SKHH Properties Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11094464

SKHH Properties Ltd

Filleted Unaudited Financial Statements

For the year ended

31 December 2024

SKHH Properties Ltd

Financial Statements

Year ended 31 December 2024

Contents	Pages

Statement of financial position	1 to 2

Notes to the financial statements	3 to 6

SKHH Properties Ltd

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	2,852,942	2,853,247

Current assets

Debtors	6	4,540	31,348
Cash at bank and in hand		155,256	67,440
		---------	--------
		159,796	98,788

Creditors: amounts falling due within one year	7	( 2,010,629)	( 1,903,973)
		------------	------------
Net current liabilities		( 1,850,833)	( 1,805,185)
		------------	------------
Total assets less current liabilities		1,002,109	1,048,062

Creditors: amounts falling due after more than one year	8	( 950,000)	( 990,000)

Provisions

Taxation including deferred tax	9	2,093	2,093
		------------	------------
Net assets		54,202	60,155
		------------	------------

Capital and reserves

Called up share capital	11	100	100
Other reserves	12	( 6,277)	( 6,277)
Profit and loss account	12	60,379	66,332
		--------	--------
Shareholders funds		54,202	60,155
		--------	--------

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 Properties Ltd

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 S S Virk

Director

Company registration number: 11094464

SKHH Properties Ltd

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.

Trade receivables

Trade receivables do not carry any interest and are stated at their original invoice value as reduced by appropriate allowances for estimated irrecoverable amounts.

Trade payables

Trade payables do not carry any interest and are stated at their original invoice value.

Revenue recognition

The turnover shown in the income statement represents the rents and service charges 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.

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:

	Fixtures and fittings	-	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.

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 4 (2023: 4 ).

5. Tangible assets

	Investment property	Fixtures and fittings	Total
	£	£	£
Cost
At 1 January 2024 and 31 December 2024	2,852,667	1,374	2,854,041
	------------	-------	------------
Depreciation
At 1 January 2024	–	794	794
Charge for the year	–	305	305
	------------	-------	------------
At 31 December 2024	–	1,099	1,099
	------------	-------	------------
Carrying amount
At 31 December 2024	2,852,667	275	2,852,942
	------------	-------	------------
At 31 December 2023	2,852,667	580	2,853,247
	------------	-------	------------

Included within the above is investment property as follows:

	£
	------------
At 1 January 2024 and 31 December 2024	2,852,667
	------------

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

6. Debtors

	2024	2023
	£	£
Trade debtors	4,540	31,348
	-------	--------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	40,000	40,000
Trade creditors	791	7,317
Social security and other taxes	7,360	10,328
Other creditors	1,962,478	1,846,328
	------------	------------
	2,010,629	1,903,973
	------------	------------

The bank loans of £40,000 (2023 - £40,000) are secured by a charge over the company's assets.

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

	2024	2023
	£	£
Bank loans and overdrafts	950,000	990,000
	---------	---------

The bank loans of £950,000 (2023 - £990,000) are secured by a charge over the company's assets.

9. Provisions

	Deferred tax (note 10)
	£
At 1 January 2024 and 31 December 2024	( 2,093)
	-------

10. Deferred tax

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

	2024	2023
	£	£
Included in provisions (note 9)	( 2,093)	( 2,093)
	-------	-------

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

	2024	2023
	£	£
Fair value adjustment of investment property	( 2,093)	( 2,093)
	-------	-------

11. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

12. Reserves

Profit and loss account - These reserves record retained earnings and accumulated losses. Other reserves - These reserves record fair value gains on investment properties net of deferred tax.

13. 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	Owed to	1,779,227	1,704,303