Company Registration No. 11552765 (England and Wales)
Skew Ltd
Unaudited accounts
for the year ended 31 December 2022
Skew Ltd
Unaudited accounts
Contents
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
Skew Ltd
Statement of financial position
as at 31 December 2022
Debtors
7,871,110
2,077,389
Cash at bank and in hand
1,001,210
3,317,560
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
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
Skew Ltd
Notes to the Accounts
for the year ended 31 December 2022
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.
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 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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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.
Amounts falling due within one year
Amounts due from group undertakings etc.
7,825,988
2,031,967
5
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
1,401
118,339
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
-
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).
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).