IRIS Accounts Production v25.2.0.378 04104178 Board of Directors 1.12.23 30.11.24 30.11.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh041041782023-11-30041041782024-11-30041041782023-12-012024-11-30041041782022-11-30041041782022-12-012023-11-30041041782023-11-3004104178ns15:EnglandWales2023-12-012024-11-3004104178ns14:PoundSterling2023-12-012024-11-3004104178ns10:Director12023-12-012024-11-3004104178ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3004104178ns10:SmallEntities2023-12-012024-11-3004104178ns10:AuditExemptWithAccountantsReport2023-12-012024-11-3004104178ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3004104178ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3004104178ns10:FullAccounts2023-12-012024-11-3004104178ns10:Director22023-12-012024-11-3004104178ns10:CompanySecretary12023-12-012024-11-3004104178ns10:RegisteredOffice2023-12-012024-11-3004104178ns5:CurrentFinancialInstruments2024-11-3004104178ns5:CurrentFinancialInstruments2023-11-3004104178ns5:Non-currentFinancialInstruments2024-11-3004104178ns5:Non-currentFinancialInstruments2023-11-3004104178ns5:ShareCapital2024-11-3004104178ns5:ShareCapital2023-11-3004104178ns5:RevaluationReserve2024-11-3004104178ns5:RevaluationReserve2023-11-3004104178ns5:PlantMachinery2023-12-012024-11-3004104178ns5:FurnitureFittings2023-12-012024-11-3004104178ns5:ComputerEquipment2023-12-012024-11-3004104178ns5:PlantMachinery2023-11-3004104178ns5:FurnitureFittings2023-11-3004104178ns5:ComputerEquipment2023-11-3004104178ns5:PlantMachinery2024-11-3004104178ns5:FurnitureFittings2024-11-3004104178ns5:ComputerEquipment2024-11-3004104178ns5:PlantMachinery2023-11-3004104178ns5:FurnitureFittings2023-11-3004104178ns5:ComputerEquipment2023-11-3004104178ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3004104178ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3004104178ns5:Secured2024-11-3004104178ns5:Secured2023-11-3004104178ns5:DeferredTaxation2023-11-3004104178ns5:DeferredTaxation2023-12-012024-11-3004104178ns5:DeferredTaxation2024-11-3004104178ns5:RevaluationReserve2023-11-30041041781ns10:Director12023-11-30041041781ns10:Director12022-11-30041041781ns10:Director12023-12-012024-11-30041041781ns10:Director12022-12-012023-11-30041041781ns10:Director12024-11-30041041781ns10:Director12023-11-30
REGISTERED NUMBER: 04104178 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

SKY BLUE DEVELOPMENTS LIMITED

SKY BLUE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04104178)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

SKY BLUE DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: CCW Trodd
Mrs S J Trodd





SECRETARY: CCW Trodd





REGISTERED OFFICE: Kingston House
Fox Pond Lane
Lymington
Hampshire
SO41 8FW





REGISTERED NUMBER: 04104178 (England and Wales)





ACCOUNTANTS: Higson & Co (Deal) Ltd
45 Queen Street
Deal
Kent
CT14 6EY

SKY BLUE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04104178)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 264 499
Investment property 5 1,140,000 1,050,000
1,140,264 1,050,499

CURRENT ASSETS
Debtors 6 8,544 2,541
Cash at bank 5,252 2,557
13,796 5,098
CREDITORS
Amounts falling due within one year 7 626,127 597,696
NET CURRENT LIABILITIES (612,331 ) (592,598 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

527,933

457,901

CREDITORS
Amounts falling due after more than one
year

8

(211,314

)

(56,909

)

PROVISIONS FOR LIABILITIES 10 (59,710 ) (62,730 )
NET ASSETS 256,909 338,262

CAPITAL AND RESERVES
Called up share capital 100 2
Fair value reserve 11 179,129 267,426
Retained earnings 77,680 70,834
SHAREHOLDERS' FUNDS 256,909 338,262

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SKY BLUE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04104178)

BALANCE SHEET - continued
30 NOVEMBER 2024


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 Board of Directors and authorised for issue on 26 August 2025 and were signed on its behalf by:





CCW Trodd - Director


SKY BLUE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04104178)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Sky Blue Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in round pounds £ sterling.

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 as modified by the revaluation of certain assets.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

SKY BLUE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04104178)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 December 2023
and 30 November 2024 258 400 847 1,505
DEPRECIATION
At 1 December 2023 158 252 596 1,006
Charge for year 25 37 173 235
At 30 November 2024 183 289 769 1,241
NET BOOK VALUE
At 30 November 2024 75 111 78 264
At 30 November 2023 100 148 251 499

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023 1,050,000
Additions 181,317
Revaluations (91,317 )
At 30 November 2024 1,140,000
NET BOOK VALUE
At 30 November 2024 1,140,000
At 30 November 2023 1,050,000

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2016 100,815
Valuation in 2018 45,000
Valuation in 2019 65,139
Valuation in 2020 26,606
Valuation in 2021 127,653
Valuation in 2022 (35,057 )
Valuation in 2024 (91,317 )
Cost 901,161
1,140,000

SKY BLUE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04104178)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,331 795
DPS control account 2,213 1,213
Prepayments - 533
8,544 2,541

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 33,096 -
Tax 1,949 2,775
Rent deposits 4,463 3,463
Directors' current accounts 585,889 590,768
Accrued expenses 730 690
626,127 597,696

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 1-2 years 35,165 -
Other loans - 2-5 years 37,363 -
Other loans more 5yrs instal 81,877 -
Mortgage 56,909 56,909
211,314 56,909

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgage 56,909 56,909

Repayable by instalments
Other loans more 5yrs instal 81,877 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgage 56,909 56,909
Other loan 187,500 -
244,409 56,909

The mortgage was secured on the property at 56 St Andrews Road, Deal, Kent.

The other loan was secured on the property at 253/253A Lymington Road, Christchurch.

SKY BLUE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04104178)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 59,710 62,730

Deferred
tax
£   
Balance at 1 December 2023 62,730
Provided during year (3,020 )
Balance at 30 November 2024 59,710

Deferred tax is provided on the fair value adjustments made to the Company's investment properties.

11. RESERVES
Fair
value
reserve
£   
At 1 December 2023 267,426
Transfer to fair value reserve (88,297 )

At 30 November 2024 179,129

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
CCW Trodd
Balance outstanding at start of year 590,768 624,455
Amounts advanced 12,617 29,447
Amounts repaid (17,496 ) (63,134 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 585,889 590,768

SKY BLUE DEVELOPMENTS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
SKY BLUE DEVELOPMENTS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2024 set out on pages one to eleven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Higson & Co (Deal) Ltd
45 Queen Street
Deal
Kent
CT14 6EY


Date: .............................................