Sabermine Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 15426976

Sabermine Ltd

Filleted Unaudited Financial Statements

30 June 2024

Sabermine Ltd

Statement of Financial Position

30 June 2024

	30 Jun 24
Note	£

Fixed assets

Tangible assets	5	1,102

Current assets

Debtors	6	269,655
Cash at bank and in hand		460,106
		---------
		729,761

Creditors: amounts falling due within one year	7	262,812
		---------
Net current assets		466,949
		---------
Total assets less current liabilities		468,051

Provisions	276
	---------
Net assets	467,775
	---------

Capital and reserves

Called up share capital	10
Profit and loss account	467,765
	---------
Members' funds	467,775
	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 30 June 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 financial statements for the period in question in accordance with section 476 ;

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

Sabermine Ltd

Statement of Financial Position (continued)

30 June 2024

These financial statements were approved by the board of directors and authorised for issue on 8 October 2025 , and are signed on behalf of the board by:

J H Lenski	M L Shephard
Director	Director

Company registration number: 15426976

Sabermine Ltd

Notes to the Financial Statements

Period from 19 January 2024 to 30 June 2024

1. Statutory information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sabermine Cubo, No1 Spinningfields, Hardman Square, Manchester, England, M3 3EB.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

(b) Revenue recognition

Turnover is measured at the fair value of consideration received or receivable for services rendered, net of discounts and Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

(c) Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

(d) Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

(e) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

(f) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Computer equipment	-	33% straight line

(g) Impairment of fixed assets

A review of indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

(h) Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

(i) Defined contribution pension plans

Contributions to the defined contribution pension plan are recognised as an expense in the period in which the related service is provided.

(j) Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a 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.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 2 .

5. Tangible assets

	Computer equipment	Total
	£	£
Cost
At 19 January 2024	–	–
Additions	1,134	1,134
	-------	-------
At 30 June 2024	1,134	1,134
	-------	-------
Depreciation
At 19 January 2024	–	–
Charge for the period	32	32
	-------	-------
At 30 June 2024	32	32
	-------	-------
Carrying amount
At 30 June 2024	1,102	1,102
	-------	-------

6. Debtors

	30 Jun 24
	£
Trade debtors	170,158
Prepayments and accrued income	94,208
Directors loan account	9
Other debtors	5,280
	---------
	269,655
	---------

7. Creditors: amounts falling due within one year

	30 Jun 24
	£
Trade creditors	3,075
Corporation tax	155,893
Social security and other taxes	98,367
Other creditors	5,477
	---------
	262,812
	---------

8. Directors' advances, credits and guarantees

During the period the directors entered into the following advances and credits with the company:

	30 Jun 24
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
J H Lenski	–	5	–	5
M L Shephard	–	5	( 1)	4
	----	----	----	----
	–	10	( 1)	9
	----	----	----	----

9. Related party transactions

J H Lenski is a related party by virtue of his directorship of and shareholding in the company. M L Shephard is also a related party by virtue of his directorship of and shareholding in the company. During the year, J H Lenski operated a director's loan account with the company such that, at the period end, J H Lenski owed the company the sum of £5. This loan was unsecured, interest free and repayable on demand. During the year, M L Shephard operated a director's loan account with the company such that, at the period end, M L Shephard owed the company the sum of £4. This loan was unsecured, interest free and repayable on demand.