Company Registration No. 10748694 (England and Wales)
SKAD Investments Ltd
Unaudited accounts
for the year ended 31 May 2024
SKAD Investments Ltd
Unaudited accounts
Contents
SKAD Investments Ltd
Company Information
for the year ended 31 May 2024
Company Number
10748694 (England and Wales)
Registered Office
KEMP HOUSE
152 - 160 CITY ROAD
LONDON
EC1V 2NX
ENGLAND
Accountants
Smooth Feathers Accountants
268 Bath Road
Slough
SL1 4DX
SKAD Investments Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
1,319,471
1,322,964
Cash at bank and in hand
8,298
1,061
Creditors: amounts falling due within one year
(169,503)
(167,195)
Net current liabilities
(161,205)
(166,134)
Total assets less current liabilities
1,158,266
1,156,830
Creditors: amounts falling due after more than one year
(983,468)
(990,195)
Net assets
174,798
166,635
Revaluation reserve
275,866
275,866
Capital contribution reserve
(37,213)
(37,213)
Profit and loss account
(63,856)
(72,019)
Shareholders' funds
174,798
166,635
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 January 2025 and were signed on its behalf by
Pardeep Kumar
Director
Company Registration No. 10748694
SKAD Investments Ltd
Notes to the Accounts
for the year ended 31 May 2024
SKAD Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 10748694. The registered office is KEMP HOUSE, 152 - 160 CITY ROAD, LONDON, EC1V 2NX, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible assets are included at cost. No Depreciation has been provided in order to write off the assets over their estimated useful lives:
Land & buildings
Properties
4
Tangible fixed assets
Land & buildings
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 June 2023
1,300,000
29,950
1,329,950
At 31 May 2024
1,300,000
29,950
1,329,950
At 1 June 2023
-
6,986
6,986
Charge for the year
-
3,493
3,493
At 31 May 2024
-
10,479
10,479
At 31 May 2024
1,300,000
19,471
1,319,471
At 31 May 2023
1,300,000
22,964
1,322,964
5
Creditors: amounts falling due within one year
2024
2023
Loans from directors
169,503
167,195
SKAD Investments Ltd
Notes to the Accounts
for the year ended 31 May 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
983,468
990,195
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Average number of employees
During the year the average number of employees was 0 (2023: 0).