Sabre Holdings (UK) Limited - Accounts to registrar (filleted) - small 18.2
Sabre Holdings (UK) Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019 |
FOR |
SABRE HOLDINGS (UK) LIMITED |
SABRE HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 00437980) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 December 2019 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
SABRE HOLDINGS (UK) LIMITED |
COMPANY INFORMATION |
for the Year Ended 31 December 2019 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants |
Registered Auditors |
Spring Court |
Spring Road |
Hale |
Altrincham |
Cheshire |
WA14 2UQ |
SABRE HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 00437980) |
BALANCE SHEET |
31 December 2019 |
31.12.19 | 31.12.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Capital redemption reserve | 10 |
Retained earnings | 10 |
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 HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 00437980) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 December 2019 |
1. | STATUTORY INFORMATION |
Sabre Holdings (UK) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents management charges receivable from the company's subsidiaries in the year to which they relate. |
Tangible fixed assets |
Freehold land | - |
Buildings | - |
Motor vehicles | - |
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. |
Investments in subsidiary undertakings |
Investments in subsidiary undertakings are held at cost less any provision for impairment. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
SABRE HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 00437980) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 December 2019 |
4. | TANGIBLE FIXED ASSETS |
Freehold | Motor |
land | Buildings | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 1 January 2019 |
and 31 December 2019 |
DEPRECIATION |
At 1 January 2019 |
Charge for year |
At 31 December 2019 |
NET BOOK VALUE |
At 31 December 2019 |
At 31 December 2018 |
5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 January 2019 |
and 31 December 2019 |
NET BOOK VALUE |
At 31 December 2019 |
At 31 December 2018 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: Golf Road, Moss Lane, Hale, Altrincham, Cheshire, WA15 8AH |
Nature of business: |
% |
Class of shares: | holding |
Registered office: Golf Road, Moss Lane, Hale, Altrincham, Cheshire, WA15 8AH |
Nature of business: |
% |
Class of shares: | holding |
SABRE HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 00437980) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 December 2019 |
5. | FIXED ASSET INVESTMENTS - continued |
Registered office: Golf Road, Moss Lane, Hale, Altrincham, Cheshire, WA15 8AH |
Nature of business: |
% |
Class of shares: | holding |
Registered office: Golf Road, Moss Lane, Hale, Altrincham, WA15 8AH |
Nature of business: |
% |
Class of shares: | holding |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.19 | 31.12.18 |
£ | £ |
Due from group undertakings |
Other debtors | 3,300 | - |
Prepayments |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.19 | 31.12.18 |
£ | £ |
Social security and other taxes |
Due to group undertakings | 804,700 | 479,400 |
Other creditors | 1 | 1 |
Accruals | 24,616 | 20,425 |
Directors' current accounts | 50,000 | - |
8. | SECURED DEBTS |
National Westminster Bank holds a debenture dated 23rd November 2001 and legal charges over the company's Golf Road property and its associated assets dated 5th September 2006 and 20th April 2007. |
Secure Trust Bank plc holds a charge dated 31st October 2017 over the company's Golf Road property and its associated assets.. |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.19 | 31.12.18 |
value: | £ | £ |
Ordinary | £1 | 152,995 | 152,995 |
SABRE HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 00437980) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 December 2019 |
10. | RESERVES |
Capital |
Retained | redemption |
earnings | reserve | Totals |
£ | £ | £ |
At 1 January 2019 | 1,339,690 |
Deficit for the year | ( |
) | ( |
) |
At 31 December 2019 | 1,110,657 |
11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
12. | OTHER FINANCIAL COMMITMENTS |
The company is party to a guarantee securing the bank overdrafts of the other group companies. At 31st December 2019, net group borrowings amounted to £85,727 (2018 : £246,658). |
13. | RELATED PARTY DISCLOSURES |
During the year ended 31st December 2019 the company received management charges of £50,000 (2018 : £280,000) from its subsidiary companies. |
The amounts owed from and to fellow group companies have been disclosed under debtors and creditors in the notes to the financial statements. |