Skin Geeks Ltd - Filleted accounts

Skin Geeks Ltd
Registered number:		06873374
Statement of Financial Position
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	4		250,000			250,000

Current assets
Debtors	5	-			8,900
Cash at bank and in hand		14,892			5,258
		14,892			14,158

Creditors: amounts falling due within one year	6	(24,987)			(23,110)

Net current liabilities			(10,095)			(8,952)

Total assets less current liabilities			239,905			241,048

Creditors: amounts falling due after more than one year	7		(34,565)			(42,142)

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


Net assets			194,085			187,651

Capital and reserves
Called up share capital			1			1
Revaluation reserve	8		47,980			47,980
Profit and loss account			146,104			139,670

Shareholder's funds			194,085			187,651

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 3 June 2026

Skin Geeks Ltd
Notes to the Accounts
for the year ended 31 March 2026


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	2026		2025
£			£

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


3	Employees and directors	2026		2025
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 2025			250,000
	At 31 March 2026			250,000

	Depreciation
	At 31 March 2026			-

	Net book value
	At 31 March 2026			250,000
	At 31 March 2025			250,000


5	Debtors	2026		2025
£			£

	Trade debtors	-		8,900


6	Creditors: amounts falling due within one year	2026		2025
£			£

	Bank loans and overdrafts	7,868		7,076
	Trade creditors	216		-
	Accruals	1,085		896
	Corporation tax	8,290		6,314
	Other taxes and social security costs	656		2,453
	Other creditors	6,872		6,371
		24,987		23,110


7	Creditors: amounts falling due after one year	2026		2025
£			£

	Bank loans	34,565		42,142


8	Revaluation reserve	2026		2025
£			£

	At 1 April 2025	47,980		23,680
	Gain on revaluation of land and buildings	-		30,000
	Deferred taxation arising on the revaluation of land and buildings	-		(5,700)

	At 31 March 2026	47,980		47,980


9	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