REGISTERED NUMBER: |
CHAPTER 2 DATING LTD |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 3 MAY 2022 TO 31 MAY 2023 |
REGISTERED NUMBER: |
CHAPTER 2 DATING LTD |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 3 MAY 2022 TO 31 MAY 2023 |
CHAPTER 2 DATING LTD (REGISTERED NUMBER: 14082950) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 3 MAY 2022 TO 31 MAY 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
CHAPTER 2 DATING LTD |
COMPANY INFORMATION |
FOR THE PERIOD 3 MAY 2022 TO 31 MAY 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
The Exchange |
5 Bank Street |
Bury |
Lancashire |
BL9 0DN |
CHAPTER 2 DATING LTD (REGISTERED NUMBER: 14082950) |
STATEMENT OF FINANCIAL POSITION |
31 MAY 2023 |
Notes | £ |
FIXED ASSETS |
Intangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings | ( |
) |
The director acknowledges her 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. |
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 |
CHAPTER 2 DATING LTD (REGISTERED NUMBER: 14082950) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 3 MAY 2022 TO 31 MAY 2023 |
1. | STATUTORY INFORMATION |
Chapter 2 Dating Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 14082950 and registered office address is 35 Lower Cribden Avenue, Rossendale, Lancashire, BB4 6SW. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Going concern |
At the statement of financial position, the company had negative retained earnings of £51,917 and reported a net loss for the year. The company is in the start up phase and the director has the expectation that the company has adequate resources to continue trading for the foreseeable future; therefore the director continues to adopt the going concern basis in preparing the financial statements. |
Significant judgements and estimates |
In the application of the company's accounting policies, the director is required to make estimates and judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ from these estimates. |
The estimates are continually evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised. |
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below. |
Estimating the useful economic life of an asset and the anticipated residual value are considered the key judgement in calculating an appropriate amortisation charge. |
Revenue |
Revenue is subscription based and represents the invoiced value of services provided during the period, stated net of Value Added Tax. Subscription revenue is allocated to the relevant accounting periods covered by the subscription, and is therefore recognised as those services are provided. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
CHAPTER 2 DATING LTD (REGISTERED NUMBER: 14082950) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 3 MAY 2022 TO 31 MAY 2023 |
2. | ACCOUNTING POLICIES - continued |
Financial instruments |
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. |
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement. |
Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled. |
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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
CHAPTER 2 DATING LTD (REGISTERED NUMBER: 14082950) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 3 MAY 2022 TO 31 MAY 2023 |
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
Additions |
At 31 May 2023 |
AMORTISATION |
Charge for period |
At 31 May 2023 |
NET BOOK VALUE |
At 31 May 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Other creditors |