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Unaudited Financial Statements for the Year Ended 30 September 2019 |
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Samara Limited |
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Unaudited Financial Statements for the Year Ended 30 September 2019 |
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for |
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Samara Limited |
Samara Limited (Registered number: 02839502) |
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Contents of the Financial Statements |
for the Year Ended 30 September 2019 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Samara Limited |
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Company Information |
for the Year Ended 30 September 2019 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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24-26 Mansfield Road |
Rotherham |
South Yorkshire |
S60 2DT |
Samara Limited (Registered number: 02839502) |
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Balance Sheet |
30 September 2019 |
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2019 | 2018 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
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Investment property | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 | ( |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 8 | ( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 10 |
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Revaluation reserve |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS |
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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. |
Samara Limited (Registered number: 02839502) |
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Balance Sheet - continued |
30 September 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Profit & loss account has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
signed on its behalf by: |
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Samara Limited (Registered number: 02839502) |
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Notes to the Financial Statements |
for the Year Ended 30 September 2019 |
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1. | STATUTORY INFORMATION |
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Samara Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Investment property |
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. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & loss account, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Samara Limited (Registered number: 02839502) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2019 |
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4. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 October 2018 |
and 30 September 2019 |
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NET BOOK VALUE |
At 30 September 2019 |
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At 30 September 2018 |
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5. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1 October 2018 |
and 30 September 2019 |
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NET BOOK VALUE |
At 30 September 2019 |
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At 30 September 2018 |
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The fair value of the investment property has been arrived at on the basis of a valuation carried out at the year |
end by the directors of the company. The valuation was made on an open market value basis by reference to |
market evidence of transaction prices for similar properties. |
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If investment properties were stated on an historical cost basis rather than a fair value basis, the cost would be |
£6,267 (2018 - £6,267). |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Amounts owed by participating interests | 309,103 | 350,653 |
Other debtors |
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Samara Limited (Registered number: 02839502) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2019 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Amounts owed to group undertakings |
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Other creditors |
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Other creditors includes £200,000 6% loan stock. This is held by the parent company and entitlement to interest |
was waived in respect of the year. |
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8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2019 | 2018 |
£ | £ |
Bank loans |
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9. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2019 | 2018 |
£ | £ |
Bank loans |
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Bank borrowing is secured on the company's assets and an unlimited multilateral guarantee exists with its |
subsidiary Meersbrook Enterprise Centre Limited. |
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10. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
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Ordinary | £1 | 5,000 | 5,000 |
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11. | RELATED PARTY DISCLOSURES |
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At the year end the company owed £94,633 (2018 - £182,973) to Retirement Services Limited. |
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No interest is charged on this loan. |
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The directors Mr. G. Renshaw-Smith and Mrs J. Renshaw-Smith are directors in the above company. |
Samara Limited (Registered number: 02839502) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2019 |
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12. | ULTIMATE CONTROLLING PARTY |
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The immediate parent undertaking is Samara International Limited. |
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The ultimate controlling party is Sugarbeach Discretionary Trust. |