REGISTERED NUMBER: 11859425 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Samsoe & Samsoe Beak Street Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P S Rasmussen

REGISTERED OFFICE:

47 Beak Street

London

W1F 9SE

REGISTERED NUMBER:

11859425 (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

22,813

46,257

CURRENT ASSETS

Stocks

186,669

123,246

Debtors

5

179,734

106,915

Cash at bank and in hand

69,388

76,678

435,791

306,839

CREDITORS

Amounts falling due within one year

6

1,176,821

909,367

NET CURRENT LIABILITIES

(741,030

)

(602,528

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(718,217

)

(556,271

)

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

9

(718,218

)

(556,272

)

SHAREHOLDERS' FUNDS

(718,217

)

(556,271

)

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 Beak Street 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.

Given the support of the ultimate parent company Samsoe & Samsoe Holdings A/S the directors have prepared the financial statements on the going concern basis. 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 and for at least the next 12 months.

Turnover

Turnover is measured at fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from the sale of goods is recognised when goods are delivered and the legal title has passed.

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

-

20% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct purchase costs less any discounts received are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and losses of stocks are recognised as an expense in the period in which the write-down or loss occurs.

Taxation

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

Current or deferred taxation assets and 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

48,013

193,248

241,261

Additions

-

746

746

At 31 December 2024

48,013

193,994

242,007

DEPRECIATION

At 1 January 2024

22,406

172,598

195,004

Charge for year

4,801

19,389

24,190

At 31 December 2024

27,207

191,987

219,194

NET BOOK VALUE

At 31 December 2024

20,806

2,007

22,813

At 31 December 2023

25,607

20,650

46,257

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

7,294

14,422

Other debtors

172,440

92,493

179,734

106,915

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

7,735

12,831

Amounts owed to group undertakings

1,053,556

838,095

Taxation and social security

10,038

1,983

Other creditors

105,492

56,458

1,176,821

909,367

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

200,000

170,000

Between one and five years

650,000

680,000

In more than five years

-

42,500

850,000

892,500

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

£1

1

1

9.

RESERVES

Retained

earnings

£

At 1 January 2024

(556,272

)

Deficit for the year

(161,946

)

At 31 December 2024

(718,218

)

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

During the year £215,461 (2023 - £159,605) was loaned to the company by Samsoe & Samsoe Holdings A/S, a group company registered in Denmark.

During the year interest of £35,219 (2023 - £16,669) has been accrued in respect of the above loan. This is calculated at a market rate of interest.

At 31 December 2024 £1,053,556 (2023 - £838,095) was owed to Samsoe & Samsoe Holdings A/S.

During the year the company purchased goods amounting to £327,936 (2023 - £283,122) from Samsoe & Samsoe UK Limited, its immediate parent company. At 31 December 2024 and 31 December 2023, there was no balance outstanding.

12.	ULTIMATE CONTROLLING PARTY

The immediate parent company is Samsoe & Samsoe UK Limited as they own 100% of the issued share capital.

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.