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REGISTERED NUMBER: 13135773 (England and Wales)















SK20 Properties Ltd

Unaudited Financial Statements

for the Year Ended 31st March 2024






SK20 Properties Ltd (Registered number: 13135773)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


SK20 Properties Ltd

Company Information
for the year ended 31st March 2024







DIRECTORS: R B E Cowdell
Dr L Walsh





REGISTERED OFFICE: 310 Wellingborough Road
Northampton
Northamptonshire
NN1 4EP





BUSINESS ADDRESS: Kinfauns
Uppingham Road
Skeffington
Leicester
LE7 9YE





REGISTERED NUMBER: 13135773 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

SK20 Properties Ltd (Registered number: 13135773)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 264,227 266,506

CURRENT ASSETS
Debtors 6 33 113
Cash at bank 2,203 1,728
2,236 1,841
CREDITORS
Amounts falling due within one year 7 152,408 149,111
NET CURRENT LIABILITIES (150,172 ) (147,270 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

114,055

119,236

CREDITORS
Amounts falling due after more than one
year

8

(93,000

)

(103,000

)

PROVISIONS FOR LIABILITIES 9 (1,500 ) (1,500 )
NET ASSETS 19,555 14,736

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 19,455 14,636
SHAREHOLDERS' FUNDS 19,555 14,736

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

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

SK20 Properties Ltd (Registered number: 13135773)

Balance Sheet - continued
31st March 2024


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 8th August 2024 and were signed on its behalf by:




R B E Cowdell - Director



Dr L Walsh - Director


SK20 Properties Ltd (Registered number: 13135773)

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

1. STATUTORY INFORMATION

SK20 Properties Ltd 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 (£).


The principal activity of the company in the year under review was that of holiday letting.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 15% on cost

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.

4. EMPLOYEES AND DIRECTORS

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

SK20 Properties Ltd (Registered number: 13135773)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2023
and 31st March 2024 256,478 14,543 271,021
DEPRECIATION
At 1st April 2023 157 4,358 4,515
Charge for year 100 2,179 2,279
At 31st March 2024 257 6,537 6,794
NET BOOK VALUE
At 31st March 2024 256,221 8,006 264,227
At 31st March 2023 256,321 10,185 266,506

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 33 113

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1,688 1,501
Other creditors 150,720 147,610
152,408 149,111

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 93,000 103,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 93,000 103,000

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,500 1,500

Deferred
tax
£   
Balance at 1st April 2023 1,500
Balance at 31st March 2024 1,500

10. CONTINGENT LIABILITIES

There were no contingent liabilities as at 31st March 2024 and at 31st March 2023.

SK20 Properties Ltd (Registered number: 13135773)

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

11. CAPITAL COMMITMENTS

There were no capital commitments as at 31st March 2024 and 31st March 2023.