0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 229,557 229,556 1 1 229,557 xbrli:pure xbrli:shares iso4217:GBP 08592888 2023-04-01 2024-03-31 08592888 2024-03-31 08592888 2023-03-31 08592888 2021-12-01 2023-03-31 08592888 2023-03-31 08592888 2021-11-30 08592888 bus:Director1 2023-04-01 2024-03-31 08592888 core:WithinOneYear 2024-03-31 08592888 core:WithinOneYear 2023-03-31 08592888 core:ShareCapital 2024-03-31 08592888 core:ShareCapital 2023-03-31 08592888 core:SharePremium 2024-03-31 08592888 core:SharePremium 2023-03-31 08592888 core:RetainedEarningsAccumulatedLosses 2024-03-31 08592888 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 08592888 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2024-03-31 08592888 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 08592888 core:Non-currentFinancialInstruments 2024-03-31 08592888 core:Non-currentFinancialInstruments 2023-03-31 08592888 bus:SmallEntities 2023-04-01 2024-03-31 08592888 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08592888 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08592888 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08592888 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 08592888
Skillwise Holdings Limited
Filleted Unaudited Financial Statements
31 March 2024
Skillwise Holdings Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Investments
4
1
229,557
Current assets
Debtors
5
1
1
Creditors: amounts falling due within one year
6
( 120,000)
( 120,001)
---------
---------
Net current liabilities
( 119,999)
( 120,000)
---------
---------
Total assets less current liabilities
( 119,998)
109,557
---------
---------
Capital and reserves
Called up share capital
5
5
Share premium account
109,552
109,552
Profit and loss account
( 229,555)
---------
---------
Shareholders (deficit)/funds
( 119,998)
109,557
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 16 August 2024 , and are signed on behalf of the board by:
J P Greenhalgh
Director
Company registration number: 08592888
Skillwise Holdings Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Venture House, Arlington Square, Bracknell, Berkshire, RG12 1WA, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The shareholders of the company have agreed to meet the liabilities of the company, as they fall due, for a minimum of 12 months.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Investments
Shares in group undertakings
£
Cost
At 1 April 2023
229,557
Disposals
( 229,556)
---------
At 31 March 2024
1
---------
Impairment
At 1 April 2023 and 31 March 2024
---------
Carrying amount
At 31 March 2024
1
---------
At 31 March 2023
229,557
---------
5. Debtors
2024
2023
£
£
Other debtors
1
1
----
----
6. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
120,000
Other creditors
120,000
1
---------
---------
120,000
120,001
---------
---------