REGISTERED NUMBER: 10983700 (England and Wales)

SKL ENTERPRISES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

8

Chartered Certified Accountants' Report

9

DIRECTORS:

Mrs L A Beach

Mrs S L Mitchell

Mrs P Nash

Mr B R Nash

REGISTERED OFFICE:

Lambsquay House

Perrygrove Road

Coleford

Gloucestershire

GL16 8QB

REGISTERED NUMBER:

10983700 (England and Wales)

ACCOUNTANTS:

Lockett & Co

Chartered Certified Accountants

Shelton House

Coningsby Street

Hereford

Herefordshire

HR1 2DY

FIXED ASSETS

Tangible assets

4

783,037

796,026

Investments

5

220

220

Investment property

6

2,830,050

2,756,213

3,613,307

3,552,459

CURRENT ASSETS

Stocks

14,006

12,312

Debtors

7

364,688

244,896

Cash at bank and in hand

101,793

121

480,487

257,329

CREDITORS

Amounts falling due within one year

8

1,201,779

1,180,044

NET CURRENT LIABILITIES

(721,292

)

(922,715

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,892,015

2,629,744

CREDITORS

Amounts falling due after more than one year

9

(1,544,593

)

(1,336,298

)

PROVISIONS FOR LIABILITIES

(184,897

)

(194,816

)

NET ASSETS

1,162,525

1,098,630

CAPITAL AND RESERVES

Called up share capital

330

330

Profit and loss reserve - non distributable

11

479,496

479,496

Retained earnings

682,699

618,804

SHAREHOLDERS' FUNDS

1,162,525

1,098,630

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2025 and were signed on its behalf by:

Mrs P Nash - Director

1.	STATUTORY INFORMATION

SKL Enterprises Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention, except for modification to a fair value basis for certain fixed assets, as specified in the accounting policies below.

Preparation of consolidated financial statements

The financial statements contain information about SKL Enterprises Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

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

Turnover represents rental income received or receivable by the company from leasing its investment properties and income from the sale of food and beverages from its public house.

Turnover from the sale of food and beverages is recognised at the point of sale.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

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

Freehold property

2% straight line basis

Plant and machinery

10% reducing balance basis

Furniture, fittings and equipment

10% reducing balance basis

Motor vehicles

20% reducing balance basis

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial assets and financial liabilities are recognised on the balance sheet when the entity becomes party to the contractual provisions of the financial instrument.

Debtors and Creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Bank loans are initially recognised at the transaction price including transaction costs. Subsequent to initial recognition, loans are stated at amortised cost using the effective interest rate method, less impairment.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

696,712

147,120

843,832

Additions

-

4,677

4,677

At 31 March 2025

696,712

151,797

848,509

DEPRECIATION

At 1 April 2024

10,566

37,240

47,806

Charge for year

5,370

12,296

17,666

At 31 March 2025

15,936

49,536

65,472

NET BOOK VALUE

At 31 March 2025

680,776

102,261

783,037

At 31 March 2024

686,146

109,880

796,026

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

220

NET BOOK VALUE

At 31 March 2025

220

At 31 March 2024

220

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

2,756,213

Additions

73,837

At 31 March 2025

2,830,050

NET BOOK VALUE

At 31 March 2025

2,830,050

At 31 March 2024

2,756,213

Investment properties were valued on an open market freehold basis on 31 March 2025 by the directors of the company, based on professional valuations.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

270

270

Amounts owed by group undertakings

349,328

224,285

Other debtors

15,090

20,341

364,688

244,896

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

162,975

146,074

Trade creditors

86,686

108,208

Amounts owed to group undertakings

594,470

542,111

Taxation and social security

2,141

-

Other creditors

355,507

383,651

1,201,779

1,180,044

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,544,593

1,336,298

Amounts falling due in more than five years:

Repayable by instalments

Bank mortgage more than 5 years

1,189,232

1,056,548

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

96,682

91,135

Bank loans

1,610,886

1,391,237

1,707,568

1,482,372

The bank borrowing is secured by legal charges and a fixed and floating charge over the company's assets.

11.

RESERVES

Profit

and loss

reserve -

non

distributable

£

At 1 April 2024

and 31 March 2025

479,496

This non-distributable reserve relates to unrealised gains less attributable deferred tax, on investment properties carried at fair value, transferred from profit and loss reserve.

12.	OTHER FINANCIAL COMMITMENTS

The company has provided a cross company guarantee, in support of a subsidiary company's bank facility.

13.	OFF-BALANCE SHEET ARRANGEMENTS

At 31 March 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £16,470 (2024: £20,862).

14.	RELATED PARTY DISCLOSURES

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit and Loss Account and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SKL Enterprises Limited for the year ended 31 March 2025 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of SKL Enterprises Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of SKL Enterprises Limited and state those matters that we have agreed to state to the Board of Directors of SKL Enterprises Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that SKL Enterprises Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of SKL Enterprises Limited. You consider that SKL Enterprises Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of SKL Enterprises Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Lockett & Co

Chartered Certified Accountants

Shelton House

Coningsby Street

Hereford

Herefordshire

HR1 2DY

28 November 2025