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REGISTERED NUMBER: 06643514 (England and Wales)















Financial Statements for the Year Ended 30 June 2023

for

Skan Ventures Limited

Skan Ventures Limited (Registered number: 06643514)

Contents of the Financial Statements
for the Year Ended 30 June 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Skan Ventures Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: M S M Alessi
R G Skaife
T Cohen
M Alessi



REGISTERED OFFICE: St James House
9-15 St James Road
Surbiton
Surrey
KT6 4QH



REGISTERED NUMBER: 06643514 (England and Wales)



ACCOUNTANTS: Fallows & Company Accountants & Business Advisors
St James House
9-15 St James Road
Surbiton
Surrey
KT6 4QH



BANKERS: National Westminster Bank Plc
250 Regent Street
London
W1A 4RY

Skan Ventures Limited (Registered number: 06643514)

Statement of Financial Position
30 June 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 103,693 86,014
Cash at bank 18,725 28,282
122,418 114,296
CREDITORS
Amounts falling due within one year 5 660 1,530
NET CURRENT ASSETS 121,758 112,766
TOTAL ASSETS LESS CURRENT
LIABILITIES

121,758

112,766

PROVISIONS FOR LIABILITIES - 879
NET ASSETS 121,758 111,887

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 121,755 111,884
SHAREHOLDERS' FUNDS 121,758 111,887

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 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 8 February 2024 and were signed on its behalf by:





T Cohen - Director


Skan Ventures Limited (Registered number: 06643514)

Notes to the Financial Statements
for the Year Ended 30 June 2023


1. STATUTORY INFORMATION

Skan Ventures Limited 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.

Significant judgements and estimates
No significant judgements and estimates have had to be made by the directors in preparing these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable services rendered, stated net of discounts and of Value Added Tax. When the consideration receivable in cash or cash equivalents is deferred, and the arrangement constitutes in effect a financing transaction, the fair value of the consideration is measured as the present value of all future receipts determined using an imputed rate of interest, normally the rate that discounts the nominal amount of consideration to the cash sales price.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the company's activities described below.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction.

At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Skan Ventures Limited (Registered number: 06643514)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 615 -
Amounts owed by group undertakings 103,078 86,014
103,693 86,014

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 780
Accrued expenses 660 750
660 1,530

6. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

7. ULTIMATE CONTROLLING PARTY

Name: Yuza Holdings Ltd

Registered Address: St James House
9-15 St James Road
Surbiton
Surrey
KT6 4QH