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Company Registration No. 12891829 (England and Wales)
SAMSON PROPERTY LTD Unaudited accounts for the year ended 30 September 2024
SAMSON PROPERTY LTD Unaudited accounts Contents
Page
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SAMSON PROPERTY LTD Company Information for the year ended 30 September 2024
Directors
Ms Hannah Boyle Mr James Christopher Boyle Ms Samuel Christopher Boyle
Company Number
12891829 (England and Wales)
Registered Office
BUNCH MEADOWS WOODWAY PRINCES RISBOROUGH HP27 0NW ENGLAND
Accountants
Stoke Newington Accountants & Tax Consultants Ltd 4 Baird Road Enfield Middlesex EN1 1SJ
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SAMSON PROPERTY LTD Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,801 
19,751 
Investment property
1,911,203 
1,524,684 
1,927,004 
1,544,435 
Current assets
Cash at bank and in hand
385,756 
340,261 
Creditors: amounts falling due within one year
(26,293)
(21,143)
Net current assets
359,463 
319,118 
Total assets less current liabilities
2,286,467 
1,863,553 
Creditors: amounts falling due after more than one year
(2,254,520)
(1,896,770)
Net assets/(liabilities)
31,947 
(33,217)
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
85,312 
- 
Profit and loss account
(53,465)
(33,317)
Shareholders' funds
31,947 
(33,217)
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by
Mr James Christopher Boyle Director Company Registration No. 12891829
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SAMSON PROPERTY LTD Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
SAMSON PROPERTY LTD is a private company, limited by shares, registered in England and Wales, registration number 12891829. The registered office is BUNCH MEADOWS, WOODWAY, PRINCES RISBOROUGH, HP27 0NW, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Bal Method
Going concern
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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SAMSON PROPERTY LTD Notes to the Accounts for the year ended 30 September 2024
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Investments
Investments in shares are included at fair value.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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SAMSON PROPERTY LTD Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 October 2023
26,835 
At 30 September 2024
26,835 
Depreciation
At 1 October 2023
7,084 
Charge for the year
3,950 
At 30 September 2024
11,034 
Net book value
At 30 September 2024
15,801 
At 30 September 2023
19,751 
5
Investment property
2024 
£ 
Fair value at 1 October 2023
1,524,684 
Additions
301,207 
Net gain from fair value adjustments
85,312 
At 30 September 2024
1,911,203 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
2,390 
1,479 
Loans from directors
21,653 
17,814 
Accruals
2,250 
1,850 
26,293 
21,143 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
906,500 
532,500 
Amounts owed to group undertakings and other participating interests
1,348,020 
1,364,270 
2,254,520 
1,896,770 
8
Transactions with related parties
At the balance sheet date, where the director James Christopher Boyle held controlling interests, the company owed JBA Corporation Ltd £1,348,020. At the balance sheet date, where the director held controlling interest, the company owed to the director £21,653.
9
Controlling party
The company's ultimate controlling party is Mr James Christopher Boyle by virtue of the majority ownership of the issued share capital in the company.
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SAMSON PROPERTY LTD Notes to the Accounts for the year ended 30 September 2024
10
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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