Caseware UK (AP4) 2023.0.135 2023.0.135 2023-05-312023-05-312022-06-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseDevelopment of building projects10truetrue 04668113 2022-06-01 2023-05-31 04668113 2021-06-01 2022-05-31 04668113 2023-05-31 04668113 2022-05-31 04668113 c:CompanySecretary1 2022-06-01 2023-05-31 04668113 c:Director1 2022-06-01 2023-05-31 04668113 c:Director1 2023-05-31 04668113 c:Director2 2022-06-01 2023-05-31 04668113 c:Director3 2022-06-01 2023-05-31 04668113 c:Director3 2023-05-31 04668113 c:Director4 2022-06-01 2023-05-31 04668113 c:Director5 2022-06-01 2023-05-31 04668113 c:Director5 2023-05-31 04668113 c:Director6 2022-06-01 2023-05-31 04668113 c:Director6 2023-05-31 04668113 c:Director7 2022-06-01 2023-05-31 04668113 c:RegisteredOffice 2022-06-01 2023-05-31 04668113 d:CurrentFinancialInstruments 2023-05-31 04668113 d:CurrentFinancialInstruments 2022-05-31 04668113 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 04668113 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 04668113 d:ShareCapital 2023-05-31 04668113 d:ShareCapital 2022-05-31 04668113 d:RetainedEarningsAccumulatedLosses 2023-05-31 04668113 d:RetainedEarningsAccumulatedLosses 2022-05-31 04668113 c:FRS102 2022-06-01 2023-05-31 04668113 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 04668113 c:FullAccounts 2022-06-01 2023-05-31 04668113 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 04668113 e:PoundSterling 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure
Registered number: 04668113














SABRA ESTATES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MAY 2023

 
SABRA ESTATES LIMITED
 
 
COMPANY INFORMATION


Directors
C F Moharm (resigned 13 January 2023)
S B Benaim 
T R Betts (appointed 9 February 2023)
T D O'Beirne 
D E H Sanderson (appointed 23 February 2023)
B N Zakay (appointed 1 November 2022)
S Zakay 




Company secretary
N Franchini Gliorsi



Registered number
04668113



Registered office
105 Wigmore Street
7th Floor

London

W1U 1QY




Accountants
Sopher + Co LLP
Chartered Accountants

5 Elstree Gate

Elstree Way

Borehamwood

Hertfordshire

WD6 1JD





 
SABRA ESTATES LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1
Notes to the Financial Statements
 
 
2 - 4


 
SABRA ESTATES LIMITED
REGISTERED NUMBER:04668113

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
28,890
1,000

Cash at bank and in hand
  
423,322
-

  
452,212
1,000

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(504,823)
-

Net current liabilities
  
 
 
(52,611)
 
 
1,000

  

Net liabilities
  
(52,611)
1,000


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
(53,611)
-

  
(52,611)
1,000


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question 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 financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


T D O'Beirne
Director

Date: 9 February 2024

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
SABRA ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Sabra Estates Limited is a private company limited by shares incorporated in England and Wales. The registered office is 105 Wigmore Street, 7th Floor, London, England, W1U 1QY.
The principal activity of the company continued to be that of development of building projects.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial
statements.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ Sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 2

 
SABRA ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

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.

 
2.8

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 3

 
SABRA ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 0).


4.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
27,890
-

Other debtors
1,000
1,000

28,890
1,000



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
500,000
-

Other taxation and social security
2,423
-

Accruals and deferred income
2,400
-

504,823
-



6.


Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 '"The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.


7.


Controlling party

The immediate and ultimate parent undertaking is Topland Vintage Holdings Limited, a company
registered in Gibraltar, with its registered office address at Madison Building, Midtown, Queensway,
Gibraltar, GX11 1AA.

 
Page 4