Registration number: 05778079

The Sampler (UK) Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

The Sampler (UK) Ltd

Company Information

Directors

C Barry D Mannis M Tomekovic

Registered office

266 Upper Street Upper Street London N1 2UQ

Accountants

Sterlings Ltd Chartered AccountantsLawford House Albert Place London N3 1QA

The Sampler (UK) Ltd

(Registration number: 05778079)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	6,287	471
Current assets
Stocks	5	114,402	150,974
Debtors	6	3,532	14,462
Cash at bank and in hand		7,330	10,505
		125,264	175,941
Creditors: Amounts falling due within one year	7	(269,809)	(327,651)
Net current liabilities		(144,545)	(151,710)
Total assets less current liabilities		(138,258)	(151,239)
Creditors: Amounts falling due after more than one year	7	(5,867)	(15,964)
Net liabilities		(144,125)	(167,203)
Capital and reserves
Called up share capital	8	164	164
Share premium reserve		624,936	624,936
Profit and loss account		(769,225)	(792,303)
Shareholders' deficit		(144,125)	(167,203)

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

The Sampler (UK) Ltd

(Registration number: 05778079)
Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 18 December 2025 and signed on its behalf by:
 

......................................... M Tomekovic Director

The Sampler (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
266 Upper Street
Upper Street
London
N1 2UQ

These financial statements were authorised for issue by the Board on 18 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The balance sheet shows a deficit of £144,125 as at 31 March 2025. However, the company's directors are satisfied that these financial statements have been properly prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

The Sampler (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Asset class	Depreciation method and rate
Short leasehold	20% on cost
Plant and machinery	20% on cost
Furniture, fittings and equipment	20% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

The Sampler (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Financial instruments

Classification
The company only enters into basic financial instruments that result in the recognition of financial assets or liabilities like trade debtors, other debtors, trade creditors and other creditors, loans from banks or other third parties and loans to/from related parties.

 Recognition and measurement
Debt instruments that constitute a financing transaction are initially measured at fair value of future payments and subsequently at amortised cost using the effective interest method. Debt instruments which are payable or receivable within one year such as trade debtors or trade creditors are measured, initially and subsequently at the undiscounted amount of the cash or other consideration expected to be paid or received.

 Impairment
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit & loss account.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2024 - 7).

The Sampler (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2024	116,994	550,106	667,100
Additions	4,437	3,009	7,446
At 31 March 2025	121,431	553,115	674,546
Depreciation
At 1 April 2024	116,994	549,635	666,629
Charge for the year	888	742	1,630
At 31 March 2025	117,882	550,377	668,259
Carrying amount
At 31 March 2025	3,549	2,738	6,287
At 31 March 2024	-	471	471

5

Stocks

	2025 £	2024 £
Closing stock	114,402	150,974

6

Debtors

Current	2025 £	2024 £
Trade debtors	1,328	12,339
Prepayments	1,307	1,226
Other debtors	897	897
	3,532	14,462

The Sampler (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	10,648	25,136
Trade creditors		86,145	113,144
Taxation and social security		57,726	15,942
Accruals and deferred income		3,150	3,265
Other creditors		112,140	170,164
		269,809	327,651

Secured debts

The following secured debts are included within creditors:

 

	2024  £	2024  £
Other creditors	90,000	150,000

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	5,867	15,964

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £0.01 each	10,000	100	10,000	100
A Ordinary shares of £0.01 each	6,377	64	6,377	64
	16,377	164	16,377	164

The Sampler (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank loans	10,648	10,648
Bank overdrafts	-	14,488
	10,648	25,136

Non-current loans and borrowings

	2025 £	2024 £
Bank loans	5,867	15,964

10	Related party transactions

As at the balance sheet date, Mr K T Prothero, a former director of the company, was owed the sum of £90,000 (2024 - £150,000).

The above loan provided to the company is unsecured, interest free and repayable on demand.