| Sampson Consultants Limited |
| Registered number: |
13639604 |
| Balance Sheet |
| as at 28 September 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
1,206,361 |
|
|
631,361 |
|
| Current assets |
| Cash at bank and in hand |
|
|
4,095 |
|
|
4,095 |
|
| Creditors: amounts falling due within one year |
4 |
|
(1,227,540) |
|
|
(652,540) |
|
| Net current liabilities |
|
|
|
(1,223,445) |
|
|
(648,445) |
|
| Net liabilities |
|
|
|
(17,084) |
|
|
(17,084) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
(100) |
|
|
(100) |
| Profit and loss account |
|
|
|
(16,984) |
|
|
(16,984) |
|
| Shareholder's funds |
|
|
|
(17,084) |
|
|
(17,084) |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Ryan James Morris |
| Director |
| Approved by the board on 29 September 2025 |
|
| Sampson Consultants Limited |
| Notes to the Accounts |
| for the year ended 28 September 2024 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Freehold buildings |
|
|
Investment property |
|
The company’s principal asset is a freehold residential property in Stanmore acquired during the period for £575,000. The property is stated at cost (inclusive of directly attributable purchase costs). No depreciation is charged on the property, as the directors believe that the property’s residual value is at least equal to its carrying amount. The carrying value of the property is reviewed for impairment annually, and no impairment loss was identified. (This accounting policy results in a departure from the typical requirement to depreciate buildings, but is considered appropriate because any depreciation charge would be immaterial due to the high residual value of the property.) |
|
|
Creditors |
|
This consists of a director’s loan of £575,000, which was provided by the sole director to finance the property purchase. The loan is unsecured, interest-free, and repayable only upon the sale of the property. Accordingly, the full amount is shown as due after more than one year, since no repayment is expected within the next 12 months. The director has confirmed that he will not demand repayment until the property is sold. (This loan is a related party transaction, as it was provided by the director. There were no interest charges on this loan during the period.) |
|
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 29 September 2023 |
631,361 |
|
Additions |
575,000 |
|
At 28 September 2024 |
1,206,361 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 28 September 2024 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 28 September 2024 |
1,206,361 |
|
At 28 September 2023 |
631,361 |
|
During the period, the company purchased a freehold property to hold as an investment. The cost of the property at acquisition was £575,000, and total additions in the period (including stamp duty and legal fees capitalised) amounted to £575,000 (there were no other fixed assets). No depreciation has been provided on this property (see Accounting Policies note above). As at 28 September 2024, the net book value of the investment property was £575,000. There have been no revaluations or impairment adjustments to this asset since purchase. |
|
|
| 4 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Other creditors |
1,227,540 |
|
652,540 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Directors’ Advances, Credits and Guarantees |
|
|
Aside from the director’s loan described in above notes, there were no other advances or credits granted to, or guarantees provided on behalf of, the director during the period. |
|
|
| 6 |
Controlling party |
|
|
The company is controlled by Ryan James Morris by virtue of him owning 100% shares. |
|
|
| 7 |
Other information |
|
|
Sampson Consultants Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
1 Arkley Lane |
|
Barnet |
|
England |
|
EN5 3JR |