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REGISTERED NUMBER: 08491971 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2025 |

| FOR |

| SAMGEM ASSOCIATES LIMITED |

SAMGEM ASSOCIATES LIMITED (REGISTERED NUMBER: 08491971) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| SAMGEM ASSOCIATES LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTOR: | G P Martin

| REGISTERED OFFICE: | 19-21 Middle Row

| Stevenage

| Hertfordshire

| SG1 3AW

| REGISTERED NUMBER: | 08491971 (England and Wales)

| ACCOUNTANTS: | Barker Wilkinson Limited

| 19-21 Middle Row

| Stevenage

| Hertfordshire

| SG1 3AW

SAMGEM ASSOCIATES LIMITED (REGISTERED NUMBER: 08491971) |

BALANCE SHEET

31 MARCH 2025

| 2025 |  | 2024

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 6 | 1,135 |  | 1,037 |  |

Cash at bank | 67,535 |  | 71,218 |  |

68,670 |  | 72,255 |  |

CREDITORS

Amounts falling due within one year | 7 | 7,889 |  | 7,175 |  |

NET CURRENT ASSETS | 60,781 |  | 65,080 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 60,781 |  | 65,080 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 60,681 |  | 64,980 |  |

SHAREHOLDERS' FUNDS | 60,781 |  | 65,080 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 August 2025 and were signed by:

G P Martin - Director

SAMGEM ASSOCIATES LIMITED (REGISTERED NUMBER: 08491971) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Samgem Associates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| The director has assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The director has not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date. Therefore the financial statements for the year ended 31st March 2024 have been prepared using the going concern basis of accounting.

| Turnover

| Turnover represents commissions received for the sale of financial products.

| Initial revenue is recognised at the inception of the policy to which it relates.

| Trail and renewal revenue are recognised as the consideration arises.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of three years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Computer equipment | - | 25% on cost

| Financial instruments

| The director considers all financial instruments to be basic financial instruments in accordance with 11 of section 11 FRS102. All basic financial instruments including trade and other debtors, cash and cash equivalents, and trade and other creditors, are initially recognised at transaction price and thereafter stated at amortised cost.

| Taxation

| Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current taxation 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

SAMGEM ASSOCIATES LIMITED (REGISTERED NUMBER: 08491971) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 30,000 |  |

| AMORTISATION

| At 1 April 2024

| and 31 March 2025 | 30,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  |

| At 31 March 2024 | - |  |

5. | TANGIBLE FIXED ASSETS

| Computer

| equipment

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 724 |  |

| DEPRECIATION

| At 1 April 2024

| and 31 March 2025 | 724 |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  |

| At 31 March 2024 | - |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Prepayments | 1,135 |  | 1,037 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Corporation tax | 6,029 |  | 5,535 |  |

| Social security and other taxes | 110 |  | 140 |  |

| Accrued expenses | 1,750 |  | 1,500 |  |

7,889 |  | 7,175 |  |