smallAccCompHo_0921.xslt
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
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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   
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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
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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
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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.
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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.
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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.
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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
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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
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