Samson Homes Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07749078 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2019

FOR

SAMSON HOMES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A S Khan

Mrs S Khan

REGISTERED OFFICE:

89 Boleyn Road

London

E7 9QF

REGISTERED NUMBER:

07749078 (England and Wales)

ACCOUNTANTS:

Hadleys & Co.

Ground Floor

Import Building

2 Clove Crescent

London

E14 2BE

FIXED ASSETS

Tangible assets

3

1,859

2,324

Investments

4

176

176

2,035

2,500

CURRENT ASSETS

Debtors

5

524,015

244,165

Cash at bank

921

331,764

524,936

575,929

CREDITORS

Amounts falling due within one year

6

(132,424

)

(184,070

)

NET CURRENT ASSETS

392,512

391,859

TOTAL ASSETS LESS CURRENT LIABILITIES

394,547

394,359

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

394,447

394,259

SHAREHOLDERS' FUNDS

394,547

394,359

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 on 20 March 2020 and were signed on its behalf by:

A S Khan - Director

1.	STATUTORY INFORMATION

Samson Homes 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax

and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year 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 year 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.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2018

and 30 June 2019

7,054

DEPRECIATION

At 1 July 2018

4,730

Charge for year

465

At 30 June 2019

5,195

NET BOOK VALUE

At 30 June 2019

1,859

At 30 June 2018

2,324

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 July 2018

and 30 June 2019

176

NET BOOK VALUE

At 30 June 2019

176

At 30 June 2018

176

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

524,015

244,165

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

10,239

9,992

Taxation and social security

5,223

3,539

Other creditors

116,962

170,539

132,424

184,070

7.	RELATED PARTY DISCLOSURES

The company entered into transactions with its subsidiaries as follows:

Samson Homes SPV1 Ltd

The balance due to Samson Homes Limited in respect of intercompany transactions as at 30 June

2019 was £317,862 (2018: £70,245)

Samson Capital London Ltd

The balance due from Samson Homes Limited in respect of intercompany transactions as at 30 June

2019 was £225,884.07 (2018: £23,109 owing to Samson Homes Limited)

Samson Capital Leyton Ltd

The balance due to Samson Homes Limited in respect of intercompany transactions as at 30 June

2019 was £377,037 (2018: £150,910)