Skm Investments Limited Accounts






Skm Investments Limited

	Company No. 12467539
		Information for Filing with The Registrar
		28 February 2025

The Directors present their report and the accounts for the year ended 28 February 2025.

Principal activities
The principal activity of the company during the year under review was buying and letting of properties.




Directors

The Directors who served at any time during the year were as follows:

K.A. Matthews
S.E. Matthews








































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

S.E. Matthews
Director
29 August 2025

at	28 February 2025
Company No.		12467539	Notes	2025	2024
				£	£
Fixed assets

	Tangible assets		4	209	-
	Investment property		5	470,000	454,196

				470,209	454,196
Current assets

	Debtors		6	5,476	5,244

	Cash at bank and in hand			83,869	35,440
				89,345	40,684
Creditors: Amount falling due within one year			7	(475,298)	(463,666)
Net current liabilities				(385,953)	(422,982)
Total assets less current liabilities				84,256	31,214

Provisions for liabilities
	Deferred taxation			(8,797)	(5,755)

Net assets				75,459	25,459

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		9	75,359	25,359

Total equity				75,459	25,459



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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 section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 29 August 2025 and signed on its behalf by:
K.A. Matthews
Director
29 August 2025

for the year ended 28 February 2025

General information

Skm Investments Limited is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 12467539

Its registered office is:

2 Forest Farm Business Park

Fulford

York

YO19 4RH

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Furniture, fittings and equipment

33% Straight line

Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Freehold investment property

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 at the reporting end date. The surplus or deficit on revaluation is
recognised in profit or loss.

No depreciation is provided in respect of investment properties.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

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

3	Employees
			2025	2024
			Number	Number
		The average monthly number of employees (including directors) during the year was:	2	2

4	Tangible fixed assets
			Fixtures, fittings and equipment	Total
			£	£
		Cost or revaluation

		Additions	260	260



		At 28 February 2025	260	260
		Depreciation

		Charge for the year	51	51



		At 28 February 2025	51	51
		Net book values
		At 28 February 2025	209	209

5	Investment property
			Freehold Investment Property
			£
		Valuation
		At 1 March 2024	454,196

		Revaluation	15,804

		At 28 February 2025	470,000


		The properties have been revalued by the Directors, Mr & Mrs Matthews, at the reporting end date with the assistance of local estate agents and digital valuation tools reviewing sales of similar properties sold in the area to arrive at the current valuation.

6	Debtors
			2025	2024
			£	£







		Prepayments and accrued income	5,476	5,244
			5,476	5,244

7	Creditors:
		amounts falling due within one year
			2025	2024
			£	£






		Taxes and social security	8,066	-
		Loans from directors	463,810	462,347
		Other creditors	2,000	-
		Accruals and deferred income	1,422	1,319
			475,298	463,666

Share Capital

Share capital comprises 45 Ordinary A £1 shares, 45 Ordinary B £1 shares and 10 Ordinary C £1 shares, fully paid up. Ordinary shares are classified as equity. Equity instruments are measured at fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.