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SKCS PROPERTIES LIMITED

Registered Number
05246610
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

SKCS PROPERTIES LIMITED
Company Information
for the year from 1 October 2023 to 30 September 2024

Director

HUGHES, John Francis

Registered Address

Featherstone Farm Leamington Road
Ryton On Dunsmore
Coventry
CV8 3EL

Registered Number

05246610 (England and Wales)
SKCS PROPERTIES LIMITED
Statement of Financial Position
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investment property32,340,0002,340,000
2,340,0002,340,000
Current assets
Cash at bank and on hand26,87642,875
26,87642,875
Creditors amounts falling due within one year4(1,748,171)(1,746,408)
Net current assets (liabilities)(1,721,295)(1,703,533)
Total assets less current liabilities618,705636,467
Creditors amounts falling due after one year5(561,593)(592,348)
Net assets57,11244,119
Capital and reserves
Called up share capital11
Profit and loss account57,11144,118
Shareholders' funds57,11244,119
The financial statements were approved and authorised for issue by the Director on 11 February 2025, and are signed on its behalf by:
HUGHES, John Francis
Director
Registered Company No. 05246610
SKCS PROPERTIES LIMITED
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
2.Average number of employees

20242023
Average number of employees during the year00
3.Investment property

£
Fair value at 01 October 232,340,000
At 30 September 242,340,000
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables600600
Bank borrowings and overdrafts63,68163,681
Amounts owed to related parties777,577651,207
Taxation and social security2,33710,573
Other creditors903,9761,020,347
Total1,748,1711,746,408
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts561,593592,348
Total561,593592,348
6.Secured creditors
The following secured debts are included within creditors: Bank Loan - £625,273