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REGISTERED NUMBER: 12423015 (England and Wales)


Sky Bespoke Development Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2024






Sky Bespoke Development Limited (Registered number: 12423015)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Sky Bespoke Development Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: Mr B Demirer
Ms M Z Allison





REGISTERED OFFICE: 34 Upper Street
The Angel
London
N1 0PN





REGISTERED NUMBER: 12423015 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Sky Bespoke Development Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sky Bespoke Development Limited for the year ended 31 March 2024 which comprise the Abridged Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Sky Bespoke Development Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sky Bespoke Development Limited and state those matters that we have agreed to state to the Board of Directors of Sky Bespoke Development Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sky Bespoke Development Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sky Bespoke Development Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Sky Bespoke Development Limited. You consider that Sky Bespoke Development Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sky Bespoke Development Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


26 July 2024

Sky Bespoke Development Limited (Registered number: 12423015)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Inventories 786,381 2,607,959
Debtors 4 16,340 404,618
Cash at bank and in hand 436,480 41,472
1,239,201 3,054,049
CREDITORS
Amounts falling due within one year 5 1,699,520 2,254,847
NET CURRENT (LIABILITIES)/ASSETS (460,319 ) 799,202
TOTAL ASSETS LESS CURRENT
LIABILITIES

(460,319

)

799,202

CREDITORS
Amounts falling due after more than one
year

6

-

997,052
NET LIABILITIES (460,319 ) (197,850 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 (460,419 ) (197,950 )
SHAREHOLDERS' FUNDS (460,319 ) (197,850 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Sky Bespoke Development Limited (Registered number: 12423015)

Statement of Financial Position - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 July 2024 and were signed on its behalf by:




Mr B Demirer - Director



Ms M Z Allison - Director


Sky Bespoke Development Limited (Registered number: 12423015)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Sky Bespoke Development 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
The financial statements have been prepared on the going concern basis on the grounds that the directors will continue to provide sufficient finance to meet the liabilities as they fall due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,059 638
Other debtors 10,281 403,980
16,340 404,618

Sky Bespoke Development Limited (Registered number: 12423015)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 313 49,347
Other creditors 1,699,207 2,205,500
1,699,520 2,254,847

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 997,052

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 997,052

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 April 2023 (197,950 )
Deficit for the year (262,469 )
At 31 March 2024 (460,419 )

9. RELATED PARTY DISCLOSURES

Transactions with member of key management personnel:

At balance sheet date, company owes £671,957 (2023:£1,030,615). An interest free loan payable on demand and presented within creditors' note.

Entities with control, joint control or significant influence over the entity

At balance sheet date, company owes £775,000 (2023:£775,000). An interest free loan payable on demand and presented within creditors' note.