Company registration number 02029342 (England and Wales)
SAMONBOURNE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
PAGES FOR FILING WITH REGISTRAR
SAMONBOURNE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
SAMONBOURNE LIMITED
BALANCE SHEET
AS AT
31 JULY 2025
31 July 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
4
11,161
12,398
Cash at bank and in hand
13,273
13,298
24,434
25,696
Creditors: amounts falling due within one year
5
(4,379)
(3,980)
Net current assets
20,055
21,716
Provisions for liabilities
6
19,876
19,876
Net assets
39,931
41,592
Reserves
Members' deposits
3,000
3,000
Income and expenditure account
36,931
38,592
Members' funds
39,931
41,592

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

For the financial year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 4 December 2025 and are signed on its behalf by:
Miss P Hawkey
Director
Company Registration No. 02029342
SAMONBOURNE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
- 2 -
1
Accounting policies
Company information

Samonbourne Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is C/O Tant Building Management Ltd, Highstone House, 165 High Street, Barnet, EN5 5SU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Income and expenditure

The turnover shown in the income and expenditure account represents service charges and sundry fees rendered during the year.

1.3
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

SAMONBOURNE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.5
Taxation

The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows:

Provisions

Each year the directors assess the requirement to set aside monies for periodic redecoration and repairs under the terms of the leases. Any charge in the income and expenditure account is also reflected in the provision for liabilities, representing the long term maintenance account,

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
5
SAMONBOURNE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 4 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Service charges due
5,288
6,700
Other debtors
5,873
5,698
11,161
12,398
5
Creditors: amounts falling due within one year
2025
2024
£
£
Service charges paid in advance
1,984
1,690
Accruals and deferred income
2,395
2,290
4,379
3,980
6
Provisions for liabilities
2025
2024
£
£
(21,876)
(21,876)
Long term maintenance provision
2,000
2,000
(19,876)
(19,876)
Movements on provisions:
Total
£
£
£
At 1 August 2024 and 31 July 2025
(21,876)
2,000
(19,876)

Going forwards, the provision will be used together with retained reserves towards the replacement of the entrance doors which is expected to be in the region of £24,000

7
Members' liability

The company is limited by guarantee with 30 members, each of whom is a lessee and liable to contribute a sum not exceeding £1 in the event of the company being wound up. However, under the terms of the lease each lessee, including the directors, is responsible for a one thirtieth share of all costs, charges and expenses incurred or to be incurred by the company. There is no overall controlling party.

It is a condition of the lease that each lessee, who is also a member of the company, deposits £100 with the company for the length of their lease.

No tax liability arises in view of the mutual trading position of the company.

SAMONBOURNE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 5 -
8
Directors' transactions

The directors receive an allowance by way of a deduction from their service charge to meet out-of-pocket expenses. In the year ended 31 July 2025 this amounted to £1 5 0 (2024 - £170).

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