SKYHOOK GAMES STUDIO LTD


Directors	CHELLEW, Graham Paul
	GREENWELL, Jonathan
	HARPER, David John


Registered Address	Studio H, Digital House
	44 Simpson Street
	Liverpool
	L1 0AX


Registered Number	06289588 (England and Wales)

Notes to the Financial Statements
for the year ended 30 June 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	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). The company is a parent company but is exempt from the requirement to prepare consolidated financial statements by virtue of the small groups exemption contained in section 399 of the Companies Act 2006. The group qualifies as small and therefore, the company has not prepared consolidated financial statements.

Basis of preparation

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).

The company is a parent company but is exempt from the requirement to prepare consolidated financial statements by virtue of the small groups exemption contained in section 399 of the Companies Act 2006. The group qualifies as small and therefore, the company has not prepared consolidated financial statements.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Revenue from rendering of services
	Revenue 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.

	Dividend income
	Dividend income is recognised when the right to receive payment is established.

	Operating leases
	Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the lease term in accordance with FRS 102. The effect of straight-lining lease incentives and stepped rents has been assessed as immaterial, and therefore lease costs are recognised in line with amounts payable. This assessment is reviewed annually and will be updated if circumstances change or if the impact becomes material in future periods.

Operating leases

Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the lease term in accordance with FRS 102. The effect of straight-lining lease incentives and stepped rents has been assessed as immaterial, and therefore lease costs are recognised in line with amounts payable. This assessment is reviewed annually and will be updated if circumstances change or if the impact becomes material in future periods.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	33	-
Fixtures and fittings	15	-
Office Equipment	-	3

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	21		22

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 July 25	25,203	25,203
At 30 June 26	25,203	25,203
Amortisation and impairment
At 01 July 25	16,494	16,494
Charge for year	6,083	6,083
At 30 June 26	22,577	22,577
Net book value
At 30 June 26	2,626	2,626
At 30 June 25	8,709	8,709

4.	Tangible fixed assets

	Fixtures & fittings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 July 25	26,359	92,250	118,609
Additions	-	1,558	1,558
Disposals	(6,511)	(2,724)	(9,235)
At 30 June 26	19,848	91,084	110,932
Depreciation and impairment
At 01 July 25	12,127	78,962	91,089
Charge for year	2,048	10,886	12,934
On disposals	(3,435)	(2,724)	(6,159)
At 30 June 26	10,740	87,124	97,864
Net book value
At 30 June 26	9,108	3,960	13,068
At 30 June 25	14,232	13,288	27,520

5.	Fixed asset investments
	The company's investment in group undertakings comprises a 100% holding in the ordinary share capital of Skyhook Interactive Limited, a company incorporated in England and Wales.

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 July 25	100	100
At 30 June 26	100	100
Net book value
At 30 June 26	100	100
At 30 June 25	100	100

	Notes
	¹Investments in group undertakings and participating interests

6.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	60,312	87,346
Amounts owed by group undertakings	334,245	344,657
Prepayments and accrued income	46,225	62,968
Deferred tax asset, debtors	256,205	111,105
Total	696,987	606,076


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

7.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	44,586	22,886
Bank borrowings and overdrafts	70,000	58,358
Amounts owed to related parties	160,985	185,697
Taxation and social security	41,567	56,884
Accrued liabilities and deferred income	32,479	-
Total	349,617	323,825


	Short term creditors are measured at transaction price (which is usually the invoice price).

8.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	262,500	82,503
Total	262,500	82,503


	The loan is secured by a fixed and floating charge over the company's assets.

9.	Operating lease commitments
	At 30 June 2026, the company had future minimum lease payments under non-cancellable operating leases as follows: Within one year £11,508. Between one and five years £8,638 (2025 – £21,563).

10.	Parent-subsidiary relationships
	Skyhook Interactive Limited is a wholly owned subsidiary of Skyhook Games Studio Ltd. At the period ended 30 June 2026, the consolidated management accounts position of the group for the following headings were: Turnover - £798,223 (2025 – £734,305) Loss after tax - £300,126 (2025 – £241,824) Shareholders' funds - £473,006 (2025 – £842,542) During the period, Skyhook Games Studio Limited undertook transactions with its fully owned subsidiary company, Skyhook Interactive Limited. Under the agreements in place between the two parties, Skyhook Interactive Limited transacted with Skyhook Games Studio Limited in respect of resourcing fees £1.693,565 and Skyhook Games Studio Limited transacted with Skyhook Interactive Limited in respect of development costs £1.693,565. Amounts owed by group undertakings At 30 June 2026, amounts owed by group undertakings comprised amounts due from Skyhook Interactive Limited of £334,245 (2025 – £344,657). Amounts owed to group undertakings At 30 June 2026, amounts owed to group undertakings comprised amounts due to Skyhook Interactive Limited of £160,985 (2025 – £185,697). The amounts owed by and owed to group undertakings are with the same entity and are presented separately in the financial statements. The net balance due from Skyhook Interactive Limited at 30 June 2026 was £173,260 (2025 – £158,960).

10.

Parent-subsidiary relationships

Skyhook Interactive Limited is a wholly owned subsidiary of Skyhook Games Studio Ltd. At the period ended 30 June 2026, the consolidated management accounts position of the group for the following headings were: 

Turnover - £798,223 (2025 – £734,305)
Loss after tax - £300,126 (2025 – £241,824)
Shareholders' funds - £473,006 (2025 – £842,542)

During the period, Skyhook Games Studio Limited undertook transactions with its fully owned subsidiary company, Skyhook Interactive Limited. Under the agreements in place between the two parties, Skyhook Interactive Limited transacted with Skyhook Games Studio Limited in respect of resourcing fees £1.693,565 and Skyhook Games Studio Limited transacted with Skyhook Interactive Limited in respect of development costs £1.693,565.

Amounts owed by group undertakings
At 30 June 2026, amounts owed by group undertakings comprised amounts due from Skyhook Interactive Limited of £334,245 (2025 – £344,657).

Amounts owed to group undertakings
At 30 June 2026, amounts owed to group undertakings comprised amounts due to Skyhook Interactive Limited of £160,985 (2025 – £185,697).

The amounts owed by and owed to group undertakings are with the same entity and are presented separately in the financial statements. The net balance due from Skyhook Interactive Limited at 30 June 2026 was £173,260 (2025 – £158,960).

	Notes	2026		2025
		£	£	£	£
Fixed assets
Intangible assets	3		2,626		8,709
Tangible assets	4		13,068		27,520
Investments	5		100		100
			15,794		36,329
Current assets
Debtors	6	696,987		606,076
Cash at bank and on hand		387,340		591,468
		1,084,327		1,197,544
Creditors amounts falling due within one year	7	(349,617)		(323,825)
Net current assets (liabilities)			734,710		873,719
Total assets less current liabilities			750,504		910,048
Creditors amounts falling due after one year	8		(262,500)		(82,503)
Net assets			488,004		827,545
Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			487,004		826,545
Shareholders' funds			488,004		827,545