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Company Registration No. 10493043 (England and Wales)
CHORUM WILLESDEN LIMITED Unaudited accounts for the year ended 30 November 2021
CHORUM WILLESDEN LIMITED Unaudited accounts Contents
Page
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CHORUM WILLESDEN LIMITED Company Information for the year ended 30 November 2021
Director
Emre Buldu
Company Number
10493043 (England and Wales)
Registered Office
40 WILLOUGHBY ROAD LONDON N8 0JG UNITED KINGDOM
Accountants
Tatar Brothers & Co Accountants 40 Willoughby Road Hornsey London N8 0JG
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CHORUM WILLESDEN LIMITED Statement of financial position as at 30 November 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Intangible assets
19,999 
21,666 
Tangible assets
92,655 
77,830 
112,654 
99,496 
Current assets
Inventories
560 
910 
Debtors
1,950 
1,950 
Cash at bank and in hand
18,297 
30,366 
20,807 
33,226 
Creditors: amounts falling due within one year
(92,780)
(94,001)
Net current liabilities
(71,973)
(60,775)
Total assets less current liabilities
40,681 
38,721 
Creditors: amounts falling due after more than one year
(12,889)
(18,000)
Net assets
27,792 
20,721 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
27,791 
20,720 
Shareholders' funds
27,792 
20,721 
For the year ending 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 August 2022 and were signed on its behalf by
Emre Buldu Director Company Registration No. 10493043
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CHORUM WILLESDEN LIMITED Notes to the Accounts for the year ended 30 November 2021
1
Statutory information
CHORUM WILLESDEN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10493043. The registered office is 40 WILLOUGHBY ROAD, LONDON, N8 0JG, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% reducing balance method.
Fixtures & fittings
15% reducing balance method.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Intangible fixed assets
Goodwill is included at cost less accumulated amortisation. Goodwill will be fully amortised over it's useful economic life of 15 years.
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CHORUM WILLESDEN LIMITED Notes to the Accounts for the year ended 30 November 2021
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 December 2020
25,000 
At 30 November 2021
25,000 
Amortisation
At 1 December 2020
3,334 
Charge for the year
1,667 
At 30 November 2021
5,001 
Net book value
At 30 November 2021
19,999 
At 30 November 2020
21,666 
5
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2020
70,000 
- 
15,000 
85,000 
Additions
- 
20,000 
- 
20,000 
At 30 November 2021
70,000 
20,000 
15,000 
105,000 
Depreciation
At 1 December 2020
- 
- 
7,170 
7,170 
Charge for the year
- 
4,000 
1,175 
5,175 
At 30 November 2021
- 
4,000 
8,345 
12,345 
Net book value
At 30 November 2021
70,000 
16,000 
6,655 
92,655 
At 30 November 2020
70,000 
- 
7,830 
77,830 
6
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Accrued income and prepayments
1,950 
1,950 
7
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
3,833 
- 
Taxes and social security
2,982 
2,509 
Loans from directors
83,855 
89,382 
Accruals
2,110 
2,110 
92,780 
94,001 
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CHORUM WILLESDEN LIMITED Notes to the Accounts for the year ended 30 November 2021
8
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
12,889 
18,000 
9
Share capital
2021 
2020 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
10
Average number of employees
During the year the average number of employees was 2 (2020: 1).
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