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REGISTERED NUMBER: 10381419 (England and Wales)














Unaudited Financial Statements

for the Year Ended 5 April 2023

for

DR CHIARA HUNT & ASSOCIATES LIMITED

DR CHIARA HUNT & ASSOCIATES LIMITED (REGISTERED NUMBER: 10381419)

Contents of the Financial Statements
for the year ended 5 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DR CHIARA HUNT & ASSOCIATES LIMITED

Company Information
for the year ended 5 April 2023







Director: Mrs C Evetts





Registered office: Juniper House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE





Registered number: 10381419 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Juniper House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE

DR CHIARA HUNT & ASSOCIATES LIMITED (REGISTERED NUMBER: 10381419)

Balance Sheet
5 April 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 14,536 14,536
14,536 14,536

Current assets
Debtors 6 1,385,792 990,530
Cash at bank 268,169 205,572
1,653,961 1,196,102
Creditors
Amounts falling due within one year 7 221,201 164,772
Net current assets 1,432,760 1,031,330
Total assets less current liabilities 1,447,296 1,045,866

Capital and reserves
Called up share capital 8 1 1
Retained earnings 1,447,295 1,045,865
Shareholders' funds 1,447,296 1,045,866

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 January 2024 and were signed by:





Mrs C Evetts - Director


DR CHIARA HUNT & ASSOCIATES LIMITED (REGISTERED NUMBER: 10381419)

Notes to the Financial Statements
for the year ended 5 April 2023


1. Statutory information

Dr Chiara Hunt & 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - Straight line over 8 to 10 years

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

DR CHIARA HUNT & ASSOCIATES LIMITED (REGISTERED NUMBER: 10381419)

Notes to the Financial Statements - continued
for the year ended 5 April 2023


3. Employees and directors

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

4. Intangible fixed assets
Goodwill
£   
Cost
At 6 April 2022
and 5 April 2023 300,000
Amortisation
At 6 April 2022
and 5 April 2023 300,000
Net book value
At 5 April 2023 -
At 5 April 2022 -

5. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 6 April 2022
and 5 April 2023 14,536
Net book value
At 5 April 2023 14,536
At 5 April 2022 14,536

Amounts held in fixtures and fittings relate to expenditure on paintings. It is believed these are unlikely to depreciate in value and as such are held at historical cost.

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 143,617 85,186
Other debtors 1,242,175 905,344
1,385,792 990,530

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 16,179 -
Taxation and social security 202,823 163,271
Other creditors 2,199 1,501
221,201 164,772

DR CHIARA HUNT & ASSOCIATES LIMITED (REGISTERED NUMBER: 10381419)

Notes to the Financial Statements - continued
for the year ended 5 April 2023


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1.00 1 1

9. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 5 April 2023 and 5 April 2022:

2023 2022
£    £   
Mrs C Evetts
Balance outstanding at start of year 679,445 525,029
Amounts advanced 744,008 646,052
Amounts repaid (494,443 ) (491,636 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 929,010 679,445