REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
SABRETOOTH INVESTMENTS LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
SABRETOOTH INVESTMENTS LTD |
SABRETOOTH INVESTMENTS LTD (REGISTERED NUMBER: 04348787) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
SABRETOOTH INVESTMENTS LTD |
COMPANY INFORMATION |
for the year ended 31 December 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
and Registered Auditors |
3 & 4 Pegasus House |
Pegasus Court |
Olympus Avenue |
Warwick |
Warwickshire |
CV34 6LW |
SABRETOOTH INVESTMENTS LTD (REGISTERED NUMBER: 04348787) |
BALANCE SHEET |
31 December 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
SABRETOOTH INVESTMENTS LTD (REGISTERED NUMBER: 04348787) |
BALANCE SHEET - continued |
31 December 2023 |
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. |
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 |
SABRETOOTH INVESTMENTS LTD (REGISTERED NUMBER: 04348787) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 December 2023 |
1. | STATUTORY INFORMATION |
Sabretooth Investments Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Sabretooth Investments Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Turnover |
The total turnover of the company for the year has been derived from its principal activity wholly undertaken in the United Kingdom |
Tangible fixed assets |
Investment properties Leasehold & Freehold |
- |
Fixtures and fittings | - |
No deprecation will be calculated on the Freehold property as it is an investment property but the water treatment plant and ancillaries will be impaired over 10 years from 2019-2028. |
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. |
SABRETOOTH INVESTMENTS LTD (REGISTERED NUMBER: 04348787) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 December 2023 |
2. | ACCOUNTING POLICIES - continued |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
Revenue recognition |
Investment income represents income and gains derived from investments. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Investment |
properties | Fixtures |
Leasehold | and |
& Freehold | fittings | Totals |
£ | £ | £ |
COST |
At 1 January 2023 |
and 31 December 2023 |
DEPRECIATION |
At 1 January 2023 |
Charge for year |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
The net book value of investment properties comprises: |
2023 | 2022 |
£ | £ |
Freeholds | 657,323 | 660,138 |
The directors do not believe that the valuation of the investment properties is materially different to cost as at 31 December 2023. |
SABRETOOTH INVESTMENTS LTD (REGISTERED NUMBER: 04348787) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 December 2023 |
5. | FIXED ASSET INVESTMENTS |
Listed | Unlisted |
investments | investments | Totals |
£ | £ | £ |
COST |
At 1 January 2023 | 2,554,901 |
Additions | 724,990 |
Disposals | ( |
) | ( |
) | (528,829 | ) |
At 31 December 2023 | 2,751,062 |
PROVISIONS |
At 1 January 2023 |
and 31 December 2023 | 190,718 | 221,814 | 412,532 |
NET BOOK VALUE |
At 31 December 2023 | 2,338,530 |
At 31 December 2022 | 2,142,369 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Loans To Related Undertakings | - | 6,765 |
Prepayments and accrued income |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Accrued expenses |
SABRETOOTH INVESTMENTS LTD (REGISTERED NUMBER: 04348787) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 December 2023 |
8. | RELATED PARTY DISCLOSURES |
Silton Investments Limited (Registration No: 07655013 England & Wales) is regarded by the directors as being the company's ultimate parent company. |
Silton Investments Limited is exempt from the requirements to prepare consolidated financial statements. |
Iconclub Limited |
Sabretooth Investments Limited own 40% of the share capital. |
Interest charged in the year was £NIL (2022: £NIL). |
Amount due from related party at 31st December 2023 was £NIL (2022: £286,765) |
The subsidiary has been disposed of and there is a bad debt recognised this year of £6,733. |
Mr C E W Peel |
Mr C E W Peel is a shareholder in Sabretooth Investments Ltd. |
Amount due to the related party at 31 December 2023 was £NIL (2022: £NIL). |
Interest charged in the year was £NIL (2022: £976). |
9. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |