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REGISTERED NUMBER: 14208291 (England and Wales)




















FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2024

FOR

SAMMY REAL ESTATE INVESTMENTS LTD
SAMMY REAL ESTATE INVESTMENTS LTD (REGISTERED NUMBER: 14208291)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SAMMY REAL ESTATE INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: P Pels





REGISTERED OFFICE: First Floor Winston House
349 Regents Park Road
London
N3 1DH





REGISTERED NUMBER: 14208291 (England and Wales)





AUDITORS: Melinek Fine LLP
Chartered Accountants
Statutory Auditors
First Floor, Winston House
349 Regents Park Road
London
N3 1DH
Page 1
SAMMY REAL ESTATE INVESTMENTS LTD (REGISTERED NUMBER: 14208291)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 18,650,166 14,652,953
Investment property 5 33,257,926 28,804,270
51,908,092 43,457,223

CURRENT ASSETS
Debtors 6 4,731,044 5,549,884
Cash at bank 66,486 1,960,022
4,797,530 7,509,906
CREDITORS
Amounts falling due within one year 7 49,981,210 50,564,911
NET CURRENT LIABILITIES (45,183,680 ) (43,055,005 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
6,724,412
402,218

CREDITORS
Amounts falling due after more than one
year
8
5,000,000
-
NET ASSETS 1,724,412 402,218

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account 1,724,312 402,118
1,724,412 402,218

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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 October 2025 and were signed by:





P Pels - Director


The notes form part of these financial statements

Page 2
SAMMY REAL ESTATE INVESTMENTS LTD (REGISTERED NUMBER: 14208291)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Sammy Real Estate Investments Ltd 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 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 £.

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

Investments in associates
Investments in associate undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual
provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost unless they are classified as receivable within one year in which case they are measured at the undiscounted amount of the cash or other consideration expected to be received net of impairment.

Financial liabilities that are classified as payable within one year are subsequently measured at the undiscounted amount of the cash or other consideration expected to be paid.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an
enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset or settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.


Page 3 continued...
SAMMY REAL ESTATE INVESTMENTS LTD (REGISTERED NUMBER: 14208291)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued
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.

Investment in joint venture syndicates
The company has investment in a number of incorporated and unincorporated property joint venture syndicates. The investments are shown at cost.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Interest
in Other
associate investments Totals
£    £    £   
COST
At 1 January 2024 16,500 14,636,453 14,652,953
Additions - 3,997,213 3,997,213
At 31 December 2024 16,500 18,633,666 18,650,166
NET BOOK VALUE
At 31 December 2024 16,500 18,633,666 18,650,166
At 31 December 2023 16,500 14,636,453 14,652,953

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 28,804,270
Additions 4,453,656
At 31 December 2024 33,257,926
NET BOOK VALUE
At 31 December 2024 33,257,926
At 31 December 2023 28,804,270

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Amounts owed by participating interests - 4,775,538
Other debtors 105,337 774,346
105,337 5,549,884

Page 4 continued...
SAMMY REAL ESTATE INVESTMENTS LTD (REGISTERED NUMBER: 14208291)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


6. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Amounts owed by participating interests 4,625,707 -

Aggregate amounts 4,731,044 5,549,884

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 26,296 8,146
Amounts owed to group undertakings 47,783,683 45,069,766
Other creditors 2,171,231 5,486,999
49,981,210 50,564,911

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 5,000,000 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 5,000,000 -

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

The Report of the Auditors was unqualified.

Aryeh Melinek (Senior Statutory Auditor)
for and on behalf of Melinek Fine LLP

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Page 5