1 December 2022 false No description of principal activity Taxfiler 2024.1 12993026business:PrivateLimitedCompanyLtd2022-12-012023-11-30 129930262022-11-30 129930262022-12-012023-11-30 12993026business:AuditExempt-NoAccountantsReport2022-12-012023-11-30 12993026business:FilletedAccounts2022-12-012023-11-30 129930262023-11-30 12993026business:Director12022-12-012023-11-30 12993026business:RegisteredOffice2022-12-012023-11-30 129930262022-11-30 12993026core:WithinOneYear2023-11-30 12993026core:WithinOneYear2022-11-30 12993026core:AfterOneYear2023-11-30 12993026core:AfterOneYear2022-11-30 12993026core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 12993026core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 12993026core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 12993026core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 12993026core:PreviouslyStatedAmount2023-11-30 12993026core:PreviouslyStatedAmount2022-11-30 12993026business:SmallEntities2022-12-012023-11-30 12993026countries:EnglandWales2022-12-012023-11-30 129930262021-12-012022-11-30 iso4217:GBP xbrli:pure
Company Registration No. 12993026 (England and Wales)
SKYWAVE PROPERTY INVESTMENT LTD Unaudited accounts for the year ended 30 November 2023
SKYWAVE PROPERTY INVESTMENT LTD Unaudited accounts Contents
Page
- 2 -
SKYWAVE PROPERTY INVESTMENT LTD Company Information for the year ended 30 November 2023
Director
Po Lun Li
Company Number
12993026 (England and Wales)
Registered Office
1 BAILEY CLOSE KIBWORTH HARCOURT LEICESTER LE8 0XG ENGLAND
- 3 -
SKYWAVE PROPERTY INVESTMENT LTD Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
234,000 
243,000 
Current assets
Cash at bank and in hand
5,016 
4,044 
Creditors: amounts falling due within one year
(57,401)
(51,364)
Net current liabilities
(52,385)
(47,320)
Total assets less current liabilities
181,615 
195,680 
Creditors: amounts falling due after more than one year
(149,018)
(155,050)
Provisions for liabilities
Deferred tax
(8,674)
(8,674)
Net assets
23,923 
31,956 
Capital and reserves
Called up share capital
12 
12 
Profit and loss account
23,911 
31,944 
Shareholders' funds
23,923 
31,956 
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 February 2024 and were signed on its behalf by
Po Lun Li Director Company Registration No. 12993026
- 4 -
SKYWAVE PROPERTY INVESTMENT LTD Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
SKYWAVE PROPERTY INVESTMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 12993026. The registered office is 1 BAILEY CLOSE, KIBWORTH HARCOURT, LEICESTER, LE8 0XG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Investment property
2023 
£ 
Fair value at 1 December 2022
243,000 
Net loss from fair value adjustments
(9,000)
At 30 November 2023
234,000 
- 5 -
SKYWAVE PROPERTY INVESTMENT LTD Notes to the Accounts for the year ended 30 November 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,031 
- 
Loans from directors
51,370 
50,572 
Accruals
- 
792 
57,401 
51,364 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
149,018 
155,050 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
- 6 -