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REGISTERED NUMBER: 01472024 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

SKYMOND LIMITED

SKYMOND LIMITED (REGISTERED NUMBER: 01472024)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SKYMOND LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: A Green





REGISTERED OFFICE: 115c Milton Road
Cambridge
Cambridgeshire
CB4 1XE





REGISTERED NUMBER: 01472024 (England and Wales)





ACCOUNTANTS: Prentis & Co LLP
Chartered Accountants
115c Milton Road
Cambridge
CB4 1XE

SKYMOND LIMITED (REGISTERED NUMBER: 01472024)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 2,011,830 2,000,658
2,011,830 2,000,658

CURRENT ASSETS
Debtors 6 1,012,296 1,024,487
Cash at bank 50,153 17,785
1,062,449 1,042,272
CREDITORS
Amounts falling due within one year 7 74,354 45,246
NET CURRENT ASSETS 988,095 997,026
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,999,925

2,997,684

CREDITORS
Amounts falling due after more than one
year

8

1,550,000

1,550,000
NET ASSETS 1,449,925 1,447,684

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,449,825 1,447,584
SHAREHOLDERS' FUNDS 1,449,925 1,447,684

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SKYMOND LIMITED (REGISTERED NUMBER: 01472024)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 May 2025 and were signed by:





A Green - Director


SKYMOND LIMITED (REGISTERED NUMBER: 01472024)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Skymond Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises the invoiced value of rents charged by the company, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Office equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 October 2023
and 30 September 2024 4,237
DEPRECIATION
At 1 October 2023
and 30 September 2024 4,237
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

SKYMOND LIMITED (REGISTERED NUMBER: 01472024)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 2,000,658
Additions 11,172
At 30 September 2024 2,011,830
NET BOOK VALUE
At 30 September 2024 2,011,830
At 30 September 2023 2,000,658

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 1,007,201 1,007,865
Other debtors 4,982 7,902
VAT 113 8,720
1,012,296 1,024,487

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 61,413 36,083
Director's current account 6,012 6,012
Accruals and deferred income 6,929 3,151
74,354 45,246

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 1,550,000 1,550,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,550,000 1,550,000

The loans on the company are secured by charges on the investment property to the company's bankers in respect of all borrowings.

SKYMOND LIMITED (REGISTERED NUMBER: 01472024)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10. RELATED PARTY DISCLOSURES

Skymond Ltd incurred net fees billed of £15,000 (2023: £8,333) from GRN Limited. A Green is also a director of this company. At 30 September 2024, a loan amount of £61,413 was due to GRN Limited.

Skymond Ltd incurred net fees billed of £30,000 (2023: £30,000) from J Green Properties Limited. A Green is also a director of this company. At 30 September 2024, a loan amount of £1,007,201 was due to Skymond Ltd.

11. ULTIMATE CONTROLLING PARTY

The controlling party is J Green Properties Limited, a company incorporated in England and Wales, by virtue of their 69% ownership of the issued ordinary share capital.