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REGISTERED NUMBER: 03309322 (England and Wales)



Unaudited Financial Statements for the Year Ended 30 April 2023

for

Sabrecrest Ltd

Sabrecrest Ltd (Registered number: 03309322)

Contents of the Financial Statements
for the Year Ended 30 April 2023










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


Sabrecrest Ltd

Company Information
for the Year Ended 30 April 2023







DIRECTOR: Mr K B Simmons





REGISTERED OFFICE: Flat C
3 Queensberry Place
London
SW7 2DL





REGISTERED NUMBER: 03309322 (England and Wales)





ACCOUNTANTS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

Sabrecrest Ltd (Registered number: 03309322)

Statement of Financial Position
30 April 2023

30.4.23 30.4.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,845,230 1,844,640

CURRENT ASSETS
Cash at bank 92,939 131,713

CREDITORS
Amounts falling due within one year 5 (314,190 ) (1,041,774 )
NET CURRENT LIABILITIES (221,251 ) (910,061 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,623,979

934,579

CREDITORS
Amounts falling due after more than one year 6 (732,992 ) (46,871 )
NET ASSETS 890,987 887,708

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 890,887 887,608
SHAREHOLDERS' FUNDS 890,987 887,708

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Sabrecrest Ltd (Registered number: 03309322)

Statement of Financial Position - continued
30 April 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 August 2023 and were signed by:





Mr K B Simmons - Director


Sabrecrest Ltd (Registered number: 03309322)

Notes to the Financial Statements
for the Year Ended 30 April 2023


1. STATUTORY INFORMATION

Sabrecrest Ltd 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.
Improvements to property - Nil rate
Computer equipment - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Sabrecrest Ltd (Registered number: 03309322)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


4. TANGIBLE FIXED ASSETS
Improvements
Long to Computer
leasehold property equipment Totals
£    £    £    £   
COST
At 1 May 2022 1,252,141 589,006 29,266 1,870,413
Additions - - 1,951 1,951
At 30 April 2023 1,252,141 589,006 31,217 1,872,364
DEPRECIATION
At 1 May 2022 - - 25,773 25,773
Charge for year - - 1,361 1,361
At 30 April 2023 - - 27,134 27,134
NET BOOK VALUE
At 30 April 2023 1,252,141 589,006 4,083 1,845,230
At 30 April 2022 1,252,141 589,006 3,493 1,844,640

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts (see note 7) - 715,000
Tax 505 21,550
Social security and other taxes (2,491 ) 899
VAT 4,577 8,166
Commercial letting 58,800 -
Wages Control 233 (288 )
Directors' current accounts 3,119 -
Directors' loan accounts 248,647 295,647
Accrued expenses 800 800
314,190 1,041,774

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans (see note 7) 732,992 46,871

Sabrecrest Ltd (Registered number: 03309322)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


7. LOANS

An analysis of the maturity of loans is given below:

30.4.23 30.4.22
£    £   
Amounts falling due within one year or on demand:
Loan - 03 - 90,000
Loan - 04 - 625,000
- 715,000

Amounts falling due between one and two years:
Loan - 01 692,500 -
Bounce Back Loan 40,492 46,871
732,992 46,871

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 May 2022 887,608
Profit for the year 3,279
At 30 April 2023 890,887