Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312023-09-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activitytrue11falsefalse 09170407 2023-09-01 2024-08-31 09170407 2022-09-01 2023-08-31 09170407 2024-08-31 09170407 2023-08-31 09170407 c:Director1 2023-09-01 2024-08-31 09170407 d:CurrentFinancialInstruments 2024-08-31 09170407 d:CurrentFinancialInstruments 2023-08-31 09170407 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 09170407 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 09170407 d:ShareCapital 2024-08-31 09170407 d:ShareCapital 2023-08-31 09170407 d:RetainedEarningsAccumulatedLosses 2024-08-31 09170407 d:RetainedEarningsAccumulatedLosses 2023-08-31 09170407 c:OrdinaryShareClass1 2023-09-01 2024-08-31 09170407 c:OrdinaryShareClass1 2024-08-31 09170407 c:FRS102 2023-09-01 2024-08-31 09170407 c:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 09170407 c:FullAccounts 2023-09-01 2024-08-31 09170407 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09170407 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-09-01 2024-08-31 09170407 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-08-31 09170407 e:PoundSterling 2023-09-01 2024-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09170407









SAMUEL POULTON PROPERTIES LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

 
SAMUEL POULTON PROPERTIES LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SAMUEL POULTON PROPERTIES LTD
FOR THE YEAR ENDED 31 AUGUST 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Samuel Poulton Properties Ltd for the year ended 31 August 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Samuel Poulton Properties Ltd in accordance with the terms of our engagement letter dated 20 September 2024Our work has been undertaken solely to prepare for your approval the financial statements of Samuel Poulton Properties Ltd and state those matters that we have agreed to state to the director of Samuel Poulton Properties Ltd in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Samuel Poulton Properties Ltd and its director for our work or for this report. 

It is your duty to ensure that Samuel Poulton Properties Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Samuel Poulton Properties Ltd. You consider that Samuel Poulton Properties Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Samuel Poulton Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
Chartered Accountants
  
Norwich
Norfolk
NR1 4DJ
 
5 March 2025
Page 1

 
SAMUEL POULTON PROPERTIES LTD
REGISTERED NUMBER: 09170407

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
8,129
-

Debtors: amounts falling due within one year
  
1,149
-

Cash at bank and in hand
  
6,129
1

  
15,407
1

Creditors: amounts falling due within one year
  
(18,613)
-

Net current (liabilities)/assets
  
 
 
(3,206)
 
 
1

Total assets less current liabilities
  
(3,206)
1

  

Net (liabilities)/assets
  
(3,206)
1


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(3,207)
-

  
(3,206)
1


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 February 2025.


S J Poulton
Director

The notes on pages 4 to 6 form part of these financial statements.
Page 2

 
SAMUEL POULTON PROPERTIES LTD
REGISTERED NUMBER: 09170407
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024


Page 3

 
SAMUEL POULTON PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

The Company is a private company limited by shares. It is both incorporated and domiciled in England and Wales. The address of its registered office is 7 The Close, Norwich, NR1 4DJ.
The company's principal activity is property development. The principal place of business is Buntingford, Herts.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director has considered a period of twelve months from the date of approval of the financial statements. They consider that projected income and their ongoing support will be more than adequate for the company's needs. As such the director believes that the financial statements should be prepared on a going concern basis.

 
2.3

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
SAMUEL POULTON PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and susequently, at the undiscounted amount  of the cash or other consideration expected to be paid or received.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Debtors

2024
2023
£
£


Other debtors
1,149
-

1,149
-



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
195
-

Other creditors
17,173
-

Accruals and deferred income
1,245
-

18,613
-


Page 5

 
SAMUEL POULTON PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 Ordinary shares of £0.01 each
1
1



7.


Related party transactions

As at 31 August 2024 the company owed the director £17,173.

 
Page 6