Accounts filed on 31-07-2017


Registered number: 09673592






Sam's Palace Ltd


ACCOUNTS

FOR THE YEAR ENDED 31/07/2017
























Prepared By:
Brondesbury Accountants LTD
1 college yard
56 Winchester avenue
London
nw6 7ua


ACCOUNTS
FOR THE YEAR ENDED 31/07/2017





DIRECTORS
Samyra Barzin
Hashem Failey


REGISTERED OFFICE
1 College Yard 56 Winchester Avenue
London
NW6 7UA


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09673592



ACCOUNTANTS
Brondesbury Accountants LTD
1 college yard
56 Winchester avenue
London
nw6 7ua


ACCOUNTS
FOR THEYEARENDED31/07/2017



CONTENTS



		Page

Directors' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/07/2017

			2017		2016
	Notes		£		£

FIXED ASSETS
Tangible assets	2		10,137		12,671

CURRENT ASSETS
Stock		21,346		18,542
Debtors	4	10,500		10,499
Cash at bank and in hand		26		795
		31,872		29,836
CREDITORS: Amounts falling due within one year	5	4,121		3,217
NET CURRENT ASSETS			27,751		26,619
TOTAL ASSETS LESS CURRENT LIABILITIES			37,888		39,290


CREDITORS: Amounts falling due after more than one year	6		100,000		100,000

NET LIABILITIES			(62,112)		(60,710)

CAPITAL AND RESERVES

Called up share capital	8		2		2
Profit and loss account			(62,114)		(60,712)
SHAREHOLDERS' FUNDS			(62,112)		(60,710)

For the year ending 31/07/2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 30/04/2018 and signed on their behalf by



.............................
Samyra Barzin
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Equipment		%




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




4. DEBTORS	2017	2016
	£	£
Amounts falling due within one year
Prepayments ( rent deposit)	10,500	10,499
	10,500	10,499




5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2017	2016
	£	£
Trade creditors	4,121	3,217
	4,121	3,217




6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2017	2016
	£	£
Loans >1yr	100,000	100,000
	100,000	100,000




8. SHARE CAPITAL	2017	2016
	£	£
Allotted, issued and fully paid:
2 Ordinary shares of £1 each	2	2
	2	2