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REGISTERED NUMBER: 11685911 (England and Wales)















SKY HIGH VENTURE CAPITAL LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1 MAY 2023 TO 30 JUNE 2024






SKY HIGH VENTURE CAPITAL LIMITED (REGISTERED NUMBER: 11685911)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2023 TO 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SKY HIGH VENTURE CAPITAL LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 MAY 2023 TO 30 JUNE 2024







DIRECTORS: Mr D Letzer
Ms E L Letzer





REGISTERED OFFICE: Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE





REGISTERED NUMBER: 11685911 (England and Wales)





ACCOUNTANTS: Kounnis And Partners Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

SKY HIGH VENTURE CAPITAL LIMITED (REGISTERED NUMBER: 11685911)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 33,614 3,445

CURRENT ASSETS
Debtors 5 6,017 203,000
Investments 6 590,469 615,694
Cash at bank 26,224 235,593
622,710 1,054,287
CREDITORS
Amounts falling due within one year 7 (1,834 ) (228,058 )
NET CURRENT ASSETS 620,876 826,229
TOTAL ASSETS LESS CURRENT
LIABILITIES

654,490

829,674

PROVISIONS FOR LIABILITIES (6,419 ) (875 )
NET ASSETS 648,071 828,799

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 19,064 15,694
Retained earnings 628,907 813,005
SHAREHOLDERS' FUNDS 648,071 828,799

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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 HIGH VENTURE CAPITAL LIMITED (REGISTERED NUMBER: 11685911)

BALANCE SHEET - continued
30 JUNE 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 4 December 2024 and were signed on its behalf by:





Mr D Letzer - Director


SKY HIGH VENTURE CAPITAL LIMITED (REGISTERED NUMBER: 11685911)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2023 TO 30 JUNE 2024


1. STATUTORY INFORMATION

Sky High Venture Capital 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.

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.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the period 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 period 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 period was 1 (2023 - 1 ) .

SKY HIGH VENTURE CAPITAL LIMITED (REGISTERED NUMBER: 11685911)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2023 TO 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 May 2023 - 8,285 8,285
Additions 39,648 3,339 42,987
At 30 June 2024 39,648 11,624 51,272
DEPRECIATION
At 1 May 2023 - 4,840 4,840
Charge for period 9,912 2,906 12,818
At 30 June 2024 9,912 7,746 17,658
NET BOOK VALUE
At 30 June 2024 29,736 3,878 33,614
At 30 April 2023 - 3,445 3,445

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.4.23
£    £   
Trade debtors - 203,000
Other debtors 6,017 -
6,017 203,000

6. CURRENT ASSET INVESTMENTS
30.6.24 30.4.23
£    £   
Listed investments 590,469 615,694

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.4.23
£    £   
Trade creditors 72 -
Taxation and social security 289 223,399
Other creditors 1,473 4,659
1,834 228,058

SKY HIGH VENTURE CAPITAL LIMITED (REGISTERED NUMBER: 11685911)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2023 TO 30 JUNE 2024


8. RESERVES
Fair
value
reserve
£   
At 1 May 2023 15,694
Fair value reserve 3,370

At 30 June 2024 19,064