SKR Homes Ltd - Accounts to registrar (filleted) - small 18.2

SKR Homes Ltd - Accounts to registrar (filleted) - small 18.2

SKR HOMES LTD - Company Information

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REGISTERED NUMBER: 10998380 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2020

FOR

SKR HOMES LTD
SKR HOMES LTD (REGISTERED NUMBER: 10998380)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SKR HOMES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2020







DIRECTORS: Mr K Rajakanthan
Mr C N Rajakanthan
Mr A J Rajakanthan





REGISTERED OFFICE: 30 Station Road
Orpington
BR6 0SA





REGISTERED NUMBER: 10998380 (England and Wales)





ACCOUNTANTS: Accountancy Group
Accountants & Business Consultants
SVS House
Oliver Grove
London
SE25 6EJ
Page 1
SKR HOMES LTD (REGISTERED NUMBER: 10998380)

BALANCE SHEET
30 SEPTEMBER 2020

2020 2019
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,213,513 1,214,847

CURRENT ASSETS
Cash at bank 5 -

CREDITORS
Amounts falling due within one year 5 (1,333 ) (893 )
NET CURRENT LIABILITIES (1,328 ) (893 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,212,185
1,213,954

CREDITORS
Amounts falling due after more than one
year
6
(1,251,436
)
(1,276,905
)
NET LIABILITIES (39,251 ) (62,951 )

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings (39,256 ) (62,956 )
(39,251 ) (62,951 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

Page 2 continued...
SKR HOMES LTD (REGISTERED NUMBER: 10998380)

BALANCE SHEET - continued
30 SEPTEMBER 2020


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 June 2021 and were signed on its behalf by:





Mr K Rajakanthan - Director


The notes form part of these financial statements

Page 3
SKR HOMES LTD (REGISTERED NUMBER: 10998380)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020

1. STATUTORY INFORMATION

Skr Homes Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

Page 4 continued...
SKR HOMES LTD (REGISTERED NUMBER: 10998380)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2020

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 October 2019
and 30 September 2020 1,211,838 5,337 1,217,175
DEPRECIATION
At 1 October 2019 - 2,328 2,328
Charge for year - 1,334 1,334
At 30 September 2020 - 3,662 3,662
NET BOOK VALUE
At 30 September 2020 1,211,838 1,675 1,213,513
At 30 September 2019 1,211,838 3,009 1,214,847

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade creditors 833 893
Other creditors 500 -
1,333 893

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2020 2019
£    £   
Other creditors 1,251,436 1,276,905

7. RELATED PARTY DISCLOSURES

At the year end, included in other creditors is an amount of £154,992 (2019:149,025) due to a director of the company.

Page 5