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REGISTERED NUMBER: 02406366 (England and Wales)











Sabron Limited

Unaudited Financial Statements

for the Year Ended 31st March 2024






Sabron Limited (Registered number: 02406366)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sabron Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: B G Cross LL.B. (Hons)
Mrs I L Cross





SECRETARY: Mrs I L Cross





REGISTERED OFFICE: Welland
Townfield Lane
Mollington
Chester
Cheshire
CH1 6NJ





REGISTERED NUMBER: 02406366 (England and Wales)





ACCOUNTANTS: Henry R. Davis & Co. Limited
Chartered Accountants
33 Chester Road West
Queensferry
Deeside
Flintshire
CH5 1SA

Sabron Limited (Registered number: 02406366)

Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6 7
Investment property 5 296,500 488,300
296,506 488,307

CURRENT ASSETS
Debtors 6 - 528
Cash at bank 132,120 1,832
132,120 2,360
CREDITORS
Amounts falling due within one year 7 25,573 50,737
NET CURRENT ASSETS/(LIABILITIES) 106,547 (48,377 )
TOTAL ASSETS LESS CURRENT LIABILITIES 403,053 439,930

PROVISIONS FOR LIABILITIES 28,114 48,090
NET ASSETS 374,939 391,840

CAPITAL AND RESERVES
Called up share capital 2 2
Non-distributable reserves 179,393 299,291
Retained earnings 195,544 92,547
SHAREHOLDERS' FUNDS 374,939 391,840

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Sabron Limited (Registered number: 02406366)

Balance Sheet - continued
31st March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1st August 2024 and were signed on its behalf by:





B G Cross LL.B. (Hons) - Director


Sabron Limited (Registered number: 02406366)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Sabron Limited 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 as modified by the revaluation of certain assets.

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.
Plant and machinery etc - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Sabron Limited (Registered number: 02406366)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023
and 31st March 2024 519
DEPRECIATION
At 1st April 2023 512
Charge for year 1
At 31st March 2024 513
NET BOOK VALUE
At 31st March 2024 6
At 31st March 2023 7

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023 488,300
Disposals (202,000 )
Revaluations 10,200
At 31st March 2024 296,500
NET BOOK VALUE
At 31st March 2024 296,500
At 31st March 2023 488,300

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2020 166,008
Valuation in 2021 50,000
Valuation in 2022 15,000
Valuation in 2023 (33,700 )
Valuation in 2024 10,200
Cost 88,992
296,500

Sabron Limited (Registered number: 02406366)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

5. INVESTMENT PROPERTY - continued

If the investment property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 140,919 140,919

The investment property was valued on an open market basis on 10th May 2024 by Mr. B.G. Cross a director of the company .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 528

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 23,764 367
Other creditors 1,809 50,370
25,573 50,737