Company No:
Contents
| Note | 2026 | 2025 | ||
| £ | £ | |||
| Fixed assets | ||||
| Investments | 3 |
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| 100 | 100 | |||
| Current assets | ||||
| Debtors | 4 |
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| 2,857,987 | 1,923,121 | |||
| Creditors: amounts falling due within one year | 5 | (
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(
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| Net current liabilities | (336,296) | (1,336,296) | ||
| Total assets less current liabilities | (336,196) | (1,336,196) | ||
| Net liabilities | (
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(
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| Capital and reserves | ||||
| Called-up share capital | 7 |
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| Profit and loss account | (
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(
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| Total shareholders' deficit | (
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Directors' responsibilities:
The financial statements of Stateside Skates Global Holdings Limited (registered number:
|
R A Coffer
Director |
A J Crichton
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Stateside Skates Global Holdings Limited (the company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.
The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.
Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Investments
Investments in subsidiaries are measured at cost less accumulated impairment.
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are
recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.
| 2026 | 2025 | ||
| Number | Number | ||
| Monthly average number of persons employed by the company during the year, including directors |
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Investments in subsidiaries
| 2026 | |
| £ | |
| Cost | |
| At 01 February 2025 |
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| At 31 January 2026 |
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| Provisions for impairment | |
| At 01 February 2025 |
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| At 31 January 2026 |
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| Carrying value at 31 January 2026 |
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| Carrying value at 31 January 2025 |
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| 2026 | 2025 | ||
| £ | £ | ||
| Amounts owed by group undertakings |
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| 2026 | 2025 | ||
| £ | £ | ||
| Other creditors |
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Where possible, the company has taken advantage of the exemption within s33.1A of FRS 102 not to disclose related party transactions with other wholly owned group undertakings.
Allotted, called-up and fully-paid share capital
| 2026 | 2025 | ||
| £ | £ | ||
| 51,000 Ordinary A shares of £1.00 each (2024: 33,000 shares of £1.00 each) | 42,000 | 51,000 | |
| 49,000 Ordinary B shares of £1.00 each (2024: 54,000 shares of £1.00 each) | 58,000 | 49,000 | |
| 100,000 | 100,000 |
Share capital restructure
The company has restructured its share capital during the year. The changes were as follows:
- At the beginning of the year, the company had 51,000 Ordinary A shares, 49,000 Ordinary B shares.
- During the year, 9,000 Ordinary A shares were transferred to Ordinary B
The total share capital remained unchanged at £100,000.
Deferred Shares
| 2026 | 2025 | ||
| £ | £ | ||
| 38,182,281 Deferred shares of £0.01 each (2025: 381,823) | 381,823 | 381,823 |