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Company No: 01075183 (England and Wales)

# SKERROLS PROPERTY COMPANY LIMITED

### Unaudited Financial Statements
For the financial year ended 31 January 2026
Pages for filing with the registrar

SKERROLS PROPERTY COMPANY LIMITED

## Unaudited Financial Statements

For the financial year ended 31 January 2026

Contents

SKERROLS PROPERTY COMPANY LIMITED

## BALANCE SHEET

As at 31 January 2026
SKERROLS PROPERTY COMPANY LIMITED

## BALANCE SHEET (continued)

As at 31 January 2026

| Note | 2026 |  | 2025
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 | 1,900,000 |  | 2,120,000
|  | 1,900,000 |  | 2,120,000
Current assets |  |  |  |
Debtors | 4 | 4,099 |  | 27,214
Cash at bank and in hand |  | 420,013 |  | 159,268
|  | 424,112 |  | 186,482
Creditors: amounts falling due within one year | 5 | ( 35,328) |  | ( 25,642)
Net current assets |  | 388,784 |  | 160,840
Total assets less current liabilities |  | 2,288,784 |  | 2,280,840
Net assets |  | 2,288,784 |  | 2,280,840
Capital and reserves |  |  |  |
Called-up share capital | 6 | 1,625 |  | 1,625
Profit and loss account |  | 2,287,159 |  | 2,279,215
Total shareholders' funds |  | 2,288,784 |  | 2,280,840

Included within the profit and loss account reserves is £168,042 (2025: £168,042) of non-distributable reserves.

For the financial year ending 31 January 2026 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 financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Skerrols Property Company Limited (registered number: 01075183) were approved and authorised for issue by the Board of Directors on 07 April 2026. They were signed on its behalf by:

Mr M S Thorpe Director |

SKERROLS PROPERTY COMPANY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2026
SKERROLS PROPERTY COMPANY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2026

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Skerrols Property Company Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is:
The Pavilion
Botleigh Grange Business Park
Hedge End
Southampton
SO30 2AF
United Kingdom
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover represents rent receivable for the year, stated after deduction of value added tax. Rental income is recognised in the period to which it relates. Rent received in advance is deferred and presented within accruals and deferred income in creditors. Rent not received but that has been invoiced by the period end is included in trade debtors.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

##### Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

##### Financial instruments

Classification
The company holds the following financial instruments:
• Short term trade and other debtors and creditors;
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

#### 2. Employees

| 2026 |  | 2025
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 1 |  | 1

#### 3. Investment property

| Investment property
| £
Valuation |
As at 01 February 2025 | 2,120,000
Disposals | (220,000)
As at 31 January 2026 | 1,900,000

The investment properties were revalued on 31 January 2019 by Brackenridge Hanson Tate, Savills and John Arkwright & Co, RICS qualified surveyors who are external to the company. The basis of valuation was open market value.

#### 4. Debtors

| 2026 |  | 2025
| £ |  | £
Trade debtors | 0 |  | 10,016
Other debtors | 4,099 |  | 17,198
| 4,099 |  | 27,214

#### 5. Creditors: amounts falling due within one year

| 2026 |  | 2025
| £ |  | £
Taxation and social security | 20,163 |  | 4,470
Other creditors | 15,165 |  | 21,172
| 35,328 |  | 25,642

#### 6. Called-up share capital

| 2026 |  | 2025
| £ |  | £
Allotted, called-up and fully-paid |  |  |
1,625 Ordinary shares of £ 1.00 each | 1,625 |  | 1,625