Saber Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10344128 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2020

for

Saber Properties Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

R J Tinniswood

B Tinniswood

REGISTERED OFFICE:

Unit 1004

Wingates Industrial Estate

Westhoughton

Bolton

BL5 3XU

REGISTERED NUMBER:

10344128 (England and Wales)

ACCOUNTANTS:

Haines Watts

Chartered Accountants

Milton House

Gatehouse Road

Aylesbury

Buckinghamshire

HP19 8EA

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Saber Properties Limited for the year ended 31 December 2020 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Saber Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Saber Properties Limited and state those matters that we have agreed to state to the Board of Directors of Saber Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Saber Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Saber Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Saber Properties Limited. You consider that Saber Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Saber Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Haines Watts

Chartered Accountants

Milton House

Gatehouse Road

Aylesbury

Buckinghamshire

HP19 8EA

30 April 2021

FIXED ASSETS

Tangible assets

4

1,603,928

1,603,820

CURRENT ASSETS

Cash at bank

18,715

2,378

CREDITORS

Amounts falling due within one year

5

545,077

419,167

NET CURRENT LIABILITIES

(526,362

)

(416,789

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,077,566

1,187,031

CREDITORS

Amounts falling due after more than one
year

6

954,433

1,086,138

NET ASSETS

123,133

100,893

RESERVES

Retained earnings

123,133

100,893

123,133

100,893

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2021 and were signed on its behalf by:

B Tinniswood - Director

1.	STATUTORY INFORMATION

Saber Properties 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.

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.

The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. In particular, in response to the COVID-19 pandemic, the Directors have tested their cash flow analysis to take into account the impact on their business of possible scenarios brought on by the impact of COVID-19, alongside the measures that they can take to mitigate the impact. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 January 2020

1,592,540

14,571

1,607,111

Additions

3,751

-

3,751

At 31 December 2020

1,596,291

14,571

1,610,862

DEPRECIATION

At 1 January 2020

-

3,291

Charge for year

-

3,643

At 31 December 2020

-

6,934

NET BOOK VALUE

At 31 December 2020

1,596,291

7,637

1,603,928

At 31 December 2019

1,592,540

11,280

1,603,820

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

Bank loans and overdrafts

104,990

-

Payments on account

3,250

-

Trade creditors

962

1,803

Amounts owed to associates

402,881

Taxation and social security

7,610

14,483

Other creditors

25,384

-

545,077

419,167

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.20

31.12.19

£

Bank loans

954,433

1,086,138

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

570,566

1,086,138

Saber Properties Limited - Accounts to registrar (filleted) - small 18.2

Saber Properties Limited - Accounts to registrar (filleted) - small 18.2