REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 March 2023 |
for |
Skye High Property Group Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 March 2023 |
for |
Skye High Property Group Limited |
Skye High Property Group Limited (Registered number: 11227438) |
Contents of the Financial Statements |
for the year ended 31 March 2023 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Skye High Property Group Limited |
Company Information |
for the year ended 31 March 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
1st Floor, Cromwell House |
14 Fulwood Place |
London |
WC1V 6HZ |
Skye High Property Group Limited (Registered number: 11227438) |
Abridged Balance Sheet |
31 March 2023 |
31.3.23 | 31.3.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 5 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 7 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The directors acknowledge their 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. |
Skye High Property Group Limited (Registered number: 11227438) |
Abridged Balance Sheet - continued |
31 March 2023 |
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 |
Skye High Property Group Limited (Registered number: 11227438) |
Notes to the Financial Statements |
for the year ended 31 March 2023 |
1. | STATUTORY INFORMATION |
Skye High Property Group Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
At 31st March 2020 the company was dependent upon financial support by related companies to fund its deficit. The directors confirm that this financial support will continue for at least twelve months following the approval date of these accounts and they therefore consider it appropriate to prepare them on the going concern basis. |
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 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Skye High Property Group Limited (Registered number: 11227438) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2023 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 April 2022 |
Revaluations | 5,000 |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
Fair value at 31 March 2023 is represented by: |
£ |
Valuation in 2020 | 375,000 |
Valuation in 2023 | 5,000 |
380,000 |
The company's investment property is included at the directors' own valuation.. |
5. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
31.3.23 | 31.3.22 |
£ | £ |
Repayable otherwise than by instalments |
Other loans more 5yrs non-inst |
6. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.3.23 | 31.3.22 |
£ | £ |
Other loans |
The loan above is secured by a fixed charge on the company's investment property. |
7. | RESERVES |
Revaluation |
reserve |
£ |
At 1 April 2022 |
Investment property revalued | 5,000 |
At 31 March 2023 |
Skye High Property Group Limited (Registered number: 11227438) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2023 |
8. | RELATED PARTY DISCLOSURES |
Included in other creditors are an amount of £61,218 due to J H Digital Limited, a company controlled by Mr J Hastings, and an amount of £85,140 due to Victoria Jane Assists Limited, a company controlled by Ms V Viner. Both Mr Hastings and Ms Viner are directors of Skye High Property Group Limited.. |
9. | ULTIMATE CONTROLLING PARTY |
There is no single ultimate controlling party. |