IRIS Accounts Production v23.3.1.45 SC440524 Board of Directors 1.4.22 31.3.23 31.3.23 No description of principal activity 0 0 false true false false true true Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4405242022-03-31SC4405242023-03-31SC4405242022-04-012023-03-31SC4405242021-03-31SC4405242021-04-012022-03-31SC4405242022-03-31SC440524ns10:Originalns15:Scotland2022-04-012023-03-31SC440524ns14:PoundSterlingns10:Original2022-04-012023-03-31SC440524ns10:Originalns10:Director12022-04-012023-03-31SC440524ns10:Original2022-04-012023-03-31SC440524ns10:Original2023-03-31SC440524ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-31SC440524ns10:Originalns10:SmallEntities2022-04-012023-03-31SC440524ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-31SC440524ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-31SC440524ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-31SC440524ns10:Originalns10:FullAccounts2022-04-012023-03-31SC440524ns10:Original2021-04-012022-03-31SC440524ns10:Originalns10:EntityNoLongerTradingButTradedInPast2022-04-012023-03-31SC440524ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-31SC440524ns10:Originalns10:Director22022-04-012023-03-31SC440524ns10:Originalns10:Director32022-04-012023-03-31SC440524ns10:Originalns10:Director42022-04-012023-03-31SC440524ns10:CompanySecretary1ns10:Original2022-04-012023-03-31SC440524ns10:Originalns10:RegisteredOffice2022-04-012023-03-31SC440524ns10:Original2022-03-31SC440524ns10:Originalns5:Non-currentFinancialInstruments2023-03-31SC440524ns10:Originalns5:Non-currentFinancialInstruments2022-03-31SC440524ns5:ShareCapitalns10:Original2023-03-31SC440524ns5:ShareCapitalns10:Original2022-03-31SC440524ns10:Originalns5:LandBuildings2022-03-31SC440524ns10:Originalns5:LandBuildings2023-03-31SC440524ns10:Originalns5:LandBuildings2022-03-31SC440524ns10:Originalns10:OrdinaryShareClass12023-03-31
REGISTERED NUMBER: SC440524 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

CHELL (MEMSIE) LIMITED

CHELL (MEMSIE) LIMITED (REGISTERED NUMBER: SC440524)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

CHELL (MEMSIE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: W W Lovie
Mrs D Lovie
M W Lovie
M C Lovie





SECRETARY: W W Lovie





REGISTERED OFFICE: Cowbog
New Pitsligo
Fraserburgh
Aberdeenshire
AB43 6PR





REGISTERED NUMBER: SC440524 (Scotland)

CHELL (MEMSIE) LIMITED (REGISTERED NUMBER: SC440524)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 400,000 400,000
TOTAL ASSETS LESS CURRENT
LIABILITIES

400,000

400,000

CREDITORS
Amounts falling due after more than one
year

6

399,998

399,998
NET ASSETS 2 2

CAPITAL AND RESERVES
Called up share capital 7 2 2
SHAREHOLDERS' FUNDS 2 2

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 2 November 2023 and were signed on its behalf by:





W W Lovie - Director


CHELL (MEMSIE) LIMITED (REGISTERED NUMBER: SC440524)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Chell (Memsie) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest pound.

The company was dormant throughout the current year and previous year.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Land - Land is not depreciated

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Profit and loss account.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

5. TANGIBLE FIXED ASSETS
Land
£   
COST
At 1 April 2022
and 31 March 2023 400,000
NET BOOK VALUE
At 31 March 2023 400,000
At 31 March 2022 400,000

CHELL (MEMSIE) LIMITED (REGISTERED NUMBER: SC440524)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Amounts owed to group undertakings 399,998 399,998

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary 1 2 2

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9. ULTIMATE CONTROLLING PARTY

The immediate parent company is Lovie Limited, a company registered in Scotland.

The ultimate parent company is Lovie Group Limited, a company registered in Scotland. The largest group in which the results of the company are consolidated is that headed by Lovie Group Limited. Copies of the financial statements of Lovie Group Limited can be obtained from its registered office at Cowbog, New Pitsligo, Fraserburgh, Aberdeenshire, AB43 6PR.