REGISTERED NUMBER: 11293200 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD

1 OCTOBER 2024 TO 31 MARCH 2026

FOR

SAMSTER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G S Harike

S S Kandola

G Dhaliwal

REGISTERED OFFICE:

Beckwith Barn

Warren Estate

Lordship Road

Chelmsford

Essex

CM1 3WT

REGISTERED NUMBER:

11293200 (England and Wales)

AUDITORS:

Xeinadin Audit Limited

Beckwith Barn

Warren Estate

Lordship Road

Writtle

Essex

CM1 3WT

CURRENT ASSETS

Stocks

5

56,793

53,149

Debtors

6

400,662

160,034

Cash at bank and in hand

7

662,048

559,494

1,119,503

772,677

CREDITORS

Amounts falling due within one year

8

4,099,210

3,980,967

NET CURRENT LIABILITIES

(2,979,707

)

(3,208,290

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,979,707

)

(3,208,290

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

(2,979,807

)

(3,208,390

)

SHAREHOLDERS' FUNDS

(2,979,707

)

(3,208,290

)

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 July 2026 and were signed on its behalf by:

S S Kandola - Director

1.	STATUTORY INFORMATION

Samster 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.

The presentation currency of the financial statements is the Pound sterling (£), which is the functional currency of the company.

Amounts in these financial statements are rounded to the nearest Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared for the 18 month period ended 31 March 2026. The company's financial year has been amended to align to the financial reporting date of related parties. Accordingly, the comparative figures are not comparable.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

These financial statements contain information about Samster Limited as an individual Company.

Summary of significant accounting policies

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.

Going concern

The directors have considered the cashflow requirements of the company for a period of at least twelve months from the date of approval of these financial statements and are satisfied that sufficient financial resources will continue to be made available and that the company will be able to meet its debts and fund its growth as they fall due.

The directors have considered the following as part of this significant judgement:

- The company is profitable and the company's financial forecasts do not highlight any requirement for additional capital.

- The directors have obtained confirmation from Za Za Bazaar that the related party debt will not be called for payment for a period of at least 12 months from the issuance of these financial statements.

- The royalties charged to Samster Limited under the Service Agreement with Za Za Bazaar have recently reduced which will improve profitability.

Accordingly, these financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the company.

Significant judgements and estimates

In applying the company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying value of assets and liabilities. The directors' judgement, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made and are based on historical experience and other factors that are considered to be applicable. Due to the inherent sensitivity involved in making judgements, estimate and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Any revisions to accounting estimates are recognised prospectively.

The directors review undertaken has highlighted no significant judgements or estimates that would not be considered normal for a similar entity. With exception for the use of the going concern policy documented above, the directors have no further disclosure.

Turnover

Stocks

Financial instruments

The company enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments such as loans, accounts receivable and payable are initially measured at present value and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to paid or received.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Impairment review

A financial asset not carried at fair value through profit or loss is assessed at each reporting date to determine whether there is objective evidence that it is impaired. A financial asset is impaired if objective evidence indicates that a loss event has occurred after the initial recognition of the asset, and that the loss event had a negative effect on the estimated future cash flows of that asset that can be estimated reliably.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2024 - NIL).

5.

STOCKS

2026

2024

£

£

Stocks

56,793

53,149

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2024

£

£

Other debtors

105,520

61,433

Accrued income

5,500

8,644

Prepayments

289,642

89,957

400,662

160,034

7.	CASH AT BANK AND IN HAND

2026

2024

£

£

Bank account

662,048

554,493

Cash in hand

-

5,001

662,048

559,494

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2024

£

£

Trade creditors

406,766

434,312

Amounts owed to related parties

3,202,541

3,288,638

VAT

158,526

138,435

Other creditors

47,006

17,814

Accrued expenses

284,371

101,768

4,099,210

3,980,967

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2024

value:

£

£

100

Ordinary

£1

100

100

Each share is entitled to one vote in any circumstance. Each share has equal rights to dividends and each share is entitled to participate in a distribution arising from a wind up of the company.

10.

RESERVES

Retained

earnings

£

At 1 October 2024

(3,208,390

)

Profit for the period

228,583

At 31 March 2026

(2,979,807

)

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' Report was unqualified.

Timothy Harbour Bsc FCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

12.	RELATED PARTY DISCLOSURES

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G S Harike.