REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 18 November 2022 to 31 December 2023 |
for |
Chalo Chai Ltd |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings | 7 | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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. |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Amounts owed to group undertakings |
Other creditors |
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: | £ |
Ordinary | £1 | 100 |
100 Ordinary shares of £1 each were allotted and fully paid for |
7. | RESERVES |
Retained |
earnings |
£ |
Deficit for the period | ( |
) |
At 31 December 2023 | ( |
) |
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 |