REGISTERED NUMBER: 13135773 (England and Wales)

SK20 Properties Ltd

Unaudited Financial Statements

for the Year Ended 31st March 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

R B E Cowdell

Dr L Walsh

REGISTERED OFFICE:

310 Wellingborough Road

Northampton

Northamptonshire

NN1 4EP

BUSINESS ADDRESS:

Kinfauns

Uppingham Road

Skeffington

Leicester

LE7 9YE

REGISTERED NUMBER:

13135773 (England and Wales)

ACCOUNTANTS:

Cheney & Co

310 Wellingborough Road

Northampton

NN1 4EP

FIXED ASSETS

Tangible assets

5

261,947

264,227

CURRENT ASSETS

Debtors

6

-

33

Cash at bank

2,953

2,203

2,953

2,236

CREDITORS

Amounts falling due within one year

7

148,812

152,408

NET CURRENT LIABILITIES

(145,859

)

(150,172

)

TOTAL ASSETS LESS CURRENT LIABILITIES

116,088

114,055

CREDITORS

Amounts falling due after more than one year

8

(94,040

)

(93,000

)

PROVISIONS FOR LIABILITIES

10

(1,100

)

(1,500

)

NET ASSETS

20,948

19,555

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

20,848

19,455

SHAREHOLDERS' FUNDS

20,948

19,555

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th September 2025 and were signed on its behalf by:

R B E Cowdell - Director

Dr L Walsh - Director

1.	STATUTORY INFORMATION

SK20 Properties Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

The principal activity of the company in the year under review was that of holiday letting.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

2% on cost

Fixtures and fittings

-

15% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

leasehold

fittings

Totals

£

£

£

COST

At 1st April 2024

and 31st March 2025

256,478

14,543

271,021

DEPRECIATION

At 1st April 2024

257

6,537

6,794

Charge for year

100

2,180

2,280

At 31st March 2025

357

8,717

9,074

NET BOOK VALUE

At 31st March 2025

256,121

5,826

261,947

At 31st March 2024

256,221

8,006

264,227

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

-

33

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

768

1,688

Other creditors

148,044

150,720

148,812

152,408

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 9)

94,040

93,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

94,040

93,000

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

94,040

93,000

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

1,100

1,500

Deferred

tax

£

Balance at 1st April 2024

1,500

Credit to Income Statement during year

(400

)

Balance at 31st March 2025

1,100

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

12.	CONTINGENT LIABILITIES

There were no contingent liabilities as at 31st March 2025 and at 31st March 2024.

13.	CAPITAL COMMITMENTS

There were no capital commitments as at 31st March 2025 and 31st March 2024.