ACCOUNTS - Final Accounts

Company registration number: 11509372

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	SAMADIN LIMITED


SAMADIN LIMITED REGISTERED NUMBER:11509372

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Intangible assets	5		5,796		10,110
Tangible assets	6		2,812,979		3,077,185
			2,818,775		3,087,295
Current assets
Stocks		64,616		69,062
Debtors: amounts due after more than one year	7	266,700		264,000
Debtors: amounts due within one year	7	108,803		231,460
Cash at bank and in hand		27,060		78,911
		467,179		643,433
Creditors: amounts due within one year	8	(5,582,033)		(5,530,842)
Net current liabilities			(5,114,854)		(4,887,409)
Total assets less current liabilities			(2,296,079)		(1,800,114)
Provisions for liabilities
Other provisions	9	(124,788)		(118,563)
			(124,788)		(118,563)
Net liabilities			(2,420,867)		(1,918,677)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(2,420,967)	(1,918,777)
	(2,420,867)	(1,918,677)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Kiran Bhojwani

Director

Date: 27 November 2025

The notes on pages 2 to 7 form part of these financial statements.

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SAMADIN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Samadin 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.	Reporting period

The prior period of accounts covers the eleven month period from 1 May 2023 to 31 March 2024. As such, the current period of 12 months and the prior period of 11 months are not directly comparable.

3.Accounting policies

3.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

3.2

Going concern

The financial statements have been prepared on a going concern basis on the assumption that the company will continue to trade in the foreseeable future. The Company Directors having made appropriate enquiries consider that adequate resources exist for the company to continue in operational existence for the foreseeable future. The company has received confirmation from its parent of continued support to meet its liabilities as they fall due and has received similar confirmation from its ultimate parent company. Therefore, the directors are of the opinion that it is appropriate to adopt the going concern basis in preparing the financial statements.

3.3

Revenue

Turnover represents net invoiced food and drink sales from the restaurant MiMi Mei Fair. Turnover is recognised once the food and drink has been delivered to the customers and a sales transaction with the customer has been recognised using an EPOS system.

3.4

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

3.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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SAMADIN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

3.Accounting policies (continued)

3.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

3.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

3.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property	-	over the lease term
Plant and machinery	-	8 years straight line
Fixtures and fittings	-	8 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

3.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

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SAMADIN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

3.Accounting policies (continued)

3.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

3.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

Employees

The average monthly number of employees, including directors, during the year was 40 (2024 -46).

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SAMADIN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

5.	Intangible assets

		Trademarks
		£
	Cost
	At 1 April 2024	21,568
	At 31 March 2025	21,568
	Amortisation
	At 1 April 2024	11,458
	Charge for the year	4,314
	At 31 March 2025	15,772
	Net book value
	At 31 March 2025	5,796
	At 31 March 2024	10,110

6.	Tangible fixed assets

	Short-term leasehold property	Plant and machinery	Fixtures and fittings	Total
	£	£	£	£
Cost or valuation
At 1 April 2024	2,998,526	421,081	479,940	3,899,547
Additions	-	3,979	-	3,979
At 31 March 2025	2,998,526	425,060	479,940	3,903,526
Depreciation
At 1 April 2024	490,515	159,139	172,708	822,362
Charge for the year	149,389	58,803	59,993	268,185
At 31 March 2025	639,904	217,942	232,701	1,090,547
Net book value
At 31 March 2025	2,358,622	207,118	247,239	2,812,979
At 31 March 2024	2,508,011	261,942	307,232	3,077,185

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SAMADIN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

7.	Debtors
		2025	2024
		£	£

Due after more than one year
Other debtors	266,700	264,000
	266,700	264,000

					2025	2024
					£	£

Due within one year
Trade debtors	-	7,480
Amounts owed by group undertakings	29,361	126,532
Amounts owed by joint ventures and associated undertakings	1,571	-
Other debtors	5,672	15,307
Prepayments and accrued income	72,199	82,141
	108,803	231,460

8.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	230,604	228,153
Amounts owed to group undertakings	5,140,854	5,037,017
Other taxation and social security	134,694	73,952
Other creditors	33,660	149,359
Accruals and deferred income	42,221	42,361
	5,582,033	5,530,842

9.	Provisions

		Dilapidations provision
		£

	At 1 April 2024	118,563
	Unwind of discount	6,225
	At 31 March 2025	124,788

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SAMADIN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

10.	Controlling party

The ultimate controlling party of the company is LSL Holdings Pvt Ltd, a company incorporated in India. The financial statements are consolidated in the financial statements of LSL Holdings Pvt Ltd, and is available from 703 Leela Business Park, Andheri - Kurla Road, Andheri (East), Mumbai - 400059, India.

11.	Auditor's information

The auditor's report on the financial statements for the year ended 31 March 2025 was qualified.

The basis for qualification in the audit report was as follows:
We were not appointed as auditor of the company until after 30 April 2023 and thus did not observe the counting of physical inventories at the end of that year. We were unable to satisfy ourselves by alternative means concerning the inventory quantities of £97,941 held at 30 April 2023 by using other audit procedures. Consequently we were unable to determine whether any adjustment to this amount at 30 April 2023 was necessary or whether there was any consequential effect on the cost of sales for the period ended 31 March 2024.

The audit report was signed on 27 November 2025 by Andrew Wooding FCA (Senior statutory auditor) on behalf of Menzies LLP.

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