Sabre Group Limited - Accounts to registrar (filleted) - small 18.2
Sabre Group Limited - Accounts to registrar (filleted) - small 18.2
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2021 |
| FOR |
| SABRE GROUP LIMITED |
| SABRE GROUP LIMITED (REGISTERED NUMBER: 02008384) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| For The Year Ended 31 December 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| SABRE GROUP LIMITED |
| COMPANY INFORMATION |
| For The Year Ended 31 December 2021 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants and Statutory Auditors |
| 5th Floor |
| Waverley House |
| 115 - 119 Holdenhurst Road |
| Bournemouth |
| Dorset |
| BH8 8DY |
| SABRE GROUP LIMITED (REGISTERED NUMBER: 02008384) |
| BALANCE SHEET |
| 31 December 2021 |
| 2021 | 2020 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 9 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | 11 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 12 |
| Non-distributable revaluation reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 |
| SABRE GROUP LIMITED (REGISTERED NUMBER: 02008384) |
| NOTES TO THE FINANCIAL STATEMENTS |
| For The Year Ended 31 December 2021 |
| 1. | STATUTORY INFORMATION |
| Sabre Group Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the amount derived from rental income and related trading activities excluding value added tax. |
| Tangible fixed assets |
| Freehold property | - |
| Equipment | - |
| Motor vehicles | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Investment property |
| Investment properties are revalued annually based on their fair value. Changes to fair value go through the income statement. Gains are not realised and as such are not subject to current tax and are regarded as non-distributable. Depreciation is not provided. |
| Stocks |
| Stocks and work in progress is valued at the lower of cost and net realisable value. |
| 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. |
| Research and development |
| Expenditure on research and development is written off in the year in which it is incurred. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| Derivative financial instruments |
| Derivative financial instruments are revalued annually based on their fair value. |
| SABRE GROUP LIMITED (REGISTERED NUMBER: 02008384) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 31 December 2021 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Freehold | Motor |
| property | Equipment | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 January 2021 |
| Disposals | ( |
) | ( |
) |
| At 31 December 2021 |
| DEPRECIATION |
| At 1 January 2021 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 December 2021 |
| NET BOOK VALUE |
| At 31 December 2021 |
| At 31 December 2020 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 January 2021 |
| and 31 December 2021 |
| NET BOOK VALUE |
| At 31 December 2021 |
| At 31 December 2020 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 January 2021 |
| Disposals | ( |
) |
| Revaluations | 2,493,000 |
| At 31 December 2021 |
| NET BOOK VALUE |
| At 31 December 2021 |
| At 31 December 2020 |
| Fair value at 31 December 2021 is represented by: |
| £ |
| Valuation in 2021 | 31,065,000 |
| SABRE GROUP LIMITED (REGISTERED NUMBER: 02008384) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 31 December 2021 |
| 6. | INVESTMENT PROPERTY - continued |
| If investment property had not been revalued it would have been included at the following historical cost: |
| 2021 | 2020 |
| £ | £ |
| Cost | 23,969,714 | 24,894,714 |
| Investment property was valued on a fair value basis on 31 December 2021 by the directors . |
| The valuation by the directors has been undertaken through property market research to include evidence on comparable sales and rental investment yields. |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Bank loans |
| Other creditors |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Other creditors after 5 years | 3,667,863 | 3,399,133 |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2021 | 2020 |
| £ | £ |
| Bank loans |
| Bank loans are secured by way of various fixed and floating charges over the company's investment property portfolio. |
| SABRE GROUP LIMITED (REGISTERED NUMBER: 02008384) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 31 December 2021 |
| 11. | PROVISIONS FOR LIABILITIES |
| The deferred tax provision is analysed as follows: |
| 2021 | 2020 |
| Accelerated capital allowances | 405,085 | 411,905 |
| Investment property revaluation | 220,219 | 38,171 |
| 625,304 | 450,076 |
| 12. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2021 | 2020 |
| value: | £ | £ |
| Ordinary | £1 | 1,801,000 | 1,801,000 |
| 13. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 14. | RENTAL DEPOSITS |
| Rental deposits received from tenants are held in solicitors designated accounts, and therefore, are not reported in the balance sheet. |