Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31truecommercial property development2023-04-01false22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08995228 2023-04-01 2024-03-31 08995228 2022-04-01 2023-03-31 08995228 2024-03-31 08995228 2023-03-31 08995228 c:Director1 2023-04-01 2024-03-31 08995228 c:Director2 2023-04-01 2024-03-31 08995228 c:RegisteredOffice 2023-04-01 2024-03-31 08995228 d:FreeholdInvestmentProperty 2024-03-31 08995228 d:FreeholdInvestmentProperty 2023-03-31 08995228 d:CurrentFinancialInstruments 2024-03-31 08995228 d:CurrentFinancialInstruments 2023-03-31 08995228 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08995228 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08995228 d:ShareCapital 2024-03-31 08995228 d:ShareCapital 2023-03-31 08995228 d:RetainedEarningsAccumulatedLosses 2024-03-31 08995228 d:RetainedEarningsAccumulatedLosses 2023-03-31 08995228 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-03-31 08995228 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 08995228 c:OrdinaryShareClass1 2023-04-01 2024-03-31 08995228 c:OrdinaryShareClass1 2024-03-31 08995228 c:OrdinaryShareClass1 2023-03-31 08995228 c:FRS102 2023-04-01 2024-03-31 08995228 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08995228 c:FullAccounts 2023-04-01 2024-03-31 08995228 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08995228









SKYEFALL PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
SKYEFALL PROPERTIES LIMITED
 
 
COMPANY INFORMATION


Directors
E G D Strachan 
Y Kadatskaya 




Registered number
08995228



Registered office
Eighth Floor
6 New Street Square

New Fetter Lane

London

EC4A 3AQ




Accountants
Rawlinson & Hunter LLP
Chartered Accountants

Eighth Floor

6 New Street Square

New Fetter Lane

London

EC4A 3AQ





 
SKYEFALL PROPERTIES LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 5

 
SKYEFALL PROPERTIES LIMITED
REGISTERED NUMBER: 08995228

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
462,500
462,500

  
462,500
462,500

Current assets
  

Debtors: amounts falling due within one year
 5 
3,476
3,518

Cash at bank and in hand
 6 
1,016
3,574

  
4,492
7,092

Creditors: amounts falling due within one year
 7 
(706,988)
(689,186)

Net current liabilities
  
 
 
(702,496)
 
 
(682,094)

Total assets less current liabilities
  
(239,996)
(219,594)

  

Net liabilities
  
(239,996)
(219,594)


Capital and reserves
  

Called up share capital 
 9 
50,000
50,000

Profit and loss account
  
(289,996)
(269,594)

  
(239,996)
(219,594)

Page 1

 
SKYEFALL PROPERTIES LIMITED
REGISTERED NUMBER: 08995228
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




E G D Strachan
Director

Date: 1 February 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2

 
SKYEFALL PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Skyefall Properties Limited is a private company, limited by shares, incorporated in England and Wales with registration number 08995228. The registered office is Eighth Floor, 6 New Street Square, New Fetter Lane, London, EC4A 3AQ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The company expects the continued support of the immediate shareholder, who has confirmed that they will provide such financial support as is necessary for the company to meet its liabilities as they fall due and continue in operation for a period of at least twelve months from the date of signing of the financial statements of the company.

 
2.3

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Profit and Loss Account.

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
SKYEFALL PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
462,500



At 31 March 2024
462,500

The 2024 valuations were made by the directors, on an open market value for existing use basis.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
535,231
535,231

Accumulated impairments
(72,731)
(72,731)

462,500
462,500


5.


Debtors

2024
2023
£
£


Other debtors
2,771
2,875

Prepayments and accrued income
705
643

3,476
3,518


Page 4

 
SKYEFALL PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,016
3,574



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
14,531
7,805

Other creditors
680,840
671,840

Accruals and deferred income
11,617
9,541

706,988
689,186



8.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
1,016
3,574




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



50,000 (2023 - 50,000) Ordinary shares of £1 each
50,000
50,000


 
Page 5