SAMSONS LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED |
30TH AUGUST 2024 |
SAMSONS LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED |
30TH AUGUST 2024 |
SAMSONS LIMITED (REGISTERED NUMBER: 04681615) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH AUGUST 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Accountants' Report | 8 |
SAMSONS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30TH AUGUST 2024 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Trading as Haines Watts |
First Floor, Woburn Court |
2 Railton Road |
Woburn Rd Ind Est |
Kempston |
Bedfordshire |
MK42 7PN |
SAMSONS LIMITED (REGISTERED NUMBER: 04681615) |
BALANCE SHEET |
30TH AUGUST 2024 |
30/8/24 | 30/8/23 |
Notes | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Non-distributable reserves | 11 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
SAMSONS LIMITED (REGISTERED NUMBER: 04681615) |
BALANCE SHEET - continued |
30TH AUGUST 2024 |
The financial statements were approved by the director and authorised for issue on |
SAMSONS LIMITED (REGISTERED NUMBER: 04681615) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH AUGUST 2024 |
1. | STATUTORY INFORMATION |
Samsons Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £. |
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Investment property |
Investment property, which is property held to earn rentals and/or for capital appreciation, is measured using the fair value model and stated at its fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account. No formal valuation has taken place during the year by a professional independent valuer. |
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 balance sheet date. |
SAMSONS LIMITED (REGISTERED NUMBER: 04681615) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH AUGUST 2024 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor | Computer |
machinery | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 31st August 2023 |
Additions |
At 30th August 2024 |
DEPRECIATION |
At 31st August 2023 |
Charge for year |
At 30th August 2024 |
NET BOOK VALUE |
At 30th August 2024 |
At 30th August 2023 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 31st August 2023 |
and 30th August 2024 |
NET BOOK VALUE |
At 30th August 2024 |
At 30th August 2023 |
SAMSONS LIMITED (REGISTERED NUMBER: 04681615) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH AUGUST 2024 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 31st August 2023 |
and 30th August 2024 |
NET BOOK VALUE |
At 30th August 2024 |
At 30th August 2023 |
Fair value at 30th August 2024 is represented by: |
£ |
Valuation in 2000 | 1,028,140 |
Valuation in 2005 | 492,370 |
Valuation in 2006 | 500,000 |
Valuation in 2008 | (1,001,571 | ) |
Valuation in 2009 | (454,711 | ) |
Valuation in 2017 | 5,895,619 |
Valuation in 2018 | 124,608 |
Valuation in 2019 | 3,673,216 |
Valuation in 2020 | (650,442 | ) |
Valuation in 2023 | 14,702,595 |
Cost | 16,175,709 |
40,485,533 |
No formal independent valuation was performed on the investment properties during the year to 31 August 2024. No formal valuation has taken place during the year by a professional independent valuer. The investment properties are measured at fair value by the director using a valuation model. |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/8/24 | 30/8/23 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
Prepayments and accrued income |
SAMSONS LIMITED (REGISTERED NUMBER: 04681615) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH AUGUST 2024 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/8/24 | 30/8/23 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to group undertakings |
Corporation tax |
Social security and other taxes |
VAT | 60,751 | 35,962 |
Other creditors |
Net wages outstanding | 7,287 | 1,545 |
Deposits held | 188,171 | - |
Directors' & shareholders' |
current accounts | 50,000 | 50,000 |
Accruals & deferred income |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30/8/24 | 30/8/23 |
£ | £ |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
Bank loans more 5 yr by instal |
Directors' & shareholders' current accounts | 1,804,452 | 1,694,269 |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 6,096,152 | 3,949,892 |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
30/8/24 | 30/8/23 |
£ | £ |
Bank loans |
A cross-company guarantee exists with Staughton Moor Properties Ltd on a fixed charge, registered by Eastern Credit Ltd, over a property it holds. |
11. | RESERVES |
Non-distributable |
reserves |
£ |
At 31st August 2023 |
and 30th August 2024 |
ACCOUNTANTS' REPORT TO THE DIRECTOR |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
SAMSONS LIMITED |
The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Samsons Limited for the year ended 30th August 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the director of Samsons Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Samsons Limited and state those matters that we have agreed to state to the director of Samsons Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Samsons Limited and its director for our work or for this report. |
It is your duty to ensure that Samsons Limited 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 profit of Samsons Limited. You consider that Samsons Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Samsons Limited. 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. |
Trading as Haines Watts |
First Floor, Woburn Court |
2 Railton Road |
Woburn Rd Ind Est |
Kempston |
Bedfordshire |
MK42 7PN |