SKYLIGHT INNOVATION LLP - Filleted accounts

Registered number

OC452899

SKYLIGHT INNOVATION LLP

Unaudited Filleted Accounts

31 March 2025

SKYLIGHT INNOVATION LLP
Registered number:		OC452899
Balance Sheet
as at 31 March 2025
Notes		2025
£
Fixed assets
Investments	3	116,909
		116,909
Current assets
Debtors	4	15,788
Cash at bank and in hand		1,591
		17,379

Creditors: amounts falling due within one year	5	(630)

Net current assets		16,749

Total assets less current liabilities		133,658


Net assets		133,658

Represented by:
Members' other interests
Members' capital classified as equity		134,316
Other reserves		(658)
		133,658

		133,658

Total members' interests
Members' other interests		133,658

		133,658

For the period ended 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.

These accounts were approved by the members on 27.11.2025 and signed on their behalf by:


S Dickson
Designated member

SKYLIGHT INNOVATION LLP
Notes to the Accounts
for the period from 2 July 2024 to 31 March 2025

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Division of profits
	Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.

	Taxation
	Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.




	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Members' capital
	Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees	2025
Number

	Average number of persons employed by the LLP	0



3	Fixed asset investments

Other
investments			Total
£			£
	Cost
	At 2 July 2024	-		-
	Additions	116,909		116,909
	Revaluation	-		-

	At 31 March 2025	116,909		116,909

	Historical cost
	At 2 July 2024	-
	At 31 March 2025	116,909

	The LLP has acquired 2% shareholding in Geminai Tech Ltd. The shares are valued at cost less impairment.


4	Debtors	2025
£

	Other debtors	15,788
		15,788



5	Creditors: amounts falling due within one year	2025
£

	Other creditors	630
		630


6	Loans and other debts due to members	2025
£

	Members capital classified as debt	-
	Loans from members	-
	Retirement benefit liabilities in respect of current members	-
	Amounts due to members in respect of profits	-
		-

	Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.



7	Controlling party

	The LLP is jointly controlled by its members.


8	Other information

	SKYLIGHT INNOVATION LLP is a limited liability partnership incorporated in England. Its registered office is:
	Suite 1, The Old Farmhouse
	Stansted Courtyard, Parsonage Road
	Takeley

	CM22 6PU