IRIS Accounts Production v23.2.0.158 12313607 director 1.12.21 30.11.22 30.11.22 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh123136072021-11-30123136072022-11-30123136072021-12-012022-11-30123136072020-11-30123136072020-12-012021-11-30123136072021-11-3012313607ns10:Originalns15:EnglandWales2021-12-012022-11-3012313607ns14:PoundSterlingns10:Original2021-12-012022-11-3012313607ns10:Originalns10:Director12021-12-012022-11-3012313607ns10:Original2021-12-012022-11-3012313607ns10:Original2022-11-3012313607ns10:Originalns10:PrivateLimitedCompanyLtd2021-12-012022-11-3012313607ns10:Originalns10:SmallEntities2021-12-012022-11-3012313607ns10:Originalns10:AuditExempt-NoAccountantsReport2021-12-012022-11-3012313607ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2021-12-012022-11-3012313607ns10:SmallCompaniesRegimeForAccountsns10:Original2021-12-012022-11-3012313607ns10:Originalns10:FullAccounts2021-12-012022-11-3012313607ns10:Originalns10:OrdinaryShareClass12021-12-012022-11-3012313607ns10:Original2021-11-3012313607ns10:Originalns5:CurrentFinancialInstruments2022-11-3012313607ns10:Originalns5:CurrentFinancialInstruments2021-11-3012313607ns10:Originalns5:Non-currentFinancialInstruments2022-11-3012313607ns10:Originalns5:Non-currentFinancialInstruments2021-11-3012313607ns5:ShareCapitalns10:Original2022-11-3012313607ns5:ShareCapitalns10:Original2021-11-3012313607ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-11-3012313607ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2021-11-3012313607ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-11-3012313607ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-11-3012313607ns10:Originalns10:RegisteredOffice2021-12-012022-11-3012313607ns10:Original2020-12-012021-11-3012313607ns10:Original2021-11-3012313607ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3012313607ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2021-11-3012313607ns5:Securedns10:Original2022-11-3012313607ns5:Securedns10:Original2021-11-3012313607ns10:Originalns10:OrdinaryShareClass12022-11-3012313607ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2021-11-30
REGISTERED NUMBER: 12313607 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2022

for

Blue Skye Homes Ltd

Blue Skye Homes Ltd (Registered number: 12313607)






Contents of the Financial Statements
for the Year Ended 30 November 2022




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Blue Skye Homes Ltd (Registered number: 12313607)

Statement of Financial Position
30 November 2022

30.11.22 30.11.21
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 91,000 90,000

CURRENT ASSETS
Debtors 5 150 5,550
Cash at bank 2,470 3,432
2,620 8,982
CREDITORS
Amounts falling due within one year 6 45,485 41,323
NET CURRENT LIABILITIES (42,865 ) (32,341 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,135

57,659

CREDITORS
Amounts falling due after more than
one year

7

(53,339

)

(53,296

)

PROVISIONS FOR LIABILITIES - (834 )
NET (LIABILITIES)/ASSETS (5,204 ) 3,529

Blue Skye Homes Ltd (Registered number: 12313607)

Statement of Financial Position - continued
30 November 2022

30.11.22 30.11.21
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 6,995 5,161
Retained earnings (12,299 ) (1,732 )
SHAREHOLDERS' FUNDS (5,204 ) 3,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 September 2023 and were signed by:





Ms Janine Small - Director


Blue Skye Homes Ltd (Registered number: 12313607)

Notes to the Financial Statements
for the Year Ended 30 November 2022

1. STATUTORY INFORMATION

Blue Skye Homes Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12313607

Registered office: 01 Meadlake Place
Thorpe Lea Road
Egham
Surrey
TW20 8HE

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the fair value of rent received or receivable from the investment properties,excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.


Blue Skye Homes Ltd (Registered number: 12313607)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern
The company has net liabilities of £5,204. The accounts have been prepared on a going concern basis as the director has confirmed that she will continue to provide financial support to the company for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2021 90,000
Revaluations 1,000
At 30 November 2022 91,000
NET BOOK VALUE
At 30 November 2022 91,000
At 30 November 2021 90,000

Investment property situated at 36 Pleasant Street, Pentre, CF41 7JA is under a charge from Lendinvest BTL Limited. The charge was created on 10 February 2021.

Blue Skye Homes Ltd (Registered number: 12313607)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

4. INVESTMENT PROPERTY - continued

Fair value at 30 November 2022 is represented by:
£   
Valuation in 2020 (9,005 )
Valuation in 2021 15,000
Valuation in 2022 1,000
Cost 84,005
91,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.22 30.11.21
£    £   
Other debtors 150 5,550

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.22 30.11.21
£    £   
Other creditors 45,485 41,323

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.22 30.11.21
£    £   
Bank loans 53,339 53,296

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.22 30.11.21
£    £   
Bank loans 53,339 53,296

The loan amounting to £53,339 is secured by the way of charge on the property situated at 36 Pleasant Street, Pentre, CF41 7JA (Disclosed as investment property). The charge was created in the name of Lendinvest BTL Limited on 10 February 2021.

Blue Skye Homes Ltd (Registered number: 12313607)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.22 30.11.21
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Fair
value
reserve
£   
At 1 December 2021 5,161
Transfer to/from reserves 1,834

At 30 November 2022 6,995

11. RELATED PARTY DISCLOSURES

The company owes £44,885 to its director, Ms Janine Small who is also a sole shareholder of the company as at accounting year end date.