SKHH Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10522545

SKHH Limited

Filleted Unaudited Financial Statements

For the year ended

31 December 2024

SKHH Limited

Financial Statements

Year ended 31 December 2024

Contents	Pages

Statement of financial position	1 to 2

Notes to the financial statements	3 to 7

SKHH Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5		6,763,684	6,435,590

Current assets

Debtors	6	1,814,111	1,721,933
Cash at bank and in hand		91,224	119,952
		------------	------------
		1,905,335	1,841,885

Creditors: amounts falling due within one year	7	( 693,573)		( 354,322)
		------------		------------
Net current assets			1,211,762	1,487,563
			------------	------------
Total assets less current liabilities			7,975,446	7,923,153

Creditors: amounts falling due after more than one year	8		( 3,275,468)	( 3,346,896)

Provisions	9	( 142,302)	( 142,302)
		------------	------------
Net assets		4,557,676	4,433,955
		------------	------------

Capital and reserves

Called up share capital	11	400	400
Other reserves		3,900,624	3,900,624
Profit and loss account		656,652	532,931
		------------	------------
Shareholders funds		4,557,676	4,433,955
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

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

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

SKHH Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

Mr Sarbjit Singh Virk

Director

Company registration number: 10522545

SKHH Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 249 Wexham Road, Slough, Berks., United Kingdom, SL2 5JT.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, other than investment properties measured at fair value through profit or loss. The financial statements are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.

Revenue recognition

The turnover shown in the income statement represents the rents receivable during the year.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income. In this case, tax is recognised in other comprehensive income. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% reducing balance
Motor vehicles	-	25% reducing balance
Fixtures, fittings and equipment	-	20% straight line

Investment property

Investment properties are initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment properties are revalued to their fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).

5. Tangible assets

	Freehold property	Investment properties	Motor vehicles	Fixtures, fittings and equipment	Total
	£	£	£	£	£
Cost
At 1 January 2024	69,652	6,324,300	87,105	7,618	6,488,675
Additions	–	342,872	–	–	342,872
	--------	------------	--------	-------	------------
At 31 December 2024	69,652	6,667,172	87,105	7,618	6,831,547
	--------	------------	--------	-------	------------
Depreciation
At 1 January 2024	8,667	–	38,108	6,310	53,085
Charge for the year	1,220	–	12,250	1,308	14,778
	--------	------------	--------	-------	------------
At 31 December 2024	9,887	–	50,358	7,618	67,863
	--------	------------	--------	-------	------------
Carrying amount
At 31 December 2024	59,765	6,667,172	36,747	–	6,763,684
	--------	------------	--------	-------	------------
At 31 December 2023	60,985	6,324,300	48,997	1,308	6,435,590
	--------	------------	--------	-------	------------

Included within the above is investment property as follows:

	£
At 1 January 2024	6,324,300
Additions	342,872
	------------
At 31 December 2024	6,667,172
	------------

The investment properties have been valued by the directors at 31 December 2024. The valuations are based on the market value of the properties.

6. Debtors

	2024	2023
	£	£
Trade debtors	18,940	9,385
Other debtors	1,795,171	1,712,548
	------------	------------
	1,814,111	1,721,933
	------------	------------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	90,125	90,125
Trade creditors	33,346	21,182
Social security and other taxes	81,303	43,821
Other creditors	488,799	199,194
	---------	---------
	693,573	354,322
	---------	---------

The bank loans of £80,000 (2023 - £80,000) are secured by a charge over the company's assets.

Other creditors include hire purchase contracts and finance lease agreements of £11,395 (2023: £10,977). The hire purchase and finance lease agreement liabilities are secured over the assets acquired.

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	3,239,373	3,299,407
Other creditors	36,095	47,489
	------------	------------
	3,275,468	3,346,896
	------------	------------

The bank loans of £3,230,090 (2023 - £3,280,000) are secured by a charge over the company's assets.

Other creditors include hire purchase contracts and finance lease agreements of £36,095 (2023: £47,489). The hire purchase and finance lease agreement liabilities are secured over the assets acquired.

9. Provisions

	Deferred tax (note 10)
	£
At 1 January 2024 and 31 December 2024	142,302
	---------

10. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2024	2023
	£	£
Included in provisions (note 9)	142,302	142,302
	---------	---------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2024	2023
	£	£
Fair value adjustment of investment property	142,302	142,302
	---------	---------

11. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	400	400	400	400
	----	----	----	----

12. Related party transactions

The company entered into the following related party transactions during the year:

Nature of Relationship	Transaction Type	2024	2023
		£

	Other related party controlled by directors	Amount owed by	1,779,227	1,704,303

	Other related party controlled by directors	Amount owed to	200,000	30,000