ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

SK HOLDINGS LIMITED - Company Information

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Caseware UK (AP4) 2019.0.227 2019.0.227 2020-03-312020-03-312falsetrue22019-04-01falseHolding companyThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10208897 2019-04-01 2020-03-31 10208897 2018-04-01 2019-03-31 10208897 2020-03-31 10208897 2019-03-31 10208897 c:Director2 2019-04-01 2020-03-31 10208897 d:CurrentFinancialInstruments 2020-03-31 10208897 d:CurrentFinancialInstruments 2019-03-31 10208897 d:CurrentFinancialInstruments d:WithinOneYear 2020-03-31 10208897 d:CurrentFinancialInstruments d:WithinOneYear 2019-03-31 10208897 d:ShareCapital 2020-03-31 10208897 d:ShareCapital 2019-03-31 10208897 d:RetainedEarningsAccumulatedLosses 2020-03-31 10208897 d:RetainedEarningsAccumulatedLosses 2019-03-31 10208897 c:OrdinaryShareClass1 2019-04-01 2020-03-31 10208897 c:OrdinaryShareClass1 2020-03-31 10208897 c:OrdinaryShareClass1 2019-03-31 10208897 c:FRS102 2019-04-01 2020-03-31 10208897 c:AuditExempt-NoAccountantsReport 2019-04-01 2020-03-31 10208897 c:FullAccounts 2019-04-01 2020-03-31 10208897 c:PrivateLimitedCompanyLtd 2019-04-01 2020-03-31 10208897 6 2019-04-01 2020-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number:10208897













SK HOLDINGS LIMITED
UNAUDITED
FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020
 
SK HOLDINGS LIMITED
 

CONTENTS



Page
Statement of financial position
 
1 - 2
Notes to the financial statements
 
3 - 4

 
SK HOLDINGS LIMITED
REGISTERED NUMBER:10208897

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2020

2020
2019
Note
£
£

Fixed assets
  

Investments
 4 
101
100

  
101
100

Current assets
  

Debtors: amounts falling due within one year
 5 
69,925
9,925

Cash at bank and in hand
  
300
300

  
70,225
10,225

Creditors: amounts falling due within one year
 6 
(1,664)
(100)

Net current assets
  
 
 
68,561
 
 
10,125

Total assets less current liabilities
  
68,662
10,225

  

Net assets
  
68,662
10,225


Capital and reserves
  

Called up share capital 
 7 
300
300

Profit and loss account
  
68,362
9,925

  
68,662
10,225


Page 1
 
SK HOLDINGS LIMITED
REGISTERED NUMBER:10208897
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2020

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 23 December 2020.




Daniel Lee Sovitch
Director

The notes on pages 3 to 4 form part of these financial statements.

Page 2
 
SK HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020

1.


General information

SK Holdings Limited is a company incorporated in England.  The company's registered office is 5 Elstree Way, Elstree Gate, Borehamwood, Hertfordshire WD6 1GS.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.3

Basic financial instruments

The company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to/from related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.

 
2.4

Dividends

Equity dividends are recognised when they become legally payable.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2020
        2019
            No.
            No.







Directors
2
2

Page 3
 
SK HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2019
100


Additions
1



At 31 March 2020
101





5.


Debtors

2020
2019
£
£


Amounts owed by group undertakings
69,925
9,925



6.


Creditors: Amounts falling due within one year

2020
2019
£
£

Amounts owed to group undertakings
1,563
-

Other creditors
101
100

1,664
100



7.


Share capital

2020
2019
£
£
Allotted, called up and fully paid



300 (2019 - 300) Ordinary shares of £1 each
300
300

 
Page 4