Samsoe & Samsoe UK Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11099074 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Samsoe & Samsoe UK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P S Rasmussen

REGISTERED OFFICE:

91 Brick Lane

Z2-001 Truman Brewery

London

E1 6QL

REGISTERED NUMBER:

11099074 (England and Wales)

AUDITORS:

Try Lunn & Co

Chartered Accountants

and Statutory Auditors

Roland House

Princes Dock Street

HULL HU1 2LD

FIXED ASSETS

Tangible assets

4

-

5,259

Investments

5

2

5,261

CURRENT ASSETS

Stocks

11,830

13,301

Debtors

6

189,428

245,109

Cash at bank

182,266

57,396

383,524

315,806

CREDITORS

Amounts falling due within one year

7

200,612

231,494

NET CURRENT ASSETS

182,912

84,312

TOTAL ASSETS LESS CURRENT
LIABILITIES

182,914

89,573

CAPITAL AND RESERVES

Called up share capital

8

1

Retained earnings

9

182,913

89,572

SHAREHOLDERS' FUNDS

182,914

89,573

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 August 2025 and were signed by:

P S Rasmussen - Director

1.	STATUTORY INFORMATION

Samsoe & Samsoe UK 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 company is reliant on the operational support of Samsoe & Samsoe Holdings AS. The directors have obtained confirmation from Samsoe & Samsoe Holdings A/S that they will continue to support the company through its existing facilities for the foreseeable future. On this basis the financial statements have been prepared on the going concern basis.

Preparation of consolidated financial statements

The financial statements contain information about Samsoe & Samsoe UK Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover comprises revenue recognised by the company in respect of goods supplied during the year, exclusive of Value Added Tax and trade discounts. Turnover is recognised on transfer of the goods in accordance with the company's terms of sale.

Tangible fixed assets

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

Land and buildings

-

in accordance with the lease terms

Plant and machinery etc

-

33% on cost and 25% on cost

Stocks

Stock comprises of wholesale samples which are impaired by 50%, being the net realisable value. When the samples are no longer required they will be sold at a significant discount.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

and

Computer

improvements

fittings

equipment

Totals

£

COST

At 1 January 2024

15,592

26,904

324

42,820

Disposals

-

(5,146

)

-

(5,146

)

At 31 December 2024

15,592

21,758

324

37,674

DEPRECIATION

At 1 January 2024

15,592

21,645

324

37,561

Charge for year

-

113

-

113

At 31 December 2024

15,592

21,758

324

37,674

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5,259

-

5,259

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

2

NET BOOK VALUE

At 31 December 2024

2

At 31 December 2023

2

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Samsoe & Samsoe Beak Street Limited

Registered office: 47 Beak Street, London, W1F 9SE

Nature of business:

%

Class of shares:

holding

Ordinary shares

100.00

Samsoe & Samsoe Commercial Street London Limited

Registered office: No.1 London Bridge,London,SE1 9BG

Nature of business:

%

Class of shares:

holding

Ordinary shares

100.00

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

153,908

203,616

Other debtors

35,520

41,493

189,428

245,109

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

55,076

5,519

Amounts owed to group undertakings

86,109

95,513

Taxation and social security

54,346

71,187

Other creditors

5,081

59,275

200,612

231,494

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

1

Ordinary share capital

£1

1

9.

RESERVES

Retained

earnings

£

At 1 January 2024

89,572

Profit for the year

93,341

At 31 December 2024

182,913

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Simon Moss FCCA (Senior Statutory Auditor)

for and on behalf of Try Lunn & Co

11.	RELATED PARTY DISCLOSURES

At 31 December 2024 £86,109 (2023 - £95,513) was owed to the parent company Samsoe & Samsoe Holdings A/S. Interest is being accrued and amounted to £3,016 (2023 - £2,157) during the year. The interest is being calculated at a market rate of interest.

During the year the company purchased goods & services amounting to £625,073 (2023 - £760,057) and paid management charges and royalty payments of £484,365 (2023 - £560,362) to Samsoe & Samsoe Wholesale ApS, a company also under the control of Samsoe & Samsoe Holdings A/S. These transactions were at arms length. There was no amount outstanding at either year end.

During the year the company sold goods amounting to £327,937 (2023 - £283,122) to Samsoe & Samsoe Beak Street Limited, a 100% subsidiary. There was no amount outstanding at either year end.

12.	ULTIMATE CONTROLLING PARTY

The parent company is Samsoe & Samsoe Holdings A/S, a company registered in Denmark.

The ultimate parent company is P & P Holdings A/S, consolidated accounts are available from Ryesgade 19C, 2200 Kobenhav N.

The company is ultimately controlled by Mr P Rasmussen.