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REGISTERED NUMBER: SC649555 (Scotland)
















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Skye View Limited

Skye View Limited (Registered number: SC649555)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Skye View Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mrs G A Melrose





REGISTERED OFFICE: McLay, McAlister & McGibbon LLP
145 St Vincent Street
Glasgow
G2 5JF





REGISTERED NUMBER: SC649555 (Scotland)





ACCOUNTANTS: McLay McAlister & McGibbon LLP
Chartered Accountants
145 St Vincent Street
Glasgow
G2 5JF

Skye View Limited (Registered number: SC649555)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Investment property 4 177,676 177,676

CURRENT ASSETS
Debtors 5 899 87,352
Cash at bank 115,893 32,174
116,792 119,526
CREDITORS
Amounts falling due within one year 6 (296,271 ) (294,458 )
NET CURRENT LIABILITIES (179,479 ) (174,932 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,803

)

2,744

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,903 ) 2,644
(1,803 ) 2,744

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 her 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.

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 director and authorised for issue on 10 October 2024 and were signed by:





Mrs G A Melrose - Director


Skye View Limited (Registered number: SC649555)

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

1. STATUTORY INFORMATION

Skye View Limited is a private company, limited by shares , registered in Scotland. 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.

The company is reliant on the support of the director. It is the intention of the director to support the company therefore the accounts have been prepared on a going basis.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash in hand and bank overdrafts.

Debtors
Trade and other debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable amounts when there is objective evidence the asset is impaired.

Creditors
Trade and other creditors are recognised where the company has a present obligation resulting from a past event and are recognised at the settlement amount due after allowing for any trade discounts due.

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

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 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.

3. EMPLOYEES AND DIRECTORS

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

Skye View Limited (Registered number: SC649555)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 177,676
NET BOOK VALUE
At 31 December 2023 177,676
At 31 December 2022 177,676

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 899 87,352

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security (263 ) 620
Other creditors 296,534 293,838
296,271 294,458

7. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loan 91,000 91,000

The bank loan is secured by a fixed charge over the company's property, and by a floating charge over the assets of the company.

8. RELATED PARTY DISCLOSURES

Included in other creditors is a £201,302 (2022:£201,302) loan from Melrose Commercial Finance Limited, a company of which G Melrose is also a director. No interest is being charged on the loan.

Included in other creditors is a loan from the director of £3,415 (2022: other debtor of £87,352). The loan is interest free.