REGISTERED NUMBER: 05821824 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2025

for

Skan Properties Limited

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Property, plant and equipment

4

6,943

6,631

Investment property

5

1,140,500

1,140,500

1,147,443

1,147,131

CURRENT ASSETS

Cash at bank

32,582

12,175

CREDITORS

Amounts falling due within one year

6

276,984

259,678

NET CURRENT LIABILITIES

(244,402

)

(247,503

)

TOTAL ASSETS LESS CURRENT LIABILITIES

903,041

899,628

CREDITORS

Amounts falling due after more than one year

7

(334,519

)

(352,275

)

PROVISIONS FOR LIABILITIES

(66,357

)

(66,357

)

NET ASSETS

502,165

480,996

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

8

313,660

313,660

Retained earnings

188,405

167,236

SHAREHOLDERS' FUNDS

502,165

480,996

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2026 and were signed on its behalf by:

Mr Suresh Farmah - Director

1.	STATUTORY INFORMATION

Skan Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

05821824

Registered office:

The Ridge

9 Borrowell Lane

Kenilworth

CV8 1ER

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

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.

Turnover

Revenue 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.

Computer equipment

-

33% on reducing balance

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 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Other financial commitments

Svenska Handelsbanken Ab hold fixed and floating charges over the properties in which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 October 2024

10,053

-

10,053

Additions

-

3,435

3,435

At 30 September 2025

10,053

3,435

13,488

DEPRECIATION

At 1 October 2024

3,422

-

3,422

Charge for year

1,989

1,134

3,123

At 30 September 2025

5,411

1,134

6,545

NET BOOK VALUE

At 30 September 2025

4,642

2,301

6,943

At 30 September 2024

6,631

-

6,631

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

and 30 September 2025

1,140,500

NET BOOK VALUE

At 30 September 2025

1,140,500

At 30 September 2024

1,140,500

Fair value at 30 September 2025 is represented by:

£

Valuation in 2020

203,000

Valuation in 2019

178,017

Cost

759,483

1,140,500

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Taxation and social security

5,244

2,926

Other creditors

271,740

256,752

276,984

259,678

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans

334,519

352,275

8.

RESERVES

Fair

value

reserve

£

At 1 October 2024

and 30 September 2025

313,660