Sorbier Ltd Filleted Accounts Cover
Sorbier Ltd
Company No. 09516174
Information for Filing with The Registrar
31 March 2022
Sorbier Ltd Balance Sheet Registrar
at
31 March 2022
Company No.
09516174
Notes
2022
2021
£
£
Fixed assets
Tangible assets
4
325,000325,000
Investments
5
5,0005,000
330,000330,000
Current assets
Cash at bank and in hand
85,13948,939
85,13948,939
Creditors: Amount falling due within one year
6
(275,989)
(239,792)
Net current liabilities
(190,850)
(190,853)
Total assets less current liabilities
139,150139,147
Net assets
139,150139,147
Capital and reserves
Called up share capital
1,0001,000
Revaluation reserve
7
50,67950,679
Profit and loss account
7
87,47187,468
Total equity
139,150139,147
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2022 the company was entitled to exemption from audit 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 24 August 2022
And signed on its behalf by:
P. Richards
Director
24 August 2022
Sorbier Ltd Notes to the Accounts Registrar
for the year ended 31 March 2022
1
General information
Its registered number is: 09516174
Its registered office is:
295 Picton Watkiss Way
Cardiff
Wales
CF11 0SG
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
Investments
Unlisted investments are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2022
2021
Number
Number
The average monthly number of employees (including directors) during the year was:
00
4
Tangible fixed assets
Land and buildings
Total
£
£
Cost or revaluation
At 1 April 2021
325,000325,000
At 31 March 2022
325,000325,000
Depreciation
Net book values
At 31 March 2022
325,000325,000
At 31 March 2021
325,000325,000
5
Investments
Other investments - Unlisted
Total
£
£
Cost or valuation
At 1 April 2021
5,0005,000
At 31 March 2022
5,0005,000
Provisions/Impairment
Net book values
At 31 March 2022
5,0005,000
At 31 March 2021
5,0005,000
6
Creditors:
amounts falling due within one year
2022
2021
£
£
Corporation tax
14,580
Loans from directors
206,950206,638
Other creditors
67,74427,944
Accruals and deferred income
1,294630
275,989239,792
7
Reserves
Revaluation Reserve
Total other reserves
£
£
At 1 April 2020
50,679
50,679
At 31 March 2021 and 1 April 2021
50,679
50,679
At 31 March 2022
50,67950,679
Revaluation reserve - reflects the revaluation of property other than investment properties.
Profit and loss account - includes all current and prior period retained profits and losses.
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