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REGISTERED NUMBER: NI060401 (Northern Ireland)















Financial Statements for the Year Ended 31 December 2023

for

Sabina Properties Limited

Sabina Properties Limited (Registered number: NI060401)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Sabina Properties Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A Elliott
M Elliott
K Elliott





REGISTERED OFFICE: 19 Church Road
Portadown
Craigavon
Co. Armagh
BT63 5HT





REGISTERED NUMBER: NI060401 (Northern Ireland)





AUDITORS: WHR Accountants Ltd
Chartered Certified Accountants
Statutory Auditors
56 English Street
Armagh
Co. Armagh
BT61 7LG

Sabina Properties Limited (Registered number: NI060401)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 50 50

CURRENT ASSETS
Debtors 18 763,372
Cash at bank - 343
18 763,715
CREDITORS
Amounts falling due within one year 50 765,250
NET CURRENT LIABILITIES (32 ) (1,535 )
TOTAL ASSETS LESS CURRENT LIABILITIES 18 (1,485 )

CAPITAL AND RESERVES
Called up share capital 18 18
Retained earnings - (1,503 )
18 (1,485 )

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 15 November 2024 and were signed on its behalf by:





A Elliott - Director


Sabina Properties Limited (Registered number: NI060401)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Sabina Properties Limited is a private company, limited by shares , registered in Northern Ireland. 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.

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 NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2023
and 31 December 2023 50
NET BOOK VALUE
At 31 December 2023 50
At 31 December 2022 50

Sabina Properties Limited (Registered number: NI060401)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Joint venture

Farleigh (Dorking) Ltd
Registered office: United Kingdom
Nature of business: Buying and selling of own real estate.
%
Class of shares: holding
Ordinary A Shares 50.00

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

The Report of the Auditors was unqualified.

James Robinson (Senior Statutory Auditor)
for and on behalf of WHR Accountants Ltd

6. ULTIMATE CONTROLLING PARTY

The company is controlled by Pincap Limited, a company incorporated on the Isle of Man, by way of 100% shareholding. Group accounts for the company are not available to the public.