smallAccCompHo_0921.xslt
01/09/2023 31/08/2024 false false false Comdal Limited - EasydigitalFiling.com 2020_1 10924720 business:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10924720 2023-09-01 10924720 2024-08-31 10924720 2023-09-01 2024-08-31 10924720 2022-09-01 10924720 2023-08-31 10924720 2022-09-01 2023-08-31 10924720 business:Director1 2023-09-01 2024-08-31 10924720 business:Director2 2023-09-01 2024-08-31 10924720 business:Director3 2023-09-01 2024-08-31 10924720 business:Director4 2023-09-01 2024-08-31 10924720 business:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10924720 business:FRS102 2023-09-01 2024-08-31 10924720 business:AbridgedAccounts 2023-09-01 2024-08-31 10924720 core:WithinOneYear 2024-08-31 10924720 core:WithinOneYear 2023-08-31 10924720 core:AfterOneYear 2024-08-31 10924720 core:AfterOneYear 2023-08-31 10924720 core:Goodwill 2023-09-01 2024-08-31 10924720 core:Goodwill 2023-09-01 10924720 core:Goodwill 2024-08-31 10924720 core:IntangibleAssetsOtherThanGoodwill 2023-09-01 2024-08-31 10924720 core:IntangibleAssetsOtherThanGoodwill 2023-09-01 10924720 core:IntangibleAssetsOtherThanGoodwill 2024-08-31 10924720 core:LandBuildings 2023-09-01 2024-08-31 10924720 core:LandBuildings 2023-09-01 10924720 core:LandBuildings 2024-08-31 10924720 core:PlantMachinery 2023-09-01 2024-08-31 10924720 core:PlantMachinery 2023-09-01 10924720 core:PlantMachinery 2024-08-31 10924720 core:MotorVehicles 2023-09-01 2024-08-31 10924720 core:MotorVehicles 2023-09-01 10924720 core:MotorVehicles 2024-08-31 10924720 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 10924720 core:FurnitureFittingsToolsEquipment 2023-09-01 10924720 core:FurnitureFittingsToolsEquipment 2024-08-31 10924720 core:ComputerEquipment 2023-09-01 2024-08-31 10924720 core:ComputerEquipment 2023-09-01 10924720 core:ComputerEquipment 2024-08-31 10924720 core:ShareCapital 2023-08-31 10924720 core:ShareCapital 2024-08-31 10924720 core:SharePremium 2023-08-31 10924720 core:SharePremium 2024-08-31 10924720 core:RevaluationReserve 2023-08-31 10924720 core:RevaluationReserve 2024-08-31 10924720 core:CapitalRedemptionReserve 2023-08-31 10924720 core:CapitalRedemptionReserve 2024-08-31 10924720 core:CapitalContributionReserve 2023-08-31 10924720 core:CapitalContributionReserve 2024-08-31 10924720 core:OtherReservesSubtotal 2023-08-31 10924720 core:OtherReservesSubtotal 2024-08-31 10924720 core:RetainedEarningsAccumulatedLosses 2024-08-31 10924720 core:RetainedEarningsAccumulatedLosses 2023-08-31 iso4217:GBP xbrli:pure
Company Registration No. 10924720 (England and Wales)

SKINNER PROPERTY INVESTMENTS LTD
Financial Statements
for the Period from 01 September 2023 to 31 August 2024

## SKINNER PROPERTY INVESTMENTS LTD

### Financial Statements for the period ending 31 August 2024

CONTENTS | PAGE
Company Information | 2
Statement of Financial Position | 3
Notes to the Accounts | 4

## SKINNER PROPERTY INVESTMENTS LTD

### Financial Statements for the period ending 31 August 2024

#### Company Information

Company Details
Company Number | 10924720
Registered Office | 12 SALISBURY ROAD
| MANSFIELD
| NOTTINGHAMSHIRE
| NG19 6EY
Directors
Directors who held office during the period were:
Brian Mark SKINNER
John Mark SKINNER
Matthew William SKINNER
Paula SKINNER

