Skillwill International Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 15091587

		31 August 2025		31 August 2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		717,018		765,505
Investments	5		112,577		52,021

			829,595		817,526
CURRENT ASSETS
Debtors	6	127,815		91,321
Cash at bank and in hand		116,638		193,531

		244,453		284,852
Creditors: Amounts Falling Due Within One Year	7	(3,175 )		(1,693 )

NET CURRENT ASSETS (LIABILITIES)			241,278		283,159

TOTAL ASSETS LESS CURRENT LIABILITIES			1,070,873		1,100,685

NET ASSETS			1,070,873		1,100,685

CAPITAL AND RESERVES
Called up share capital	8		100		100
Share premium account			1,423,045		1,273,836
Profit and Loss Account			(352,272 )		(173,251 )

SHAREHOLDERS' FUNDS			1,070,873		1,100,685

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Skillwill International Ltd

Balance Sheet (continued)

As At 31 August 2025

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr David Karseladze

Director

08/05/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Skillwill International Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15091587 . The registered office is 146 New Cavendish Street, London, W1W 6YQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are Software development and Intangibles. It is amortised to the profit and loss account over its estimated economic life of 10 years.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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Skillwill International Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.7. Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments

that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

2.8. 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.

2.9. Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business

from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional

right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the

reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting

date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the

effective interest method.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Intangible Assets

	Other
	£
Cost
As at 1 September 2024	810,952
Additions	34,807

As at 31 August 2025	845,759

Amortisation
As at 1 September 2024	45,447
Provided during the period	83,294

As at 31 August 2025	128,741

Net Book Value
As at 31 August 2025	717,018

As at 1 September 2024	765,505

5. Investments

	Unlisted
	£
Cost
As at 1 September 2024	52,021
Additions	60,556

As at 31 August 2025	112,577

Provision
As at 1 September 2024	-

As at 31 August 2025	-

...CONTINUED

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Skillwill International Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

Net Book Value
As at 31 August 2025	112,577

As at 1 September 2024	52,021

6. Debtors

	31 August 2025	31 August 2024
	£	£
Due within one year
Other debtors	127,815	91,321

7. Creditors: Amounts Falling Due Within One Year

	31 August 2025	31 August 2024
	£	£
Trade creditors	2,611	1,441
Other creditors	564	252

	3,175	1,693

8. Share Capital

	31 August 2025	31 August 2024
	£	£
Allotted, Called up and fully paid	100	100

9. Related Party Transactions

Transactions with the entity's related parties:

	2025	2024
	£	£
Shareholder Loan	0	57,422.11
Skillwill LLC Intercompany Loan	127,223.52	32,824.60

	127,223.52	90,246.71

10. Group Status

Skillwill International Ltd is the ultimate parent undertaking of the group.

The group comprises:

Skillwill LLC – a Georgian entity, 60% owned Akhmeta Street #1, Tbilisi, Georgia

Skillwill SRL – an Italian entity, 51% owned Via Savona 97, CAP 2014, Milano (MI), Italy

The company has not prepared consolidated financial statements under the exemption permitted by section 399 of the Companies Act 2006, as the group qualifies as a small group under section 383 of the Act.

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