IRIS Accounts Production v23.3.0.418 04702621 director 1.4.22 31.3.23 31.3.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh047026212022-03-31047026212023-03-31047026212022-04-012023-03-31047026212021-03-31047026212021-04-012022-03-31047026212022-03-3104702621ns10:Originalns15:EnglandWales2022-04-012023-03-3104702621ns14:PoundSterlingns10:Original2022-04-012023-03-3104702621ns10:Originalns10:Director12022-04-012023-03-3104702621ns10:Original2022-04-012023-03-3104702621ns10:Original2023-03-3104702621ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3104702621ns10:Originalns10:SmallEntities2022-04-012023-03-3104702621ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3104702621ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3104702621ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3104702621ns10:Originalns10:FullAccounts2022-04-012023-03-3104702621ns10:Original12022-04-012023-03-3104702621ns10:Originalns10:RegisteredOffice2022-04-012023-03-3104702621ns10:Original2022-03-3104702621ns10:Originalns5:CurrentFinancialInstruments2023-03-3104702621ns10:Originalns5:CurrentFinancialInstruments2022-03-3104702621ns10:Originalns5:Non-currentFinancialInstruments2023-03-3104702621ns10:Originalns5:Non-currentFinancialInstruments2022-03-3104702621ns5:ShareCapitalns10:Original2023-03-3104702621ns5:ShareCapitalns10:Original2022-03-3104702621ns10:Originalns5:RevaluationReserve2023-03-3104702621ns10:Originalns5:RevaluationReserve2022-03-3104702621ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3104702621ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3104702621ns10:Originalns5:NetGoodwill2022-04-012023-03-3104702621ns10:Originalns5:ComputerSoftware2022-04-012023-03-3104702621ns10:Originalns5:PlantMachinery2022-04-012023-03-3104702621ns10:Originalns5:FurnitureFittings2022-04-012023-03-3104702621ns10:Original2021-04-012022-03-3104702621ns10:Originalns5:NetGoodwill2022-03-3104702621ns10:Originalns5:ComputerSoftware2022-03-3104702621ns10:Original2022-03-3104702621ns10:Originalns5:NetGoodwill2023-03-3104702621ns10:Originalns5:ComputerSoftware2023-03-3104702621ns10:Originalns5:NetGoodwill2022-03-3104702621ns10:Originalns5:ComputerSoftware2022-03-3104702621ns10:Originalns5:PlantMachinery2022-03-3104702621ns10:Originalns5:FurnitureFittings2022-03-3104702621ns10:Originalns5:PlantMachinery2023-03-3104702621ns10:Originalns5:FurnitureFittings2023-03-3104702621ns10:Originalns5:PlantMachinery2022-03-3104702621ns10:Originalns5:FurnitureFittings2022-03-3104702621ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104702621ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3104702621ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3104702621ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-03-3104702621ns10:Originalns5:Non-currentFinancialInstruments2022-04-012023-03-31
REGISTERED NUMBER: 04702621 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Chryssaphes Associates Limited

Chryssaphes Associates Limited (Registered number: 04702621)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chryssaphes Associates Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr H Chryssaphes





REGISTERED OFFICE: C/O City Chartered Accountants
Suite 540, 5th Floor, Linen Hall
162-168 Regent Street
London
W1B 5TF





REGISTERED NUMBER: 04702621 (England and Wales)





ACCOUNTANTS: City, Chartered Accountants
Suite 540, 5th Floor,
Linen Hall
162- 168 Regent Street
London
W1B 5TF

Chryssaphes Associates Limited (Registered number: 04702621)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 100,001 104,001
Tangible assets 5 645 860
100,646 104,861

CURRENT ASSETS
Debtors 6 12,232 23,380
Cash at bank - 5,938
12,232 29,318
CREDITORS
Amounts falling due within one year 7 (60,883 ) (13,259 )
NET CURRENT (LIABILITIES)/ASSETS (48,651 ) 16,059
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,995

120,920

CREDITORS
Amounts falling due after more than one
year

8

(26,667

)

(36,667

)

PROVISIONS FOR LIABILITIES (123 ) (163 )
NET ASSETS 25,205 84,090

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 9 50,000 50,000
Retained earnings (24,797 ) 34,088
SHAREHOLDERS' FUNDS 25,205 84,090

Chryssaphes Associates Limited (Registered number: 04702621)

Balance Sheet - continued
31 March 2023


The company is entitled to exemption from audit under Section 477 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 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 27 October 2023 and were signed by:





Mr H Chryssaphes - Director


Chryssaphes Associates Limited (Registered number: 04702621)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Chryssaphes Associates Limited is a private company, limited by shares , registered in England and Wales. 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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Database
The net book value of the database was deemed to be equal to its market value at the year-end and therefore has not been amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on reducing balance
Furniture - 25% on reducing balance

Taxation
Taxation for the year 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.


Chryssaphes Associates Limited (Registered number: 04702621)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate. No pension contributions were made during the current or prior year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
Goodwill (Database) Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 80,000 100,000 180,000
AMORTISATION
At 1 April 2022 75,999 - 75,999
Amortisation for year 4,000 - 4,000
At 31 March 2023 79,999 - 79,999
NET BOOK VALUE
At 31 March 2023 1 100,000 100,001
At 31 March 2022 4,001 100,000 104,001

Chryssaphes Associates Limited (Registered number: 04702621)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Office
equipment Furniture Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 15,809 1,852 17,661
DEPRECIATION
At 1 April 2022 14,975 1,826 16,801
Charge for year 209 6 215
At 31 March 2023 15,184 1,832 17,016
NET BOOK VALUE
At 31 March 2023 625 20 645
At 31 March 2022 834 26 860

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Rent deposit 8,399 8,399
Director's current account - 1,750
Tax - 9,354
VAT 1,056 1,079
Prepayments 2,777 2,798
12,232 23,380

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 44,466 10,000
Trade creditors 1,163 82
Social security and other taxes 328 332
Director's current account 11,532 -
Accrued expenses 3,394 2,845
60,883 13,259

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 26,667 36,667

Chryssaphes Associates Limited (Registered number: 04702621)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

In May 2020, the Company took advantage of a Bounce Back loan of £50,000 from Barclays Bank. The loan is 100% backed by HM Government and was offered as part of their response to the Covid-19 pandemic. The loan has a term of 6 years and repayments by instalment started in December 2021. Consequently, part of this loan is disclosed as a creditor due after more than one year.

9. RESERVES

Revaluation
reserve
£
At 1st April 2022
and 31st March 2023 50,000

10. RELATED PARTY DISCLOSURES

In respect of the financial year, total dividends of £4,490 (2022: £18,600) were paid to the director.

At the year end the Company owed the director, Mr H Chryssaphes £11,533 (2022 : DR £1,750).

11. GOING CONCERN

The director has a reasonable expectation that the Company has adequate resources to continue operational existence for the foreseeable future. In forming this judgement, the director has taken into consideration expected future cash flows and the Company's ability to meet liabilities as they fall due. Thus, the Company continues to adopt the going concern basis in preparing the financial statements.