ACCOUNTS - Final Accounts

Creditors: Amounts falling due within one year

Registered number: 11088484

SKINNYDIP FREEHOLD LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 3 JANUARY 2026

SKINNYDIP FREEHOLD LIMITED

REGISTERED NUMBER: 11088484

BALANCE SHEET

AS AT 3 JANUARY 2026

	3 January	28 December
	2026	2024
Note	£	£

Fixed assets
Tangible assets	4		81,913		81,913
			81,913		81,913
Current assets
Debtors	5	25,664		27,678
		25,664		27,678
Creditors: amounts falling due within one year	6	(98,526)		(97,526)
Net current liabilities			(72,862)		(69,848)
Total assets less current liabilities			9,051		12,065
Net assets			9,051		12,065

Capital and reserves
Called up share capital	99	99
Profit and loss account	8,952	11,966
	9,051	12,065

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SKINNYDIP FREEHOLD LIMITED

REGISTERED NUMBER: 11088484

BALANCE SHEET (CONTINUED)

AS AT 3 JANUARY 2026

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 statement of comprehensive income 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 on 22 September 2026.

R Gold

Director

The notes on pages 3 to 7 form part of these financial statements.

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SKINNYDIP FREEHOLD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 3 JANUARY 2026

1.	General information

Skinnydip Freehold Limited is a private company limited by shares incorporated in England and Wales. The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.

The principal place of business is 2 Centric Close, Oval Road, London, NW1 7EP.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

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SKINNYDIP FREEHOLD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 3 JANUARY 2026

2.Accounting policies (continued)

2.4

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following 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.

2.5

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

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.

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SKINNYDIP FREEHOLD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 3 JANUARY 2026

2.Accounting policies (continued)

2.7

Financial liabilities

Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than the financial instrument's legal form.

Financial liabilities within the scope of IAS 39 are initially classified as financial liabilities at fair value through profit or loss, loans and borrowings, or as derivatives designated as hedging instruments in an effective hedge, as appropriate.

The Group determines the classification of its financial liabilities at initial recognition. All financial liabilities are recognised initially at fair value and in the case of loans and borrowings, plus directly attributable transaction costs.

Subsequently, the measurement of financial liabilities depends on their classification as follows:

Financial liabilities at fair value through profit or loss

Financial liabilities at fair value through profit or loss includes financial liabilities held for trading and financial liabilities designated upon initial recognition as at fair value through profit or loss.

Financial liabilities are classified as held for trading if they are acquired for the purpose of repurchasing in the near term. Derivatives, including separately embedded derivatives are also classified as held for trading unless they are designated as effective hedging instruments. Gains or losses on liabilities held for trading are recognised in profit or loss.

Interest bearing loans and borrowings

Obligations for loans and borrowings are recognised when the Group becomes party to the related contracts and are measured initially at the fair value of consideration received less directly attributable transaction costs.

After initial recognition, interest bearing loans and borrowings are subsequently measured at amortised cost using the effective interest method.

Gains and losses arising on the repurchase, settlement or otherwise cancellation of liabilities are recognised respectively in finance revenue and finance cost.

Derecognition of financial liabilities

A liability is derecognised when the contract that gives rise to it is settled, sold, cancelled or expires.

Where an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such as an exchange or modification, this is treated as a derecognition of the original liability, such that the difference in the respective carrying amounts together with any costs or fees incurred are recognised in profit or loss.

Employees

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

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SKINNYDIP FREEHOLD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 3 JANUARY 2026

4.	Tangible fixed assets

		Other fixed assets
		£
	Cost or valuation
	At 29 December 2024	81,913
	At 3 January 2026	81,913

	Net book value
	At 3 January 2026	81,913
	At 28 December 2024	81,913

Debtors

					3 January	28 December
					2026	2024
					£	£


Trade debtors	14,100	16,114
Amounts owed by group undertakings	11,564	11,564
	25,664	27,678

Trade creditors	1,000	3,600
Amounts owed to group undertakings	97,526	93,584
Corporation tax	-	342
	98,526	97,526

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SKINNYDIP FREEHOLD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 3 JANUARY 2026

7.	Controlling party

The ultimate parent company is Skinnydip Group Limited, a company incorporated in England and Wales by virtue of its 100% shareholding.

8.	Auditors' information

The auditors' report on the financial statements for the period ended 3 January 2026 was unqualified.

The audit report was signed on 22 September 2026 by Stephen Haffner (Senior Statutory Auditor) on behalf of Harris & Trotter LLP.

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