ACCOUNTS - Final Accounts preparation

SK HOLDINGS LIMITED - Company Information

Registered number: 10208897

SK HOLDINGS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021


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 2021

		2021		2020
Note		£		£

Fixed assets
Investments	4		101		101
Current assets
Debtors: amounts falling due within one year	5	69,925		69,925
Cash at bank and in hand		300		300
		70,225		70,225
Current liabilities
Creditors: amounts falling due within one year	6	(3,464)		(1,664)
Net current assets			66,761		68,561

Net assets			66,862		68,662

Capital and reserves
Called up share capital	7	300	300
Profit and loss account		66,562	68,362
		66,862	68,662

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 24 September 2021.

D L Sovitch

Director

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

Page 1


SK HOLDINGS LIMITED REGISTERED NUMBER:10208897

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2021

Page 2


SK HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

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 1JD.
The principal activity of the company is that of a holding company.
The financial statements are presented in £ sterling, which is the functional currency of the company.

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.

Employees

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

	2021	2020
	No.	No.

Directors	2	2

Page 3


SK HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 April 2020	101
	At 31 March 2021	101

Debtors

					2021	2020
					£	£


Amounts owed by group undertakings	69,925	69,925
	69,925	69,925

6.	Creditors: Amounts falling due within one year
		2021	2020
		£	£

Amounts owed to group undertakings	2,463	1,563
Other creditors	101	101
Accruals and deferred income	900	-
	3,464	1,664

7.	Share capital
		2021	2020
		£	£

Allotted, called up and fully paid

300 (2020 - 300) Ordinary shares of £1 each	300	300

Page 4