Registered number
12086176
SB2 Ltd
Unaudited Filleted Accounts
30 June 2023
SB2 Ltd
Registered number: 12086176
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 1,243,335 1,241,180
Current assets
Cash at bank and in hand 84,060 63,650
Creditors: amounts falling due within one year 4 (434,125) (608,360)
Net current liabilities (350,065) (544,710)
Total assets less current liabilities 893,270 696,470
Creditors: amounts falling due after more than one year 5 - (93,750)
Net assets 893,270 602,720
Capital and reserves
Called up share capital 86,500 110
CRR Capital Redemption Reserve 10 -
Profit and loss account 806,760 602,610
Shareholders' funds 893,270 602,720
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
B Vyas
Director
Approved by the board on 5 February 2024
SB2 Ltd
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investment income
Investment income represents dividends received from KPTI Ltd
Investments
Investment in KPTI Ltd is valued at cost.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 July 2022 1,241,180
Additions 2,155
At 30 June 2023 1,243,335
4 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 434,125 608,360
5 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors - 93,750
6 Related party transactions
Investments reprsents 100% share capital of KPTI Ltd.
7 Controlling party
At the year end, the company was owned and controlled by the two directors.

On 03/07/2023, 100% of the share capital in SB2 Ltd was sold by the two directors to Grp Retail Holdco Limited.
8 Other information
SB2 Ltd is a private company limited by shares and incorporated in England. Its registered office is:
7th Floor, Corn Exchange
55 Mark Lane
London
EC3R 7NE
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