Company Registration No. 11607085 (England and Wales)
SKY CAPITAL INVESTMENTS LTD
Unaudited accounts
for the year ended 31 October 2024
SKY CAPITAL INVESTMENTS LTD
Unaudited accounts
Contents
SKY CAPITAL INVESTMENTS LTD
Company Information
for the year ended 31 October 2024
Directors
Sabiha Hussain
Yusuf Hussain
Company Number
11607085 (England and Wales)
Registered Office
C/O CAPSHIRE UK LLP
CASTLE COURT, 41 LONDON ROAD
REIGATE
RH2 9RJ
ENGLAND
SKY CAPITAL INVESTMENTS LTD
Statement of financial position
as at 31 October 2024
Investment property
690,437
690,437
Cash at bank and in hand
1,975
2,433
Creditors: amounts falling due within one year
(404,266)
(385,387)
Net current liabilities
(396,291)
(376,954)
Total assets less current liabilities
356,212
313,483
Creditors: amounts falling due after more than one year
(47,366)
-
Net assets
308,846
313,483
Called up share capital
1,000
1,000
Share premium
375,000
375,000
Profit and loss account
(67,154)
(62,517)
Shareholders' funds
308,846
313,483
For the year ending 31 October 2024 the company was entitled to exemption from audit 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 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 and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 July 2025 and were signed on its behalf by
Yusuf Hussain
Director
Company Registration No. 11607085
SKY CAPITAL INVESTMENTS LTD
Notes to the Accounts
for the year ended 31 October 2024
SKY CAPITAL INVESTMENTS LTD is a private company, limited by shares, registered in England and Wales, registration number 11607085. The registered office is C/O CAPSHIRE UK LLP, CASTLE COURT, 41 LONDON ROAD, REIGATE, RH2 9RJ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Vehicles and machinery are carried at cost less accumulated depreciation and accumulated impairment losses.
Land is not depreciated. Depreciation on other assets is calculated so as to write off the cost or valuation of an asset, less its residual value, over their estimated useful lives as follows:
Buildings 2% reducing balance
Plant and machinery 10% straight line
Motor vehicles 20% straight line
On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in profit or loss and included in other operating income.
SKY CAPITAL INVESTMENTS LTD
Notes to the Accounts
for the year ended 31 October 2024
4
Tangible fixed assets
Motor vehicles
Fair value at 1 November 2023
690,437
At 31 October 2024
690,437
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
264,657
263,900
Obligations under finance leases and hire purchase contracts
4,499
-
Taxes and social security
240
240
Loans from directors
134,870
121,247
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
47,366
-
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
SKY CAPITAL INVESTMENTS LTD
Notes to the Accounts
for the year ended 31 October 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director loan
121,247
13,623
-
134,870
11
Average number of employees
During the year the average number of employees was 1 (2023: 1).