Company No:
Contents
| DIRECTORS | H R Seaborn |
| G Spinks |
| SECRETARY | T M West |
| REGISTERED OFFICE | 22 Chancery Lane |
| London | |
| WC2A 1LS | |
| United Kingdom |
| COMPANY NUMBER | 10744802 (England and Wales) |
The directors present their annual report and the unaudited financial statements of the company for the financial year ended 31 December 2024.
DIRECTORS
The directors, who served during the financial year and to the date of this report except as noted, were as follows:
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DIRECTORS' INDEMNITIES
Approved by the Board of Directors and signed on its behalf by:
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T M West
Secretary |
| 2024 | 2023 | |||
| £ | £ | |||
| Other non-operating loss | (
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| Loss before taxation | (
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| Tax on loss | (
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| Loss for the financial year | (
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| Retained deficit at the beginning of financial year | (
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| Loss for the financial year | (
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| Retained deficit at the end of financial year | (
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| Note | 2024 | 2023 | ||
| £ | £ | |||
| Fixed assets | ||||
| Investment property | 4 |
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| 0 | 50,000 | |||
| Current assets | ||||
| Debtors | 5 |
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| 0 | 1,321 | |||
| Creditors: amounts falling due within one year | 6 | (
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| Net current liabilities | (55,281) | (53,960) | ||
| Total assets less current liabilities | (55,281) | (3,960) | ||
| Net liabilities | (
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| Capital and reserves | ||||
| Called-up share capital |
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| Profit and loss account | (
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| Total shareholder's deficit | (
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Directors' responsibilities:
The financial statements of Sableknight Fleet (North) Limited (registered number:
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H R Seaborn
Director |
The principal accounting policies are summarised below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Sableknight Fleet (North) Limited (the Company) is a private company, limited by shares, incorporated in the UK under the Companies Act 2006 and is registered in England and Wales.
The address of the Company's registered office is 22 Chancery Lane, London, WC2A 1LS, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The parent company has agreed to provide such financial assistance as may be necessary to guarantee the solvency of the company for a period of not less than twelve months from the date that the financial statements are signed. Accordingly, the directors continue to adopt the going concern basis in preparing the annual report and accounts.
Tax is recognised in the statement of income and retained earnings.
Deferred tax
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Deferred tax is provided in respect of this valuation and is therefore subject to the same uncertainty. The carrying amount is £nil (2023-£1,321)
| 2024 | 2023 | ||
| Number | Number | ||
| Monthly average number of persons employed by the company during the year |
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| Investment property | |
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| Valuation | |
| As at 01 January 2024 |
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| Impairment loss | (50,000) |
| As at 31 December 2024 |
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Fair value is based on a valuation made by the directors and in their view the tunnels are considered to have a value of £nil.
| 2024 | 2023 | ||
| £ | £ | ||
| Deferred tax asset |
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| 2024 | 2023 | ||
| £ | £ | ||
| Amounts owed to related parties |
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| 2024 | 2023 | ||
| £ | £ | ||
| At the beginning of financial year |
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| Charged to the Statement of Income and Retained Earnings | (
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| At the end of financial year |
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The most senior parent entity producing publicly available consolidated financial statements is Sableknight Limited. These financial statements are publicly available from Companies House.
The address of Sableknight Limited is:
22 Chancery Lane
London
WC2A 1LS