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REGISTERED NUMBER: SC715575 (Scotland)












Financial Statements

for the Period

19 November 2021 to 28 February 2022

for

CHanlon Group Limited

CHanlon Group Limited (Registered number: SC715575)






Contents of the Financial Statements
for the Period 19 November 2021 to 28 February 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHanlon Group Limited

Company Information
for the Period 19 November 2021 to 28 February 2022







DIRECTOR: S K Selli





REGISTERED OFFICE: Calder House
Ellismuir Way
Uddingston
G71 5PW





REGISTERED NUMBER: SC715575 (Scotland)





ACCOUNTANTS: O'Haras Chartered Accountants
Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU

CHanlon Group Limited (Registered number: SC715575)

Balance Sheet
28 February 2022

Notes £    £   
FIXED ASSETS
Investments 4 2,300,000

CURRENT ASSETS
Debtors 5 80

CREDITORS
Amounts falling due within one year 6 1,050,000
NET CURRENT LIABILITIES (1,049,920 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,250,080

CAPITAL AND RESERVES
Called up share capital 80
Merger relief reserve 1,250,000
SHAREHOLDERS' FUNDS 1,250,080

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 October 2023 and were signed by:





S K Selli - Director


CHanlon Group Limited (Registered number: SC715575)

Notes to the Financial Statements
for the Period 19 November 2021 to 28 February 2022

1. STATUTORY INFORMATION

CHanlon Group Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The directors are satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

CHanlon Group Limited (Registered number: SC715575)

Notes to the Financial Statements - continued
for the Period 19 November 2021 to 28 February 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 2,300,000
At 28 February 2022 2,300,000
NET BOOK VALUE
At 28 February 2022 2,300,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 80

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed to group undertakings 1,050,000