30 14815544 bus:PrivateLimitedCompanyLtd 2023-04-19 2024-04-30 14815544 bus:AuditExemptWithAccountantsReport 2023-04-19 2024-04-30 14815544 bus:Director40 2023-04-19 2024-04-30 14815544 1 2023-04-19 2024-04-30 14815544 2 2023-04-19 2024-04-30 14815544 countries:England 2023-04-19 2024-04-30 14815544 bus:FRS102 2023-04-19 2024-04-30 14815544 bus:FilletedAccounts 2023-04-19 2024-04-30 14815544 2024-04-30 14815544 core:WithinOneYear 2024-04-30 14815544 core:AfterOneYear 2024-04-30 14815544 core:ShareCapital 2024-04-30 14815544 core:RetainedEarningsAccumulatedLosses 2024-04-30 14815544 2023-04-18 iso4217:GBP xbrli:pure