1 December 2024 false No description of principal activity Taxfiler 2024.6 12993026 business:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 12993026 2024-11-30 12993026 2024-12-01 2025-11-30 12993026 business:AuditExempt-NoAccountantsReport 2024-12-01 2025-11-30 12993026 business:FilletedAccounts 2024-12-01 2025-11-30 12993026 2025-11-30 12993026 business:Director1 2024-12-01 2025-11-30 12993026 business:RegisteredOffice 2024-12-01 2025-11-30 12993026 2024-11-30 12993026 core:WithinOneYear 2025-11-30 12993026 core:WithinOneYear 2024-11-30 12993026 core:AfterOneYear 2025-11-30 12993026 core:AfterOneYear 2024-11-30 12993026 core:ShareCapital core:PreviouslyStatedAmount 2025-11-30 12993026 core:ShareCapital core:PreviouslyStatedAmount 2024-11-30 12993026 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-11-30 12993026 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-11-30 12993026 core:PreviouslyStatedAmount 2025-11-30 12993026 core:PreviouslyStatedAmount 2024-11-30 12993026 business:SmallEntities 2024-12-01 2025-11-30 12993026 countries:EnglandWales 2024-12-01 2025-11-30 12993026 core:AfterOneYear 2024-12-01 2025-11-30 12993026 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure
Company Registration No. 12993026 (England and Wales)
SKYWAVE PROPERTY INVESTMENT LTD Unaudited accounts for the year ended 30 November 2025
SKYWAVE PROPERTY INVESTMENT LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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SKYWAVE PROPERTY INVESTMENT LTD Company Information for the year ended 30 November 2025
Director
Po Lun Li
Company Number
12993026 (England and Wales)
Registered Office
1 BAILEY CLOSE KIBWORTH HARCOURT LEICESTER LE8 0XG ENGLAND
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SKYWAVE PROPERTY INVESTMENT LTD Statement of financial position as at 30 November 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
4
255,000
239,000
Current assets
Cash at bank and in hand
9,303
8,190
Creditors: amounts falling due within one year
5
(52,128)
(57,355)
Net current liabilities
(42,825)
(49,165)
Total assets less current liabilities
212,175
189,835
Creditors: amounts falling due after more than one year
6
(155,050)
(149,021)
Provisions for liabilities
Deferred tax
(11,551)
(8,674)
Net assets
45,574
32,140
Capital and reserves
Called up share capital
12
12
Profit and loss account
45,562
32,128
Shareholders' funds
45,574
32,140
For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 August 2026 and were signed on its behalf by
Po Lun Li Director Company Registration No. 12993026
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SKYWAVE PROPERTY INVESTMENT LTD Notes to the Accounts for the year ended 30 November 2025
1
Statutory information
SKYWAVE PROPERTY INVESTMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 12993026. The registered office is 1 BAILEY CLOSE, KIBWORTH HARCOURT, LEICESTER, LE8 0XG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Investment property
2025
£
Fair value at 1 December 2024
239,000
Net gain from fair value adjustments
16,000
At 30 November 2025
255,000
The directors determined the value by reference to Zoopla estimated market values, and it was not independently professionally valued.
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SKYWAVE PROPERTY INVESTMENT LTD Notes to the Accounts for the year ended 30 November 2025
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
-
6,031
Loans from directors
52,128
51,324
52,128
57,355
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
155,050
149,021
The bank loan is secured by a legal charge over the company's investment property. The loan is interest only and £155,050 is repayable after more than five years.
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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