Sabre Holdings (UK) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00437980 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

SABRE HOLDINGS (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr S R Buckley

Mrs D M K Buckley

Mr E F Buckley

REGISTERED OFFICE:

Golf Road,

Moss Lane,

Hale,

Altrincham,

Cheshire

WA15 8AH

REGISTERED NUMBER:

00437980 (England and Wales)

AUDITORS:

Hale Financial Limited

Chartered Accountants

Registered Auditors

Spring Court

Spring Road

Hale

Altrincham

Cheshire

WA14 2UQ

FIXED ASSETS

Tangible assets

4

226,992

236,356

Investments

5

1,198,926

1,198,926

1,425,918

1,435,282

CURRENT ASSETS

Debtors

6

193,192

654,259

Cash at bank

157,797

-

350,989

654,259

CREDITORS

Amounts falling due within one year

7

288,923

416,551

NET CURRENT ASSETS

62,066

237,708

TOTAL ASSETS LESS CURRENT LIABILITIES

1,487,984

1,672,990

CAPITAL AND RESERVES

Called up share capital

9

152,995

152,995

Capital redemption reserve

10

162,105

162,105

Retained earnings

10

1,172,884

1,357,890

SHAREHOLDERS' FUNDS

1,487,984

1,672,990

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 September 2018 and were signed on its behalf by:

Mr E F Buckley - Director

1.	STATUTORY INFORMATION

Sabre Holdings (UK) 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.

Turnover

Turnover represents management charges receivable from the company's subsidiaries in the year to which they

relate.

Tangible fixed assets

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

Freehold land

-

Nil due to nominal value

Buildings

-

2% on cost

Motor vehicles

-

20% on cost

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.

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 2 (2016 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Motor

land

Buildings

vehicles

Totals

£

£

£

£

COST

At 1 January 2017

and 31 December 2017

47,568

554,727

2,000

604,295

DEPRECIATION

At 1 January 2017

-

367,939

-

367,939

Charge for year

-

9,364

-

9,364

At 31 December 2017

-

377,303

-

377,303

NET BOOK VALUE

At 31 December 2017

47,568

177,424

2,000

226,992

At 31 December 2016

47,568

186,788

2,000

236,356

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2017

and 31 December 2017

1,198,926

NET BOOK VALUE

At 31 December 2017

1,198,926

At 31 December 2016

1,198,926

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

NASCOL Limited (previously known as A F Whiteley & Company Limited)

Registered office: Golf Road, Moss Lane, Hale, Altrincham, Cheshire, WA15 8AH

Nature of business: Manufacture and repair of industrial blades

%

Class of shares:

holding

Ordinary

100.00

Sabre Instrument Valves Limited

Registered office: Golf Road, Moss Lane, Hale, Altrincham, Cheshire, WA15 8AH

Nature of business: Manufacture of pressure valves and manifolds

%

Class of shares:

holding

Ordinary

100.00

Blackfriars Limited

Registered office: Golf Road, Moss Lane, Hale, Altrincham, Cheshire, WA15 8AH

Nature of business: Manufacture of shredding machines

%

Class of shares:

holding

Ordinary

100.00

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

as restated

£

£

Due from group undertakings

191,466

641,860

Other debtors

-

9,599

Prepayments

1,726

2,800

193,192

654,259

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

as restated

£

£

Bank loans and overdrafts

-

174,266

Social security and other taxes

2,141

4,187

Due to group undertakings

263,700

216,944

Accruals

23,082

21,154

288,923

416,551

8.	SECURED DEBTS

The Royal Bank of Scotland holds a debenture and first legal charge over the Golf Road property and its

associated assets dated 12 June 2006.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.17

31.12.16

value:

as restated

£

£

152,995

Ordinary

£1

152,995

152,995

10.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 January 2017

1,607,890

162,105

1,769,995

Prior year adjustment

(250,000

)

(250,000

)

1,357,890

1,519,995

Deficit for the year

(185,006

)

(185,006

)

At 31 December 2017

1,172,884

162,105

1,334,989

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

The Report of the Auditors was unqualified.

ANTHONY KNOWLES (Senior Statutory Auditor)

for and on behalf of Hale Financial Limited

12.	OTHER FINANCIAL COMMITMENTS

The company is party to a guarantee securing the bank overdrafts of the other group companies. At 31st

December 2017, net group borrowings amounted to £287,156 (2016 : £285,618).

13.	RELATED PARTY DISCLOSURES

During the year ended 31st December 2017 the company received management charges of £105,000 (2016 :

£111,666) 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.