Company Registration No. 05084964 (England and Wales)
SKIPTON FUND LIMITED
(A company limited by guarantee and not having a share capital)
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
SKIPTON FUND LIMITED
COMPANY INFORMATION
Directors
C A E Studd
R J Sinclair Taylor
Company number
05084964
Registered office
Russell-Cooke LLP
2 Putney Hill
London
SW15 6AB
Accountants
Ward Williams
Bay Lodge
36 Harefield Road
Uxbridge
UB8 1PH
Business address
Russell-Cooke LLP
2 Putney Hill
London
SW15 6AB
SKIPTON FUND LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
SKIPTON FUND LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 JANUARY 2025
31 January 2025
- 1 -
31.01.2025
31.01.2024
Notes
£
£
£
£
Current assets
Receivables
4
23,122
21,228
Cash at bank and in hand
1
1
23,123
21,229
Current liabilities
5
(23,123)
(21,229)
Net current assets
-
0
-
0
Funds
-
0
-
0

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

The financial statements were approved by the board of directors and authorised for issue on 20 March 2025 and are signed on its behalf by:
C A E Studd
R J Sinclair Taylor
Director
Director
Company Registration No. 05084964
SKIPTON FUND LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 2 -
1
Accounting policies
Company information

Skipton Fund Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Russell-Cooke LLP, 2 Putney Hill, London, SW15 6AB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The company is funded by the Department of Health & Social Care in order to facilitate the preservation of the historic records of the Alliance House Organisations (namely Skipton Fund, Macfarlane Trust, Caxton Foundation and Eileen Trust) who managed the ex gratia schemes for people infected with contaminated blood. The funding was used to enable the Company to respond to subject access requests and to provide information to appropriate public bodies in particular the Public Inquiry dealing with infected blood. This inquiry has now concluded, and the company is in the process of being wound up. For this reason, the company is no longer a going concern, and the financial statements have been prepared on that basis. See the Director's Report on page 1 for further information.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including funding and other creditors, are initially recognised at transaction price.

SKIPTON FUND LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Taxation

The company is a non-trading company and therefore corporation tax is payable only on profits and gains made from non-trading loan relationships.

2
Employees

The company had no (0) employees in either the current or prior year (0).

3
Taxation
UK corporation tax
-
0
-
0
Total UK current tax
-
0
-
0

The company is a non-trading company which previously administered a hepatitis C ex gratia payment scheme on behalf of the Department of Health. Corporation tax is payable only on profits and gains from non-trading loan relationships.

4
Trade and other receivables
2025
2024
Amounts falling due within one year:
£
£
Funding debtors
23,122
14,776
Other receivables
-
0
6,452
23,122
21,228
5
Current liabilities
2025
2024
£
£
Other payables
23,123
21,229
6
Income and expenditure account
2025
2024
£
£
At the beginning of the year
-
-
Surplus/(deficit) for the year
-
0
-
0
At the beginning and end of the year
-
0
-

The Company agreed an exit plan and costs with the Department of Health & Social Care, and the company is the in the process of being wound up.

SKIPTON FUND LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 4 -
7
Related party transactions

During the 31 January 2019 year the company appointed 2 new directors to manage the company until such time as it has fulfilled its obligations referred to in note 6 above. One of the directors is a partner and designated member of Russell-Cooke LLP, the company solicitors. The other director is a consultant to Russell-Cooke LLP. During the year the company incurred costs of £153,999 (2024: £61,901) to Russell-Cooke LLP for services provided, and £16,061 (2024: £13,118) of this was payable as at the year-end.

8
Control

There is no one controlling party as the company is limited by guarantee and does not have share capital. The directors have effective control and are responsible for the the day to day administration of the company.

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