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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: M Saleem





SECRETARY: Mrs S Akhter





REGISTERED OFFICE: Whitegates
117 Bromham Road
Bedford
Bedfordshire
MK40 4BS





REGISTERED NUMBER: 04681615 (England and Wales)





ACCOUNTANTS: HW Bedford Limited
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 7,940 10,449
Investments 5 100 100
Investment property 6 40,485,533 40,485,533
40,493,573 40,496,082

CURRENT ASSETS
Debtors 7 5,602,287 5,508,931
Cash at bank 239,311 210,358
5,841,598 5,719,289
CREDITORS
Amounts falling due within one year 8 2,323,658 2,835,102
NET CURRENT ASSETS 3,517,940 2,884,187
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,011,513

43,380,269

CREDITORS
Amounts falling due after more than one
year

9

(10,976,368

)

(11,017,917

)

PROVISIONS FOR LIABILITIES (5,612,981 ) (5,634,806 )
NET ASSETS 27,422,164 26,727,546

CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 2,568,189 2,568,189
Non-distributable reserves 11 18,681,518 18,681,518
Retained earnings 6,172,257 5,477,639
SHAREHOLDERS' FUNDS 27,422,164 26,727,546

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th August 2024 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 23rd April 2025 and were signed by:





M Saleem - Director


SAMSONS LIMITED (REGISTERED NUMBER: 04681615)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH AUGUST 2024

1. STATUTORY INFORMATION

Samsons Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 13 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 31st August 2023 17,471 6,230 732 6,853 31,286
Additions - - - 141 141
At 30th August 2024 17,471 6,230 732 6,994 31,427
DEPRECIATION
At 31st August 2023 13,193 910 107 6,627 20,837
Charge for year 1,070 1,331 156 93 2,650
At 30th August 2024 14,263 2,241 263 6,720 23,487
NET BOOK VALUE
At 30th August 2024 3,208 3,989 469 274 7,940
At 30th August 2023 4,278 5,320 625 226 10,449

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 31st August 2023
and 30th August 2024 100
NET BOOK VALUE
At 30th August 2024 100
At 30th August 2023 100

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 40,485,533
NET BOOK VALUE
At 30th August 2024 40,485,533
At 30th August 2023 40,485,533

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 210,409 32,306
Amounts owed by group undertakings 5,262,498 5,351,100
Other debtors 3,000 8,000
Prepayments and accrued income 126,380 117,525
5,602,287 5,508,931

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 768,941 1,343,439
Trade creditors 642,350 542,705
Amounts owed to group undertakings 25,992 25,992
Corporation tax 129,895 694,102
Social security and other taxes 20,217 18,024
VAT 60,751 35,962
Other creditors 400,626 90,905
Net wages outstanding 7,287 1,545
Deposits held 188,171 -
Directors' & shareholders'
current accounts 50,000 50,000
Accruals & deferred income 29,428 32,428
2,323,658 2,835,102

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/8/24 30/8/23
£    £   
Bank loans - 1-2 years 768,941 1,343,439
Bank loans - 2-5 years 2,306,823 4,030,317
Bank loans more 5 yr by instal 6,096,152 3,949,892
Directors' & shareholders' current accounts 1,804,452 1,694,269
10,976,368 11,017,917

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 9,940,857 10,667,087

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 18,681,518

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.






HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN


23rd April 2025