Company registration number 00708416 (England and Wales)
SKY HOLDINGS (SOUTH WEST) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
SKY HOLDINGS (SOUTH WEST) LTD
COMPANY INFORMATION
Directors
Mr S K Yeo
Mrs K E Yeo
Secretary
Mrs K E Yeo
Company number
00708416
Registered office
Unit 25 De Havilland Road
Skypark
Clyst Honiton
Exeter
EX5 2GE
Accountants
Streets Bush Limited
2 Barnfield Crescent
Exeter
EX1 1QT
SKY HOLDINGS (SOUTH WEST) LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
SKY HOLDINGS (SOUTH WEST) LTD
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment properties
3
1,029,440
1,029,440
Current assets
Debtors
4
323
304
Cash at bank and in hand
308,708
240,168
309,031
240,472
Creditors: amounts falling due within one year
5
(28,864)
(28,698)
Net current assets
280,167
211,774
Net assets
1,309,607
1,241,214
Capital and reserves
Called up share capital
7,000
7,000
Retained earnings
1,302,607
1,234,214
Total equity
1,309,607
1,241,214

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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

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

SKY HOLDINGS (SOUTH WEST) LTD
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2025
30 April 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 2 October 2025 and are signed on its behalf by:
Mr S K Yeo
Director
Company Registration No. 00708416
SKY HOLDINGS (SOUTH WEST) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 3 -
1
Accounting policies
Company information

SKY Holdings (South West) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 25 De Havilland Road, Skypark, Clyst Honiton, Exeter, EX5 2GE.

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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents invoiced sales of property rental.

1.3
Investment properties

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.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its 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 instruments 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/payments discounted at a market rate of interest. Financial instruments classified as receivable or payable within one year are not amortised.

SKY HOLDINGS (SOUTH WEST) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

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

2025
2024
Number
Number
Total
2
2
3
Investment property
2025
£
Fair value
At 1 May 2024 and 30 April 2025
1,029,440

The freehold property was revalued by the directors' on an open market basis as at 30 April 2025.

If the investment properties had not been revalued they would have been included at their historical cost of £914,239.

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
323
304
SKY HOLDINGS (SOUTH WEST) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 5 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
23,354
22,217
Other creditors
5,510
6,481
28,864
28,698
2025-04-30 2024-05-01 false false false 02 October 2025 CCH Software CCH Accounts Production 2025.200 The principal activity of the company in the year was that of residential and commercial lettings.
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