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Logo On Report
Registered Number: 10836914
England and Wales

 

 

 

SKYE VENTURES LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 July 2023

End date: 30 June 2024
Director Darren Randolph
Registered Number 10836914
Registered Office 55 Hall Green Lane
Brentwood
Essex
West Midlands
CM13 2QUX
1
  2024   2023
    £ £   £ £
Fixed assets   2,735,687      2,736,019 
Current assets 204,461      153,561   
Creditors: amount falling due within one year (15,439)     (25,975)  
Net current assets   189,022      127,586 
Total assets less current liabilities   2,924,709      2,863,605 
Creditors: amount falling due after more than one year   (2,761,640)     (2,749,162)
Net assets   163,069      114,443 
 

         
Capital and reserves   163,069      114,443 
 
NOTES TO THE ACCOUNTS

General Information
SKYE Ventures Limited is a private company, limited by shares, registered in England and Wales, registration number 10836914, registration address 55 Hall Green Lane, Brentwood, Essex, West Midlands, CM13 2QUX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 5 years Straight Line
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Investment properties   Total
  £   £   £
At 01 July 2023 7,031    2,735,686    2,742,717 
Additions    
Disposals    
At 30 June 2024 7,031    2,735,686    2,742,717 
Depreciation
At 01 July 2023 6,698      6,698 
Charge for year 332      332 
On disposals    
At 30 June 2024 7,030      7,030 
Net book values
Closing balance as at 30 June 2024 1    2,735,686    2,735,687 
Opening balance as at 01 July 2023 333    2,735,686    2,736,019 


3.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).


For the year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 04 March 2025 and were signed by:


--------------------------------
Darren Randolph
Director
2