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
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
Chynance Holdings Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
32,535
2,546
Investment property
100,193
100,193
Cash at bank and in hand
1,137
-
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)
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
Chynance Holdings Ltd
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 December 2023
1,593
30,375
567
32,535
At 31 December 2022
2,124
-
422
2,546
Fair value at 1 January 2023
100,193
At 31 December 2023
100,193
Chynance Holdings Ltd
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due after more than one year
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
-
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).