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Company Registration No. 11552765 (England and Wales)
Skew Ltd Unaudited accounts for the year ended 31 December 2022
Skew Ltd Unaudited accounts Contents
Page
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Skew Ltd Company Information for the year ended 31 December 2022
Director
Alesia Jeanne Haas
Company Number
11552765 (England and Wales)
Registered Office
The Scalpel, 18th Floor 52 Lime Street London EC3M 7AF United Kingdom
Accountants
The Accountancy Cloud 12-18 Hoxton Street London N1 6NG UK
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Skew Ltd Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Current assets
Debtors
7,871,110 
2,077,389 
Cash at bank and in hand
1,001,210 
3,317,560 
8,872,320 
5,394,949 
Creditors: amounts falling due within one year
(1,401)
(193,521)
Net current assets
8,870,919 
5,201,428 
Total assets less current liabilities
8,870,919 
5,201,428 
Creditors: amounts falling due after more than one year
(697,203)
- 
Net assets
8,173,716 
5,201,428 
Capital and reserves
Called up share capital
43,968 
43,968 
Share premium
5,399,953 
5,399,953 
Capital redemption reserve
(2,837)
(2,837)
Profit and loss account
2,732,632 
(239,656)
Shareholders' funds
8,173,716 
5,201,428 
For the year ending 31 December 2022 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 October 2023 and were signed on its behalf by
Alesia Jeanne Haas Director Company Registration No. 11552765
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Skew Ltd Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
Skew Ltd is a private company, limited by shares, registered in England and Wales, registration number 11552765. The registered office is The Scalpel, 18th Floor, 52 Lime Street, London, EC3M 7AF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Going concern
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
4
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
VAT
45,122 
44,622 
Trade debtors
- 
800 
Amounts due from group undertakings etc.
7,825,988 
2,031,967 
7,871,110 
2,077,389 
5
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
- 
1,132 
Taxes and social security
1,401 
118,339 
Deferred income
- 
74,050 
1,401 
193,521 
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Skew Ltd Notes to the Accounts for the year ended 31 December 2022
6
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Taxes and social security
697,203 
- 
7
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
43,968,883 Ordinary shares of £0.001 each
43,968.88 
43,968.88 
8
Transactions with related parties
At the year end, £7,825,988 was due from Coinbase Inc (2021; £2,031,967).
9
Controlling party
Skew Ltd is a wholly owned subsidiary of Coinbase Global Inc, 1209 Orange Street, Corporation Trust Center, C/O The Corporation Trust Company, Wilmington, Delaware, United States, 19801.
10
Average number of employees
During the year the average number of employees was 0 (2021: 8).
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