2023-02-01 06497491 2024-01-31 06497491 2023-02-01 2024-01-31 06497491 2023-01-31 06497491 2022-02-01 2023-01-31 06497491 uk-core:WithinOneYear 2023-01-31 06497491 uk-core:WithinOneYear 2024-01-31 06497491 uk-core:AfterOneYear 2023-01-31 06497491 uk-core:AfterOneYear 2024-01-31 06497491 uk-core:ShareCapital 2024-01-31 06497491 uk-core:ShareCapital 2023-01-31 06497491 uk-core:RetainedEarningsAccumulatedLosses 2024-01-31 06497491 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 06497491 uk-bus:Director1 2023-02-01 2024-01-31 06497491 uk-core:FurnitureFittings 2023-02-01 2024-01-31 06497491 uk-core:FurnitureFittings 2023-01-31 06497491 uk-core:InvestmentPropertyIncludedWithinPPE 2023-01-31 06497491 uk-core:InvestmentPropertyIncludedWithinPPE 2024-01-31 06497491 uk-core:FurnitureFittings 2024-01-31 06497491 uk-core:InvestmentPropertyIncludedWithinPPE 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure 06497491 uk-bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 06497491 uk-bus:FRS102 2023-02-01 2024-01-31 06497491 uk-bus:FullAccounts 2023-02-01 2024-01-31 06497491 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31
Sam Properties Inc Ltd
Registered Number:06497491
For the year ended 31 January 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 January 2024
Sam Properties Inc Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
06497491
As at 31 January 2024
Sam Properties Inc Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
1,661,180
1,661,253
2
1,661,180
1,661,253
Current assets
225,261
Cash and cash equivalents
48,444
48,444
225,261
Trade and other payables: amounts falling due within one year
(73,290)
(79,730)
3
151,971
(31,286)
Net current liabilities
Total assets less current liabilities
1,629,894
1,813,224
Trade and other payables: amounts falling due after more than one
year
(1,209,967)
(976,759)
4
653,135
Net assets
603,257
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
652,135
602,257
653,135
603,257
Shareholders' funds
For the year ended 31 January 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr M Saleem Director
These financial statements were approved and authorised for issue by the Board on 31 October 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 January 2024
Sam Properties Inc Ltd
Notes to the Financial Statements
Statutory Information
Sam Properties Inc Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
06497491.
Registered address:
69 Carrwood
Halebarns
Altrincham
Cheshire
WA15 0ER
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover represents rents receivable.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20% Reducing balance
Fixtures and fittings
Investment property
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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5
For the year ended 31 January 2024
Sam Properties Inc Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Investment
property
£
£
£
Cost or valuation
At 01 February 2023
1,667,377
6,492
1,660,885
At 31 January 2024
1,660,885
6,492
1,667,377
Provision for depreciation and impairment
At 01 February 2023
6,124
6,124
-
Charge for year
73
73
-
At 31 January 2024
6,197
6,197
-
At 31 January 2024
Net book value
1,660,885
295
1,661,180
At 31 January 2023
1,660,885
368
1,661,253
3. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
12,710
13,555
Other creditors
67,020
59,735
79,730
73,290
4. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
976,759
1,209,967
5. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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