SKN HORIZONS LTD

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—6

Registered number: 12357971

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	6		1,445		-
Investment Properties	7		1,053,000		1,083,285

			1,054,445		1,083,285
CURRENT ASSETS
Debtors	8	9,148		16,037
Cash at bank and in hand		53,138		3,314

		62,286		19,351
Creditors: Amounts Falling Due Within One Year	9	(655,354 )		(625,562 )

NET CURRENT ASSETS (LIABILITIES)			(593,068 )		(606,211 )

TOTAL ASSETS LESS CURRENT LIABILITIES			461,377		477,074

Creditors: Amounts Falling Due After More Than One Year	10		(338,952 )		(408,110 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(33,427 )		(23,607 )

NET ASSETS			88,998		45,357

CAPITAL AND RESERVES
Called up share capital	11		100		100
Income Statement			88,898		45,257

SHAREHOLDERS' FUNDS			88,998		45,357

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SKN HORIZONS LTD

Statement of Financial Position (continued)

As At 31 December 2025

For the year ending 31 December 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Ms Shantini Kumarasamy

Director

24 September 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

SKN HORIZONS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12357971 . The registered office is 143 Station Road, Hampton, Middlesex, TW12 2AL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Business Know How are being amortised evenly over their estimated useful life of five years.

2.5. Tangible Fixed Assets and Depreciation

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

Fixtures & Fittings	over 4 years
Computer Equipment	over 3 years

2.6. Investment Properties

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.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

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SKN HORIZONS LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Tax on Profit

	Tax Rate		2025	2024
	2025	2024	£	£
Current tax
UK Corporation Tax	20.0%	19.0%	3,998	1,997
Deferred Tax
Deferred taxation			9,820	8,516


Total tax charge for the period			13,818	10,513

	2025	2024
	£	£
Profit before tax	57,459	25,937

Breakdown of tax charge is:
Tax on profit at 19% (UK standard rate)	12,965	4,928
Goodwill/depreciation not allowed for tax	137	584
Expenses not deductible for tax purposes	278	-
Capital allowances	(411 )	-
Short term timing differences	9,820	8,516
Revenue exempt from taxation	(8,971 )	(3,515 )

Total tax charge for the period	13,818	10,513

5. Intangible Assets

	Other
	£
Cost
As at 1 January 2025	23,729

As at 31 December 2025	23,729

Amortisation
As at 1 January 2025	23,729

As at 31 December 2025	23,729

Net Book Value
As at 31 December 2025	-

As at 1 January 2025	-

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SKN HORIZONS LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost or Valuation
As at 1 January 2025	12,300	1,781	14,081
Additions	-	2,168	2,168
Disposals	-	(1,234 )	(1,234 )

As at 31 December 2025	12,300	2,715	15,015

Depreciation
As at 1 January 2025	12,300	1,781	14,081
Provided during the period	-	723	723
Disposals	-	(1,234 )	(1,234 )

As at 31 December 2025	12,300	1,270	13,570

Net Book Value
As at 31 December 2025	-	1,445	1,445

As at 1 January 2025	-	-	-

7. Investment Property

	2025
	£
Fair Value
As at 1 January 2025	1,083,285
Disposals	(77,500 )
Revaluations	47,215

As at 31 December 2025	1,053,000

Fair value at 31 December 2025 is represented by:

	£
Valuation in 2021	(5,078)
Valuation in 2022	48,065
Valuation in 2023	29,910
Valuation in 2024	7,000
Valuation in 2025	47,215
Cost	925,888
	1,053,000

8. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,578	-
Other debtors	7,570	16,037

	9,148	16,037

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SKN HORIZONS LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

9. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	9,524	5,128
Other creditors	641,099	617,421
Taxation and social security	4,731	3,013

	655,354	625,562

10. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	338,952	408,110

The Mortgages provided by Hampshire Trust Bank Plc are secured against the freehold properties known as: 7 Stockbridge Street, Liverpool, L56PA, 4 Forest Road, Sutton, Notts, NG17 3BB, 14 Brookdale Road, Sutton-in-Ashfield, NG17 4LP and theleasehold property known as 5 Pinehurst Road, Liverpool, L4 2TU.

	2025		2024
	£		£
Bank loans and overdrafts	338,952		408,110

11. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

12. Reserves

	Income Statement
	£
As at 1 January 2025	45,257
Profit for the year and total comprehensive income	43,641

As at 31 December 2025	88,898

Reserves include £93,685 which is not distributable. This relates to the unrealised revaluation of investment properties and the deferred tax effects.

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