REGISTERED NUMBER: 04874823 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

FOR

SKYBLU LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs C Barker

D Barker

SECRETARY:

Miss C E Jacques

REGISTERED OFFICE:

Grove Barn

11 Silica Court

Kirk Sandall

Doncaster

South Yorkshire

DN3 1EG

REGISTERED NUMBER:

04874823 (England and Wales)

AUDITORS:

Leesing Marrison Lee & Co

Chartered Certified Accountants

Register Auditor

46 Main Street

Mexborough

South Yorkshire

S64 9DU

FIXED ASSETS

Tangible assets

4

26,323

12,145

CURRENT ASSETS

Debtors

5

278,208

276,076

Cash at bank

151,508

278,758

429,716

554,834

CREDITORS

Amounts falling due within one year

6

262,321

221,164

NET CURRENT ASSETS

167,395

333,670

TOTAL ASSETS LESS CURRENT LIABILITIES

193,718

345,815

CREDITORS

Amounts falling due after more than one year

7

-

(8,214

)

PROVISIONS FOR LIABILITIES

(6,581

)

(3,036

)

NET ASSETS

187,137

334,565

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

187,037

334,465

SHAREHOLDERS' FUNDS

187,137

334,565

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd January 2026 and were signed on its behalf by:

D Barker - Director

1.	STATUTORY INFORMATION

Skyblu 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.

The accounts have been prepared on a going concern basis which assumes the continued financial support of the directors.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, has been amortised evenly over its estimated useful life of 2 years. It is fully amortised.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1st October 2024

6,979

27,622

10,534

45,135

Additions

-

28,635

-

28,635

Disposals

-

(27,622

)

-

(27,622

)

At 30th September 2025

6,979

28,635

10,534

46,148

DEPRECIATION

At 1st October 2024

6,366

20,500

6,124

32,990

Charge for year

153

5,727

1,455

7,335

Eliminated on disposal

-

(20,500

)

-

(20,500

)

At 30th September 2025

6,519

5,727

7,579

19,825

NET BOOK VALUE

At 30th September 2025

460

22,908

2,955

26,323

At 30th September 2024

613

7,122

4,410

12,145

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

195,113

50,142

Amounts owed by group undertakings

82,964

225,803

Other debtors

131

131

278,208

276,076

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans and overdrafts

7,904

10,000

Trade creditors

111,105

3,874

Amounts owed to group undertakings

75,000

75,000

Taxation and social security

60,115

123,442

Other creditors

8,197

8,848

262,321

221,164

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans

-

8,214

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Tippett (Senior Statutory Auditor)

for and on behalf of Leesing Marrison Lee & Co

9.	RELATED PARTY DISCLOSURES

The directors are interested as directors in Albemarle Homes Limited, Albemarle Portfolio Limited and Albemarle Holdings Limited.

The company made sales of £92,165 (2024: £NIL) to Albemarle Homes Limited during the year and there is a balance due from Albemarle Homes Limited at the balance sheet date of £60 (2024: £132,589) which is included in Other Debtors and an amount of £110,597 (2024: £NIL) included in Trade Debtors. During the year, the client paid for management services from Albemarle Homes Limited of £92,218 (2024: £169,367) and at the year end an amount of £110,662 (2024: NIL) was due to Albemarle Homes Limited and included in Trade Creditors.

There is a balance due from Albermarle Portfolio Limited at the balance sheet date of £82,904 (2024: £93,214) which is included in Other Debtors. During the year, the company charged interest to Albemarle Portfolio Limited of £338 (2024: £592) on the outstanding loan balance.

At the balance sheet date and amount of £75,000 (2024: £75,000) is owed to Albemarle Holdings Limited and is included in Other Creditors.

10.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Albemarle Holdings Limited.

The directors owning the entire issued share capital of the controlling party exercised control over the company.