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Registration number: 15072000

SABR Industries Holdings Ltd

Unaudited Filleted Financial Statements

for the Period from 15 August 2023 to 31 August 2024

 

SABR Industries Holdings Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 8

 

SABR Industries Holdings Ltd

(Registration number: 15072000)
Statement of Financial Position as at 31 August 2024

Note

2024
£

Fixed assets

 

Investment property

4

816,238

Investments

5

1

 

816,239

Current assets

 

Debtors

6

8,355

Cash at bank and in hand

 

1,013,929

 

1,022,284

Creditors: Amounts falling due within one year

7

(454,812)

Net current assets

 

567,472

Total assets less current liabilities

 

1,383,711

Creditors: Amounts falling due after more than one year

7

(1,401,115)

Net liabilities

 

(17,404)

Capital and reserves

 

Called up share capital

8

200

Profit and loss account

(17,604)

Shareholders' deficit

 

(17,404)

For the financial period ending 31 August 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 accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 14 May 2025 and signed on its behalf by:
 


B J Nicholls
Director

 

SABR Industries Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 15 August 2023 to 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
12 Manor Park Drive
Plympton
Plymouth
PL7 2HT
England

Principal activity

The principal activity of the company is is that of a holding company which is investing in property for rental.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

This company is a parent company of a small group and hence is exempt from preparing group accounts. These accounts show only the results of this company and not the group.

The financial statements are prepared in sterling which is the functional currency of the entity.

 

SABR Industries Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 15 August 2023 to 31 August 2024 (continued)

2

Accounting policies (continued)

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on the continued support from the company's directors.

If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet value of assets to their recoverable amounts, and to provide for further liabilities that might arise, and to reclassify fixed assets as current assets.

The directors believe that it is appropriate for the financial statements to be prepared on the going concern basis,

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

SABR Industries Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 15 August 2023 to 31 August 2024 (continued)

2

Accounting policies (continued)

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes 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.

 

SABR Industries Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 15 August 2023 to 31 August 2024 (continued)

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Investment properties

2024
£

Additions

816,238

At 31 August

816,238

There has been no valuation of investment property by an independent valuer.

All property is included at cost as this is equal to market value of the property as at the period end.

Included in the cost of investment property is £755,775 relating to freehold property and £60,688 in respect of long leasehold property.

5

Investments

2024
£

Investments in subsidiaries

1

Subsidiaries

£

Cost or valuation

Additions

1

Provision

Carrying amount

At 31 August 2024

1

 

SABR Industries Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 15 August 2023 to 31 August 2024 (continued)

5

Investments (continued)

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

Subsidiary undertakings

SABR Industries Ltd

12 Manor Park Drive
Plympton
Plymouth
PL7 2HT

England and Wales

Ordinary 1p shares

100%

Subsidiary undertakings

SABR Industries Ltd

The principal activity of SABR Industries Ltd is Is that of buying and developing real estate.

On 28 May 2024, SABR Industries Holdings Ltd acquired 100% of the share capital of SABR Industries Ltd under a share for share exchange from its director Mr B J Nicholls.

6

Debtors

2024
£

Prepayments

8,355

8,355

 

SABR Industries Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 15 August 2023 to 31 August 2024 (continued)

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

11

430,846

Taxation and social security

 

463

Accruals and deferred income

 

23,477

Other creditors

 

26

 

454,812

Creditors: amounts falling due after more than one year

Note

2024
£

Due after one year

 

Loans and borrowings

10

1,401,115

Creditors include loan not repayable by instalments of £1,401,115 due after more than five years.

8

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary of £1 each

200

200

   

100 £1 shares were issued for incorporation purposes. A further 100 £1 shares were issued on 28 May 2024 when a share for share exchange took place with its subsidiary.

9

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

 

SABR Industries Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 15 August 2023 to 31 August 2024 (continued)

10

Loans and borrowings

Non-current loans and borrowings

2024
£

Other borrowings

1,401,115

11

Related party transactions

Transactions with directors

2024

At 15 August 2023
£

Advances to director
£

Repayments by director
£

At 31 August 2024
£

Directors

-

200

(225)

(25)