Skelbo Global Ventures Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09189358 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Skelbo Global Ventures Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J W Duhigg

Mrs G Duhigg

REGISTERED OFFICE:

International House

6 South Molton Street

London

W1K 5QF

REGISTERED NUMBER:

09189358 (England and Wales)

ACCOUNTANTS:

Mackay & Co

Chartered Accountants

Unit 8

Golspie Business Park

Golspie

Sutherland

KW10 6UB

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

139,932

188,176

Investments

6

130,000

Investment property

7

395,000

664,932

713,176

CURRENT ASSETS

Stocks

86,358

81,097

Debtors

10,192

13,829

Cash at bank and in hand

2,950

11,050

99,500

105,976

CREDITORS

Amounts falling due within one year

769,687

842,986

NET CURRENT LIABILITIES

(670,187

)

(737,010

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,255

)

(23,834

)

CREDITORS

Amounts falling due after more than
one year

-

(3,203

)

PROVISIONS FOR LIABILITIES

(10,915

)

(11,060

)

NET LIABILITIES

(16,170

)

(38,097

)

CAPITAL AND RESERVES

Called up share capital

100

Revaluation reserve

8

65,000

Retained earnings

(81,270

)

(103,197

)

(16,170

)

(38,097

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2026 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2026 and were signed on its behalf by:

J W Duhigg - Director

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The company is overdrawn at the year end. The main creditors of the company are the directors and they have agreed not to seek repayment of the loan balance in the short term. For this reason the financial statements have been prepared on the going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, was amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

10% on cost

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 tax

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2025 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2025

and 31 March 2026

56,850

AMORTISATION

At 1 April 2025

and 31 March 2026

56,850

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2025

538,718

Additions

1,627

At 31 March 2026

540,345

DEPRECIATION

At 1 April 2025

350,542

Charge for year

49,871

At 31 March 2026

400,413

NET BOOK VALUE

At 31 March 2026

139,932

At 31 March 2025

188,176

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2025

and 31 March 2026

130,000

NET BOOK VALUE

At 31 March 2026

130,000

At 31 March 2025

130,000

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

395,000

NET BOOK VALUE

At 31 March 2026

395,000

At 31 March 2025

395,000

A valuation of the investment properties was carried out in 2022 by an independent surveyor and so the valuation of the properties was updated in the 31st March 2022 financial statements to reflect this value of £640,000. No depreciation is provided in respect of this property.

On 25th April 2024, investment property was sold representing £245,000 of the above revalued property.

Fair value at 31 March 2026 is represented by:

£

Valuation in 2021

(215,709

)

Valuation in 2022

65,000

Cost

545,709

395,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.26

31.3.25

£

Cost

545,709

Investment property as valued on an open market basis on 31 March 2022 by an independent surveyor .

8.

RESERVES

Revaluation

reserve

£

At 1 April 2025

and 31 March 2026

65,000

9.	OTHER FINANCIAL COMMITMENTS

At 31 March 2026, the company was entered into contracts for rent amounting to £7,438 up to 31 March 2027 and £19,656 up to 31 March 2029, a total of £27,093 of committed outlay.