F.J. Skinner & Sons Limited

F.J. Skinner & Sons Limited
Contents Page
For the year ended 31 December 2025

Balance Sheet	1
Notes to the Financial Statements	2

F.J. Skinner & Sons Limited
Balance Sheet
As at 31 December 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	608	733
Investments	4	2,960,000	2,960,000
		2,960,608	2,960,733
Current assets
Debtors		5,148	2,385
Cash at bank and in hand		163,955	147,326
		169,103	149,711
Creditors: amount falling due within one year		(26,939)	(22,709)
Net current assets		142,164	127,002

Total assets less current liabilities		3,102,772	3,087,735
Accruals and deferred income		(73,333)	(83,333)
Provisions for liabilities		(458,130)	(454,272)
Net assets		2,571,309	2,550,130

Capital and reserves
Called up share capital		2,000	2,000
Revaluation Reserves		2,328,400	2,328,400
Profit and loss account		240,909	219,730
Shareholders' funds		2,571,309	2,550,130

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 profit and loss account 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 17 August 2026 and were signed on its behalf by:

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Mr M Skinner
Director

1

F.J. Skinner & Sons Limited
Notes to the Abridged Financial Statements
For the year ended 31 December 2025

General Information

F.J. Skinner & Sons Limited is a private company, limited by shares, registered in England and Wales, registration number 00282980, registration address Unit One, Central Car Park The Office, Kingsand, TORPOINT, Cornwall, PL10 1NA.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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:
Car park equipment - 10% straight line
Fixtures and fittings - 15% reducing balance
Motor vehicles - 20% reducing balance

Investment properties

Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

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

3.

Tangible fixed assets

Cost or valuation	Plant and machinery etc	Total
	£	£
At 01 January 2025	47,728	47,728
Additions	-	-
Disposals	-	-
At 31 December 2025	47,728	47,728
Depreciation
At 01 January 2025	46,995	46,995
Charge for year	125	125
On disposals	-	-
At 31 December 2025	47,120	47,120
Net book values
Closing balance as at 31 December 2025	608	608
Opening balance as at 01 January 2025	733	733

4.

Investments

Cost	Other investments other than loans	Total
	£	£
At 01 January 2025	2,960,000	2,960,000
Additions	-	-
Disposals	-	-
At 31 December 2025	2,960,000	2,960,000

Investments held at valuation

The 2021 valuations were made by Brunel Estate Agents and the director, on an open market value for existing use basis.

In respect of investments held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

At 31 December 2021		Investment property £
Aggregate cost b/fwd		187,031
Aggregate depreciation		-
Carrying value		187,031

2

Registered Number: 00282980
England and Wales
Abridged Accounts

for the year ended 31 December 2025
for
F.J. SKINNER & SONS LIMITED