Company registration number 12119842 (England and Wales)
SAMS PLACE (SAMARITANS OF PORTSMOUTH & EAST HAMPSHIRE) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
SAMS PLACE (SAMARITANS OF PORTSMOUTH & EAST HAMPSHIRE) LIMITED
CONTENTS
Page
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
SAMS PLACE (SAMARITANS OF PORTSMOUTH & EAST HAMPSHIRE) LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SAMS PLACE (SAMARITANS OF PORTSMOUTH & EAST HAMPSHIRE) LIMITED FOR THE YEAR ENDED 31 MARCH 2025
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sams Place (Samaritans of Portsmouth & East Hampshire) Limited for the year ended 31 March 2025 which comprise, the balance sheet 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 at https://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Sams Place (Samaritans of Portsmouth & East Hampshire) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Sams Place (Samaritans of Portsmouth & East Hampshire) Limited and state those matters that we have agreed to state to the Board of Directors of Sams Place (Samaritans of Portsmouth & East Hampshire) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sams Place (Samaritans of Portsmouth & East Hampshire) Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Sams Place (Samaritans of Portsmouth & East Hampshire) 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 loss of Sams Place (Samaritans of Portsmouth & East Hampshire) Limited. You consider that Sams Place (Samaritans of Portsmouth & East Hampshire) 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 Sams Place (Samaritans of Portsmouth & East Hampshire) 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.
Carpenter Box
21 August 2025
Chartered Accountants
53 Kent Road
Southsea
Hampshire
PO5 3HU
SAMS PLACE (SAMARITANS OF PORTSMOUTH & EAST HAMPSHIRE) LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
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2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,801
3,862
Current assets
Debtors
5
7,404
6,625
Cash at bank and in hand
31,590
33,302
38,994
39,927
Creditors: amounts falling due within one year
6
(19,760)
(21,208)
Net current assets
19,234
18,719
Total assets less current liabilities
21,035
22,581
Creditors: amounts falling due after more than one year
7
(25,000)
(25,000)
Net liabilities
(3,965)
(2,419)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(3,967)
(2,421)
Total equity
(3,965)
(2,419)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
SAMS PLACE (SAMARITANS OF PORTSMOUTH & EAST HAMPSHIRE) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
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The financial statements were approved by the board of directors and authorised for issue on 21 August 2025 and are signed on its behalf by:
Helen Davis
Director
Company registration number 12119842 (England and Wales)
SAMS PLACE (SAMARITANS OF PORTSMOUTH & EAST HAMPSHIRE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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1
Accounting policies
Company information
Sams Place (Samaritans of Portsmouth & East Hampshire) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 296 London Road, Hampshire, Portsmouth, PO2 9JN.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
The company is dependent upon the support of its parent charity who has provided the long term loan.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold improvements
20% straight line
Fixtures and fittings
20% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
SAMS PLACE (SAMARITANS OF PORTSMOUTH & EAST HAMPSHIRE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
1.6
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.7
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
1.8
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.9
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
SAMS PLACE (SAMARITANS OF PORTSMOUTH & EAST HAMPSHIRE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
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1.10
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.11
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.12
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
1.13
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was 3 (2024 - 4).
SAMS PLACE (SAMARITANS OF PORTSMOUTH & EAST HAMPSHIRE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
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4
Tangible fixed assets
Leasehold improvements
Fixtures & fittings
Total
£
£
£
Cost
At 1 April 2024 and 31 March 2025
6,959
10,817
17,776
Depreciation and impairment
At 1 April 2024
6,263
7,651
13,914
Depreciation charged in the year
696
1,365
2,061
At 31 March 2025
6,959
9,016
15,975
Carrying amount
At 31 March 2025
1,801
1,801
At 31 March 2024
696
3,166
3,862
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,196
1,383
Other debtors
4,919
4,468
6,115
5,851
2025
2024
Amounts falling due after more than one year:
£
£
Deferred tax asset
1,289
774
Total debtors
7,404
6,625
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
590
316
Amounts owed to group undertakings
12,674
12,186
Taxation and social security
241
631
Other creditors
6,255
8,075
19,760
21,208
Within other creditors is £3,600 relating to a general dilapidation provision.
SAMS PLACE (SAMARITANS OF PORTSMOUTH & EAST HAMPSHIRE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
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7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Loan from parent charity
25,000
25,000
8
Operating lease commitments
Lessee
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2025
2024
£
£
86,667
105,250