| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| FOR |
| SABEL INVESTMENTS LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| FOR |
| SABEL INVESTMENTS LIMITED |
| SABEL INVESTMENTS LIMITED (REGISTERED NUMBER: 11182728) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Report of the Accountants | 7 |
| SABEL INVESTMENTS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Plaza 668 |
| Hitchin Road |
| Luton |
| Bedfordshire |
| LU2 7XH |
| SABEL INVESTMENTS LIMITED (REGISTERED NUMBER: 11182728) |
| BALANCE SHEET |
| 31 MARCH 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Investments | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium | 9 |
| Capital redemption reserve | 9 |
| Retained earnings | 9 |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| SABEL INVESTMENTS LIMITED (REGISTERED NUMBER: 11182728) |
| BALANCE SHEET - continued |
| 31 MARCH 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| SABEL INVESTMENTS LIMITED (REGISTERED NUMBER: 11182728) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 1. | STATUTORY INFORMATION |
| Sabel Investments Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Financial instruments |
| Publicly quoted shares are included at fair value with changes in fair value taken to the profit and loss account. |
| Other investments are also included at fair value with changes in fair value taken to the profit and loss account. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2024 - |
| SABEL INVESTMENTS LIMITED (REGISTERED NUMBER: 11182728) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 April 2024 |
| and 31 March 2025 |
| DEPRECIATION |
| At 1 April 2024 |
| and 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| 5. | FIXED ASSET INVESTMENTS |
| Listed | Unlisted |
| investments | investments | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 April 2024 | 22,005,752 |
| Additions | 1,050,745 |
| Disposals | ( |
) | ( |
) | (1,127,342 | ) |
| Revaluations | ( |
) | 1,221,582 |
| At 31 March 2025 | 23,150,737 |
| NET BOOK VALUE |
| At 31 March 2025 | 23,150,737 |
| At 31 March 2024 | 22,005,752 |
| Cost or valuation at 31 March 2025 is represented by: |
| Listed | Unlisted |
| investments | investments | Totals |
| £ | £ | £ |
| Valuation in 2019 | 4,343,197 | 10,636,279 | 14,979,476 |
| Valuation in 2020 | 968,890 | 1,469,009 | 2,437,899 |
| Valuation in 2021 | 1,654,360 | 1,554,343 | 3,208,703 |
| Valuation in 2022 | 849,922 | (593,901 | ) | 256,021 |
| Valuation in 2023 | 1,657,399 | (779,495 | ) | 877,904 |
| Valuation in 2024 | 2,079,100 | (1,833,351 | ) | 245,749 |
| Valuation in 2025 | 11,041 | 1,133,944 | 1,144,985 |
| 11,563,909 | 11,586,828 | 23,150,737 |
| Of the amount of revaluation of listed investments £34,744 (2024 £33,070) of the gain on revaluation relates to loan relationship items. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Other debtors |
| SABEL INVESTMENTS LIMITED (REGISTERED NUMBER: 11182728) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 7. | CURRENT ASSET INVESTMENTS |
| 2025 | 2024 |
| £ | £ |
| Cash deposits held |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Taxation and social security | ( |
) | ( |
) |
| Other creditors |
| 9. | RESERVES |
| Capital |
| Retained | Share | redemption |
| earnings | premium | reserve | Totals |
| £ | £ | £ | £ |
| At 1 April 2024 | 22,098,996 |
| Profit for the year |
| At 31 March 2025 | 23,268,379 |
| Reserves are divided into those which are distributable and those which are not. This division is: |
| Brought Forward | For the Year | Carried Forward |
| £ | £ | £ |
| Distributable reserves | 1,080,228 | (75,389 | ) | 1,004,839 |
| Undistributable reserves | 462,316 | 1,375,463 | 1,837,779 |
| Total reserves | 1,542,544 | 1,300,074 | 2,842,618 |
| SABEL INVESTMENTS LIMITED |
| REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF |
| SABEL INVESTMENTS LIMITED |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
| As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on pages three to eight and you consider that the company is exempt from an audit. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
| Chartered Accountants |
| Plaza 668 |
| Hitchin Road |
| Luton |
| Bedfordshire |
| LU2 7XH |