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REGISTERED NUMBER: 01153556 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SKILLBOND LIMITED

SKILLBOND LIMITED (REGISTERED NUMBER: 01153556)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SKILLBOND LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: N G Sargent
Mrs W A Sargent





SECRETARY: Mrs W A Sargent





REGISTERED OFFICE: Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG





REGISTERED NUMBER: 01153556 (England and Wales)





ACCOUNTANTS: Oury Clark Chartered Accountants
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

SKILLBOND LIMITED (REGISTERED NUMBER: 01153556)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 85,610 98,076
Investment property 5 81,813,354 73,805,948
81,898,964 73,904,024

CURRENT ASSETS
Debtors 6 1,837,517 1,543,002
Cash at bank and in hand 11,668,181 9,638,515
13,505,698 11,181,517
CREDITORS
Amounts falling due within one year 7 3,193,656 2,252,213
NET CURRENT ASSETS 10,312,042 8,929,304
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,211,006

82,833,328

PROVISIONS FOR LIABILITIES 8 7,318,129 5,852,505
NET ASSETS 84,892,877 76,980,823

CAPITAL AND RESERVES
Called up share capital 9 250,000 250,000
Revaluation reserve 10 53,504,440 47,440,775
Retained earnings 10 31,138,437 29,290,048
SHAREHOLDERS' FUNDS 84,892,877 76,980,823

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

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

SKILLBOND LIMITED (REGISTERED NUMBER: 01153556)

BALANCE SHEET - continued
31 DECEMBER 2024


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 4 April 2025 and were signed on its behalf by:




N G Sargent - Director



Mrs W A Sargent - Director


SKILLBOND LIMITED (REGISTERED NUMBER: 01153556)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Skillbond 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rental income recognised evenly over the term of the rental contract, 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.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment properties are revalued annually by the directors to fair value as at the reporting date. Gains or losses on individual properties are recognised at fair value through the profit and loss account, as prescribed by FRS102 16.7. Gains and losses on investment properties recognised in a year are presented to accumulate separately within reserves in accordance with their nature of not being available for distribution.

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.

Pension costs and other post-retirement benefits
The group makes contributions to a defined contribution scheme on behalf of certain employees. The profit and loss charge represents contributions made to the scheme in respect of the year.

Financial instruments
Basic Financial Instruments as covered by Section 11 of FRS 102 are measured at amortised cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS 102.

SKILLBOND LIMITED (REGISTERED NUMBER: 01153556)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 2,832,254
Additions 13,348
At 31 December 2024 2,845,602
DEPRECIATION
At 1 January 2024 2,734,178
Charge for year 25,814
At 31 December 2024 2,759,992
NET BOOK VALUE
At 31 December 2024 85,610
At 31 December 2023 98,076

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 73,805,948
Additions 204,706
Revaluations 7,802,700
At 31 December 2024 81,813,354
NET BOOK VALUE
At 31 December 2024 81,813,354
At 31 December 2023 73,805,948

The investment properties consist mainly of freehold premises however included within the above is long leasehold property with a value of £3.7 million.

The directors consider the value of each property every year based on their assessment of market value, and revalue where necessary. Periodical professional valuations are sought on the properties and valuations are revised where relevant to reflect this professional opinion although there is no requirement for this.

SKILLBOND LIMITED (REGISTERED NUMBER: 01153556)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 1,554,716 1,382,502
Other debtors 282,801 160,500
1,837,517 1,543,002

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 198,253 20,418
Taxation and social security 941,698 452,168
Other creditors & accruals 2,053,705 1,779,627
3,193,656 2,252,213

8. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 7,318,129 5,589,505
Repair Provision - 263,000
7,318,129 5,852,505

Deferred
tax
£   
Balance at 1 January 2024 5,589,505
Provided during year 1,728,624
Balance at 31 December 2024 7,318,129

There is a deferred tax liability included within provisions of £7,318,129 (2023: £5,589,505) relating to the difference between the indexed cost of investment property and its fair value.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
250,000 Ordinary £1 250,000 250,000

SKILLBOND LIMITED (REGISTERED NUMBER: 01153556)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 January 2024 29,290,048 47,440,775 76,730,823
Profit for the year 8,267,053 8,267,053
Dividends (355,000 ) (355,000 )
Transfer of unrealised gains
in year (6,063,664 ) - (6,063,664 )
Net realised and unrealised surplus
on revaluation

-

6,063,665

6,063,665

At 31 December 2024 31,138,437 53,504,440 84,642,877

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr N G Sargent by virtue of his majority shareholding.