Skye Homes Limited

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

Registered number: 08674900

		2025		2024 as restated
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	27,898		27,898
Debtors	5	175,961		175,961
Cash at bank and in hand		100		100

		203,959		203,959
Creditors: Amounts Falling Due Within One Year	6	(117,732 )		(117,731 )

NET CURRENT ASSETS (LIABILITIES)			86,227		86,228

TOTAL ASSETS LESS CURRENT LIABILITIES			86,227		86,228

Creditors: Amounts Falling Due After More Than One Year	7		(37,119 )		(37,119 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(5,570 )		(5,570 )

NET ASSETS			43,538		43,539

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			43,438		43,439

SHAREHOLDERS' FUNDS			43,538		43,539

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Skye Homes Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 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 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 C A Lewis

Director

23 December 2025

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

1. General Information

Skye Homes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08674900 . The registered office is 19 The Paddock, Great Sutton, South Wirral, Merseyside, CH66 2NN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

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.

2.3. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.4. Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Stocks

	2025	2024 as restated
	£	£
Stock - work in progress	-	27,898
Stock - materials	27,898	-

	27,898	27,898

5. Debtors

	2025	2024 as restated
	£	£
Due within one year
Other debtors	46,338	46,338
Directors' loan accounts	129,623	129,623

	175,961	175,961

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Skye Homes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024 as restated
	£	£
Trade creditors	6,669	6,668
Bank loans and overdrafts	6,030	6,030
Corporation tax	52,047	52,047
VAT	9,830	9,830
Other creditors	38,190	38,190
Accruals and deferred income	1,275	1,275
Directors' loan accounts	3,691	3,691

	117,732	117,731

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

	2025	2024 as restated
	£	£
Bank loans	37,119	37,119

8. Share Capital

	2025	2024 as restated
	£	£
Allotted, Called up and fully paid	100	100

9. Directors Advances, Credits and Guarantees

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Garry Lewis	129,623	-	-	-	129,623

The above loan is unsecured, interest free and repayable on demand.

10. Related Party Transactions

The following related party transactions were undertaken during the year:

During the period, a company under common control, provided no advances (2024: advances of £41,000) and received repayments of £nil (2024: £5,260). At the balance sheet date the amounts owed from Skye Homes Limited totalled £35,740 (2024: £35,740).

During the period, a company under common control, provided no advances (20234: no advances) of which no repayments were made (2024: no repayments). At the balance sheet date the amounts owed from Skye Homes Limited totalled £2,450 (2024: £2,450).

During the year, a company under common control, made no loans to the company (2023: no loans) and received no repayments (2024: no repayments). At the year end the amount owed to Skye Homes Limited was £540 (2024: £540).

During the year, a company under common control, made loans to the company of £nil and received no repayments. At the year end the amount owed to Skye Homes Limited was £818.

No dividends were paid to the directors or shareholders in respect of their shareholdings.

No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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Skye Homes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

11. Ultimate Controlling Party

The company's ultimate controlling party is Tudor Heritage Inns (Milner Cop) Limited by virtue of his ownership of 100% of the issued share capital in the company. Tudor Heritage Inns (Milner Cop) Limited was incorporated in England and Wales and the registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, L1 3DN.

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