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FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SABRE GROUP LIMITED

SABRE GROUP LIMITED (REGISTERED NUMBER: 02008384)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SABRE GROUP LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2023







DIRECTORS: T D Freeman
P A Freeman
A J Freeman





SECRETARY: P A Freeman





REGISTERED OFFICE: 3/11 Witney Road
Poole
Dorset
BH17 0GJ





REGISTERED NUMBER: 02008384 (England and Wales)





AUDITORS: Schofields
Chartered Accountants and Statutory Auditors
5th Floor
Waverley House
115 - 119 Holdenhurst Road
Bournemouth
Dorset
BH8 8DY

SABRE GROUP LIMITED (REGISTERED NUMBER: 02008384)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 325,174 358,288
Investments 5 100 100
Investment property 6 34,475,000 34,430,000
34,800,274 34,788,388

CURRENT ASSETS
Stocks 75,391 75,391
Debtors 7 170,378 251,784
Cash at bank 1,470,681 1,003
1,716,450 328,178
CREDITORS
Amounts falling due within one year 8 1,786,586 1,207,945
NET CURRENT LIABILITIES (70,136 ) (879,767 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,730,138

33,908,621

CREDITORS
Amounts falling due after more than one year 9 (4,567,107 ) (4,233,197 )

PROVISIONS FOR LIABILITIES 11 (1,008,155 ) (1,013,589 )
NET ASSETS 29,154,876 28,661,835

CAPITAL AND RESERVES
Called up share capital 12 1,801,000 1,801,000
Non-distributable revaluation reserve 8,631,373 8,454,145
Retained earnings 18,722,503 18,406,690
SHAREHOLDERS' FUNDS 29,154,876 28,661,835

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 16 April 2024 and were signed on its behalf by:




P A Freeman - Director



A J Freeman - Director


SABRE GROUP LIMITED (REGISTERED NUMBER: 02008384)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

Sabre Group 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 represents the amount derived from rental income and related trading activities excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - Straight line on buildings over 50 years
Equipment - 33% on cost and 20% on cost
Motor vehicles - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment properties are revalued annually based on their fair value. Changes to fair value go through the income statement. Gains are not realised and as such are not subject to current tax and are regarded as non-distributable. Depreciation is not provided.

Stocks
Stocks and work in progress is valued at the lower of cost and net realisable value.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Derivative financial instruments
Derivative financial instruments are revalued annually based on their fair value.

SABRE GROUP LIMITED (REGISTERED NUMBER: 02008384)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Freehold Motor
property Equipment vehicles Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 307,235 46,753 245,391 599,379
DEPRECIATION
At 1 January 2023 98,753 45,010 97,328 241,091
Charge for year 3,899 348 28,867 33,114
At 31 December 2023 102,652 45,358 126,195 274,205
NET BOOK VALUE
At 31 December 2023 204,583 1,395 119,196 325,174
At 31 December 2022 208,482 1,743 148,063 358,288

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 100
NET BOOK VALUE
At 31 December 2023 100
At 31 December 2022 100

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 34,430,000
Additions 1,693,370
Disposals (1,670,000 )
Revaluations 21,630
At 31 December 2023 34,475,000
NET BOOK VALUE
At 31 December 2023 34,475,000
At 31 December 2022 34,430,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 34,475,000

SABRE GROUP LIMITED (REGISTERED NUMBER: 02008384)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023

6. INVESTMENT PROPERTY - continued

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

2023 2022
£    £   
Cost 26,015,084 26,165,623

Investment property was valued on a fair value basis on 31 December 2023 by the directors .

The valuation by the directors has been undertaken through property market research to include evidence on comparable sales and rental investment yields.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 103,365 172,298
Other debtors 67,013 79,486
170,378 251,784

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 158,690
Trade creditors 7,619 63,336
Amounts owed to group undertakings 100 100
Taxation and social security 439,192 400,695
Other creditors 1,339,675 585,124
1,786,586 1,207,945

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 4,567,107 4,233,197

Amounts falling due in more than five years:

Repayable by instalments
Other creditors after 5 years 4,327,107 3,993,197

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft - 4,343
Bank loans - 154,347
- 158,690

Bank loans were secured by way of various fixed and floating charges over the company's investment property portfolio.

SABRE GROUP LIMITED (REGISTERED NUMBER: 02008384)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023

11. PROVISIONS FOR LIABILITIES

The deferred tax provision is analysed as follows:

20232022

Accelerated capital allowances550,357538,925
Investment property revaluation481,149474,664
1,031,5061,013,589


12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,801,000 Ordinary £1 1,801,000 1,801,000

13. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

P J Schofield FCA (Senior Statutory Auditor)
for and on behalf of Schofields

14. RENTAL DEPOSITS

Rental deposits received from tenants are held in designated client accounts, and therefore, are not reported on the balance sheet.