Company Registration No. 13047212 (England and Wales)
Time and Chance Investments Ltd
Unaudited accounts
for the year ended 30 November 2023
Time and Chance Investments Ltd
Unaudited accounts
Contents
Time and Chance Investments Ltd
Company Information
for the year ended 30 November 2023
Directors
Philip William Raisey
Carol Anne Raisey
Company Number
13047212 (England and Wales)
Registered Office
8 Old James Street
Nunhead
London
SE15 3TS
Time and Chance Investments Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
1,766,384
1,768,564
Cash at bank and in hand
618
1,171
Creditors: amounts falling due within one year
(1,916,301)
(1,914,379)
Net current liabilities
(1,904,799)
(1,913,201)
Net liabilities
(123,354)
(123,244)
Called up share capital
4
4
Profit and loss account
(123,358)
(123,248)
Shareholders' funds
(123,354)
(123,244)
For the year ending 30 November 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 directors acknowledge their 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 of Directors and authorised for issue on 1 March 2024 and were signed on its behalf by
Philip William Raisey
Director
Company Registration No. 13047212
Time and Chance Investments Ltd
Notes to the Accounts
for the year ended 30 November 2023
Time and Chance Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 13047212. The registered office is 8 Old James Street, Nunhead, London, SE15 3TS.
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:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2022
1,749,000
1,991
19,315
1,770,306
At 30 November 2023
1,749,000
1,991
19,315
1,770,306
At 1 December 2022
-
498
1,244
1,742
Charge for the year
-
373
1,807
2,180
At 30 November 2023
-
871
3,051
3,922
At 30 November 2023
1,749,000
1,120
16,264
1,766,384
At 30 November 2022
1,749,000
1,493
18,071
1,768,564
Time and Chance Investments Ltd
Notes to the Accounts
for the year ended 30 November 2023
5
Investments
Other investments
Valuation at 1 December 2022
21,393
Valuation at 30 November 2023
15,061
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
1,327,494
1,311,689
Loans from directors
588,351
602,235
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).