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REGISTERED NUMBER: 10604982 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SKELCHER HOLDINGS LIMITED

SKELCHER HOLDINGS LIMITED (REGISTERED NUMBER: 10604982)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SKELCHER HOLDINGS LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: Miss R Flinn
R G Skelcher





REGISTERED OFFICE: Unit 4c
Westfield Road
Kineton Road Industrial Estate
Southam
Warwickshire
CV47 0JH





REGISTERED NUMBER: 10604982 (England and Wales)






SKELCHER HOLDINGS LIMITED (REGISTERED NUMBER: 10604982)

ABRIDGED BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,194 4,660
Investments 5 2 2
Investment property 6 961,357 961,357
965,553 966,019

CURRENT ASSETS
Debtors 172,395 153,645

CREDITORS
Amounts falling due within one year 141,628 189,842
NET CURRENT ASSETS/(LIABILITIES) 30,767 (36,197 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

996,320

929,822

PROVISIONS FOR LIABILITIES 28,819 28,819
NET ASSETS 967,501 901,003

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 7 107,588 107,588
Retained earnings 859,911 793,413
SHAREHOLDERS' FUNDS 967,501 901,003

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

SKELCHER HOLDINGS LIMITED (REGISTERED NUMBER: 10604982)

ABRIDGED BALANCE SHEET - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 1 November 2024 and were signed on its behalf by:





Miss R Flinn - Director


SKELCHER HOLDINGS LIMITED (REGISTERED NUMBER: 10604982)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Skelcher Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below.

Preparation of consolidated financial statements
The financial statements contain information about Skelcher Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to properties - 10% on reducing balance

It is the company's policy to maintain its freehold property to a high standard with the cost of repairs and maintenance being charged to the profit and loss account. Due to the anticipated high residual value, it is considered that consumption of this property is negligible. Consequently a depreciation rate of 0% has been used.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

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 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.


SKELCHER HOLDINGS LIMITED (REGISTERED NUMBER: 10604982)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 6,932
DEPRECIATION
At 1 April 2023 2,272
Charge for year 466
At 31 March 2024 2,738
NET BOOK VALUE
At 31 March 2024 4,194
At 31 March 2023 4,660

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2023
and 31 March 2024 2
NET BOOK VALUE
At 31 March 2024 2
At 31 March 2023 2

SKELCHER HOLDINGS LIMITED (REGISTERED NUMBER: 10604982)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 961,357
NET BOOK VALUE
At 31 March 2024 961,357
At 31 March 2023 961,357

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2022 101,908
Valuation in 2023 34,500
Cost 824,949
961,357

7. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 107,588