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Registered number: 09615341

Sam Property Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024

Prepared By:
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

Sam Property Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
DIRECTORS
Alexander Matyas
REGISTERED OFFICE
49 Mowbray Road
Edgware
Middlesex
HA8 8JL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09615341
BANKERS
Barclays
ACCOUNTANTS
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

Sam Property Limited

ACCOUNTS
FOR THEYEARENDED30/06/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Sam Property Limited

BALANCE SHEET AT 30/06/2024
20242023
Notes££
FIXED ASSETS
Tangible assets389,458389,458
CURRENT ASSETS
Debtors36,1767,621
Cash at bank and in hand15,96329,259
22,13936,880
CREDITORS: Amounts falling due within one year41,6754,546
NET CURRENT ASSETS20,46432,334
TOTAL ASSETS LESS CURRENT LIABILITIES409,922421,792
CREDITORS: Amounts falling due after more than one year5350,327362,085
NET ASSETS59,59559,707
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account59,49559,607
SHAREHOLDERS' FUNDS59,59559,707
For the year ending 30/06/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 15/11/2024 and signed on their behalf by
.............................
Alexander Matyas
Director

Sam Property Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
2. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/07/2023389,458389,458
At 30/06/2024389,458389,458
3. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors6,1767,621
6,1767,621

Sam Property Limited

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax-1,152
Other creditors475694
Accruals1,2002,700
1,6754,546
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr3,8205,720
Bank loans (secured) >1yr346,507356,365
350,327362,085
6. EMPLOYEES
20242023
No.No.
Average number of employees--
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
8. CONTROLLING PARTY
The company is controlled by Alexander Matyas, the director, by virtue of the fact that, together with his spouse, he holds 100% of the company's issued and called up, voting share capital.

Sam Property Limited

9. RELATED PARTY TRANSACTIONS
During the year, certain loans were advanced to the company by Alexander Matyas, the director. The loans are interest free and repayable on demand. At the year end, the balance due to the director totalled £1,200 (2023: £695).
Dividends of £Nil (2023: £2,000) each, totalling £Nil (2023: £4,000), were paid to the director and his spouse during the year.