ACCOUNTS - Final Accounts preparation

Registered number: 03629994

SAMUELSON RIGHTS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

SAMUELSON RIGHTS LIMITED

REGISTERED NUMBER: 03629994

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	-		677
Cash at bank and in hand	5	4		18
		4		695
Creditors: amounts falling due within one year	6	(2,673)		(3,086)
Net current liabilities			(2,669)		(2,391)
Total assets less current liabilities			(2,669)		(2,391)

Net liabilities			(2,669)		(2,391)

Capital and reserves
Called up share capital	2	2
Profit and loss account	(2,671)	(2,393)
	(2,669)	(2,391)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

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 on 6 January 2026.

M Samuelson

Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

SAMUELSON RIGHTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Samuelson Rights Limited is a private company limited by shares and registered in England & Wales. The address of its registered office is 325-327 Oldfield Lane North, Greenford, Middlesex, UB6 0FX.

2.Accounting policies

2.1

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:

2.2

Going concern

At the reporting date the company had net liabilities of £2,669 (2024: £2,391) and is dependent on the support of its directors who have confirmed their intention to support the company. As a result the directors believe it is appropriate to prepare the accounts on the going concern basis. The financial statements do not include adjustments that would result from the withdrawal of this financial support.

2.3

Revenue

Revenue comprises distribution revenue receivable and is recognised in the Statement of Income and Retained Earnings in the period it is contractually due.

2.4

Debtors

Short term debtors are measured at the transaction price, less any impairment.

2.5

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.

2.6

Creditors

Short term creditors are measured at the transaction price, less any impairment.

2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from other third parties and loans to related parties.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

Page 2

SAMUELSON RIGHTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Trade debtors	-	677
	-	677

5.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	4	18
	4	18

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

Other taxation and social security	-	113
Other creditors	173	1,473
Accruals and deferred income	2,500	1,500
	2,673	3,086

7.	Controlling party

Throughout the year, the company was under the control of the directors by virtue of their shareholding.

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