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Registration number: 08720723

Skyline Chess Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 October 2025

Pages for filing with Registrar

Skyline Chess Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 12

Skyline Chess Limited

Company Information

Directors | C J Prosser I Flood

Registered office | Hackney Downs Studios Skyline Chess Ltd Hangar 11, Hackney Downs Studios, Amhurst Road London E8 2BT

Registered number | 08720723

Accountant | Corrigan Accountants Limited 1st Floor 25 King Street Bristol BS1 4PB

Skyline Chess Limited

(Registration number: 08720723)
Balance Sheet as at 31 October 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 5 | 22,729 | 24,825
Tangible assets | 6 | 52,569 | 49,910
|  | 75,298 | 74,735
Current assets |  |  |
Stocks | 7 | 418,350 | 465,656
Debtors | 8 | 171,837 | 88,818
Cash at bank and in hand |  | 55,458 | 68,933
|  | 645,645 | 623,407
Creditors: Amounts falling due within one year | 9 | (216,311) | (183,647)
Net current assets |  | 429,334 | 439,760
Total assets less current liabilities |  | 504,632 | 514,495
Creditors: Amounts falling due after more than one year | 9 | (263,400) | (293,233)
Provisions for liabilities |  | (22,089) | (22,089)
Net assets |  | 219,143 | 199,173
Capital and reserves |  |  |
Called up share capital | 10 | 400 | 400
Share premium reserve |  | 40,900 | 40,900
Profit and loss account |  | 177,843 | 157,873
Total equity |  | 219,143 | 199,173

Skyline Chess Limited

(Registration number: 08720723)
Balance Sheet as at 31 October 2025

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised for issue by the Board on 2 June 2026 and signed on its behalf by:

.........................................

I Flood
Director

Skyline Chess Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1 | Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hackney Downs Studios Skyline Chess Ltd
Hangar 11,
Hackney Downs Studios, Amhurst Road
London
E8 2BT

2 | Accounting policies

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.
The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The accounts have been prepared on a going concern basis which assumes that the company has sufficient funds to continue to trade for the foreseeable future. The directors have indicated their willingness to continue to support the company and accordingly the accounts have been prepared on the basis that the company is a going concern.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Skyline Chess Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible fixed assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Plant and equipment | 25% straight line
Computers | 25% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Patents & licences | 5% straight line
Development costs | 25% straight line
Website | 25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Skyline Chess Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the average cost method.
The cost of finished goods comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.
The cost of any unused holiday entitlement is recognised in the period in which the employees' services are received.

Skyline Chess Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

4 | Taxation

Deferred tax

Deferred tax liabilities

2025 | Liability £
| 22,089

2024 | Liability £
| 22,089

Skyline Chess Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

5 | Intangible fixed assets

| Website, Designs and Trademarks £
Cost
At 1 November 2024 | 33,553
At 31 October 2025 | 33,553
Amortisation
At 1 November 2024 | 8,728
Amortisation charge | 2,096
At 31 October 2025 | 10,824
Carrying amount
At 31 October 2025 | 22,729
At 31 October 2024 | 24,825

Skyline Chess Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

6 | Tangible fixed assets

| Computer Equipment £ | Plant & Machinery £ | Total £
Cost
At 1 November 2024 | 12,524 | 184,395 | 196,919
Additions | - | 40,386 | 40,386
At 31 October 2025 | 12,524 | 224,781 | 237,305
Depreciation
At 1 November 2024 | 7,486 | 139,523 | 147,009
Charge for the year | 2,085 | 35,642 | 37,727
At 31 October 2025 | 9,571 | 175,165 | 184,736
Carrying amount
At 31 October 2025 | 2,953 | 49,616 | 52,569
At 31 October 2024 | 5,038 | 44,872 | 49,910

7 | Stocks

| 2025 £ | 2024 £
Finished goods | 418,350 | 465,656

8 | Debtors: amounts falling due within one year

| 2025 £ | 2024 £
Trade debtors | 143,198 | 67,897
Prepayments and accrued income | 15,499 | 11,057
Other debtors | 11,749 | 7,151
Directors' loan accounts | 1,391 | 2,713
| 171,837 | 88,818

Skyline Chess Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

9 | Creditors

| 2025 £ | 2024 £
Amounts falling due within one year |  |
Trade creditors | 93,053 | 45,939
Other creditors | 906 | -
Accruals | 77,642 | 102,647
Corporation tax | 38,876 | 25,061
Bank loans | 5,834 | 10,000
| 216,311 | 183,647

| 2025 £ | 2024 £
Due after one year |  |
Bank loans | - | 5,833
Loan from director | 263,400 | 287,400
| 263,400 | 293,233

The loan from the director is unsecured, repayable on or after 30 April 2027 and interest is charged at 5.25% p.a.

10 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary A of £1 each | 300 | 300 | 300 | 300
Ordinary B of £1 each | 100 | 100 | 100 | 100
| 400 | 400 | 400 | 400

Skyline Chess Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

11 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 5,834 | 10,000

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 5,833
Loan from director | 263,400 | 287,400
| 263,400 | 293,233

12 | Dividends

|  | 2025 £ |  | 2024 £
Interim dividend of £295 (2024 - £217) per each Ordinary A |  | 88,500 |  | 65,000

13 | Related party transactions

Loans from related parties

2025 | Key management £
At start of period | 334,104
Repaid | (24,000)
Interest transactions | 14,071
At end of period | 324,175

Skyline Chess Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

2024 | Key management £
At start of period | 328,631
Interest transactions | 5,473
At end of period | 334,104

Terms of loans from related parties

The loan is unsecured, repayable on or after 30 April 2027 and interest is charged at 5.25% p.a..

Transactions with directors

2025 | At 1 November 2024 £ | Advances to director £ | Repayments by director £ | At 31 October 2025 £
Director | 2,713 | (89,147) | 87,201 | 767

2024 | At 1 November 2023 £ | Advances to director £ | Repayments by director £ | At 31 October 2024 £
Director | (14,975) | (312) | 18,000 | 2,713