Registration number:
SABR Industries Ltd
for the Period from 1 October 2023 to 31 August 2024
SABR Industries Ltd
Contents
|
Statement of Financial Position |
|
|
Notes to the Unaudited Financial Statements |
SABR Industries Ltd
(Registration number: 14340226)
Statement of Financial Position as at 31 August 2024
|
Note |
2024 |
2023 |
|
|
Fixed assets |
|||
|
Investment property |
- |
|
|
|
Current assets |
|||
|
Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current liabilities |
( |
( |
|
|
Net liabilities |
( |
( |
|
|
Capital and reserves |
|||
|
Called up share capital |
1 |
1 |
|
|
Profit and loss account |
(8,723) |
(6,295) |
|
|
Shareholders' deficit |
(8,722) |
(6,294) |
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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
|
|
SABR Industries Ltd
Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 August 2024
|
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
Principal activity
The principal activity of the company is that of purchase, development and sale of land and real estate.
|
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.
The financial statements are prepared in sterling which is the functional currency of the entity.
Disclosure of long or short period
SABR Industries Ltd
Notes to the Unaudited Financial Statements for the Period from 1 October 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 holding company.
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. |
Investment property
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
Financial instruments
Recognition and measurement
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.
|
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
SABR Industries Ltd
Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 August 2024 (continued)
|
Investment properties |
|
2024 |
|
|
At 1 October |
|
|
Additions |
|
|
Disposals |
( |
|
At 31 August |
- |
There has been no valuation of investment property by an independent valuer.
The disposal of the investment property to the company's parent company, SABR Industries Holdings Ltd, has been made at cost value.
|
Debtors |
|
2024 |
2023 |
|
|
Amounts owed by related parties |
|
|
|
|
|
|
Creditors |
Creditors: amounts falling due within one year
|
2024 |
2023 |
|
|
Due within one year |
||
|
Accruals and deferred income |
|
|
|
Other creditors |
|
|
|
|
|
|
Reserves |
Profit and loss account:
This reserve records retained earnings and accumulated losses.
SABR Industries Ltd
Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 August 2024 (continued)
|
Related party transactions |
|
During the year the director entered into the following advances and credits with the company: |
|
2024 |
At 1 October 2023 |
Repayments by director |
At 31 August 2024 |
|
B J Nicholls |
|||
|
Directors Loan Account |
|
|
|
|
2023 |
At 6 September 2022 |
Advances from director |
At 30 September 2023 |
|
B J Nicholls |
|||
|
Directors Loan Account |
- |
|
|
|
Parent and ultimate parent undertaking |
The company's immediate parent is