ACCOUNTS - Final Accounts preparation

Creditors: Amounts falling due within one year

As restated

Registered number: 04662901

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 30 DECEMBER 2025

	SKADO LIMITED


SKADO LIMITED

COMPANY INFORMATION

Directors	Mr R L Dobell
	A H S Kabbara
	H S Kabbara


Registered number	04662901


Registered office	3000a Parkway
	Whiteley
	Fareham
	Hampshire
	PO15 7FX


Accountants	Menzies LLP
	Chartered Accountants
	3000a Parkway
	Whiteley
	Hampshire
	PO15 7FX


SKADO LIMITED

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 8


SKADO LIMITED REGISTERED NUMBER:04662901

STATEMENT OF FINANCIAL POSITION

AS AT 30 DECEMBER 2025

		As restated
	2025	2024
Note	£	£

Fixed assets
Tangible assets	4		-		3,284
Investments	5		130,483		130,483
			130,483		133,767
Current assets
Debtors: amounts falling due within one year	6	1,786		4,284
Cash at bank and in hand		66		-
		1,852		4,284
Creditors: amounts falling due within one year	7	(140,075)		(134,528)
Net current liabilities			(138,223)		(130,244)
Total assets less current liabilities			(7,740)		3,523

Net (liabilities)/assets			(7,740)		3,523

Page 1


SKADO LIMITED REGISTERED NUMBER:04662901

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 DECEMBER 2025

				As restated
		2025		2024
		£		£

Capital and reserves
Called up share capital	1,000	1,000
Profit and loss account	(8,740)	2,523
	(7,740)	3,523

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mr R L Dobell

Director

Date: 13 June 2026

The notes on pages 3 to 8 form part of these financial statements.

Page 2


SKADO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2025

1.	General information

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

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3


SKADO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2025

2.Accounting policies (continued)

2.3

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

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 disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4


SKADO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2025

2.Accounting policies (continued)

2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Employees

The average monthly number of employees, including directors, during the year was 3 (2024 - 1).

Page 5


SKADO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2025

4.	Tangible fixed assets

		Other fixed assets
		£

	At 31 December 2024	3,284
	Disposals	(3,284)
	At 30 December 2025	-

	Net book value
	At 30 December 2025	-
	At 30 December 2024	3,284

Page 6


SKADO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2025

5.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 31 December 2024 (as previously stated)	348,484
	Prior Year Adjustment	(218,001)
	At 31 December 2024 (as restated)	130,483
	At 30 December 2025	130,483

The investment included within fixed assets is carried at its original cost, which is considered to be an appropriate estimate of its fair value.

Debtors

					2025	2024
					£	£


Other debtors	-	3,284
Called up share capital not paid	1,000	1,000
Prepayments and accrued income	786	-
	1,786	4,284

Trade creditors	786	-
Other creditors	139,289	134,528
	140,075	134,528

Page 7


SKADO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2025

8.	Prior year adjustment

The prior year figures have been restated to correctly show the investment in subsidiary companies. There was no impact on the Statement of Income and Retained earnings. The effect on the Statement of Financial Position has been presented below:

9.	Related party transactions
	Included within the creditors due within one year, are amounts due to Directors or family members of Directors amounting to £139,288 (restated 2024: £134,528). This loan is undated and interest free.

Page 8