SKINNERS (COMMERCIAL DEVELOPMENTS) LIMITED


Directors	SKINNER, David
	SKINNER, George Ernest
	SKINNER, Mildred Wilson


Company Secretary	SKINNER, George Ernest


Registered Address	136 Gray Street
	Workington
	Cumbria
	CA14 2LU


Registered Number	00894548 (England and Wales)

Statement of Financial Position
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investment property	3		1,300,000		1,300,000
			1,300,000		1,300,000
Current assets
Debtors	4	7,080		6,968
		7,080		6,968
Creditors amounts falling due within one year	5	(46,001)		(48,578)
Net current assets (liabilities)			(38,921)		(41,610)
Total assets less current liabilities			1,261,079		1,258,390
Net assets			1,261,079		1,258,390
Capital and reserves
Called up share capital			9,500		9,500
Revaluation reserve			1,156,313		1,156,313
Profit and loss account			95,266		92,577
Shareholders' funds			1,261,079		1,258,390

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 24 April 2026, and are signed on its behalf by:

SKINNER, David
Director
Registered Company No. 00894548

SKINNERS (COMMERCIAL DEVELOPMENTS) LIMITED

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:

	Investment property
	Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		3

3.	Investment property


		£
	Fair value at 01 January 25	1,300,000
	At 31 December 25	1,300,000

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	6,801	6,760
Prepayments and accrued income	279	208
Total	7,080	6,968

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	850	850
Bank borrowings and overdrafts	22,850	20,317
Taxation and social security	12,092	12,848
Other creditors	-	4,689
Accrued liabilities and deferred income	10,209	9,874
Total	46,001	48,578