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REGISTERED NUMBER: 14493017 (England and Wales)












Unaudited Financial Statements

for the Period 18 November 2022 to 31 December 2023

for

Chalo Chai Ltd

Chalo Chai Ltd (Registered number: 14493017)






Contents of the Financial Statements
for the Period 18 November 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Chalo Chai Ltd

Company Information
for the Period 18 November 2022 to 31 December 2023







DIRECTOR: Ms G Van Den Boer





REGISTERED OFFICE: Westwood House
Annie Med Lane
South Cave
HU15 2HG





REGISTERED NUMBER: 14493017 (England and Wales)





ACCOUNTANTS: Try Lunn & Co
Chartered Accountants
Roland House
Princes Dock Street
HULL HU1 2LD

Chalo Chai Ltd (Registered number: 14493017)

Balance Sheet
31 December 2023

Notes £   
CURRENT ASSETS
Stocks 7,280
Debtors 4 3,918
Cash at bank 697
11,895
CREDITORS
Amounts falling due within one year 5 19,172
NET CURRENT LIABILITIES (7,277 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,277

)

CAPITAL AND RESERVES
Called up share capital 6 100
Retained earnings 7 (7,377 )
SHAREHOLDERS' FUNDS (7,277 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 August 2024 and were signed by:





Ms G Van Den Boer - Director


Chalo Chai Ltd (Registered number: 14493017)

Notes to the Financial Statements
for the Period 18 November 2022 to 31 December 2023

1. STATUTORY INFORMATION

Chalo Chai Ltd 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.

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.

The company is dependent on the continued financial support of its parent company Chalo Company BV. The directors of Chalo Company BV have agreed to provide such support to ensure the company will be able to meet its debts as they fall due for the foreseeable future. The accounts are therefore prepared on a going concern basis.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 3,204
Other debtors 714
3,918

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 1,404
Amounts owed to group undertakings 16,215
Other creditors 1,553
19,172

Chalo Chai Ltd (Registered number: 14493017)

Notes to the Financial Statements - continued
for the Period 18 November 2022 to 31 December 2023

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

7. RESERVES
Retained
earnings
£   

Deficit for the period (7,377 )
At 31 December 2023 (7,377 )

8. RELATED PARTY DISCLOSURES

During the year the company purchased goods totalling £11,167 from Chalo Company BV, the parent company of Chalo Chai Ltd.

Also during the year Chalo Company BV paid £4,685 on behalf of the company and received £448 on behalf of the company. Chalo Chai Ltd received £1,015 on behalf of Chalo Company BV.

At 31 December 2023 £16,215 was owed to Chalo Company BV by the company. This amount is interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Chalo Chai BV, a company incorporated in Belgium.

The ultimate controlling party is Ms G Van Den Boer.