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REGISTERED NUMBER: 05160259 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Skyline Roofing Holdings Limited

Skyline Roofing Holdings Limited (Registered number: 05160259)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Skyline Roofing Holdings Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: S J Revell
R F Malpas





SECRETARY: R F Malpas





REGISTERED OFFICE: Unit 73, Waterside Trading Centre
Trumpers Way
Hanwell
London
W7 2QS





REGISTERED NUMBER: 05160259 (England and Wales)





ACCOUNTANTS: Bristow Burrell
4 Riverview
Walnut Tree Close
Guildford
Surrey
GU1 4UX

Skyline Roofing Holdings Limited (Registered number: 05160259)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investments 5 100 100
Investment property 6 3,898,500 3,898,500
3,898,600 3,898,600

CURRENT ASSETS
Debtors 7 497,952 175,175
Cash at bank 568,126 751,484
1,066,078 926,659
CREDITORS
Amounts falling due within one
year

8

187,793

207,182
NET CURRENT ASSETS 878,285 719,477
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,776,885

4,618,077

PROVISIONS FOR LIABILITIES 89,054 67,682
NET ASSETS 4,687,831 4,550,395

CAPITAL AND RESERVES
Called up share capital 9 510 510
Revaluation reserve 10 293,735 293,735
Retained earnings 4,393,586 4,256,150
SHAREHOLDERS' FUNDS 4,687,831 4,550,395

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

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

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 12 December 2024 and were signed on its behalf by:





S J Revell - Director


Skyline Roofing Holdings Limited (Registered number: 05160259)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Skyline Roofing Holdings 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. 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 as modified by the revaluation of certain assets.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

4. EMPLOYEES AND DIRECTORS

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 100
NET BOOK VALUE
At 30 June 2024 100
At 30 June 2023 100

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 3,898,500
NET BOOK VALUE
At 30 June 2024 3,898,500
At 30 June 2023 3,898,500

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2006 971,605
Valuation in 2013 (610,188 )
Cost 3,537,083
3,898,500

Skyline Roofing Holdings Limited (Registered number: 05160259)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

30.6.24 30.6.23
£    £   
Cost 3,537,083 3,537,083

Investment property was valued on a fair value basis on 30 June 2020 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 1,588 -
Other debtors 496,364 175,175
497,952 175,175

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Taxation and social security 90,874 65,520
Other creditors 96,919 141,662
187,793 207,182

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
400 Ordinary £1 400 400
110 "B" Non-Voting Shares £1 110 110
510 510

10. RESERVES
Revaluation
reserve
£   
At 1 July 2023
and 30 June 2024 293,735

11. RELATED PARTY DISCLOSURES

At the year end the company was owed £75,175 (2023: £175,175) from Skyline Roofing Property Management Company Limited, was owed £350,000 (2023: £0) from Skyline Roofing Centres and a balance of £71,189 (2023: 27,011 owed to) owed from Skyline Roofing Centres Limited by way of inter company loans.

Mr S J Revell is also a Director of Skyline Roofing Centres (Bedford) Limited, Skyline Roofing Centres (LB) Limited, Skyline Roofing Centres Management Company Limited and Skyline Roofing Centres Limited. He is also a proprietor of Skyline Roofing Centres.

During the year the company received the following income:

Rent Received: 2024 2023
Skyline Roofing Centres Limited £90,000 £90,000
Skyline Roofing Centres £123,000 £100,000
Skyline Roofing Centres (LB) Limited £82,860 £75,000
Skyline Roofing Centres (Bedford) Limited £57,750 £55,000

Skyline Roofing Holdings Limited (Registered number: 05160259)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

12. ULTIMATE CONTROLLING PARTY

Mr S Revell and Mr R Malpas control the company by virtue of their ownership of 100% of the share capital