0 false false false false false false false false false false true false false false false true true false 2024-01-01 Sage Accounts Production Advanced 2024 - FRS102_2024 12,781,180 1,500 12,782,680 12,782,680 12,781,180 xbrli:pure xbrli:shares iso4217:EUR 09453120 2024-01-01 2024-12-31 09453120 2024-12-31 09453120 2023-12-31 09453120 2023-01-01 2023-12-31 09453120 2023-12-31 09453120 2022-12-31 09453120 bus:Director1 2024-01-01 2024-12-31 09453120 bus:Director2 2024-01-01 2024-12-31 09453120 bus:CompanySecretary1 2024-01-01 2024-12-31 09453120 core:WithinOneYear 2024-12-31 09453120 core:WithinOneYear 2023-12-31 09453120 core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 09453120 core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 09453120 core:ShareCapital 2024-12-31 09453120 core:ShareCapital 2023-12-31 09453120 core:RetainedEarningsAccumulatedLosses 2024-12-31 09453120 core:RetainedEarningsAccumulatedLosses 2023-12-31 09453120 core:ShareCapital 2022-12-31 09453120 core:RetainedEarningsAccumulatedLosses 2022-12-31 09453120 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 09453120 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInInvestments 2024-12-31 09453120 core:CostValuation core:Non-currentFinancialInstruments 2024-12-31 09453120 core:Non-currentFinancialInstruments 2024-12-31 09453120 core:Non-currentFinancialInstruments 2023-12-31 09453120 bus:SmallEntities 2024-01-01 2024-12-31 09453120 bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09453120 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09453120 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09453120 bus:FullAccounts 2024-01-01 2024-12-31
COMPANY REGISTRATION NUMBER: 09453120
SAMHAI HOLDING LIMITED
Unaudited Financial Statements
31 December 2024
SAMHAI HOLDING LIMITED
Financial Statements
Year ended 31 December 2024
Contents
Page
Directors' report
1
Income statement
2
Statement of financial position
3
Statement of changes in equity
4
Notes to the financial statements
5
SAMHAI HOLDING LIMITED
Directors' Report
Year ended 31 December 2024
The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2024 .
Principal activities
The principal activity of the company during the year was holding of investments.
Directors
The directors who served the company during the year were as follows:
Mr Christophoros Demetriades
Fiduci-Corp Directors Limited
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 17 June 2025 and signed on behalf of the board by:
Mr Christophoros Demetriades
Fiduci-Corp Directors Limited
Director
Director
Fidici-Corp (UK) Services Limited
Company Secretary
SAMHAI HOLDING LIMITED
Income Statement
Year ended 31 December 2024
2024
2023
Note
Administrative expenses
( 14,289)
( 14,187)
--------
--------
Operating loss
( 14,289)
( 14,187)
Other interest receivable and similar income
1,500
192
--------
--------
Loss before taxation
( 12,789)
( 13,995)
Tax on loss
--------
--------
Loss for the financial year
( 12,789)
( 13,995)
--------
--------
All the activities of the company are from continuing operations.
The company has no other recognised items of income and expenses other than the results for the year as set out above.
SAMHAI HOLDING LIMITED
Statement of Financial Position
31 December 2024
2024
2023
Note
Fixed assets
Investments
4
12,782,680
12,781,180
Current assets
Debtors
5
802,942
802,936
Creditors: amounts falling due within one year
6
62,487
48,192
---------
---------
Net current assets
740,455
754,744
-------------
-------------
Total assets less current liabilities
13,523,135
13,535,924
-------------
-------------
Net assets
13,523,135
13,535,924
-------------
-------------
Capital and reserves
Called up share capital
5,011,333
5,011,333
Profit and loss account
8,511,802
8,524,591
-------------
-------------
Shareholders funds
13,523,135
13,535,924
-------------
-------------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 17 June 2025 , and are signed on behalf of the board by:
Mr Christophoros Demetriades
Fiduci-Corp Directors Limited
Director
Director
Company registration number: 09453120
SAMHAI HOLDING LIMITED
Statement of Changes in Equity
Year ended 31 December 2024
Called up share capital
Profit and loss account
Total
Note
At 1 January 2023
5,011,333
23,539,317
28,550,650
Loss for the year
( 13,995)
( 13,995)
------------
-------------
-------------
Total comprehensive income for the year
( 13,995)
( 13,995)
Dividends paid and payable
( 15,000,731)
( 15,000,731)
------------
-------------
-------------
Total investments by and distributions to owners
( 15,000,731)
( 15,000,731)
At 31 December 2023
5,011,333
8,524,591
13,535,924
Loss for the year
( 12,789)
( 12,789)
------------
-------------
-------------
Total comprehensive income for the year
( 12,789)
( 12,789)
------------
-------------
-------------
At 31 December 2024
5,011,333
8,511,802
13,523,135
------------
-------------
-------------
SAMHAI HOLDING LIMITED
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is St Georges House, 6th Floor, 15 Hanover Square, London, W1S 1HS, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in euro, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Investments
Other loans
Cost
At 1 January 2024
12,781,180
Other movements
1,500
-------------
At 31 December 2024
12,782,680
-------------
Impairment
At 1 January 2024 and 31 December 2024
-------------
Carrying amount
At 31 December 2024
12,782,680
-------------
At 31 December 2023
12,781,180
-------------
5. Debtors
2024
2023
Other debtors - assignment agreement
251,623
251,623
Other debtors
551,319
551,313
---------
---------
802,942
802,936
---------
---------
6. Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,954
4,399
Accruals and deferred income
3,980
3,797
Due to related parties
56,553
39,996
--------
--------
62,487
48,192
--------
--------
7. Related party transactions
Alegral Limited is the sole shareholder.