Skyland Hotels Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04296182

Skyland Hotels Limited

Filleted Unaudited Financial Statements

For the year ended

31 December 2025

Skyland Hotels Limited

Financial Statements

Year ended 31 December 2025

Contents	Page

Report to the director on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	4

Skyland Hotels Limited

Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Skyland Hotels Limited

Year ended 31 December 2025

As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 December 2025, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

CLAY SHAW THOMAS LTD

2 Oldfield Road Bocam Park Bridgend CF35 5LJ

4 June 2026

Skyland Hotels Limited

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		–	180,172

Current assets

Stocks		–	27,368
Debtors	6	25,314	111,046
Cash at bank and in hand		115,238	65,316
		---------	---------
		140,552	203,730

Creditors: amounts falling due within one year	7	96,584		85,886
		---------		---------
Net current assets			43,968	117,844
			--------	---------
Total assets less current liabilities			43,968	298,016
			--------	---------
Net assets			43,968	298,016
			--------	---------

Capital and reserves

Called up share capital	2	2
Profit and loss account	43,966	298,014
	--------	---------
Shareholders funds	43,968	298,016
	--------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Skyland Hotels Limited

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 4 June 2026 , and are signed on behalf of the board by:

Mr G D Moon Director

Company registration number: 04296182

Skyland Hotels Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Oldfield Road, Bocam Park, Bridgend, CF35 5LJ.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with section 1A "Small Entities" of the financial reporting standard 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland". The accounts have been prepared under the historical cost convention. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

On 19th May 2025 the trade of the company was sold to an unconnected third party and the process of winding up the company commenced. As a result, the company is no longer considered a going concern and the accounts have been prepared on the break up basis accordingly.

Revenue recognition

Turnover generated by the hotels comprised revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts. Revenue is recognised on the hotels' primary operation when rooms are occupied and food and beverages are sold. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Long leasehold property	-	2% straight line
Plant and machinery	-	20% reducing balance
Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Staff costs

The average number of persons employed by the company during the year amounted to 11 (2024: 28 ).

The aggregate payroll costs incurred during the year, relating to the above, were:

	2025	2024
	£	£
Wages and salaries	229,835	568,030
Other pension costs	119,545	65,354
	---------	---------
	349,380	633,384
	---------	---------

5. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost
At 1 Jan 2025	63,168	454,300	368,935	49,497	64,980	1,000,880
Disposals	( 63,168)	( 454,300)	( 368,935)	( 49,497)	( 64,980)	( 1,000,880)
	--------	---------	---------	--------	--------	------------
At 31 Dec 2025	–	–	–	–	–	–
	--------	---------	---------	--------	--------	------------
Depreciation
At 1 Jan 2025	17,451	366,887	344,700	33,377	58,293	820,708
Disposals	( 17,451)	( 366,887)	( 344,700)	( 33,377)	( 58,293)	( 820,708)
	--------	---------	---------	--------	--------	------------
At 31 Dec 2025	–	–	–	–	–	–
	--------	---------	---------	--------	--------	------------
Carrying amount
At 31 Dec 2025	–	–	–	–	–	–
	--------	---------	---------	--------	--------	------------
At 31 Dec 2024	45,717	87,413	24,235	16,120	6,687	180,172
	--------	---------	---------	--------	--------	------------

6. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings	23,827	80,467
Other debtors	1,487	30,579
	--------	---------
	25,314	111,046
	--------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	584	40,240
Social security and other taxes	–	20,897
Other creditors	96,000	24,749
	--------	--------
	96,584	85,886
	--------	--------

8. Controlling party

The parent company of Skyland Hotels Limited is Carnellian Limited, a company registered in the Isle of Man. 90% of the share capital of Carnellian Limited is owned by Carnellian Holdings Limited, a company registered in the Isle of Man. The ultimate controlling party is Mrs P A Moon, by virtue of her being Trustee of the two trusts that jointly own 100% of the issued share capital of Carnellian Holdings Limited.