Silverfin false false 29/02/2024 01/03/2023 29/02/2024 A Easton 12/02/2020 G Loader Easton 12/02/2020 J Easton 12/02/2020 M Easton 12/02/2020 O Easton 12/02/2020 28 November 2024 The principal activity of the company during the financial period was that of property investment and management 12458225 2024-02-29 12458225 bus:Director1 2024-02-29 12458225 bus:Director2 2024-02-29 12458225 bus:Director3 2024-02-29 12458225 bus:Director4 2024-02-29 12458225 bus:Director5 2024-02-29 12458225 2023-02-28 12458225 core:CurrentFinancialInstruments 2024-02-29 12458225 core:CurrentFinancialInstruments 2023-02-28 12458225 core:ShareCapital 2024-02-29 12458225 core:ShareCapital 2023-02-28 12458225 core:RetainedEarningsAccumulatedLosses 2024-02-29 12458225 core:RetainedEarningsAccumulatedLosses 2023-02-28 12458225 core:OfficeEquipment 2023-02-28 12458225 core:OfficeEquipment 2024-02-29 12458225 2023-03-01 2024-02-29 12458225 bus:FilletedAccounts 2023-03-01 2024-02-29 12458225 bus:SmallEntities 2023-03-01 2024-02-29 12458225 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 12458225 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 12458225 bus:Director1 2023-03-01 2024-02-29 12458225 bus:Director2 2023-03-01 2024-02-29 12458225 bus:Director3 2023-03-01 2024-02-29 12458225 bus:Director4 2023-03-01 2024-02-29 12458225 bus:Director5 2023-03-01 2024-02-29 12458225 core:OfficeEquipment core:TopRangeValue 2023-03-01 2024-02-29 12458225 2022-03-01 2023-02-28 12458225 core:OfficeEquipment 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Company No: 12458225 (England and Wales)

SABRE COMMERCIAL INVESTMENTS LIMITED

Unaudited Financial Statements
For the financial year ended 29 February 2024
Pages for filing with the registrar

SABRE COMMERCIAL INVESTMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 29 February 2024

Contents

SABRE COMMERCIAL INVESTMENTS LIMITED

BALANCE SHEET

As at 29 February 2024
SABRE COMMERCIAL INVESTMENTS LIMITED

BALANCE SHEET (continued)

As at 29 February 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 427 1,483
Investment property 4 778,421 760,443
778,848 761,926
Current assets
Debtors 5 710,917 724,259
Cash at bank and in hand 61 31
710,978 724,290
Creditors: amounts falling due within one year 6 ( 1,573,633) ( 1,518,423)
Net current liabilities (862,655) (794,133)
Total assets less current liabilities (83,807) (32,207)
Net liabilities ( 83,807) ( 32,207)
Capital and reserves
Called-up share capital 716 716
Profit and loss account ( 84,523 ) ( 32,923 )
Total shareholders' deficit ( 83,807) ( 32,207)

For the financial year ending 29 February 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Sabre Commercial Investments Limited (registered number: 12458225) were approved and authorised for issue by the Board of Directors on 28 November 2024. They were signed on its behalf by:

M Easton
Director
SABRE COMMERCIAL INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
SABRE COMMERCIAL INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Sabre Commercial Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 5, Grange Farm Business Park Sandy Lane, Shedfield, Southampton, SO32 2HD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £83,807. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 5 5

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 March 2023 3,921 3,921
At 29 February 2024 3,921 3,921
Accumulated depreciation
At 01 March 2023 2,438 2,438
Charge for the financial year 1,056 1,056
At 29 February 2024 3,494 3,494
Net book value
At 29 February 2024 427 427
At 28 February 2023 1,483 1,483

4. Investment property

Investment property
£
Valuation
As at 01 March 2023 760,443
Additions 17,978
As at 29 February 2024 778,421

5. Debtors

2024 2023
£ £
Other debtors 710,917 724,259

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 12,909 14,434
Other creditors 1,560,724 1,503,989
1,573,633 1,518,423