Sabel Investments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11182728 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

SABEL INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

Mrs I B Henry

Mrs S E Lunn

REGISTERED OFFICE:

Plaza 668

Hitchin Road

Luton

Bedfordshire

LU2 7XH

REGISTERED NUMBER:

11182728 (England and Wales)

ACCOUNTANTS:

Notts Limited

Chartered Accountants

Plaza 668

Hitchin Road

Luton

Bedfordshire

LU2 7XH

FIXED ASSETS

Tangible assets

4

695

-

Investments

5

17,417,375

14,979,476

17,418,070

14,979,476

CURRENT ASSETS

Investments

6

2,970,732

3,839,354

Cash at bank

87,347

74,048

3,058,079

3,913,402

CREDITORS

Amounts falling due within one year

7

30,090

14,100

NET CURRENT ASSETS

3,027,989

3,899,302

TOTAL ASSETS LESS CURRENT LIABILITIES

20,446,059

18,878,778

CAPITAL AND RESERVES

Called up share capital

11,939

11,939

Share premium

8

20,555,474

20,555,474

Retained earnings

8

(121,354

)

(1,688,635

)

20,446,059

18,878,778

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 December 2020 and were signed on its behalf by:

Mrs S E Lunn - Director

1.	STATUTORY INFORMATION

Sabel Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

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 2 (2019 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

758

At 31 March 2020

758

DEPRECIATION

Charge for year

63

At 31 March 2020

63

NET BOOK VALUE

At 31 March 2020

695

5.	FIXED ASSET INVESTMENTS

Listed

Unlisted

investments

investments

Totals

£

£

£

COST OR VALUATION

At 1 April 2019

4,343,197

10,636,279

14,979,476

Additions

2,907,088

64,831

2,971,919

Disposals

(1,998,750

)

(53,808

)

(2,052,558

)

Revaluations

60,552

1,457,986

1,518,538

At 31 March 2020

5,312,087

12,105,288

17,417,375

NET BOOK VALUE

At 31 March 2020

5,312,087

12,105,288

17,417,375

At 31 March 2019

4,343,197

10,636,279

14,979,476

Cost or valuation at 31 March 2020 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

5,312,087

12,105,288

17,417,375

6.	CURRENT ASSET INVESTMENTS

2020

2019

£

£

Cash deposits held

2,970,732

3,839,354

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Taxation and social security

6,356

-

Other creditors

23,734

14,100

30,090

14,100

8.

RESERVES

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

(61,961

)

109,295

47,334

Undistributable reserves

(1,626,674

)

1,457,986

(168,688

)

Total reserves

(1,688,635

)

1,567,281

(121,354

)

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 2020 set out on pages three to nine 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.

Notts Limited

Chartered Accountants

Plaza 668

Hitchin Road

Luton

Bedfordshire

LU2 7XH

11 December 2020