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Company registration number: 11154414
Skyline Resorts Limited
Unaudited filleted financial statements
31 January 2023
Skyline Resorts Limited
Contents
Directors and other information
Accountants report
Balance sheet
Notes to the financial statements
Skyline Resorts Limited
Directors and other information
Director Mr B Duffield
Company number 11154414
Registered office 17 Central Buildings
Market Place
Thirsk
North Yorkshire
YO7 1HD
Accountants The Barker Partnership
17 Central Buildings
Market Place
Thirsk
North Yorkshire
YO7 1HD
Skyline Resorts Limited
Chartered accountants report to the director on the preparation of the
unaudited statutory financial statements of Skyline Resorts Limited
Year ended 31 January 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Skyline Resorts Limited for the year ended 31 January 2023 which comprise the Balance sheet and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the director of Skyline Resorts Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Skyline Resorts Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Skyline Resorts Limited and its director as a body for our work or for this report.
It is your duty to ensure that Skyline Resorts Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Skyline Resorts Limited. You consider that Skyline Resorts Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Skyline Resorts Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
The Barker Partnership
Charterd Accountants
17 Central Buildings
Market Place
Thirsk
North Yorkshire
YO7 1HD
13 October 2023
Skyline Resorts Limited
Balance sheet
31 January 2023
2023 2022
Note £ £ £ £
Fixed assets
Investments 5 150 50
_______ _______
150 50
Current assets
Stocks 6 100,000 -
Debtors 7 633,004 230,648
Investments 8 - 1
Cash at bank and in hand 69,446 300,644
_______ _______
802,450 531,293
Creditors: amounts falling due
within one year 9 ( 77,029) ( 138,002)
_______ _______
Net current assets 725,421 393,291
_______ _______
Total assets less current liabilities 725,571 393,341
_______ _______
Net assets 725,571 393,341
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 725,471 393,241
_______ _______
Shareholders funds 725,571 393,341
_______ _______
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 13 October 2023 , and are signed on behalf of the board by:
Mr B Duffield
Director
Company registration number: 11154414
Skyline Resorts Limited
Notes to the financial statements
Year ended 31 January 2023
1. General information
The company was incorporated on 17 January 2018 and is a private company limited by shares, registered in England and Wales. The address of the registered office is 17 Central Buildings, Market Place, Thirsk, North Yorkshire, YO7 1HD. The company is primarily a holding company, holding 50% of the share capital in Liberty Leisure Group Limited.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Group accounts
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less anyaccumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Investments
Shares in group undertakings and participating interests Total
£ £
Cost
At 1 February 2022 50 50
Additions 100 100
_______ _______
At 31 January 2023 150 150
_______ _______
Impairment
At 1 February 2022 and 31 January 2023 - -
_______ _______
Carrying amount
At 31 January 2023 150 150
_______ _______
At 31 January 2022 50 50
_______ _______
6. Stocks
2023 2022
£ £
Finished goods and goods for resale 100,000 -
_______ _______
7. Debtors
2023 2022
£ £
Other debtors 633,004 230,648
_______ _______
8. Investments
2023 2022
£ £
Investments in group undertakings - 1
_______ _______
9. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 30,938 30,469
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 50,000
Corporation tax 44,311 56,753
Other creditors 1,780 780
_______ _______
77,029 138,002
_______ _______
10. Related party transactions
At the year end date an amount of £136,789 (2022: £nil) was due to the company from Hawkridge Homes Limited, a subsidiary company.At the year end date an amount of £30,938 (2022: £30,469) was owed by the company to UK Holiday Homes Limited, a company associated with the director.At the year end date the director had an overdrawn loan account of £395,339 (2022: £174,074). Interest at a commercial rate was charged on this loan.