Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-3122023-08-01falsefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.Activities of other holding companies not elsewhere classified2falsetrue 12727432 2023-08-01 2024-07-31 12727432 2022-08-01 2023-07-31 12727432 2024-07-31 12727432 2023-07-31 12727432 c:Director2 2023-08-01 2024-07-31 12727432 d:FreeholdInvestmentProperty 2023-08-01 2024-07-31 12727432 d:FreeholdInvestmentProperty 2024-07-31 12727432 d:FreeholdInvestmentProperty 2023-07-31 12727432 d:CurrentFinancialInstruments 2024-07-31 12727432 d:CurrentFinancialInstruments 2023-07-31 12727432 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 12727432 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 12727432 d:ShareCapital 2024-07-31 12727432 d:ShareCapital 2023-07-31 12727432 c:FRS102 2023-08-01 2024-07-31 12727432 c:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 12727432 c:FullAccounts 2023-08-01 2024-07-31 12727432 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12727432 6 2023-08-01 2024-07-31 12727432 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 12727432









S K FIRST GROUP LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
S K FIRST GROUP LTD
 
 
  
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF S K FIRST GROUP LTD
FOR THE YEAR ENDED 31 JULY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of S K First Group Ltd for the year ended 31 July 2024 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountantswe are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the Board of Directors of S K First Group Ltd, as a body, in accordance with the terms of our engagement letter dated 21 March 2025Our work has been undertaken solely to prepare for your approval the financial statements of S K First Group Ltd and state those matters that we have agreed to state to the Board of Directors of S K First Group Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than S K First Group Ltd and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that S K First Group Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and result of S K First Group Ltd. You consider that S K First Group Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of S K First Group Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Fraser Russell Limited
 
77 Francis Road
Edgbaston
Birmingham
B16 8SP
21 March 2025
Page 1

 
S K FIRST GROUP LTD
REGISTERED NUMBER: 12727432

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
100
100

Investment property
 5 
370,750
280,250

  
370,850
280,350

  

Creditors: amounts falling due within one year
 6 
(370,750)
(280,250)

Net current liabilities
  
 
 
(370,750)
 
 
(280,250)

Total assets less current liabilities
  
100
100

  

Net assets
  
100
100


Capital and reserves
  

Called up share capital 
  
100
100

  
100
100


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 on 21 March 2025.




Abubaker Saddiq
Director

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

Page 2

 
S K FIRST GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

S K First Group Limited is a company limited by shares incorporated in England within the United Kingdom, having a registration number of 12727432. The address of the registered office is 77 Francis Road, Edgbaston, Birmingham, West Midlands, England, B16 8SP. The principal activity of the company in the year under review was that of holding companies.
The financial statements are presented in sterling which is functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements has been prepared on a going concern basis which assumes that the company will continue to receive support from creditors and the director as and when required.

 
2.3

Investment property

Investment property is carried at fair value determined annually by external valuers 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 profit or loss.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.5

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

 
S K FIRST GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

3.


Employees

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


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 August 2023
100



At 31 July 2024
100





5.


Investment property


Freehold investment property

£



Valuation


At 1 August 2023
280,250


Additions at cost
90,500



At 31 July 2024
370,750

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



At 31 July 2024





6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
370,750
280,250

370,750
280,250


Page 4

 
S K FIRST GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

7.


Controlling party

During the year, the company was under the control of its directors.

Page 5