Company registration number 15192345 (England and Wales)
SKIPHUTTON LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
SKIPHUTTON LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
SKIPHUTTON LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 1 -
2024
Notes
£
£
Fixed assets
Investment property
3
678,914
Current assets
Debtors
4
895
Cash at bank and in hand
16,303
17,198
Creditors: amounts falling due within one year
5
(1,140)
Net current assets
16,058
Total assets less current liabilities
694,972
Creditors: amounts falling due after more than one year
6
(695,117)
Net liabilities
(145)
Capital and reserves
Called up share capital
100
Profit and loss reserves
(245)
Total equity
(145)
SKIPHUTTON LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
31 December 2024
- 2 -

For the financial Period ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 30 June 2025 and are signed on its behalf by:
Mr R H Bosomworth
Mr J Sadler
Director
Director
Mr J Thornton
Director
Company registration number 15192345 (England and Wales)
SKIPHUTTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Skiphutton Limited is a private company limited by shares incorporated in England and Wales. The registered office is Marderby Hall, Felixkirk, Thirsk, North Yorkshire, YO7 2DR.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.2
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.3
Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

SKIPHUTTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.5
Leases
As lessor

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

2024
Number
Total
0
3
Investment property
2024
£
Fair value
At 6 October 2023
-
0
Additions
678,914
At 31 December 2024
678,914

Investment property comprises of 46 acres of land at Sandhutton, North Yorkshire. The directors believe there is no material change in the fair value of the investment property since the purchase date on 17 October 2024.

SKIPHUTTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 5 -
4
Debtors
2024
Amounts falling due within one year:
£
Trade debtors
895
5
Creditors: amounts falling due within one year
2024
£
Other creditors
1,140
6
Creditors: amounts falling due after more than one year
2024
£
Other creditors
695,117
7
Related party transactions
Transactions with related parties

During the Period the company entered into the following transactions with related parties:

2024
Amounts due to related parties
£
Entities with control, joint control or significant influence over the company
695,117
2024-12-31 2023-10-06 false false false 30 June 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr R H Bosomworth Mr J Sadler Mr J Thornton 15192345 2023-10-06 2024-12-31 15192345 2024-12-31 15192345 core:CurrentFinancialInstruments 2024-12-31 15192345 core:Non-currentFinancialInstruments 2024-12-31 15192345 core:ShareCapital 2024-12-31 15192345 core:RetainedEarningsAccumulatedLosses 2024-12-31 15192345 bus:Director1 2023-10-06 2024-12-31 15192345 bus:Director2 2023-10-06 2024-12-31 15192345 bus:Director3 2023-10-06 2024-12-31 15192345 2023-10-05 15192345 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2024-12-31 15192345 bus:PrivateLimitedCompanyLtd 2023-10-06 2024-12-31 15192345 bus:SmallCompaniesRegimeForAccounts 2023-10-06 2024-12-31 15192345 bus:FRS102 2023-10-06 2024-12-31 15192345 bus:AuditExemptWithAccountantsReport 2023-10-06 2024-12-31 15192345 bus:FullAccounts 2023-10-06 2024-12-31 xbrli:pure xbrli:shares iso4217:GBP