SKEG LIMITED - Accounts

SKEG LIMITED
Contents Page
For the year ended 31 December 2025

Statement of Financial Position	1
Notes to the Financial Statements	2

Registered Number: 03264833 SKEG LIMITED
Statement of Financial Position
As at 31 December 2025

	Notes	2025 £	2024 £ (as restated)
Fixed assets
Tangible fixed assets	3	1,102,436	1,074,006
		1,102,436	1,074,006
Current assets
Debtors		9,780	1,100
Cash at bank and in hand		80,896	6,062
		90,676	7,162
Creditors: amount falling due within one year		(151,879)	(380,322)
Net current assets		(61,203)	(373,160)

Total assets less current liabilities		1,041,233	700,846
Creditors: amount falling due after more than one year		(487,422)	(132,067)
Net assets		553,811	568,779

Capital and reserves
Called up share capital		2	2
Revaluation Reserves		597,000	597,000
Profit and loss account		(43,191)	(28,223)
Shareholders' funds		553,811	568,779

For the year ended 31 December 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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 28 July 2026 and were signed on its behalf by:

-------------------------------
Derek John Edwards
Director

1

SKEG LIMITED
Notes to the Abridged Financial Statements
For the year ended 31 December 2025

General Information

SKEG LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03264833, registration address The Old Surgery, Mengham Lane, Hayling Island, PO11 9JT.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of services supplied by the company,

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles

20% Straight Line

2.	Average number of employees Average number of employees during the year was 2 (2024 : 2).

3.

Tangible fixed assets

Cost or valuation	Motor Vehicles	Investment properties	Total
	£	£	£
At 01 January 2025	-	1,329,737	1,329,737
Additions	35,538	-	35,538
Disposals	-	-	-
Revaluations	-	(255,731)	(255,731)
At 31 December 2025	35,538	1,074,006	1,109,544
Depreciation
At 01 January 2025	-	-	-
Charge for year	7,108	-	7,108
On disposals	-	-	-
At 31 December 2025	7,108	-	7,108
Net book values
Closing balance as at 31 December 2025	28,430	1,074,006	1,102,436
Opening balance as at 01 January 2025	-	1,074,006	1,074,006

2

Registered Number: 03264833
England and Wales
Abridged Accounts

for the year ended 31 December 2025
for
SKEG LIMITED