Registered number
12666585
S&KB Properties Limited
Filleted Accounts
30 June 2024
S&KB Properties Limited
Registered number: 12666585
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Current assets
Stocks 600,000 673,885
Cash at bank and in hand 159 4,696
600,159 678,581
Creditors: amounts falling due within one year 3 (29,600) (54,100)
Net current assets 570,559 624,481
Total assets less current liabilities 570,559 624,481
Creditors: amounts falling due after more than one year 4 (624,862) (624,888)
Net liabilities (54,303) (407)
Capital and reserves
Called up share capital 2 2
Profit and loss account (54,305) (409)
Shareholders' funds (54,303) (407)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S A Bunn
Director
Approved by the board on 31 July 2024
S&KB Properties Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Creditors: amounts falling due within one year 2024 2023
£ £
Crossfit (Cheltenham) loan 29,600 29,000
Cheltenham Events loan - 25,100
29,600 54,100
4 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 424,888 424,888
Other creditors 199,974 200,000
624,862 624,888
5 Contingent liabilities
The accounts have been prepared on the going concern basis which is dependent on the continuing financial support of the directors.
6 Related party transactions
At the year end the company owed £18,500 to Cheltenham Events Limited a company owned and controled by the directors. (2022 £Nil)
7 Controlling party
The company is controlled by the directors.
8 Other information
S&KB Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
39 Central Way
Cheltenham Trade Park
Cheltenham
Glos
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