SK3 Investments Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10863460

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,747,434		2,471,240
Investments	5		50		50

			3,747,484		2,471,290
CURRENT ASSETS
Debtors	6	280,893		407,211
Cash at bank and in hand		323,631		38,246

		604,524		445,457
Creditors: Amounts Falling Due Within One Year	7	(3,019,390 )		(2,243,216 )

NET CURRENT ASSETS (LIABILITIES)			(2,414,866 )		(1,797,759 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,332,618		673,531

Creditors: Amounts Falling Due After More Than One Year	8		(1,502,046 )		(751,893 )

NET LIABILITIES			(169,428 )		(78,362 )

CAPITAL AND RESERVES
Called up share capital	10		10		10
Profit and Loss Account			(169,438 )		(78,372 )

SHAREHOLDERS' FUNDS			(169,428)		(78,362)

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SK3 Investments Limited

Balance Sheet (continued)

As At 31 July 2024

For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Thomas Sprange

Director

11th December 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

SK3 Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10863460 . The registered office is 29 Meynell Crescent, London, E9 7AS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Land & property freehold assets are initially measured at cost with any subsequent revaluation recognised in the profit and loss.

Freehold	Market value
Plant & Machinery	25% on cost
Computer Equipment	25% on cost

2.4. Investments - Company

Investments in a subsidiary company is held at cost less accumulated impairment losses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 August 2023	2,461,253	12,500	1,244	2,474,997
Additions	1,279,630	-	-	1,279,630

As at 31 July 2024	3,740,883	12,500	1,244	3,754,627

...CONTINUED

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SK3 Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2024

Depreciation
As at 1 August 2023	-	3,416	341	3,757
Provided during the period	-	3,125	311	3,436

As at 31 July 2024	-	6,541	652	7,193

Net Book Value
As at 31 July 2024	3,740,883	5,959	592	3,747,434

As at 1 August 2023	2,461,253	9,084	903	2,471,240

5. Investments

	Unlisted
	£
Cost
As at 1 August 2023	50

As at 31 July 2024	50

Provision
As at 1 August 2023	-

As at 31 July 2024	-

Net Book Value
As at 31 July 2024	50

As at 1 August 2023	50

Unlisted investments are made up of 50 Ordinary Shares of £1 each in CC & Cole Developments Ltd.

6. Debtors

	2024	2023
	£	£
Due within one year
Amounts owed by participating interests	274,750	274,750
Other debtors	6,143	132,461

	280,893	407,211

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Other creditors	3,019,390	2,243,216

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SK3 Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2024

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	1,502,046	751,893

9. Secured Creditors

Loans are secured by way of a fixed charge over the freehold assets of the company and a mortgage on the freehold property: 213 Old Ford Road, London E3 5NP.

	2024		2023
	£		£
Bank loans and overdrafts	751,834		751,893

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	10	10

11. Related Party Transactions

As at the year end, £2,999,802 (2023: £2,217,382) was owing to the Director and is included in Other Creditors.

Also, included within Debtors is a loan of £274,750 (2023: £274,750) owed from a related party.

12. Ultimate Controlling Party

The company's ultimate controlling party is Mr Thomas Sprange by virtue of his ownership of 100% of the issued share capital in the company.

13. Going Concern

As at the balance sheet date the company had net liabilities. These financial statements have been prepared on the going concern basis, on the understanding that the director and shareholder will continue to support the company for the foreseeable future.

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