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Company Registration No. 11607085 (England and Wales)
SKY CAPITAL INVESTMENTS LTD Unaudited accounts for the year ended 31 October 2023
SKY CAPITAL INVESTMENTS LTD Unaudited accounts Contents
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SKY CAPITAL INVESTMENTS LTD Company Information for the year ended 31 October 2023
Director
Sabiha Hussain
Company Number
11607085 (England and Wales)
Registered Office
C/O CAPSHIRE UK LLP CASTLE COURT, 41 LONDON ROAD REIGATE RH2 9RJ ENGLAND
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SKY CAPITAL INVESTMENTS LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
690,437 
690,437 
Current assets
Debtors
6,000 
6,000 
Cash at bank and in hand
2,433 
88,988 
8,433 
94,988 
Creditors: amounts falling due within one year
(385,387)
(432,294)
Net current liabilities
(376,954)
(337,306)
Net assets
313,483 
353,131 
Capital and reserves
Called up share capital
1,000 
1,000 
Share premium
375,000 
375,000 
Profit and loss account
(62,517)
(22,869)
Shareholders' funds
313,483 
353,131 
For the year ending 31 October 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 her 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 24 July 2024 and were signed on its behalf by
Sabiha Hussain Director Company Registration No. 11607085
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SKY CAPITAL INVESTMENTS LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
SKY CAPITAL INVESTMENTS LTD is a private company, limited by shares, registered in England and Wales, registration number 11607085. The registered office is C/O CAPSHIRE UK LLP, CASTLE COURT, 41 LONDON ROAD, REIGATE, RH2 9RJ, 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.
4
Investment property
2023 
£ 
Fair value at 1 November 2022
690,437 
At 31 October 2023
690,437 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
6,000 
6,000 
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SKY CAPITAL INVESTMENTS LTD Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
263,900 
263,900 
Trade creditors
- 
1,600 
Taxes and social security
240 
240 
Loans from directors
121,247 
166,554 
385,387 
432,294 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Sabiha Hussain
Director loan
166,554 
- 
45,308 
121,246 
166,554 
- 
45,308 
121,246 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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