Skye Court Management Company Limited


SKYE COURT MANAGEMENT COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024



































Company Registration Number: 10865482

SKYE COURT MANAGEMENT COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


CONTENTS									PAGES



Company information									1

Balance sheet									2

Notes to the financial statements									3 to 4

SKYE COURT MANAGEMENT COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024


DIRECTORS

P J B Chase
P A Chase


SECRETARY

The company does not have an appointed secretary


REGISTERED OFFICE

The Old Barn
65 Newland Street
Eynsham
Oxon
OX29 4LD


COMPANY REGISTRATION NUMBER

10865482 England and Wales

SKYE COURT MANAGEMENT COMPANY LIMITED

BALANCE SHEET
AS AT 31 DECEMBER 2024


	Notes	2024		2023
		£		£

CURRENT ASSETS
Debtors	5	3,530		2,584
Cash at bank and in hand		5,344		4,863


		8,874		7,447

CREDITORS: Amounts falling due within one year	6	3,875		3,156
CREDITORS: Amounts falling due within one year


NET CURRENT ASSETS			4,999		4,291


NET ASSETS			4,999		4,291


CAPITAL AND RESERVES
Income and expenditure account			4,999		4,291


			4,999		4,291


These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

Members have not required the company to obtain an audit in accordance with section 476 of the Act.

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

As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors' Report.


Signed on behalf of the board of directors




P J B Chase
Director

Date approved by the board: 25 September 2025

SKYE COURT MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1	GENERAL INFORMATION

	Skye Court Management Company Limited is a private company limited by guarantee without share capital and incorporated in England and Wales. Its registered office is:

	The Old Barn
	65 Newland Street
	Eynsham
	Oxon
	OX29 4LD

	The financial statements are presented in Sterling, which is the functional currency of the company.

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of preparation of financial statements

	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

	Revenue recognition

	Income represents maintenance charges receivable.

	The company recognises income when the amount of income can be measured reliably and when it is probable that future economic benefits will flow to the entity.


	Financial Instruments

	The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

	Financial assets are measured at cost and are assessed at the end of each reporting period for objective evidence of impairment. Where objective evidence of impairment is found, an impairment loss is recognised in the income and expenditure account.

The impairment loss for financial assets measured at cost is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.


	Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amount and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

SKYE COURT MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Debtors

	Short term debtors are measured at transaction price, less any impairment.

	Creditors

	Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.

3	CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

	No significant accounting estimates and judgements have had to be made by the directors in preparing these financial statements.

4	EMPLOYEES

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

		2024	2023
	Average number of employees	2	2


5	DEBTORS
		2024	2023
		£	£
	Trade debtors	1,126	1,026
	Prepayments and accrued income	2,404	1,558


		3,530	2,584


6	CREDITORS: Amounts falling due within one year
		2024	2023
		£	£
	Accruals and deferred income	3,372	2,653
	Other creditors	503	503


		3,875	3,156