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REGISTERED NUMBER: SC586566 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

BLESSED SKYE LIMITED

BLESSED SKYE LIMITED (REGISTERED NUMBER: SC586566)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BLESSED SKYE LIMITED

COMPANY INFORMATION
for the year ended 31 January 2025







DIRECTOR: M Dawson





REGISTERED OFFICE: F C Manse Lower Harrapool
Broadford
Isle of Skye
IV49 9AE





REGISTERED NUMBER: SC586566 (Scotland)





ACCOUNTANTS: Green & Co
The Coach House
7 Sun Street
Sawbridgeworth
Hertfordshire
CM21 9PU

BLESSED SKYE LIMITED (REGISTERED NUMBER: SC586566)

BALANCE SHEET
31 January 2025

31.1.25 31.1.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,595,587 1,468,580

CURRENT ASSETS
Stocks 10,000 2,500
Debtors 5 3,001 9,830
Cash at bank and in hand 247,326 72,626
260,327 84,956
CREDITORS
Amounts falling due within one year 6 1,197,155 1,119,815
NET CURRENT LIABILITIES (936,828 ) (1,034,859 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

658,759

433,721

CREDITORS
Amounts falling due after more than one year 7 (285,000 ) (285,000 )

PROVISIONS FOR LIABILITIES (58,099 ) (23,074 )
NET ASSETS 315,660 125,647

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 315,560 125,547
SHAREHOLDERS' FUNDS 315,660 125,647

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

BLESSED SKYE LIMITED (REGISTERED NUMBER: SC586566)

BALANCE SHEET - continued
31 January 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 June 2025 and were signed by:





M Dawson - Director


BLESSED SKYE LIMITED (REGISTERED NUMBER: SC586566)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 January 2025

1. STATUTORY INFORMATION

Blessed Skye limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 4 ) .

BLESSED SKYE LIMITED (REGISTERED NUMBER: SC586566)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2025

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 February 2024 1,156,429 6,133 469,326 4,350 1,636,238
Additions 133,375 15,941 25,553 - 174,869
At 31 January 2025 1,289,804 22,074 494,879 4,350 1,811,107
DEPRECIATION
At 1 February 2024 - 2,955 156,120 8,583 167,658
Charge for year - 2,868 50,814 (5,820 ) 47,862
At 31 January 2025 - 5,823 206,934 2,763 215,520
NET BOOK VALUE
At 31 January 2025 1,289,804 16,251 287,945 1,587 1,595,587
At 31 January 2024 1,156,429 3,178 313,206 (4,233 ) 1,468,580

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Other debtors 3,001 9,830

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Taxation and social security 33,616 1,232
Other creditors 1,163,539 1,118,583
1,197,155 1,119,815

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.25 31.1.24
£    £   
Other creditors 285,000 285,000

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.25 31.1.24
£    £   
Other loans 285,000 285,000

The loan is secured by a mortgage debenture.

BLESSED SKYE LIMITED (REGISTERED NUMBER: SC586566)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2025

9. RELATED PARTY DISCLOSURES

The company was under the control of the director M Dawson as he owns the entire issued share capital of the company.The balance due to the director at the year end was £663,669 (2024-£-536,390).

The balance due to the related company Mike Dawson Racing Limited at the year end was £516,156 (2024-£580,156) .