0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2024 - FRS102_2024 2,054,711 372,203 641,031 164,092 1,949,975 1,949,975 2,054,711 xbrli:pure xbrli:shares iso4217:GBP 11971788 2023-07-01 2024-06-30 11971788 2024-06-30 11971788 2023-06-30 11971788 2022-07-01 2023-06-30 11971788 2023-06-30 11971788 2022-06-30 11971788 bus:Director1 2023-07-01 2024-06-30 11971788 bus:Director2 2023-07-01 2024-06-30 11971788 core:WithinOneYear 2024-06-30 11971788 core:WithinOneYear 2023-06-30 11971788 core:ShareCapital 2024-06-30 11971788 core:ShareCapital 2023-06-30 11971788 core:RetainedEarningsAccumulatedLosses 2024-06-30 11971788 core:RetainedEarningsAccumulatedLosses 2023-06-30 11971788 core:CostValuation core:Non-currentFinancialInstruments 2023-06-30 11971788 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-06-30 11971788 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2024-06-30 11971788 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-06-30 11971788 core:CostValuation core:Non-currentFinancialInstruments 2024-06-30 11971788 core:Non-currentFinancialInstruments 2024-06-30 11971788 core:Non-currentFinancialInstruments 2023-06-30 11971788 bus:SmallEntities 2023-07-01 2024-06-30 11971788 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 11971788 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 11971788 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11971788 bus:FullAccounts 2023-07-01 2024-06-30
COMPANY REGISTRATION NUMBER: 11971788
Sablet Investments Limited
Filleted Unaudited Financial Statements
30 June 2024
Sablet Investments Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
Fixed assets
Investments
4
1,949,975
2,054,711
Current assets
Cash at bank and in hand
26,867
24,595
Creditors: amounts falling due within one year
5
1,594,811
1,908,811
------------
------------
Net current liabilities
1,567,944
1,884,216
------------
------------
Total assets less current liabilities
382,031
170,495
Provisions
16,698
---------
---------
Net assets
365,333
170,495
---------
---------
Capital and reserves
Called up share capital
300
300
Profit and loss account
365,033
170,195
---------
---------
Shareholders funds
365,333
170,495
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Sablet Investments Limited
Statement of Financial Position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 29 March 2025 , and are signed on behalf of the board by:
PC Percival
E Percival
Director
Director
Company registration number: 11971788
Sablet Investments Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Suite 1, First Floor, 1 Duchess Street, London, W1W 6AN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents income earned on investments held. Dividends are recognised in the period in which they are received. Interest is recognised on an accruals basis.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Investments
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Investments
Other investments other than loans
£
Cost
At 1 July 2023
2,054,711
Additions
372,203
Disposals
( 641,031)
Revaluations
164,092
------------
At 30 June 2024
1,949,975
------------
Impairment
At 1 July 2023 and 30 June 2024
------------
Carrying amount
At 30 June 2024
1,949,975
------------
At 30 June 2023
2,054,711
------------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
1,594,811
1,908,811
------------
------------
6. Financial instruments
The carrying amount for each category of financial instrument is as follows:
2024
2023
£
£
Financial assets measured at fair value through profit or loss
Financial assets measured at fair value through profit or loss
1,949,975
2,054,711
------------
------------
7. Related party transactions
At the period end the company owed the directors £3,400 (2023: £3,400). The loan is interest free and repayable on demand.