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REGISTERED NUMBER: 09043274 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Skilled Properties Limited

Skilled Properties Limited (Registered number: 09043274)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Skilled Properties Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: S E Green





REGISTERED OFFICE: Unit 1-3
Vernon Road
Halesowen
West Midlands
B62 8HN





REGISTERED NUMBER: 09043274 (England and Wales)





ACCOUNTANTS: Haines Watts Wolverhampton Limited
Keepers Lane
The Wergs
Wolverhampton
West Midlands
WV6 8UA

Skilled Properties Limited (Registered number: 09043274)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 293,671 231,262
Investment property 5 1,686,482 1,686,482
1,980,153 1,917,744

CURRENT ASSETS
Debtors 6 737 4,974
Cash at bank 574,348 459,240
575,085 464,214
CREDITORS
Amounts falling due within one year 7 70,122 50,757
NET CURRENT ASSETS 504,963 413,457
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,485,116

2,331,201

PROVISIONS FOR LIABILITIES 11,704 816
NET ASSETS 2,473,412 2,330,385

CAPITAL AND RESERVES
Called up share capital 8 60 60
Share premium 515,000 515,000
Retained earnings 1,958,352 1,815,325
SHAREHOLDERS' FUNDS 2,473,412 2,330,385

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Skilled Properties Limited (Registered number: 09043274)

Balance Sheet - continued
31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 September 2024 and were signed by:





S E Green - Director


Skilled Properties Limited (Registered number: 09043274)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Skilled 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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
The turnover shown in the profit and loss account is the amount receivable for the provision of goods and services falling within the Company's activities, net of Value Added Tax, rebates and trade discounts.

Turnover from the provision of goods and services is recognised in the accounting period in which the Company obtains the right to consideration in exchange for its performance and when the amounts to be recognised are fixed or determinable and collectability is reasonably assured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on cost

No depreciation is provided on freehold buildings. This policy is not in accordance with Financial Reporting Standard 102 Section 1A small entities. However, in the opinion of the directors the effect is not material.

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 Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Skilled Properties Limited (Registered number: 09043274)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 228,000 3,728 - 1,524 233,252
Additions - - 72,474 - 72,474
Disposals - (3,728 ) - - (3,728 )
At 31 December 2023 228,000 - 72,474 1,524 301,998
DEPRECIATION
At 1 January 2023 - 466 - 1,524 1,990
Charge for year - (466 ) 6,803 - 6,337
At 31 December 2023 - - 6,803 1,524 8,327
NET BOOK VALUE
At 31 December 2023 228,000 - 65,671 - 293,671
At 31 December 2022 228,000 3,262 - - 231,262

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 1,686,482
NET BOOK VALUE
At 31 December 2023 1,686,482
At 31 December 2022 1,686,482

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 737 4,974

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,392 -
Taxation and social security 23,308 22,884
Other creditors 45,422 27,873
70,122 50,757

Skilled Properties Limited (Registered number: 09043274)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
60 Ordinary £1 60 60