Skiller Whale Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11583344

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		13,388		16,505
Investments	5		2,500		2,500

			15,888		19,005
CURRENT ASSETS
Debtors	6	(492,336 )		92,165
Cash at bank and in hand		217,447		46,014

		(274,889 )		138,179
Creditors: Amounts Falling Due Within One Year	7	(91,839 )		(411,180 )

NET CURRENT ASSETS (LIABILITIES)			(366,728 )		(273,001 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(350,840 )		(253,996 )

NET LIABILITIES			(350,840 )		(253,996 )

CAPITAL AND RESERVES
Called up share capital	8		168		165
Share premium account			3,452,435		3,452,435
Other reserves			427,392		307,079
Profit and Loss Account			(4,230,835 )		(4,013,675 )

SHAREHOLDERS' FUNDS			(350,840)		(253,996)

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Skiller Whale Limited

Balance Sheet (continued)

As At 30 September 2025

For the year ending 30 September 2025 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Benjamin Carver

Director

27/05/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Skiller Whale Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11583344 . The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The financial statements have been prepared on the going concern basis. The company sustained losses during the year however the directors are confident that the performance of the company will be reversed. The directors and investors undertake to continue to support the company until such time so that the company may meet its obligations, if and when they become due. On this basis, the directors are therefore of the opinion that they should adopt the going concern basis in preparing the annual financial statements.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	20% Straight line
Computer Equipment	25% Reducing balance

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2024: 12)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 October 2024	3,082	31,074	34,156
Additions	-	1,421	1,421

As at 30 September 2025	3,082	32,495	35,577

Depreciation
As at 1 October 2024	1,978	15,673	17,651
Provided during the period	616	3,922	4,538

As at 30 September 2025	2,594	19,595	22,189

Net Book Value
As at 30 September 2025	488	12,900	13,388

As at 1 October 2024	1,104	15,401	16,505

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Skiller Whale Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

5. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 October 2024	97,837

As at 30 September 2025	97,837

Provision
As at 1 October 2024	95,337

As at 30 September 2025	95,337

Net Book Value
As at 30 September 2025	2,500

As at 1 October 2024	2,500

At the end of the year, the company’s wholly-owned subsidiary, Skiller Whale HK Limited, incorporated in Hong Kong, operates as a service company providing services to the UK.

Investments in subsidiaries are held at cost less impairment. The impairment review performed in the year to September 2024 has resulted in an impairment due to the decreased trading in Skiller Whale HK Limited.

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	174,901	69,095
Prepayments and accrued income	(667,290 )	18,070
Other debtors	-	5,000
Directors' loan accounts	53	-

	(492,336 )	92,165

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	6,096	6,566
Other taxes and social security	26,629	22,513
VAT	33,165	46,446
Accruals and deferred income	25,949	335,655

	91,839	411,180

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	168	165

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Skiller Whale Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

9. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 October 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 30 September 2025
	£	£	£	£	£
Mr David Millican	-	53	-	-	53

The above loan is unsecured, interest free and repayable on demand.

10. Share based payments

Share based arrangements existed during the period.

The company has 106,791 options granted and vesting at the period end date to be settled via equity. All options start to vest after the employee has completed 1 year of service and will vest monthly for a period of 3 years (4 years in total).

28,492 options vested during the period.

Details of movement in the number of Options:

(i) outstanding at the beginning of the period; 96,892

(ii) granted during the period; 0

(iii) forfeited during the period; 6,411

(iv) exercised during the period; 9,896

(v) expired during the period; 0

(vi) outstanding at the end of the period; 80,585

Management have deemed the value of equity instruments to be equal to the latest share price when the options were granted. £120,313 (2024:155,069) has been recognised during the period as an expense.

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