SABYAH LTD


Director	Mr. Abdullah Sabyah


Registered Address	32 Galena Road
	London
	W6 0LT


Registered Number	15345713 (England and Wales)

Balance Sheet as at
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investment property	3		2,305,829		527,500
			2,305,829		527,500
Current assets
Debtors	4	2,320		826,913
Cash at bank and on hand		6,751		-
		9,071		826,913
Creditors amounts falling due within one year	5	(2,287,505)		(1,346,961)
Net current assets (liabilities)			(2,278,434)		(520,048)
Total assets less current liabilities			27,395		7,452
Net assets			27,395		7,452
Capital and reserves
Called up share capital			1		1
Profit and loss account			27,394		7,451
Shareholders' funds			27,395		7,452

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 25 September 2026, and are signed on its behalf by:

Mr. Abdullah Sabyah
Director
Registered Company No. 15345713

SABYAH LTD

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	Sabyah Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 32 Galena Road, London, England, W6 0LT.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	After reviewing the company's forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Judgements and key sources of estimation uncertainty
	In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.

	Turnover policy
	Turnover comprises rental income from the company's investment property, stated exclusive of value added tax. Rental income is recognised on a straight-line basis over the term of the lease. Amounts received in advance of the period to which they relate are included in creditors as deferred income.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued by the director on an open market value basis.

	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 transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.

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 transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. 

	Share capital
	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Investment property
	The valuation of investment properties was made as at 31 December 2025 by the director on an open market value basis. No depreciation is provided in respect of these properties. On an historical cost basis these would have been included at an original cost of £2,305,829. Additions in the year comprise the acquisition of 10 Chesterfield Road from the director on 30 June 2025 for consideration of £1,596,827, together with stamp duty land tax of £178,950 and directly attributable legal costs of £2,552

Investment property

The valuation of investment properties was made as at 31 December 2025 by the director on an open market value basis. No depreciation is provided in respect of these properties. On an historical cost basis these would have been included at an original cost of £2,305,829.

Additions in the year comprise the acquisition of 10 Chesterfield Road from the director on 30 June 2025 for consideration of £1,596,827, together with stamp duty land tax of £178,950 and directly attributable legal costs of £2,552


		£
	Fair value at 01 January 25	527,500
	Additions	1,778,329
	At 31 December 25	2,305,829

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	2,320	-
Other debtors	-	826,913
Total	2,320	826,913

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	-	36
Taxation and social security	6,657	2,342
Other creditors	2,280,848	1,344,583
Total	2,287,505	1,346,961

6.	Related party transactions
	On 29 December 2025, under a deed of partial novation and set-off between the company, Sibie Ltd, Medetone Ltd and Rightangled Limited, the company assumed obligations of Sibie Ltd of £344,951 owed to Medetone Ltd and £4,707 owed to Rightangled Limited, with an equal reduction in the amount owed by the company to Sibie Ltd. On 30 June 2025 the company acquired an investment property from Mr Abdullah Sabyah, a director, for consideration of £1,596,827, settled by the release of the amount then due from the director of £826,913 with the balance funded through loans from group undertakings At 31 December 2025 the company owed £1,031,777 (2024: £1,321,434) to Sibie Ltd, its parent company, and £1,249,072 (2024: £22,154) to other group undertakings under common control. These loans are unsecured, interest free and repayable on demand. At 1 January 2025 the company was owed £826,913 by Mr Abdullah Sabyah, a director (2024: advances of £815,264 and interest of £11,499 charged at 2.25%). No interest was charged and no further advances were made during the year. The loan was repaid in full on 30 June 2025 by the transfer of the property referred to above (2025 closing balance: £nil). The parent company is Sibie Ltd, incorporated in England and Wales. The ultimate parent undertaking is Abdullah Mohamed SPEA Holding Co., incorporated in the Kingdom of Saudi Arabia, and the ultimate controlling party is Mr Abdullah Sabyah.

Related party transactions

On 29 December 2025, under a deed of partial novation and set-off between the company, Sibie Ltd, Medetone Ltd and Rightangled Limited, the company assumed obligations of Sibie Ltd of £344,951 owed to Medetone Ltd and £4,707 owed to Rightangled Limited, with an equal reduction in the amount owed by the company to Sibie Ltd.

On 30 June 2025 the company acquired an investment property from Mr Abdullah Sabyah, a director, for consideration of £1,596,827, settled by the release of the amount then due from the director of £826,913 with the balance funded through loans from group undertakings

At 31 December 2025 the company owed £1,031,777 (2024: £1,321,434) to Sibie Ltd, its parent company, and £1,249,072 (2024: £22,154) to other group undertakings under common control. These loans are unsecured, interest free and repayable on demand.

At 1 January 2025 the company was owed £826,913 by Mr Abdullah Sabyah, a director (2024: advances of £815,264 and interest of £11,499 charged at 2.25%). No interest was charged and no further advances were made during the year. The loan was repaid in full on 30 June 2025 by the transfer of the property referred to above (2025 closing balance: £nil).

The parent company is Sibie Ltd, incorporated in England and Wales. The ultimate parent undertaking is Abdullah Mohamed SPEA Holding Co., incorporated in the Kingdom of Saudi Arabia, and the ultimate controlling party is Mr Abdullah Sabyah.