REGISTERED NUMBER: 04104178 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

SKY BLUE DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTORS:

CCW Trodd

Mrs S J Trodd

SECRETARY:

CCW Trodd

REGISTERED OFFICE:

Kingston House

Fox Pond Lane

Lymington

Hampshire

SO41 8FW

REGISTERED NUMBER:

04104178 (England and Wales)

ACCOUNTANTS:

Higson & Co (Deal) Ltd

45 Queen Street

Deal

Kent

CT14 6EY

FIXED ASSETS

Tangible assets

4

139

264

Investment property

5

1,150,000

1,140,000

1,150,139

1,140,264

CURRENT ASSETS

Debtors

6

6,378

8,544

Cash at bank

7,898

5,252

14,276

13,796

CREDITORS

Amounts falling due within one year

7

753,153

626,127

NET CURRENT LIABILITIES

(738,877

)

(612,331

)

TOTAL ASSETS LESS CURRENT LIABILITIES

411,262

527,933

CREDITORS

Amounts falling due after more than one year

8

(56,909

)

(211,314

)

PROVISIONS FOR LIABILITIES

10

(62,210

)

(59,710

)

NET ASSETS

292,143

256,909

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

11

186,629

179,129

Retained earnings

105,414

77,680

SHAREHOLDERS' FUNDS

292,143

256,909

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 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 24 July 2026 and were signed on its behalf by:

CCW Trodd - Director

1.	STATUTORY INFORMATION

Sky Blue Developments Limited 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.

The financial statements are presented in round pounds £ 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

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

Fixtures and fittings

-

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 December 2024

and 30 November 2025

258

400

847

1,505

DEPRECIATION

At 1 December 2024

183

289

769

1,241

Charge for year

19

28

78

125

At 30 November 2025

202

317

847

1,366

NET BOOK VALUE

At 30 November 2025

56

83

-

139

At 30 November 2024

75

111

78

264

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

1,140,000

Revaluations

10,000

At 30 November 2025

1,150,000

NET BOOK VALUE

At 30 November 2025

1,150,000

At 30 November 2024

1,140,000

Fair value at 30 November 2025 is represented by:

£

Valuation in 2016

100,815

Valuation in 2018

45,000

Valuation in 2019

65,139

Valuation in 2020

23,036

Valuation in 2021

96,166

Valuation in 2024

(91,317

)

Valuation in 2025

10,000

Cost

901,161

1,150,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,015

6,331

DPS control account

3,363

2,213

6,378

8,544

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans

-

33,096

Tax

6,533

1,949

Rent deposits

5,613

4,463

Directors' current accounts

740,203

585,889

Accrued expenses

804

730

753,153

626,127

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other loans - 1-2 years

-

35,165

Other loans - 2-5 years

-

37,363

Other loans more 5yrs instal

-

81,877

Mortgage

56,909

56,909

56,909

211,314

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Mortgage

56,909

56,909

Repayable by instalments

Other loans more 5yrs instal

-

81,877

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Mortgage

56,909

56,909

Other loan

-

187,500

56,909

244,409

The mortgage was secured on the property at 56 St Andrews Road, Deal, Kent.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

62,210

59,710

Deferred

tax

£

Balance at 1 December 2024

59,710

Provided during year

2,500

Balance at 30 November 2025

62,210

Deferred tax is provided on the fair value adjustments made to the Company's investment properties.

11.

RESERVES

Fair

value

reserve

£

At 1 December 2024

179,129

Transfer to fair value reserve

7,500

At 30 November 2025

186,629

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2025 and 30 November 2024:

2025

2024

£

£

CCW Trodd

Balance outstanding at start of year

585,889

590,768

Amounts advanced

(22,329

)

12,617

Amounts repaid

176,643

(17,496

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

740,203

585,889

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2025 set out on pages one to eleven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Higson & Co (Deal) Ltd

45 Queen Street

Deal

Kent

CT14 6EY

Date: .............................................