IRIS Accounts Production v24.3.0.553 06680338 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh066803382023-08-31066803382024-08-31066803382023-09-012024-08-31066803382022-08-31066803382022-09-012023-08-31066803382023-08-3106680338ns15:EnglandWales2023-09-012024-08-3106680338ns14:PoundSterling2023-09-012024-08-3106680338ns10:Director12023-09-012024-08-3106680338ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3106680338ns10:SmallEntities2023-09-012024-08-3106680338ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3106680338ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3106680338ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3106680338ns10:FullAccounts2023-09-012024-08-3106680338ns10:OrdinaryShareClass12023-09-012024-08-3106680338ns10:Director22023-09-012024-08-3106680338ns10:RegisteredOffice2023-09-012024-08-3106680338ns5:CurrentFinancialInstruments2024-08-3106680338ns5:CurrentFinancialInstruments2023-08-3106680338ns5:Non-currentFinancialInstruments2024-08-3106680338ns5:Non-currentFinancialInstruments2023-08-3106680338ns5:ShareCapital2024-08-3106680338ns5:ShareCapital2023-08-3106680338ns5:RevaluationReserve2024-08-3106680338ns5:RevaluationReserve2023-08-3106680338ns5:FurtherSpecificReserve1ComponentTotalEquity2024-08-3106680338ns5:FurtherSpecificReserve1ComponentTotalEquity2023-08-3106680338ns5:RetainedEarningsAccumulatedLosses2024-08-3106680338ns5:RetainedEarningsAccumulatedLosses2023-08-3106680338ns5:PlantMachinery2023-09-012024-08-3106680338ns5:PlantMachinery2023-08-3106680338ns5:PlantMachinery2024-08-3106680338ns5:PlantMachinery2023-08-3106680338ns5:CostValuation2023-08-3106680338ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3106680338ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3106680338ns10:OrdinaryShareClass12024-08-3106680338ns5:RevaluationReserve2023-08-31
REGISTERED NUMBER: 06680338 (England and Wales)















SAMBAR LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






SAMBAR LIMITED (REGISTERED NUMBER: 06680338)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


SAMBAR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: A S Barton
Mrs S Barton





REGISTERED OFFICE: Hall Farm
Saundby
Retford
Nottinghamshire
DN22 9ER





REGISTERED NUMBER: 06680338 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

SAMBAR LIMITED (REGISTERED NUMBER: 06680338)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 33,504 19,291
Investments 5 1,427,336 1,427,336
Investment property 6 2,525,201 2,168,294
3,986,041 3,614,921

CURRENT ASSETS
Debtors 7 - 57,527
Cash at bank - 72,943
- 130,470
CREDITORS
Amounts falling due within one year 8 675,975 639,020
NET CURRENT LIABILITIES (675,975 ) (508,550 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,310,066 3,106,371

CREDITORS
Amounts falling due after more than one year 9 (731,133 ) (590,684 )

PROVISIONS FOR LIABILITIES (133,782 ) (74,708 )
NET ASSETS 2,445,151 2,440,979

CAPITAL AND RESERVES
Called up share capital 11 200 200
Fair value reserve 12 519,687 344,036
Revaluation reserve 1,427,236 1,427,236
Retained earnings 498,028 669,507
SHAREHOLDERS' FUNDS 2,445,151 2,440,979

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

SAMBAR LIMITED (REGISTERED NUMBER: 06680338)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 2024


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 15 November 2024 and were signed on its behalf by:





A S Barton - Director


SAMBAR LIMITED (REGISTERED NUMBER: 06680338)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Sambar Limited 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.

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.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue comprises rental income receivable from property letting. Revenue is recognised when the significant risks and rewards have passed to the tenant, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and that the costs incurred, or to be incurred, in respect of the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

SAMBAR LIMITED (REGISTERED NUMBER: 06680338)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 September 2023 46,720
Additions 25,500
Disposals (2,300 )
At 31 August 2024 69,920
DEPRECIATION
At 1 September 2023 27,429
Charge for year 8,987
At 31 August 2024 36,416
NET BOOK VALUE
At 31 August 2024 33,504
At 31 August 2023 19,291

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 September 2023
and 31 August 2024 1,427,336
NET BOOK VALUE
At 31 August 2024 1,427,336
At 31 August 2023 1,427,336

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 2,168,294
Additions 122,706
Revaluations 234,201
At 31 August 2024 2,525,201
NET BOOK VALUE
At 31 August 2024 2,525,201
At 31 August 2023 2,168,294

SAMBAR LIMITED (REGISTERED NUMBER: 06680338)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

6. INVESTMENT PROPERTY - continued

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2020 1,558,870
Valuation in 2021 (861,633 )
Valuation in 2022 229,891
Valuation in 2023 (508,384 )
Valuation in 2024 234,201
Cost 1,872,256
2,525,201

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,872,256 1,749,550

Investment properties were valued on an open market basis on 31 August 2024 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 6,632
Other debtors - 50,895
- 57,527

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 224,555 49,216
Hire purchase contracts 21,263 5,845
Trade creditors 28,000 -
Taxation and social security 14,429 29,596
Other creditors 387,728 554,363
675,975 639,020

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 731,133 569,421
Hire purchase contracts - 21,263
731,133 590,684

10. SECURED DEBTS

Bank loans arising are secured against the property borrowed against.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 200 200

SAMBAR LIMITED (REGISTERED NUMBER: 06680338)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

12. RESERVES
Fair
value
reserve
£   
At 1 September 2023 344,036
Revaluation in year 175,651

At 31 August 2024 519,687