Samco Holdings Ltd

Samco Holdings Ltd
Statement of Financial Position
As at 31 August 2024

	Notes	2024 £	2023 £
Fixed assets
Investments	3	69,187	61,660
		69,187	61,660
Current assets
Debtors	4	422,000	422,000
Cash at bank and in hand		524,012	51,543
		946,012	473,543
Creditors: amount falling due within one year	5	(413,097)	(402,062)
Net current assets		532,915	71,481

Total assets less current liabilities		602,102	133,141
Net assets		602,102	133,141

Capital and reserves
Called up share capital		200	200
Profit and loss account		601,902	132,941
Shareholders' funds		602,102	133,141

For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 22 May 2025 and were signed by:

-------------------------------
Mr K Aziz
Director

Samco Holdings Ltd
Notes to the Financial Statements
For the year ended 31 August 2024

General Information

Samco Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 12518687, registration address 92 Teesdale Road, Slough, SL2 1UD.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

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)

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.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.

Current and deferred tax assets and liabilities are not discounted.

Investment properties

Investment properties are properties held to earn rentals and/or for capital appreciation.

Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

2.	Average number of employees Average number of employees during the year was 1 (2023 : 1).

Investments

Cost	Other investments other than loans	Total
	£	£
At 01 September 2023	61,660	61,660
Additions	7,527	7,527
Transfer to/from tangible fixed assets	0	0
Disposals	-	-
At 31 August 2024	69,187	69,187

Other Investments include £100 share capital in two subsidiaries wholly owned by the company.

Other Investments also include land amounting to £69,087 (2023 - 61,560).

Debtors: amounts falling due within one year

	2024 £		2023 £
Amount owed by connected company	422,000		422,000
	422,000		422,000

Creditors: amount falling due within one year

	2024 £	2023 £
Amounts Owed to connected company	248,198	337,192
Accrued Expenses	899	870
Other Creditors	82,000	32,000
Directors' Current Accounts	82,000	32,000
	413,097	402,062

Related Party Transactions

Debtors due within one year include an interest free amount of £422,000 (2023 - £422,000) due from a related company. This loan is repayable on demand.

Creditors due within one year include an interest free amount of £248,198 (2023 - £337,192) due to a connected company. This loan is repayable on demand.

Creditors due within 1 year include an interest free amount of £82,000 (2023 - £32,000) due to the director. This loan is repayable on demand.

Registered Number: 12518687
England and Wales
SAMCO HOLDINGS LTD

Unaudited Financial Statements

Period of accounts Start date: 01 September 2023 End date: 31 August 2024