| |
|
2026 |
|
2025 |
| |
|
£ |
£ |
|
£ |
£ |
| Fixed assets |
|
|
94,041 |
|
|
94,162 |
| Current assets |
|
13,846 |
|
|
10,816 |
|
| Creditors: amount falling due within one year |
|
(44,360) |
|
|
(43,946) |
|
|
Net current assets
|
|
|
(30,514)
|
|
|
(33,130)
|
|
Total assets less current liabilities
|
|
|
63,527 |
|
|
61,032 |
| Creditors: amount falling due after more than one year |
|
|
(67,475) |
|
|
(67,475) |
|
Net assets
|
|
|
(3,948) |
|
|
(6,443) |
| |
|
|
|
|
|
|
|
Capital and reserves
|
|
|
(3,948) |
|
|
(6,443) |
| |
NOTES TO THE ACCOUNTS
General Information
SAMUELINK LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13132378, registration address 87 HEATHLAND WAY, GRAYS ESSEX, RM16 2DF.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Rental Income is recognised on an accrual basis. Rents receivable from tenants represents rents and service charges receivable in the period.
Where a rent-free period is included in a lease, the rental income foregone is allocated evenly over the period of lease commencement to the earliest termination date.
Rental income from fixed and minimum guaranteed rent reviews is recognised on a straight-line basis over the shorter of the entire lease term or the period to the first break option. Where such rental income is recognised ahead of the related cash flows, an adjustment is made to ensure the carrying value of the related property including the accrued rent does not exceed the external valuation. Initial direct costs incurred in negotiating and arranging a new lease are amortised on a straight-line basis over the period from the date of lease commencement to the earliest termination date.
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Computer Equipment |
25 Straight Line
|
Investment properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
|
| 2. |
Tangible fixed assets
| Cost or valuation |
Computer Equipment |
|
Investment properties |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 February 2025 |
494 |
|
- |
|
494 |
| Additions |
- |
|
94,040 |
|
94,040 |
| Disposals |
- |
|
- |
|
- |
| At 31 January 2026 |
494 |
|
94,040 |
|
94,534 |
| Depreciation |
| At 01 February 2025 |
372 |
|
- |
|
372 |
| Charge for year |
121 |
|
- |
|
121 |
| On disposals |
- |
|
- |
|
- |
| At 31 January 2026 |
493 |
|
- |
|
493 |
| Net book values |
| Closing balance as at 31 January 2026 |
1 |
|
94,040 |
|
94,041 |
| Opening balance as at 01 February 2025 |
122 |
|
94,040 |
|
94,162 |
|
| 3. |
Average number of employees
Average number of employees during the year was 0 (2025 : 0).
|
For the year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the director on 05 October 2026 and were signed by: --------------------------------
GBADEGESIN Adeola
Director |
1
|