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REGISTERED NUMBER: 00611057 (England and Wales)















SKELL FINANCE CO. LIMITED

Unaudited Financial Statements

for the Year Ended 31 December 2023






SKELL FINANCE CO. LIMITED (Registered number: 00611057)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SKELL FINANCE CO. LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: B C Kunz
S F Kunz





SECRETARY: S F Kunz





REGISTERED OFFICE: 1 Park View Court
St Paul's Road
Shipley
West Yorkshire
BD18 3DZ





REGISTERED NUMBER: 00611057 (England and Wales)





ACCOUNTANTS: Maclean & Company
1 Park View Court
St Paul's Road
Shipley
West Yorkshire
BD18 3DZ

SKELL FINANCE CO. LIMITED (Registered number: 00611057)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 527,016 537,217

CURRENT ASSETS
Debtors 5 22,516 31,904
Cash at bank 836,162 761,651
858,678 793,555
CREDITORS
Amounts falling due within one year 6 813,020 777,198
NET CURRENT ASSETS 45,658 16,357
TOTAL ASSETS LESS CURRENT
LIABILITIES

572,674

553,574

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 562,674 543,574
SHAREHOLDERS' FUNDS 572,674 553,574

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 11 September 2024 and were signed on its behalf by:



B C Kunz - Director



S F Kunz - Director


SKELL FINANCE CO. LIMITED (Registered number: 00611057)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

SKELL FINANCE CO. 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.

Turnover
Turnover represents net rentals of property and equipment, and management charges receivable, excluding value added tax.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Investment properties - not provided
Plant and machinery - 10% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Investment properties
Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

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

SKELL FINANCE CO. LIMITED (Registered number: 00611057)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Investment Plant and Computer
properties machinery equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 435,210 507,008 12,963 955,181
DEPRECIATION
At 1 January 2023 - 405,002 12,962 417,964
Charge for year - 10,201 - 10,201
At 31 December 2023 - 415,203 12,962 428,165
NET BOOK VALUE
At 31 December 2023 435,210 91,805 1 527,016
At 31 December 2022 435,210 102,006 1 537,217

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 22,516 30,959
Other debtors - 945
22,516 31,904

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation 12,662 7,262
Other creditors 800,358 769,936
813,020 777,198