Skyline Plus Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

Skyline Plus Ltd

Company Information

Directors

Mr M Hall Mr PA Lavelle

Registered office

14 Woodward Road Kirkby Liverpool Merseyside L33 7UZ

Accountants

UHY Williamson Croft Chartered Certified AccountantsWilliamson Croft (Liverpool) Limited 1 Old Hall Street Liverpool L3 9HF

Skyline Plus Ltd

(Registration number: 10134975)
Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Investment property	4	2,864,090	2,789,853
Current assets
Debtors	5	6,287	5,643
Cash at bank and in hand		20,177	529,704
		26,464	535,347
Creditors: Amounts falling due within one year	6	(1,748,390)	(2,195,836)
Net current liabilities		(1,721,926)	(1,660,489)
Total assets less current liabilities		1,142,164	1,129,364
Creditors: Amounts falling due after more than one year	6	(343,740)	(450,608)
Net assets		798,424	678,756
Capital and reserves
Called up share capital	7	4	4
Revaluation reserve		542,570	542,570
Retained earnings		255,850	136,182
Shareholders' funds		798,424	678,756

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 August 2026 and signed on its behalf by:
 

Skyline Plus Ltd

(Registration number: 10134975)
Balance Sheet as at 31 August 2025

......................................... Mr M Hall Director

......................................... Mr PA Lavelle Director

Skyline Plus Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales .

The address of its registered office is:
14 Woodward Road
Kirkby
Liverpool
Merseyside
L33 7UZ

These financial statements were authorised for issue by the Board on 26 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company.

Summary of disclosure exemptions

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement..

Revenue recognition

Income comprises the provision of properties for rent in the ordinary course of the company’s activities. Rent is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Skyline Plus Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the Directors . The Directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Skyline Plus Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 2).

4	Investment properties

	2025 £
At 1 September	2,789,853
Additions	74,237
At 31 August	2,864,090

At the year end the directors have valued the investment properties held by the company at £2,864,090 (2024: £2,789,853). The valuation is based on market values of similar properties in the surrounding area,

If the investment properties had been accounted for under the historical cost accounting rules, the value would be £2,321,520 (2024: £2,247,282)

There has been no valuation of investment property by an independent valuer.

5

Debtors

Current	2025 £	2024 £
Trade debtors	4,725	4,278
Prepayments	1,562	1,365
	6,287	5,643

Skyline Plus Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

6

Creditors

	Note	2025 £	2024 £
Due within one year
Trade creditors		1,940	-
Amounts owed to group undertakings and undertakings in which the company has a participating interest	8	1,702,101	2,160,825
Taxation and social security		39,889	30,611
Accruals and deferred income		2,160	2,100
Other creditors		2,300	2,300
		1,748,390	2,195,836