Skin Geeks Ltd - Filleted accounts

Skin Geeks Ltd
Registered number:		06873374
Statement of Financial Position
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		250,000			220,000

Current assets
Debtors	5	8,900			11,894
Cash at bank and in hand		5,258			762
		14,158			12,656

Creditors: amounts falling due within one year	6	(23,110)			(29,766)

Net current liabilities			(8,952)			(17,110)

Total assets less current liabilities			241,048			202,890

Creditors: amounts falling due after more than one year	7		(42,142)			(49,808)

Provisions for liabilities			(11,255)			(5,555)


Net assets			187,651			147,527

Capital and reserves
Called up share capital			1			1
Revaluation reserve	8		47,980			23,680
Profit and loss account			139,670			123,846

Shareholder's funds			187,651			147,527

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




D Maree
Director
Approved by the board on 8 December 2025

Skin Geeks Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.


	Turnover
	Turnover represents the value of rent receivable for the period less discounts and VAT.

	Investments
	The investment property is included at fair value. Gains are recognised in the income statement. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

	Debtors
	Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.



2	Exceptional items					2025		2024
£							£

	Value adjustments on fixed assets and current asset investments					(30,000)		(40,000)
						(30,000)		(40,000)


3	Employees and directors					2025		2024
Number							Number

	Average number of directors and persons employed by the company					1		1


4	Tangible fixed assets
								Land and buildings
£
	Cost
	At 1 April 2024							220,000
	Fair value movements							30,000
	At 31 March 2025							250,000

	Depreciation
	At 31 March 2025							-

	Net book value
	At 31 March 2025							250,000
	At 31 March 2024							220,000




5	Debtors					2025		2024
£							£

	Trade debtors					8,900		2,000
	Other debtors					-		9,894
						8,900		11,894


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					7,076		7,076
	Accruals					896		895
	Corporation tax					6,314		2,366
	Other taxes and social security costs					2,453		966
	Other creditors					6,371		18,463
						23,110		29,766


7	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					42,142		49,808


8	Revaluation reserve					2025		2024
£							£

	At 1 April 2024					23,680		-
	Gain on revaluation of land and buildings					30,000		29,235
	Deferred taxation arising on the revaluation of land and buildings					(5,700)		(5,555)

	At 31 March 2025					47,980		23,680


9	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	D Maree
	Repayable on demand	9,894		-		9,894		-

		9,894		-		9,894		-


10	Other information

	Skin Geeks Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	269 Farnborough Road
	Farnborough
	Hampshire
	GU14 7LY