2 2 SABR Industries Ltd 14340226 false 2023-10-01 2024-08-31 2024-08-31 The principal activity of the company is that of purchase, development and sale of land and real estate. Digita Accounts Production Advanced 6.30.9574.0 true true true 14340226 2023-10-01 2024-08-31 14340226 2024-08-31 14340226 bus:Director1 1 2024-08-31 14340226 core:CurrentFinancialInstruments 2024-08-31 14340226 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 14340226 bus:SmallEntities 2023-10-01 2024-08-31 14340226 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-08-31 14340226 bus:FilletedAccounts 2023-10-01 2024-08-31 14340226 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-08-31 14340226 bus:RegisteredOffice 2023-10-01 2024-08-31 14340226 bus:Director1 2023-10-01 2024-08-31 14340226 bus:Director1 1 2023-10-01 2024-08-31 14340226 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-08-31 14340226 1 2023-10-01 2024-08-31 14340226 1 2023-10-01 2024-08-31 14340226 countries:EnglandWales 2023-10-01 2024-08-31 14340226 2023-09-30 14340226 bus:Director1 1 2023-09-30 14340226 2022-09-06 2023-09-30 14340226 2023-09-30 14340226 bus:Director1 1 2023-09-30 14340226 core:CurrentFinancialInstruments 2023-09-30 14340226 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 14340226 bus:Director1 1 2022-09-06 2023-09-30 14340226 bus:Director1 1 2022-09-05 xbrli:pure iso4217:GBP

Registration number: 14340226

SABR Industries Ltd

Unaudited Filleted Financial Statements

for the Period from 1 October 2023 to 31 August 2024

 

SABR Industries Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 5

 

SABR Industries Ltd

(Registration number: 14340226)
Statement of Financial Position as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

-

414,277

Current assets

 

Debtors

5

430,846

11,450

Cash at bank and in hand

 

369

343

 

431,215

11,793

Creditors: Amounts falling due within one year

6

(439,937)

(432,364)

Net current liabilities

 

(8,722)

(420,571)

Net liabilities

 

(8,722)

(6,294)

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 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 Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 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 that of purchase, development and sale of land and real estate.

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.

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

Disclosure of long or short period

These accounts cover the 11 month period from 1 October 2023 to 31 August 2024. The previous period was from incorporation on 6 September 2022 to 30 September 2023. The year end has been changed in order to line up with another associated company.

 

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

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.

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
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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2023 - 2).

 

SABR Industries Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 August 2024 (continued)

4

Investment properties

2024
£

At 1 October

414,277

Additions

2,916

Disposals

(417,193)

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.

5

Debtors

2024
£

2023
£

Amounts owed by related parties

430,846

11,450

430,846

11,450

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

2,280

2,280

Other creditors

437,657

430,084

439,937

432,364

7

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)

8

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

430,084

7,573

437,657

       
     

 

2023

At 6 September 2022
£

Advances from director
£

At 30 September 2023
£

B J Nicholls

Directors Loan Account

-

430,084

430,084

9

Parent and ultimate parent undertaking

The company's immediate parent is SABR Industries Holdings Ltd, incorporated in England and Wales.

 

On 28 May 2024 the entire shareholding of SABR Industries Ltd was transferred to SABR Industries Holdings Ltd via a share for share exchange. The company's immediate parent is SABR Industries Holdings Ltd, a company incorporated in England and Wales. SABR Industries Holdings Ltd is wholly owned by the director, Mr B J Nicholls..