Sabreleague Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 02119016 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

Sabreleague Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

C D Schlaff

M Schlaff

M Schlaff

S S Schlaff

R Schlaff

M Y Breisch

A C Margulies

C M Margulies

Y Steinwurzel

SECRETARY:

Z I F Schlaff

REGISTERED OFFICE:

10-14 Accommodation Road

Golders Green

London

NW11 8ED

REGISTERED NUMBER:

02119016 (England and Wales)

ACCOUNTANTS:

Grunberg & Co Limited

Chartered Accountants

10-14 Accommodation Road

Golders Green

London

NW11 8ED

FIXED ASSETS

Tangible assets

2

1,487

1,883

Investments

3

1,199

1,199

Investment property

4

5,594,107

5,594,107

5,596,793

5,597,189

CURRENT ASSETS

Debtors

9,045,520

9,797,161

Cash at bank

115,995

180,940

9,161,515

9,978,101

CREDITORS

Amounts falling due within one year

7,798,170

5,836,323

NET CURRENT ASSETS

1,363,345

4,141,778

TOTAL ASSETS LESS CURRENT LIABILITIES

6,960,138

9,738,967

CREDITORS

Amounts falling due after more than one year

1,620,462

4,586,997

NET ASSETS

5,339,676

5,151,970

CAPITAL AND RESERVES

Called up share capital

5

48

48

Profit and loss account

5,339,628

5,151,922

SHAREHOLDERS' FUNDS

5,339,676

5,151,970

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 17 February 2016 and were signed on its behalf by:

C D Schlaff - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Preparation of consolidated financial statements

The financial statements contain information about Sabreleague Limited as an individual company and do not

contain consolidated financial information as the parent of a group. The company has taken the option under

Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents rent receivable and is recognised on a calendar basis.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Office equipment

-

25% on reducing balance

Investment property

Investment properties are included in the balance sheet at historical cost, which is not in accordance with

Financial Reporting Standards for Smaller Entities, which requires such properties to be stated at their open

market value. The directors are of the opinion that there is no material difference between historical cost and the

market value.

Deferred tax

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by

the balance sheet date except that:

- deferred tax is not recognised on timing differences arising on any revalued properties unless the company has

entered into a binding sale agreement and is not proposing to take advantage of rollover relief; and

- the recognition of deferred tax assets is limited to the extent that the company anticipates to make sufficient

taxable profits in the future to absorb the reversal of the underlying timing differences.

Deferred tax balances are not discounted.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

23,192

DEPRECIATION

At 1 April 2014

21,309

Charge for year

396

At 31 March 2015

21,705

NET BOOK VALUE

At 31 March 2015

1,487

At 31 March 2014

1,883

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2014

and 31 March 2015

1,199

NET BOOK VALUE

At 31 March 2015

1,199

At 31 March 2014

1,199

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Grangeworld Limited

Nature of business: Property investment

%

Class of shares:

holding

Ordinary

100.00

31.3.15

31.3.14

£

£

Aggregate capital and reserves

-

4,532,569

Profit for the year

-

604,406

Jeywood Properties Limited

Nature of business: Property investment

%

Class of shares:

holding

Ordinary

100.00

31.3.15

31.3.14

£

£

Aggregate capital and reserves

-

400,658

Profit for the year

-

106,831

Transline Properties Limited

Nature of business: Property investment

%

Class of shares:

holding

Ordinary

100.00

31.3.15

31.3.14

£

£

Aggregate capital and reserves

-

865,361

Profit for the year

-

227,448

4.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2014

and 31 March 2015

5,594,107

NET BOOK VALUE

At 31 March 2015

5,594,107

At 31 March 2014

5,594,107

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

48

Ordinary

1

48

48