Skyline (Land and Property) Limited
|
For the year ended 30 November 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 02618620
Skyline (Land and Property) Limited
For the year ended 30 November 2015
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Skyline (Land and Property) Limited
Chartered Accountants' Report
For the year ended 30 November 2015
Chartered Accountants' Report to the Board of Directors
In order to assist you to fulfil your duties under Companies Act
2006
,
we have prepared for your approval the accounts of
|
Skyline
(
Land and Property
)
Limited for the year ended
30
November
2015
which comprise the Profit and Loss Account
,
the
|
Balance Sheet and the related notes from the company
'
s accounting records and from information and explanations you have
|
given us
.
|
As a practising firm of the Institute of Chartered Accountants in England and Wales
(
ICAEW
)
,
we are subject to its ethical and
|
other professional requirements which are detailed at icaew
.
com
/
membershandbook
.
|
This report is made solely to the Board of Directors of Skyline
(
Land and Property
)
Limited
,
as a body
,
in accordance with the
|
terms of our engagement letter dated
.
Our work has been undertaken solely to prepare for your approval the accounts of
|
Skyline
(
Land and Property
)
Limited and state those matters that we have agreed to state to the Board of Directors of Skyline
|
(
Land and Property
)
Limited
,
as a body
,
in this report in accordance with AAF
2
/
10
as detailed at icaew
.
com
/
compilation
.
To
|
the fullest extent permitted by law
,
we do not accept or assume responsibility to anyone other than Skyline
(
Land and Property
)
|
Limited and its Board of Directors as a body for our work or for this report
.
|
It is your duty to ensure that Skyline
(
Land and Property
)
Limited has kept adequate accounting records to prepare statutory
|
accounts that give a true and fair view of the assets
,
liabilities
,
financial position and loss of Skyline
(
Land and Property
)
|
Limited
.
You consider that Skyline
(
Land and Property
)
Limited is exempt from the statutory audit requirement for the year
.
|
We have not been instructed to carry out an audit or a review of the accounts of Skyline
(
Land and Property
)
Limited
.
For this
|
reason
,
we have not verified the accuracy or completeness of the accounting records or information and explanations you have
|
given to us and we do not
,
therefore
,
express any opinion on the statutory accounts
.
|
Symons Chartered Accountants
Willow Corner
7 Ackrells Mead
Little Sandhurst
Berkshire
GU47 8JJ
28 June 2016
1 of 4
Abbreviated Balance Sheet
|
Skyline (Land and Property) Limited
2015
2014
2
1,835
613
59,585
38,321
3
40,156
60,198
7
-
87,050
75,155
87,050
75,162
Creditors
:
amounts falling due within one year
|
(826)
(1,748)
74,336
85,302
Net current assets
Total assets less current liabilities
|
125,458
134,534
125,458
Net assets
134,534
100
4
100
125,358
134,434
125,458
134,534
Shareholders funds
For the year ended 30 November 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
|
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
|
2) 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 in accordance with the provisions applicable to companies subject to the small companies' regime.
|
Date approved by the board: 24 June 2016
|
Miss Joanne Dawn Seward Director
|
Signed on behalf of the board of directors
|
2 of 4
Notes to the Abbreviated Financial Statements
|
Skyline (Land and Property) Limited
For the year ended 30 November 2015
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
|
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
|
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.
|
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the
|
shareholders prior to the balance sheet date
.
|
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Fixtures and Fittings
Fixed asset investments are stated at market value
,
if listed
,
or at directors
'
valuation
,
if unlisted
.
The market value is based on the
|
closing middle market price
.
|
3 of 4
Notes to the Abbreviated Financial Statements
|
Skyline (Land and Property) Limited
For the year ended 30 November 2015
2,631
1,833
4,464
2,018
611
Charge for year
2,629
1,835
613
3
Fixed asset investments
|
59,585
(21,264)
38,321
38,321
59,585
Skyline (Land & Property) Ltd has a 30% investment in an LLP. A capital loan has been made to the LLP which is shown at cost less its allocation of trading loss for the year.
|
Allotted called up and fully paid
|
2015
2014
50
Ordinary A shares of £
1
.
00
each
|
50
50
50
Ordinary B shares of £
1
.
00
each
|
50
50
100
100
4 of 4