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Samson (UK) Limited

Registered Number
08569174
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

Samson (UK) Limited
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

Mandeep Singh Binning
Antonis Demetri
Antonis Theori
Nicholas Theori

Registered Address

C/O Nicholas Peters & Co 2nd Floor
10-12 Bourlet Close
London
W1W 7BR

Place of Business

Olive Tree Centre

472A Larkshall Road

Higham's Park

London

E4 9HH


Registered Number

08569174 (England and Wales)
Samson (UK) Limited
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets33,800,0003,325,301
3,800,0003,325,301
Current assets
Debtors457,71859,756
Cash at bank and on hand90,32154,417
148,039114,173
Creditors amounts falling due within one year5(2,127,523)(2,133,315)
Net current assets (liabilities)(1,979,484)(2,019,142)
Total assets less current liabilities1,820,5161,306,159
Creditors amounts falling due after one year6(902,236)(984,971)
Provisions for liabilities7(118,675)-
Net assets799,605321,188
Capital and reserves
Called up share capital100100
Profit and loss account799,505321,088
Shareholders' funds799,605321,188
The financial statements were approved and authorised for issue by the Board of Directors on 15 November 2024, and are signed on its behalf by:
Mandeep Singh Binning
Director
Registered Company No. 08569174
Samson (UK) Limited
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover represents the net value of the rent received as per rental agreements.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation.
Investment property
Investment Properties are stated at fair market valuation. Surplus or deficit arising on the revaluation are transferred to the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Land & buildings

Total

££
Cost or valuation
At 01 July 233,325,3013,325,301
Revaluations474,699474,699
At 30 June 243,800,0003,800,000
Net book value
At 30 June 243,800,0003,800,000
At 30 June 233,325,3013,325,301
The valuation of the properties has been carried out by the directors of the company and reflects the fair market value at the balance sheet date.
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables8,500-
Other debtors44,82354,643
Prepayments and accrued income4,3955,113
Total57,71859,756
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables4,66418,498
Bank borrowings and overdrafts87,31399,056
Taxation and social security74,06850,053
Other creditors1,930,4521,935,452
Accrued liabilities and deferred income31,02630,256
Total2,127,5232,133,315
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts902,236984,971
Total902,236984,971
The bank and bridging loans are secured against the properties and personal guaranties are given by the directors.
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)118,675-
Total118,675-