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Registration number: 15596088

Saba Ltd

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Period from 26 March 2024 to 31 March 2025

 

Saba Ltd

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 4

 

Saba Ltd

(Registration number: 15596088)
Abridged Balance Sheet as at 31 March 2025

Note

2025
£

Fixed assets

 

Investments

4

40

Current assets

 

Debtors

70

Cash at bank and in hand

 

12,929

 

12,999

Creditors: Amounts falling due within one year

(2,467)

Net current assets

 

10,532

Net assets

 

10,572

Capital and reserves

 

Called up share capital

100

Profit and loss account

10,472

Total equity

 

10,572

For the financial period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 31 May 2025 and signed on its behalf by:
 

Mr R D Hoile

Director

Mrs D M Hoile

Director

 

Saba Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 26 March 2024 to 31 March 2025

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:
Old Farm Barn
Silkstead Lane
Winchester
SO21 2LG

These financial statements were authorised for issue by the Board on 31 May 2025.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Disclosure of long or short period

These accounts have been prepared for a period of longer than one year as this is the first year of trading post incorporation.

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 sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred 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 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.

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 income 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.

 

Saba Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 26 March 2024 to 31 March 2025

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 where the fair value can be measured reliably are initally measured at fair value, with changes in fair value recognised in the profit or loss account. Investments in equity shares where fair value cannot be measured reliably are measured at cost less impairment. The fair value used for listed equity shares and bonds is the closing market price at the balance sheet date.

3

Staff numbers

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

4

Investments

Total
£

Cost or valuation

Additions

40

Carrying amount

At 31 March 2025

40

5

Related party transactions

Advances to directors


Mr R D Hoile

During the period Mr R D Hoile went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £40. At the year end the amount outstanding from Mr R D Hoile was £10. Interest has been charged at the commercial rate.


Mrs D M Hoile

During the period Mrs D M Hoile went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £40. At the year end the amount outstanding from Mrs D M Hoile was £40. Interest has been charged at the commercial rate.

 

Saba Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 26 March 2024 to 31 March 2025

Summary of transactions with other related parties


Ms G and Mr R Hoile

 
During the period Ms G Hoile and Mr R Hoile went overdrawn on their shareholder loan accounts. The maximum overdrawn balance during the year was £10 in each account. At the year end the amount outstanding from Ms G Hoile and Mr R Hoile was £10. Interest has been charged at the commercial rate.