Skudzi Properties Ltd SC766261 false 2023-04-17 2024-04-30 2024-04-30 The principal activity of the company is Holding Investment company Digita Accounts Production Advanced 6.30.9574.0 true true SC766261 2023-04-17 2024-04-30 SC766261 2024-04-30 SC766261 core:CurrentFinancialInstruments 2024-04-30 SC766261 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 SC766261 core:AdditionsToInvestments 2024-04-30 SC766261 bus:SmallEntities 2023-04-17 2024-04-30 SC766261 bus:AuditExemptWithAccountantsReport 2023-04-17 2024-04-30 SC766261 bus:FilletedAccounts 2023-04-17 2024-04-30 SC766261 bus:SmallCompaniesRegimeForAccounts 2023-04-17 2024-04-30 SC766261 bus:RegisteredOffice 2023-04-17 2024-04-30 SC766261 bus:Director1 2023-04-17 2024-04-30 SC766261 bus:OrdinaryShareClass1 2023-04-17 2024-04-30 SC766261 bus:OrdinaryShareClass2 2023-04-17 2024-04-30 SC766261 bus:OrdinaryShareClass3 2023-04-17 2024-04-30 SC766261 bus:PrivateLimitedCompanyLtd 2023-04-17 2024-04-30 SC766261 countries:Scotland 2023-04-17 2024-04-30 iso4217:GBP xbrli:pure

Registration number: SC766261

Skudzi Properties Ltd

Unaudited Financial Statements

for the Period from 17 April 2023 to 30 April 2024

 

Skudzi Properties Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

Skudzi Properties Ltd

(Registration number: SC766261)
Statement of Financial Position as at 30 April 2024

Note

2024
£

Fixed assets

 

Investments

4

194,681

Current assets

 

Debtors

5

1,060

Creditors: Amounts falling due within one year

6

(163,972)

Net current liabilities

 

(162,912)

Net assets

 

31,769

Capital and reserves

 

Called up share capital

100

Retained earnings

31,669

Shareholders' funds

 

31,769

For the financial period ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The Director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 13 January 2025
 

.........................................
Mrs Kudzai Campbell
Director

 

Skudzi Properties Ltd

Notes to the Unaudited Financial Statements for the Period from 17 April 2023 to 30 April 2024

1

General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
29 Commercial Street
Dundee
Tayside
DD1 3DG
Scotland

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the Group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the Group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Skudzi Properties Ltd

Notes to the Unaudited Financial Statements for the Period from 17 April 2023 to 30 April 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the period, was 0.

4

Investments

2024
£

Investments in associates

194,681

Associates

£

Cost

Additions

194,681

Provision

Carrying amount

At 30 April 2024

194,681

5

Debtors

 

Skudzi Properties Ltd

Notes to the Unaudited Financial Statements for the Period from 17 April 2023 to 30 April 2024

Current

2024
£

Other debtors

1,060

 

1,060

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

Due within one year

 

Amounts owed to Group undertakings and undertakings in which the Company has a participating interest

38,011

Accruals and deferred income

 

960

Other creditors

 

125,001

 

163,972

7

Dividends

Interim dividends paid

2024
£

Interim dividend of £85.44 per each OrdinaryA

36,312

Interim dividend of £85.44 per each Ordinary B

36,312

Interim dividend of £85.44 per each Ordinary C

12,816

85,440