REGISTERED NUMBER: 06425794 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

SKHC PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Kershaw

Mrs E D Kershaw

SECRETARY:

Mrs E D Kershaw

REGISTERED OFFICE:

Briardene House

Wintles Hill

Westbury on Severn

Gloucestershire

GL14 1QB

REGISTERED NUMBER:

06425794 (England and Wales)

ACCOUNTANTS:

Randall & Payne LLP

Chartered Accountants

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

FIXED ASSETS

Tangible assets

4

70,731

78,370

Investment property

5

970,058

970,058

1,040,789

1,048,428

CURRENT ASSETS

Debtors

6

48,543

49,694

Cash at bank

8,016

7,675

56,559

57,369

CREDITORS

Amounts falling due within one year

7

570,124

607,433

NET CURRENT LIABILITIES

(513,565

)

(550,064

)

TOTAL ASSETS LESS CURRENT LIABILITIES

527,224

498,364

PROVISIONS FOR LIABILITIES

6,685

7,740

NET ASSETS

520,539

490,624

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

520,439

490,524

520,539

490,624

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 June 2026 and were signed on its behalf by:

S J Kershaw - Director

Mrs E D Kershaw - Director

1.	STATUTORY INFORMATION

SKHC Properties Ltd 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 as modified by the revaluation of certain assets.

The presentation currency of the financial statements is the Pound Sterling (£).

Turnover

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

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

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

Going concern

The directors have considered the risks and issues concerning the company and it's activities and no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern have been identified by the directors.

Provisions

Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

43,990

37,799

60,945

3,500

146,234

Additions

-

1,645

-

-

1,645

At 31 March 2026

43,990

39,444

60,945

3,500

147,879

DEPRECIATION

At 1 April 2025

-

30,072

35,769

2,023

67,864

Charge for year

-

2,343

6,294

647

9,284

At 31 March 2026

-

32,415

42,063

2,670

77,148

NET BOOK VALUE

At 31 March 2026

43,990

7,029

18,882

830

70,731

At 31 March 2025

43,990

7,727

25,176

1,477

78,370

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

970,058

NET BOOK VALUE

At 31 March 2026

970,058

At 31 March 2025

970,058

Fair value at 31 March 2026 is represented by:

£

Valuation in 2022

101,343

Cost

868,715

970,058

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Amounts owed by associates

46,000

47,000

Prepayments and accrued income

2,543

2,694

48,543

49,694

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

-

80

Corporation Tax

10,868

8,400

Social security and other taxes

214

-

VAT

3,448

3,471

Other creditors

7,000

7,000

Directors' loan accounts

540,281

577,734

Accruals and deferred income

8,313

10,748

570,124

607,433

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

2026

2025

£

£

S J Kershaw and Mrs E D Kershaw

Balance outstanding at start of year

(577,734

)

(625,702

)

Amounts advanced

44,424

47,968

Amounts repaid

(6,971

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(540,281

)

(577,734

)

Interest has been charged where applicable at the HMRC official rate and there are no set repayment terms.