F J Samuely and Partners Limited 03924834 false 2023-07-01 2024-07-31 2024-07-31 The principal activity of the company is a long established professional structural engineering practice based in Central London and Surrey. It offers specialist structural reports and designs for both the domestic and commercial market. It has proved difficult to achieve planned sales from predominantly low value projects. Future strategy to review potential market opportunities. Digita Accounts Production Advanced 6.30.9574.0 true false true 03924834 2023-07-01 2024-07-31 03924834 2024-07-31 03924834 core:CurrentFinancialInstruments 2024-07-31 03924834 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 03924834 core:FurnitureFittingsToolsEquipment 2024-07-31 03924834 core:OtherPropertyPlantEquipment 2024-07-31 03924834 bus:SmallEntities 2023-07-01 2024-07-31 03924834 bus:Audited 2023-07-01 2024-07-31 03924834 bus:FilletedAccounts 2023-07-01 2024-07-31 03924834 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-07-31 03924834 bus:RegisteredOffice 2023-07-01 2024-07-31 03924834 bus:Director3 2023-07-01 2024-07-31 03924834 bus:Director5 2023-07-01 2024-07-31 03924834 bus:Director6 2023-07-01 2024-07-31 03924834 bus:Director7 2023-07-01 2024-07-31 03924834 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-07-31 03924834 core:FurnitureFittings 2023-07-01 2024-07-31 03924834 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-07-31 03924834 core:OtherPropertyPlantEquipment 2023-07-01 2024-07-31 03924834 core:PlantMachinery 2023-07-01 2024-07-31 03924834 core:ParentEntities 2023-07-01 2024-07-31 03924834 1 2023-07-01 2024-07-31 03924834 1 2023-07-01 2024-07-31 03924834 countries:EnglandWales 2023-07-01 2024-07-31 03924834 2023-06-30 03924834 core:FurnitureFittingsToolsEquipment 2023-06-30 03924834 core:OtherPropertyPlantEquipment 2023-06-30 03924834 2022-08-01 2023-06-30 03924834 2023-06-30 03924834 core:CurrentFinancialInstruments 2023-06-30 03924834 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 03924834 core:FurnitureFittingsToolsEquipment 2023-06-30 03924834 core:OtherPropertyPlantEquipment 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 03924834

F J Samuely and Partners Limited

Financial Statements

for the Period from 1 July 2023 to 31 July 2024

Brebners
Chartered Accountants & Statutory Auditor
130 Shaftesbury Avenue
London
W1D 5AR

 

F J Samuely and Partners Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3 to 7

 

F J Samuely and Partners Limited

Company Information

Directors

S J Hutchinson

R Bedran

F Ozut

K Patel

Registered office

Second Floor Annex
Locke King House
2 Balfour Road
Weybridge
KT13 8HD

Auditor

Brebners
Chartered Accountants & Statutory Auditor
130 Shaftesbury Avenue
London
W1D 5AR

 

F J Samuely and Partners Limited

Statement of Financial Position as at 31 July 2024

Note

31 July
2024
£

2023
£

Fixed assets

 

Tangible assets

5

-

2,560

Current assets

 

Debtors

6

63,593

237,039

Cash at bank and in hand

 

8,670

49,357

 

72,263

286,396

Creditors: Amounts falling due within one year

7

(71,637)

(601,568)

Net current assets/(liabilities)

 

626

(315,172)

Total assets less current liabilities

 

626

(312,612)

Provisions for liabilities

(626)

(626)

Net liabilities

 

-

(313,238)

Capital and reserves

 

Called up share capital

2,001

2,001

Retained earnings

(2,001)

(315,239)

Shareholders' deficit

 

-

(313,238)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the Board on 25 February 2025 and signed on its behalf by:
 

.........................................

S J Hutchinson

Director

Company registration number: 03924834

 

F J Samuely and Partners Limited

Notes to the Financial Statements for the Period from 1 July 2023 to 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Second Floor Annex
Locke King House
2 Balfour Road
Weybridge
KT13 8HD
England

The principal activity of the company is a long established professional structural engineering practice based in Central London and Surrey. It offers specialist structural reports and designs for both the domestic and commercial market. It has proved difficult to achieve planned sales from predominantly low value projects. Future strategy to review potential market opportunities.

2

Audit Report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 27 February 2025 was Darren Bond, who signed for and on behalf of Brebners.

3

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Disclosure of long or short period

These financial statements relate to the 13 month period from the 1 July 2023 to 31 July 2024.

 

F J Samuely and Partners Limited

Notes to the Financial Statements for the Period from 1 July 2023 to 31 July 2024

Going concern

The company made a profit after tax for the period ended 31 July 2024 and had no net assets at 31 July 2024. The profit generated was a result of Group loan waivers provided to F J Samuely and Partners at 31 July 2024.

The director has considered the impact of the ongoing economic uncertainty in the United Kingdom and the director's view is that the impact is manageable. The company has continued to trade in the year and has restructured its operations to ensure more efficiencies within the business. The company was, however, sold by it's former immediate parent. The new owners and directors have considered the cashflow requirements of the company forecasts for the next 12 months, which demonstrates that the company has sufficient working capital for a period exceeding 12 months from the approval of the financial statements.

On the basis of the above, and after making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that
future economic benefits will flow to the company and specific criteria have been met for each of the company’s activities.

Revenue from the rendering of services is measured by reference to the stage of completion of the service
transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the
outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are
recoverable.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

F J Samuely and Partners Limited

Notes to the Financial Statements for the Period from 1 July 2023 to 31 July 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Fixtures and fittings

25% reducing balance

Furniture

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

4

Staff numbers

The average number of persons employed by the company during the period, was 6 (2023 - 6).

 

F J Samuely and Partners Limited

Notes to the Financial Statements for the Period from 1 July 2023 to 31 July 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 July 2023

8,227

101,854

110,081

Disposals

(8,227)

(101,854)

(110,081)

At 31 July 2024

-

-

-

Depreciation

At 1 July 2023

8,145

99,376

107,521

Charge for the period

45

590

635

Eliminated on disposal

(8,190)

(99,966)

(108,156)

At 31 July 2024

-

-

-

Carrying amount

At 31 July 2024

-

-

-

At 30 June 2023

82

2,478

2,560

6

Debtors

Note

31 July
2024
£

2023
£

Trade debtors

 

41,268

76,299

Amounts owed by group undertakings

8

-

69,779

Other debtors

 

22,325

90,961

 

63,593

237,039

7

Creditors

Creditors: amounts falling due within one year

Note

31 July
2024
£

2023
£

Trade creditors

 

16,710

44,986

Amounts owed to group undertakings

8

30,728

504,373

Taxation and social security

 

17,703

15,080

Accruals and deferred income

 

6,496

28,863

Other creditors

 

-

8,266

 

71,637

601,568

 

F J Samuely and Partners Limited

Notes to the Financial Statements for the Period from 1 July 2023 to 31 July 2024

8

Related party transactions

Summary of transactions with parent and fellow subsidiaries

In accordance with FRS 102 paragraph 33.1A, exemption is taken not to disclose transactions in the year between wholly owned group undertakings.
 

9

Relationship between entity and parents

The company's immediate parent was formerly Centura Holdings Limited, incorporated in England and Wales.

The ultimate parent was formerly Centura Group Limited incorporated in England and Wales.

On 1 August 2024 the immediate parent, Centura Holdings Limited, sold F J Samuely and Partners Limited.