Sam Properties (Withington) Ltd

Registered number

05968354

Filleted Accounts

31 March 2025

Sam Properties (Withington) Ltd
Registered number:		05968354
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		75,150			79,976

Current assets
Stocks		27,762			61,120
Debtors	4	31,294			130,667
Cash at bank and in hand		232,547			232,613
		291,603			424,400

Creditors: amounts falling due within one year	5	(189,250)			(313,588)

Net current assets			102,353			110,812

Total assets less current liabilities			177,503			190,788

Creditors: amounts falling due after more than one year	6		(1,667)			(11,667)



Net assets			175,836			179,121

Capital and reserves
Called up share capital			10			10
Profit and loss account			175,826			179,111

Shareholders' funds			175,836			179,121

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.




Peter Ka Leung Yim
Director
Approved by the board on 26 November 2025

Sam Properties (Withington) Ltd
Notes to the Accounts
for the year ended 31 March 2025


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).

	Turnover
	Revenue is recognised at the fair value of rental income receivable provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of future receipts. The difference between the fair value of the consideration and the nominal amount recieved is recognised as interest income.

	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:

	Leasehold land and buildings			20% Reducing balance method
	Motor vehicles			25% Reducing balance method
	Plant and machinery			20% Reducing balance method

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					13		13

3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	55,468		51,626		89,346		196,440
	Additions	-		754		24,143		24,897
	Disposals	-		(5,521)		(11,178)		(16,699)
	At 31 March 2025	55,468		46,859		102,311		204,638

	Depreciation
	At 1 April 2024	49,420		32,775		34,270		116,465
	Charge for the year	1,210		2,686		16,725		20,621
	On disposals	-		-		(7,597)		(7,597)
	At 31 March 2025	50,630		35,461		43,398		129,489

	Net book value
	At 31 March 2025	4,838		11,398		58,913		75,150
	At 31 March 2024	6,048		18,851		55,076		79,976


4	Debtors					2025		2024
£							£

	Other debtors					31,294		130,667


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					10,000		10,000
	Trade creditors					1,710		11,039
	Taxation and social security costs					20,774		21,164
	Other creditors					156,766		271,385
						189,250		313,588


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					1,667		11,667

7	Other information

	Sam Properties (Withington) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	433 Wilmslow Road
	Withington
	Manchester
	M20 4AF