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REGISTERED NUMBER: 13417666 (England and Wales)


Sky01 Limited

Abridged Financial Statements

for the Year Ended 31 March 2024






Sky01 Limited (Registered number: 13417666)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Sky01 Limited

Company Information
for the year ended 31 March 2024







DIRECTOR: Mr E Kaya





REGISTERED OFFICE: 606 Cassia Point 2 Glasshouse Gardens
London
E20 1HU





REGISTERED NUMBER: 13417666 (England and Wales)





AUDITORS: Alton & Co
Chartered Accountants
& Statutory Auditors
239-241 Kennington Lane
London
SE11 5QU

Sky01 Limited (Registered number: 13417666)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 18,458 -
Investment property 5 2,844,023 2,177,632
2,862,481 2,177,632

CURRENT ASSETS
Debtors 6 4,247 333
Cash at bank and in hand 6,817 5,224
11,064 5,557
CREDITORS
Amounts falling due within one year 7 1,894,471 1,195,373
NET CURRENT LIABILITIES (1,883,407 ) (1,189,816 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

979,074

987,816

CREDITORS
Amounts falling due after more than one
year

8

(1,034,556

)

(1,034,493

)

PROVISIONS FOR LIABILITIES 9 (4,615 ) -
NET LIABILITIES (60,097 ) (46,677 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 (60,197 ) (46,777 )
SHAREHOLDERS' FUNDS (60,097 ) (46,677 )

Sky01 Limited (Registered number: 13417666)

Statement of Financial Position - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 August 2025 and were signed by:





Mr E Kaya - Director


Sky01 Limited (Registered number: 13417666)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Sky01 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 presentation currency of the financial statements is the Pound 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Turnover is generated from the ordinary activities of the company and is recognised when the rent becomes due.

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

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 statement of financial position date.


Sky01 Limited (Registered number: 13417666)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern
The company is dependent on the financial support from the director of the company and other companies in the group. The director expects that this support will continue. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of this support.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST
Additions 24,610
At 31 March 2024 24,610
DEPRECIATION
Charge for year 6,152
At 31 March 2024 6,152
NET BOOK VALUE
At 31 March 2024 18,458

Sky01 Limited (Registered number: 13417666)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 2,177,632
Additions 666,391
At 31 March 2024 2,844,023
NET BOOK VALUE
At 31 March 2024 2,844,023
At 31 March 2023 2,177,632

Fair value at 31 March 2024 is represented by:
£   
Cost 2,844,023

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 2,844,023 2,177,632

The investments properties were valued on a fair value basis on 31 March 2024 by the director .

In the opinion of the director, the values of the properties have not changed from their cost.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4,247 333

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,860 8,033
Amounts owed to group undertakings 1,880,193 1,161,380
Other creditors 6,418 25,960
1,894,471 1,195,373

Sky01 Limited (Registered number: 13417666)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 1,034,556 1,034,493

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,034,556 1,034,493

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,615 -

Deferred
tax
£   
Charge to Statement of Income and Retained Earnings during year 4,615
Balance at 31 March 2024 4,615

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 April 2023 (46,777 )
Deficit for the year (13,420 )
At 31 March 2024 (60,197 )

Sky01 Limited (Registered number: 13417666)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Altan Kemal FCA FCCA (Senior Statutory Auditor)
for and on behalf of Alton & Co

13. RELATED PARTY DISCLOSURES

Included in other creditors are amounts owed to key management personnel at balance sheet date of £178 (2023: £25,000). No interest is charged on this balance and it is repayable on demand.

14. ULTIMATE CONTROLLING PARTY

The controlling party is Romet Group Ltd.