Silverfin false 28/02/2023 01/03/2022 28/02/2023 A V Easton 16/02/2021 28 November 2023 The principal activity of the Company during the financial period was property investment. 13203816 2023-02-28 13203816 bus:Director1 2023-02-28 13203816 2022-02-28 13203816 core:CurrentFinancialInstruments 2023-02-28 13203816 core:CurrentFinancialInstruments 2022-02-28 13203816 core:Non-currentFinancialInstruments 2023-02-28 13203816 core:Non-currentFinancialInstruments 2022-02-28 13203816 core:ShareCapital 2023-02-28 13203816 core:ShareCapital 2022-02-28 13203816 core:RetainedEarningsAccumulatedLosses 2023-02-28 13203816 core:RetainedEarningsAccumulatedLosses 2022-02-28 13203816 core:LandBuildings 2022-02-28 13203816 core:FurnitureFittings 2022-02-28 13203816 core:ComputerEquipment 2022-02-28 13203816 core:LandBuildings 2023-02-28 13203816 core:FurnitureFittings 2023-02-28 13203816 core:ComputerEquipment 2023-02-28 13203816 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-02-28 13203816 core:RemainingRelatedParties core:CurrentFinancialInstruments 2022-02-28 13203816 core:CurrentFinancialInstruments core:Secured 2023-02-28 13203816 2022-03-01 2023-02-28 13203816 bus:FullAccounts 2022-03-01 2023-02-28 13203816 bus:SmallEntities 2022-03-01 2023-02-28 13203816 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 13203816 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 13203816 bus:Director1 2022-03-01 2023-02-28 13203816 core:FurnitureFittings core:TopRangeValue 2022-03-01 2023-02-28 13203816 core:ComputerEquipment core:TopRangeValue 2022-03-01 2023-02-28 13203816 2021-03-01 2022-02-28 13203816 core:LandBuildings 2022-03-01 2023-02-28 13203816 core:FurnitureFittings 2022-03-01 2023-02-28 13203816 core:ComputerEquipment 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Company No: 13203816 (England and Wales)

SABRECORE HOLDINGS LTD

Unaudited Financial Statements
For the financial year ended 28 February 2023
Pages for filing with the registrar

SABRECORE HOLDINGS LTD

Unaudited Financial Statements

For the financial year ended 28 February 2023

Contents

SABRECORE HOLDINGS LTD

BALANCE SHEET

As at 28 February 2023
SABRECORE HOLDINGS LTD

BALANCE SHEET (continued)

As at 28 February 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 8,397 0
Investment property 4 5,777,553 4,608,869
5,785,950 4,608,869
Current assets
Debtors 5 2,658,764 1,600,961
Cash at bank and in hand 82,399 1,497
2,741,163 1,602,458
Creditors: amounts falling due within one year 6 ( 375,941) ( 128,619)
Net current assets 2,365,222 1,473,839
Total assets less current liabilities 8,151,172 6,082,708
Creditors: amounts falling due after more than one year 7 ( 1,958,708) 0
Net assets 6,192,464 6,082,708
Capital and reserves
Called-up share capital 6,015,999 6,015,999
Profit and loss account 176,465 66,709
Total shareholders' funds 6,192,464 6,082,708

For the financial year ending 28 February 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Sabrecore Holdings Ltd (registered number: 13203816) were approved and authorised for issue by the Director on 28 November 2023. They were signed on its behalf by:

A V Easton
Director
SABRECORE HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2023
SABRECORE HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Sabrecore Holdings Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 5, Grange Farm Business Park Sandy Lane, Shedfield, Southampton, SO32 2HD, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings not depreciated
Fixtures and fittings 4 years straight line
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 3 1

3. Tangible assets

Land and buildings Fixtures and fittings Computer equipment Total
£ £ £ £
Cost
At 01 March 2022 0 0 0 0
Additions 4,560 160 4,323 9,043
At 28 February 2023 4,560 160 4,323 9,043
Accumulated depreciation
At 01 March 2022 0 0 0 0
Charge for the financial year 0 10 636 646
At 28 February 2023 0 10 636 646
Net book value
At 28 February 2023 4,560 150 3,687 8,397
At 28 February 2022 0 0 0 0

4. Investment property

Investment property
£
Valuation
As at 01 March 2022 4,608,869
Additions 1,168,684
As at 28 February 2023 5,777,553

5. Debtors

2023 2022
£ £
Trade debtors 13,816 44,000
Amounts owed by related parties 2,585,023 1,555,383
Other debtors 59,925 1,578
2,658,764 1,600,961

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans (secured) 105,500 0
Trade creditors 39,314 23,664
Amounts owed to related parties 46,796 0
Taxation and social security 33,561 37,349
Other creditors 150,770 67,606
375,941 128,619

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans (secured) 1,958,708 0

8. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2023 2022
£ £
within one year 12,000 0

9. Related party transactions

Transactions with the entity's director

2023 2022
£ £
Balance owed by director 0 1,449