SKILL CAPITAL HOLDINGS LIMITED

Company Registration Number:
05701911 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

SKILL CAPITAL HOLDINGS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

SKILL CAPITAL HOLDINGS LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Investments: 3 1,000,100 1,000,990
Total fixed assets: 1,000,100 1,000,990
Current assets
Debtors: 4 34,778 55,303
Cash at bank and in hand: 36,467 1,179,021
Total current assets: 71,245 1,234,324
Creditors: amounts falling due within one year: 5 (4,484,225) (5,819,058)
Net current assets (liabilities): (4,412,980) (4,584,734)
Total assets less current liabilities: (3,412,880) (3,583,744)
Creditors: amounts falling due after more than one year: 6 (366,793) (2,201,467)
Total net assets (liabilities): (3,779,673) (5,785,211)
Capital and reserves
Called up share capital: 1,000 1,000
Other reserves:   (1,280,882)
Profit and loss account: (3,780,673) (4,505,329)
Shareholders funds: (3,779,673) (5,785,211)

The notes form part of these financial statements

SKILL CAPITAL HOLDINGS LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 21 March 2024
and signed on behalf of the board by:

Name: Adrian Lamb
Status: Director

The notes form part of these financial statements

SKILL CAPITAL HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SKILL CAPITAL HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

SKILL CAPITAL HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Fixed investments

2023 2022Investment In Subsidiaries 1000100 1000990

SKILL CAPITAL HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 0 0

SKILL CAPITAL HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022Bank Loans and overdrafts 183,396 700,167Trade Creditors 5,452 6,235Amounts owed to group undertakings 4,271,211 5,090,776Accruals and deferred income 24,166 21,880Total 4,484,225 5,819,058

SKILL CAPITAL HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due after more than one year note

31.12.2023 31.12.2022Bank Loans and overdrafts 336,793 1,233,418Other Creditors 968,049Total 336,793 2,201,467

SKILL CAPITAL HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Related party transactions

Name of the related party:
Relationship:
group company
Description of the Transaction: Under the provision of FRS 102 paragraph 33.1 (a) the company has not disclosed transactions with other wholly owned members of the group headed by Skill Capital Holdings Limited. It should be noted that during the year the company received a material dividend payment from Skill Capital SARL of £1,243,441.Amounts due from and to group undertakings at 31 December 2022 and 31 December 2023 have been disclosed within notes 8 and 9.
£
Balance at 01 January 2023 643,873
Balance at 31 December 2023 34,417

SKILL CAPITAL HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

8. Post balance sheet events

Skillcapital.com Ltd, a wholly owned subsidiary of Skill Capital Holdings, was dissolved on 16th January 2024. Skill Capital GmbH will be deregistered in Germany in 2024