REGISTERED NUMBER: 09043274 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

Skilled Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S E Green

REGISTERED OFFICE:

Unit 1-3

Vernon Road

Halesowen

West Midlands

B62 8HN

REGISTERED NUMBER:

09043274 (England and Wales)

ACCOUNTANTS:

Haines Watts Wolverhampton Limited

Keepers Lane

The Wergs

Wolverhampton

West Midlands

WV6 8UA

FIXED ASSETS

Tangible assets

4

279,733

287,209

Investment property

5

3,340,799

1,686,482

3,620,532

1,973,691

CURRENT ASSETS

Debtors

6

40,441

6,412

Cash at bank

63,407

734,476

103,848

740,888

CREDITORS

Amounts falling due within one year

7

365,756

84,863

NET CURRENT (LIABILITIES)/ASSETS

(261,908

)

656,025

TOTAL ASSETS LESS CURRENT LIABILITIES

3,358,624

2,629,716

CREDITORS

Amounts falling due after more than one year

8

(276,992

)

-

PROVISIONS FOR LIABILITIES

(71,512

)

(10,937

)

NET ASSETS

3,010,120

2,618,779

CAPITAL AND RESERVES

Called up share capital

10

60

60

Share premium

515,000

515,000

Revaluation reserve

11

229,969

-

Retained earnings

2,265,091

2,103,719

SHAREHOLDERS' FUNDS

3,010,120

2,618,779

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 September 2026 and were signed by:

S E Green - Director

1.	STATUTORY INFORMATION

Skilled Properties 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.

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.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

The turnover shown in the profit and loss account is the amount receivable for the provision of goods and services falling within the Company's activities, net of Value Added Tax, rebates and trade discounts.

Turnover from the provision of goods and services is recognised in the accounting period in which the Company obtains the right to consideration in exchange for its performance and when the amounts to be recognised are fixed or determinable and collectability is reasonably assured.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

33% on cost

No depreciation is provided on freehold buildings. This policy is not in accordance with Financial Reporting Standard 102 Section 1A small entities. However, in the opinion of the directors the effect is not material.

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 Profit and Loss Account, 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

228,000

4,519

72,474

1,524

306,517

Additions

-

2,146

-

-

2,146

At 31 December 2025

228,000

6,665

72,474

1,524

308,663

DEPRECIATION

At 1 January 2025

-

1,130

16,654

1,524

19,308

Charge for year

-

1,249

8,373

-

9,622

At 31 December 2025

-

2,379

25,027

1,524

28,930

NET BOOK VALUE

At 31 December 2025

228,000

4,286

47,447

-

279,733

At 31 December 2024

228,000

3,389

55,820

-

287,209

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

1,686,482

Additions

1,407,325

Revaluations

246,992

At 31 December 2025

3,340,799

NET BOOK VALUE

At 31 December 2025

3,340,799

At 31 December 2024

1,686,482

Fair value at 31 December 2025 is represented by:

£

Valuation in 2025

246,992

Cost

3,093,807

3,340,799

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

38,552

6,412

Other debtors

1,889

-

40,441

6,412

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

250,000

-

Trade creditors

1,453

1,453

Taxation and social security

53,636

38,619

Other creditors

60,667

44,791

365,756

84,863

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

276,992

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

526,992

-

Bank loans are secured by a fixed and floating charge over the property owned by the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

60

Ordinary

£1

60

60

11.

RESERVES

Revaluatio

reserve

£

Transfer from reval'n reserve

229,969

At 31 December 2025

229,969