REGISTERED NUMBER: 11275169 (England and Wales)

SKYRAKER LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S Upton

Mr D M Upton

SECRETARY:

Mr D M Upton

REGISTERED OFFICE:

15 High Street

Brackley

Northamptonshire

NN13 7DH

REGISTERED NUMBER:

11275169 (England and Wales)

ACCOUNTANTS:

Blencowes

15 High Street

Brackley

Northamptonshire

NN13 7DH

FIXED ASSETS

Tangible assets

4

2,233

2,635

Investment property

5

15,662,000

15,532,770

15,664,233

15,535,405

CURRENT ASSETS

Debtors

6

7,886

7,095

Cash at bank

40,612

49,885

48,498

56,980

CREDITORS

Amounts falling due within one year

7

48,637

25,032

NET CURRENT (LIABILITIES)/ASSETS

(139

)

31,948

TOTAL ASSETS LESS CURRENT LIABILITIES

15,664,094

15,567,353

CREDITORS

Amounts falling due after more than one year

8

(6,502,324

)

(6,502,325

)

PROVISIONS FOR LIABILITIES

10

(477,856

)

(451,995

)

NET ASSETS

8,683,914

8,613,033

CAPITAL AND RESERVES

Called up share capital

11

100

100

Merger relief reserve

5,923,150

5,923,150

Revaluation reserve

2,389,230

2,260,000

Retained earnings

371,434

429,783

SHAREHOLDERS' FUNDS

8,683,914

8,613,033

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

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by:

Mr D M Upton - Director

Mrs S Upton - Director

1.	STATUTORY INFORMATION

Skyraker Ltd 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 sterling which is the functional currency of the company and rounded to the nearest £1 sterling .

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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. The policies adopted for the recognition of turnover are as follows:

When the outcome of a transaction can be estimated reliably, turnover from rentals is recognised in the financial statements based on the rental periods occupied by tenants.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Computer equipment - 33% straight line basis

Fixtures and fittings - 20% 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 Income Statement, 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 taxation

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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

8,105

4,294

12,399

Additions

-

329

329

At 31 March 2025

8,105

4,623

12,728

DEPRECIATION

At 1 April 2024

5,948

3,816

9,764

Charge for year

432

299

731

At 31 March 2025

6,380

4,115

10,495

NET BOOK VALUE

At 31 March 2025

1,725

508

2,233

At 31 March 2024

2,157

478

2,635

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

15,532,770

Revaluations

129,230

At 31 March 2025

15,662,000

NET BOOK VALUE

At 31 March 2025

15,662,000

At 31 March 2024

15,532,770

Fair value at 31 March 2025 is represented by:

£

Valuation in 2022

15,532,770

Valuation in 2025

129,230

15,662,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Prepayments and accrued income

7,886

7,095

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

1,177

2,998

Social security and other taxes

2,883

-

Directors' current accounts

20,689

3,418

Accruals and deferred income

23,888

18,616

48,637

25,032

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Mortgages

6,502,324

6,502,325

9.	SECURED DEBTS

Date

Description

17/10/18

Paragon Bank floating charge over all the property or undertaking of the company

17/09/18

Paragon Bank fixed charge on 132 Bankside, Banbury

17/09/18

Paragon Bank fixed charge on 48 Bedford Street, Leamington Spa

17/09/18

Paragon Bank fixed charge on Flats 1-9, Whites Row, Kenilworth

17/09/18

Paragon Bank fixed charge on 7A Milverton Terrace, Leamington Spa

17/09/18

Paragon Bank fixed charge on Flats 1-5, Milverton Terrace, Leamington Spa

22/09/22

Paragon bank fixed charge on Reynard House, Adderbury, OX17 3EL

21/10/22

Paragon bank fixed charge on 47 Portland Street, Leamington Spa, CV32 5EY

21/10/22

Paragon bank fixed charge on 27 Warwick Place, Leamington Spa, CV32 5BS

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

10

(5

)

Other timing differences

477,846

452,000

477,856

451,995

Deferred

tax

£

Balance at 1 April 2024

451,995

Accelerated capital allowances

15

Investment revaluations

25,846

Tax losses carried forward

Balance at 31 March 2025

477,856

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

12.	REVALUATION

The directors have been in discussions with local agents and have concluded the property valuations have fluctuated since the last revaluation made in 2022. The directors have consulted with the agents in May 2025 and have confirmed that overall, the property portfolio should report an increase in valuation to £15,662,000.