Sk1 Properties Ltd
12608697
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Last accounts
31/05/2025
total exemption full
Next accounts due
28/02/2027
Confirmation statement
Last: 17/05/2026
Due 31/05/2027
Industry
Officers
director · Since 18/05/2020
BUSINESSMAN
BRITISH · UNITED KINGDOM · Age 51
Also on 4 other boards
Persons with Significant Control
Mr Muhammad Khalid
British · United Kingdom · Age 51
134, West Road, Newcastle Upon Tyne, NE4 9QA
Notified 18/05/2020
Mrs Shazia Parveen Khalid
British · England · Age 47
134, West Road, Newcastle Upon Tyne, NE4 9QA
Notified 18/05/2020
Charges2 outstanding
THE MORTGAGE WORKS (UK) PLC
THE MORTGAGE WORKS (UK) PLC
Change History
Active
Private Limited Company
134 WEST ROAD
NEWCASTLE UPON TYNE
CompanyRankvs 122026+ SIC 68209 peers29
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
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
Key FinancialsYear ending 31/05/2025
Net Worth
£23k
Balance sheet strength
Cash
£23k
Cash in the bank
Net Current Assets
-£253k
Working capital
Current Assets
£23k
Current Liabilities
£276k
Fixed Assets
£375k
Tax at Year End
Director Loans
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.09 | +£0 |
| 2025 | 0.09 | +£17k |
| 2024 | 0.02 | +£3k |
| 2023 | 0.02 | — |
Derived from filed accounts. Not audited figures.