Registered number
11401171
Samuel Palmer Limited
Filleted Accounts
30 June 2024
Samuel Palmer Limited
Registered number: 11401171
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Current assets
Cash at bank and in hand 72,471 100,814
Creditors: amounts falling due within one year 3 330,062 149,882
Net current assets 402,533 250,696
Net assets 402,533 250,696
Capital and reserves
Called up share capital 1 1
Profit and loss account 402,532 250,695
Shareholder's funds 402,533 250,696
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Samuel Palmer
Director
Approved by the board on 17 October 2024
Samuel Palmer Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
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).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors (330,062) (149,882)
4 Other information
Samuel Palmer Limited is a private company limited by shares and incorporated in England. Its registered office is:
Highstone House
165 High street
Barnet
Hertfordshire
EN5 5SU
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