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Registered number: 02127052









SAM HARRIS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
SAM HARRIS LIMITED
REGISTERED NUMBER: 02127052

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
                                                                            Note
£
£

Fixed assets
  

Intangible fixed assets
  
23,337
25,755

Tangible fixed assets
  
-
1,807

  
23,337
27,562

Current assets
  

Cash at bank and in hand
 6 
140,769
143,916

  
140,769
143,916

Creditors: amounts falling due within one year
 7 
(108,248)
(112,556)

Net current assets
  
 
 
32,521
 
 
31,360

Total assets less current liabilities
  
55,858
58,922

  

Net assets
  
55,858
58,922


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
 9 
55,758
58,822

  
55,858
58,922


Page 1

 
SAM HARRIS LIMITED
REGISTERED NUMBER: 02127052
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 June 2025.




Mr A Pariser
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
SAM HARRIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Sam Harris Limited ("the Company") is a company limited by shares, incorporated in England and Wales. Its registered office is Leytonstone House, Leytonstone, London, E11 1GA.
The Company's principal activity is that of a licensed bookmaker.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue from betting activities represents the net gain or loss from betting activities in the period and is stated net of costs.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


Page 3

 
SAM HARRIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
20%
straight line
Computer equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.6

Intangible fixed assets

ntangible fixed assets are stated at cost less amortisation. Cost represents amounts paid to the National Joint Pitch Council for on-course pitch betting rights. The cost of these rights is to be amortised over a period of 20 years on a straight line basis.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 5).

Page 4

 
SAM HARRIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Intangible assets




Betting rights

£



Cost


At 1 October 2023
118,055



At 30 September 2024

118,055



Amortisation


At 1 October 2023
92,300


Charge for the year on owned assets
2,418



At 30 September 2024

94,718



Net book value



At 30 September 2024
23,337



At 30 September 2023
25,755



Page 5

 
SAM HARRIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 October 2023
55,005



At 30 September 2024

55,005



Depreciation


At 1 October 2023
53,198


Charge for the year on owned assets
1,807



At 30 September 2024

55,005



Net book value



At 30 September 2024
-



At 30 September 2023
1,807


6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
140,769
143,916



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
-
968

Other taxation and social security
827
667

Other creditors
104,061
107,561

Accruals and deferred income
3,360
3,360

108,248
112,556


Page 6

 
SAM HARRIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



9.


Reserves

Profit and loss account

The Statement of income and retained earnings account consists of distributable reserves arising from cumulative historical profits and losses less any distributions made.


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £970 (2023 - £731). There were no amounts outstanding at the year end.


11.


Related party transactions

Included within other creditors is an amount due to the directors of £104,061 (2023 - £107,561). The loan is unsecured and interest free.

 
Page 7