## SKINNER PROPERTY INVESTMENTS LTD

### Financial Statements for the period ending 31 August 2024

#### Statement of Financial Position

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| Notes | 2024 |  | 2023
|  | £ |  | £
Fixed Assets |  |  |  |
Tangible assets | 5 | 167 |  | 333
Investment Properties | 6 | 1,137,600 |  | 1,123,200
Current Assets |  |  |  |
Debtors due |  | 1,754 |  | 849
Cash at bank and in hand |  | 1,885 |  | 2,443
|  | 3,639 |  | 3,292
Creditors |  |  |  |
Amount falling due within one year |  | (778,615) |  | (760,573)
Net Current Assets |  | (774,976) |  | (757,281)
Total Assets less current liabilities |  | 362,791 |  | 366,252
Creditors due after more than one year |  | (131,359) |  | (142,537)
Provision for liabilities |  | (57,806) |  | (55,846)
Net Assets |  | 173,626 |  | 167,869
Capital and Reserves |  |  |  |
Called up Share Capital |  | 1 |  | 1
Revaluation Reserve |  | 218,312 |  | 207,476
Retained earnings at end of year |  | (44,687) |  | (39,608)
Shareholder funds |  | 173,626 |  | 167,869

For the year ending 31/08/2024 the company was entitled to exemption 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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.
Approved by the Board on 20 October 2024
J M Skinner
Company Registration No. 10924720

## SKINNER PROPERTY INVESTMENTS LTD

### Financial Statements for the period ending 31 August 2024

#### Notes to the Accounts

1. Statutory Information
SKINNER PROPERTY INVESTMENTS LTD is a private company, limited by shares, registered in England and Wales, registration number 10924720.
2. Accounting Policies
Basis of preparing the 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 the FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
Presentation Currency
The accounts are presented in £ sterling.
Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:Rendering of servicesRevenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:- the amount of revenue can be measured reliably;- it is probable that the Company will receive the consideration due under the contract;- the stage of completion of the contract at the end of the reporting period can be measured reliably; and- the costs incurred and the costs to complete the contract can be measured reliably

## SKINNER PROPERTY INVESTMENTS LTD

### Financial Statements for the period ending 31 August 2024

#### Notes to the Accounts

Tangible Fixed Asset Policy
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a straight line basis.Depreciation is provided on the following basis:Computer equipment - 33.33%The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.Gains and losses on disposals are determined by comparing the process with the carrying amount and are recognised in profit or loss.

## SKINNER PROPERTY INVESTMENTS LTD

### Financial Statements for the period ending 31 August 2024

#### Notes to the Accounts

Deferred Tax
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair value of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

## SKINNER PROPERTY INVESTMENTS LTD

### Financial Statements for the period ending 31 August 2024

#### Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2024 | 4
2023 | 4
4. Principal Activity
The principle activity of the company is the letting of residential real estate.

## SKINNER PROPERTY INVESTMENTS LTD

### Financial Statements for the period ending 31 August 2024

#### Notes to the Accounts

5. Fixed Assets
|  | Computer Equipment |  | Total
Cost or valuation |  | £ |  | £
At 01/09/2023 |  | 499 |  | 499
Additions |  | - |  | -
At 31/08/2024 |  | 499 |  | 499
Depreciation |  |  |  |
At 01/09/2023 |  | 166 |  | 166
Charge for the year |  | 166 |  | 166
At 31/08/2024 |  | 332 |  | 332
Net Book Value |  |  |  |
At 31/08/2024 |  | 167 |  | 167
At 31/08/2023 |  | 333 |  | 333

## SKINNER PROPERTY INVESTMENTS LTD

### Financial Statements for the period ending 31 August 2024

#### Notes to the Accounts

6. Investment Properties
|  | 2024 |  | 2023
|  | £ |  | £
Valuation at 01/09/2023 |  | 1,123,200 |  | 993,846
Additions |  | - |  | 112,162
Disposals |  | - |  | -
Transfered (to)/from tangible fixed assets |  | - |  | -
Fair Value adjustments |  | 14,400 |  | 17,192
Valuation at 31/08/2024 |  | 1,137,600 |  | 1,123,200