REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 April 2024 |
for |
Sabel Cosmetics Holdings Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 April 2024 |
for |
Sabel Cosmetics Holdings Limited |
Sabel Cosmetics Holdings Limited (Registered number: 06796560) |
Contents of the Financial Statements |
for the Year Ended 30 April 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Sabel Cosmetics Holdings Limited |
Company Information |
for the Year Ended 30 April 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
28 Prescott Street |
Halifax |
West Yorkshire |
HX1 2LG |
Sabel Cosmetics Holdings Limited (Registered number: 06796560) |
Balance Sheet |
30 April 2024 |
30.4.24 | 30.4.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 5 |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges his 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. |
The financial statements were approved by the director and authorised for issue on |
Sabel Cosmetics Holdings Limited (Registered number: 06796560) |
Notes to the Financial Statements |
for the Year Ended 30 April 2024 |
1. | STATUTORY INFORMATION |
Sabel Cosmetics Holdings Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Going concern |
These financial statements have been prepared under the going concern basis. The directors consider that the company remains a going concern due to the continuing financial support of the directors and shareholders |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost less any provision for impairment. |
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. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Sabel Cosmetics Holdings Limited (Registered number: 06796560) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2024 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 May 2023 |
and 30 April 2024 |
PROVISIONS |
At 1 May 2023 | 1,325,614 |
Provision written back | (200,000 | ) |
At 30 April 2024 | 1,125,614 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 April 2023 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.24 | 30.4.23 |
£ | £ |
Loan notes |
Amounts owed to group undertakings |
Directors' loan accounts | 191,101 | 191,101 |
Accrued expenses |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
30.4.24 | 30.4.23 |
£ | £ |
Loan notes |
On 13 March 2009 the company issued loan notes to the value of £ 2,401,056 with varying interest rates and expiry dates as part-consideration for the purchase of the total share capital of Sabel Cosmetics Ltd. The loan notes are secured on the assets of the company and on the assets of the 100% owned subsidiary Sabel Cosmetics Limited by way of a fixed and floating charge held on behalf of Hotbed Portfolio Managers LLP (as security trustee for the secured parties) |
At 30 April 2024 the value of outstanding loan notes amounted to £1,651,056 (2016 £1,651,056) |
8. | POST BALANCE SHEET EVENTS |
These financial statements have been prepared under the going concern basis. The director considers that the company remains a going concern due to the continuing financial support of the director, loan note creditors and shareholders. |