SKC Studios Limited
(Previously known as SKC Games Studio Limited)
Unaudited Financial Statements
For the year ended 30 November 2025
Pages for Filing with Registrar
Company Registration No. 12042744 (England and Wales)
SKC Studios Limited
(Previously known as SKC Games Studio Limited)
Company Information
Director
Mr A Burrows
Company number
12042744
Registered office
The EpiCentre
Haverhill Research Park
Enterprise Way
Haverhill
Suffolk
United Kingdom
CB9 7LR
Accountants
Moore Kingston Smith LLP
Orbital House
20 Eastern Road
Romford
Essex
RM1 3PJ
SKC Studios Limited
(Previously known as SKC Games Studio Limited)
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
SKC Studios Limited
(Previously known as SKC Games Studio Limited)
Balance Sheet
As at 30 November 2025
Page 1
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
102,494
41,600
Current assets
Debtors
5
33,310
16,262
Cash at bank and in hand
9,695
283
43,005
16,545
Creditors: amounts falling due within one year
6
(287,147)
(373,828)
Net current liabilities
(244,142)
(357,283)
Total assets less current liabilities
(141,648)
(315,683)
Creditors: amounts falling due after more than one year
7
(10,829)
(1,191,270)
Net liabilities
(152,477)
(1,506,953)
Capital and reserves
Called up share capital
8
384
1,600
Share premium account
3,246,939
-
0
Profit and loss reserves
(3,399,800)
(1,508,553)
Total equity
(152,477)
(1,506,953)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

SKC Studios Limited
(Previously known as SKC Games Studio Limited)
Balance Sheet (Continued)
As at 30 November 2025
Page 2

For the financial year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he 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 and signed by the director and authorised for issue on 6 March 2026
Mr A Burrows
Director
Company Registration No. 12042744
SKC Studios Limited
(Previously known as SKC Games Studio Limited)
Notes to the Financial Statements
For the year ended 30 November 2025
Page 3
1
Accounting policies
Company information

SKC Studios Limited is a private company limited by shares incorporated in England and Wales. The registered office is Orbital House, 20 Eastern Road, Romford, Essex, RM1 3PJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest pound.

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

1.2
Going concern

At the balance sheet date the company had net liabilities of £true 1 52,477 (2024: £1,506,953). Included within creditors are loans due to the shareholders of £nil (2024: £1,168,565) provided to support the working capital requirements of the company. A t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and for a period of at least 12 months following the approval of these financial statements. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
50% Reducing Balance
Computers
33% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash at bank and in hand

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.

SKC Studios Limited
(Previously known as SKC Games Studio Limited)
Notes to the Financial Statements (Continued)
For the year ended 30 November 2025
1
Accounting policies
(Continued)
Page 4
1.6
Financial instruments
The Company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.
1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.8
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

SKC Studios Limited
(Previously known as SKC Games Studio Limited)
Notes to the Financial Statements (Continued)
For the year ended 30 November 2025
Page 5
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 22 (20 2 4: 19).

3
Taxation

The company has estimated losses of £3,447,388 (2024: £1,495,144) available for carry forward against future taxable profits.

4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2024
62,321
Additions
87,939
At 30 November 2025
150,260
Depreciation and impairment
At 1 December 2024
20,721
Depreciation charged in the year
27,045
At 30 November 2025
47,766
Carrying amount
At 30 November 2025
102,494
At 30 November 2024
41,600
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
720
-
0
Other debtors
28,510
13,464
Prepayments and accrued income
4,080
2,798
33,310
16,262
SKC Studios Limited
(Previously known as SKC Games Studio Limited)
Notes to the Financial Statements (Continued)
For the year ended 30 November 2025
Page 6
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
14,372
16,849
Trade creditors
72,788
120,654
Taxation and social security
178,780
166,344
Other creditors
16,397
65,412
Accruals and deferred income
4,810
4,569
287,147
373,828
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
10,829
22,705
Other creditors
-
1,168,565
10,829
1,191,270

The long term bank loan is unsecured with a loan term of 6 years and is repayable after the first 12 months. Interest is being charged at 0% for the first 12 months and at 2.5% for subsequent years. A interest only period (capital repayment holiday) was granted until 6 December 2022.

8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
38,369 (2024: nil) Ordinary shares of 1p each
38,369
-
384
-
Nil (2024: 1,600) Ordinary shares of £1 each
0
1,600
-
0
1,600

In October 2024, the nominal value of the ordinary shares was changed from £1 each to 1p each.

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