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REGISTERED NUMBER: 10973707 (England and Wales)




















Financial Statements

for the Year Ended 30 September 2023

for

SKYBRIDGE PROPERTIES LIMITED

SKYBRIDGE PROPERTIES LIMITED (REGISTERED NUMBER: 10973707)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SKYBRIDGE PROPERTIES LIMITED

Company Information
for the Year Ended 30 September 2023







DIRECTORS: Ms T Zhang
H Lui





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
TW12 2AL





REGISTERED NUMBER: 10973707 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

SKYBRIDGE PROPERTIES LIMITED (REGISTERED NUMBER: 10973707)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 154 2,870
Investments 6 100,000 100,000
Investment property 7 660,552 1,207,985
760,706 1,310,855

CURRENT ASSETS
Debtors 8 5,053 5,466
Cash at bank 28,963 14,065
34,016 19,531
CREDITORS
Amounts falling due within one year 9 (1,116,476 ) (1,303,047 )
NET CURRENT LIABILITIES (1,082,460 ) (1,283,516 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(321,754

)

27,339

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (321,854 ) 27,239
SHAREHOLDERS' FUNDS (321,754 ) 27,339

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

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.

SKYBRIDGE PROPERTIES LIMITED (REGISTERED NUMBER: 10973707)

Balance Sheet - continued
30 September 2023


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 Board of Directors and authorised for issue on 9 April 2024 and were signed on its behalf by:





H Lui - Director


SKYBRIDGE PROPERTIES LIMITED (REGISTERED NUMBER: 10973707)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Skybridge Properties 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 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.

Turnover
Turnover represents rental income from investment property.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Know How are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - Straight line over 3 years
Computer equipment - Straight line over 3 years

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 2 (2022 - 2 ) .

SKYBRIDGE PROPERTIES LIMITED (REGISTERED NUMBER: 10973707)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2022
and 30 September 2023 22,657
AMORTISATION
At 1 October 2022
and 30 September 2023 22,657
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2022 20,639 1,675 22,314
Additions - 231 231
Disposals (6,580 ) - (6,580 )
At 30 September 2023 14,059 1,906 15,965
DEPRECIATION
At 1 October 2022 18,221 1,223 19,444
Charge for year 225 529 754
Eliminated on disposal (4,387 ) - (4,387 )
At 30 September 2023 14,059 1,752 15,811
NET BOOK VALUE
At 30 September 2023 - 154 154
At 30 September 2022 2,418 452 2,870

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
30.9.23 30.9.22
£    £   
Bonds 100,000 100,000

SKYBRIDGE PROPERTIES LIMITED (REGISTERED NUMBER: 10973707)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022 1,207,985
Additions 7,824
Disposals (555,257 )
At 30 September 2023 660,552
NET BOOK VALUE
At 30 September 2023 660,552
At 30 September 2022 1,207,985

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Other debtors 5,053 5,466

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 2,533 3,711
Taxation and social security 7,340 11,692
Other creditors 1,106,603 1,287,644
1,116,476 1,303,047

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
100 Ordinary 1 100 100

11. GOING CONCERN

The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.