Sabre Group Limited - Accounts to registrar - small 17.1

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

SABRE GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J A Freeman

T D Freeman

P A Freeman

A J Freeman

SECRETARY:

P A Freeman

REGISTERED OFFICE:

3/11 Witney Road

Poole

Dorset

BH17 0GJ

REGISTERED NUMBER:

02008384 (England and Wales)

AUDITORS:

Schofields

Chartered Accountants and Statutory Auditors

6th Floor

Dean Park House

Dean Park Crescent

Bournemouth

Dorset

BH1 1HP

FIXED ASSETS

Tangible assets

4

275,438

288,145

Investments

5

100

100

Investment property

6

25,460,000

20,121,648

25,735,538

20,409,893

CURRENT ASSETS

Stocks

52,549

52,549

Debtors

7

165,831

650,238

Cash at bank

489,981

473,703

708,361

1,176,490

CREDITORS

Amounts falling due within one year

8

2,274,179

1,468,892

NET CURRENT LIABILITIES

(1,565,818

)

(292,402

)

TOTAL ASSETS LESS CURRENT LIABILITIES

24,169,720

20,117,491

CREDITORS

Amounts falling due after more than one year

9

(5,213,740

)

(5,827,633

)

PROVISIONS FOR LIABILITIES

(318,114

)

(307,245

)

NET ASSETS

18,637,866

13,982,613

CAPITAL AND RESERVES

Called up share capital

1,801,000

1,801,000

Non-distributable revaluation reserve

4,278,776

1,006,023

Retained earnings

12,558,090

11,175,590

SHAREHOLDERS' FUNDS

18,637,866

13,982,613

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 27 April 2017 and were signed on its behalf by:

P A Freeman - Director

A J Freeman - Director

1.	STATUTORY INFORMATION

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

Preparation of consolidated financial statements

The financial statements contain information about Sabre Group 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 the amount derived from rental income and related trading activities after value added tax.

Tangible fixed assets

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

Land and buildings

-

Straight line on buildings over 50 years

Plant and machinery etc

-

33% on cost, 20% on cost and 20% on reducing balance

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2016

and 31 December 2016

307,235

202,845

510,080

DEPRECIATION

At 1 January 2016

65,839

156,096

221,935

Charge for year

4,102

8,605

12,707

At 31 December 2016

69,941

164,701

234,642

NET BOOK VALUE

At 31 December 2016

237,294

38,144

275,438

At 31 December 2015

241,396

46,749

288,145

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2016

and 31 December 2016

100

NET BOOK VALUE

At 31 December 2016

100

At 31 December 2015

100

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2016

20,121,648

Additions

1,393,241

Revaluations

3,945,111

At 31 December 2016

25,460,000

NET BOOK VALUE

At 31 December 2016

25,460,000

At 31 December 2015

20,121,648

Cost or valuation at 31 December 2016 is represented by:

£

Valuation in 2016

25,460,000

If investment property had not been revalued it would have been included at the following historical cost:

2016

2015

£

£

Cost

22,538,612

21,145,371

Investment property was valued on a fair value basis on 31 December 2016 by the directors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

42,371

462,413

Other debtors

123,460

187,825

165,831

650,238

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Bank loans and overdrafts

404,672

394,628

Trade creditors

92,396

162,723

Taxation and social security

373,639

228,229

Other creditors

1,403,472

683,312

2,274,179

1,468,892

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Bank loans

2,815,005

3,220,531

Other creditors

2,398,735

2,607,102

5,213,740

5,827,633

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

1,104,980

1,550,741

Other loans

2,262,703

-

3,367,683

1,550,741

10.	SECURED DEBTS

The following secured debts are included within creditors:

2016

2015

£

£

Bank loans

3,219,677

3,615,159

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

P J Schofield FCA (Senior Statutory Auditor)

for and on behalf of Schofields

12.	RENTAL DEPOSITS

Rental deposits received from tenants are held in solicitors designated accounts, and therefore, are not reported in the balance

sheet.