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Registration number: 08798260

Skyglass Developments Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Skyglass Developments Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

Skyglass Developments Limited

Company Information

Directors | D Hall J Hall

Registered office | 74A Station Road East Oxted Surrey England RH8 0PG

Accountants | Smart Accounting & Tax Solutions LLP 74A Station Road East Oxted Surrey RH8 0PG

Skyglass Developments Limited

(Registration number: 08798260)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 3 | - | 95
Investments | 4 | 33,417 | 247,270
|  | 33,417 | 247,365
Current assets |  |  |
Debtors | 5 | 60,344 | 3,946
Cash at bank and in hand |  | 4,715 | 85
|  | 65,059 | 4,031
Creditors: Amounts falling due within one year | 6 | (22,424) | (103,084)
Net current assets/(liabilities) |  | 42,635 | (99,053)
Total assets less current liabilities |  | 76,052 | 148,312
Creditors: Amounts falling due after more than one year | 6 | (205,451) | (330,526)
Net liabilities |  | (129,399) | (182,214)
Capital and reserves |  |  |
Called up share capital | 7 | 100 | 100
Retained earnings |  | (129,499) | (182,314)
Shareholders' deficit |  | (129,399) | (182,214)

Skyglass Developments Limited

(Registration number: 08798260)
Balance Sheet as at 31 March 2025

For the financial 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.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 January 2026 and signed on its behalf by:

......................................... D Hall Director

Skyglass Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
74A Station Road East
Oxted
Surrey
RH8 0PG
England

These financial statements were authorised for issue by the Board on 30 January 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The tax expense for the period comprises Corporation Tax, based on the Company's taxable profit and chargeable gains. Tax is recognised in the profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Skyglass Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 33% Straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Skyglass Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Skyglass Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3 | Tangible assets

| Office equipment £ | Total £
Cost or valuation
At 1 April 2024 | 2,677 | 2,677
At 31 March 2025 | 2,677 | 2,677
Depreciation
At 1 April 2024 | 2,582 | 2,582
Charge for the year | 95 | 95
At 31 March 2025 | 2,677 | 2,677
Carrying amount
At 31 March 2025 | - | -
At 31 March 2024 | 95 | 95

4 | Investments

| 2025 £ | 2024 £
Investments in joint ventures | 33,417 | 247,270

Joint ventures | £
Cost
At 1 April 2024 | 247,270
Additions | 137,453
Disposals | (351,306)
At 31 March 2025 | 33,417
Provision
Carrying amount
At 31 March 2025 | 33,417
At 31 March 2024 | 247,270

Skyglass Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Joint ventures
ACD Partners LLP | 1st Floor Healthaid House, Marlborough Hill, Harrow, Middlesex, HA1 1UD |  | 50% | 50%
| England & Wales |  |  |

Joint ventures
ACD Partners LLP The principal activity of ACD Partners LLP is residential property development.

5 | Debtors

Current | 2025 £ | 2024 £
Other debtors | 60,344 | 3,946
| 60,344 | 3,946

Skyglass Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | 20,414 | -
Accruals and deferred income | 2,010 | 3,575
Other creditors | - | 99,509
| 22,424 | 103,084

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 205,451 | 330,526

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 30,451 | 30,526
Other borrowings | 175,000 | 300,000
| 205,451 | 330,526