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Company Registration No. 13058158 (England and Wales)
Chynance Holdings Ltd Unaudited accounts for the year ended 31 December 2023
Chynance Holdings Ltd Unaudited accounts Contents
Page
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Chynance Holdings Ltd Company Information for the year ended 31 December 2023
Director
ANDREW CLATWORTHY
Company Number
13058158 (England and Wales)
Registered Office
2 STRET CONSTANTINE NEWQUAY CORNWALL TR7 1GF ENGLAND
Accountants
Chynance Accountancy Services Ltd 2 King Mark House Stret Constantine Newquay Cornwall TR7 1GF
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Chynance Holdings Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
32,535 
2,546 
Investment property
100,193 
100,193 
132,728 
102,739 
Current assets
Debtors
19 
138 
Cash at bank and in hand
1,137 
- 
1,156 
138 
Creditors: amounts falling due within one year
(2,551)
(45)
Net current (liabilities)/assets
(1,395)
93 
Total assets less current liabilities
131,333 
102,832 
Creditors: amounts falling due after more than one year
(143,379)
(108,243)
Net liabilities
(12,046)
(5,411)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(12,047)
(5,412)
Shareholders' funds
(12,046)
(5,411)
For the year ending 31 December 2023 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 12 January 2024 and were signed on its behalf by
ANDREW CLATWORTHY Director Company Registration No. 13058158
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Chynance Holdings Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Chynance Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 13058158. The registered office is 2 STRET CONSTANTINE, NEWQUAY, CORNWALL, TR7 1GF, ENGLAND.
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:
Computer equipment
25% Reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
2,832 
- 
749 
3,581 
Additions
- 
40,500 
333 
40,833 
At 31 December 2023
2,832 
40,500 
1,082 
44,414 
Depreciation
At 1 January 2023
708 
- 
327 
1,035 
Charge for the year
531 
10,125 
188 
10,844 
At 31 December 2023
1,239 
10,125 
515 
11,879 
Net book value
At 31 December 2023
1,593 
30,375 
567 
32,535 
At 31 December 2022
2,124 
- 
422 
2,546 
5
Investment property
2023 
£ 
Fair value at 1 January 2023
100,193 
At 31 December 2023
100,193 
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Chynance Holdings Ltd Notes to the Accounts for the year ended 31 December 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
19 
138 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
45 
Obligations under finance leases and hire purchase contracts
1,651 
- 
Accruals
900 
- 
2,551 
45 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
143,379 
108,243 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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