Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-3022022-12-01falseHolding Company2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09227465 2022-12-01 2023-11-30 09227465 2021-12-01 2022-11-30 09227465 2023-11-30 09227465 2022-11-30 09227465 c:Director2 2022-12-01 2023-11-30 09227465 d:CurrentFinancialInstruments 2023-11-30 09227465 d:CurrentFinancialInstruments 2022-11-30 09227465 d:Non-currentFinancialInstruments 2023-11-30 09227465 d:Non-currentFinancialInstruments 2022-11-30 09227465 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 09227465 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 09227465 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 09227465 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 09227465 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-11-30 09227465 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-11-30 09227465 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-11-30 09227465 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-11-30 09227465 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-11-30 09227465 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-11-30 09227465 d:ShareCapital 2023-11-30 09227465 d:ShareCapital 2022-11-30 09227465 d:RetainedEarningsAccumulatedLosses 2023-11-30 09227465 d:RetainedEarningsAccumulatedLosses 2022-11-30 09227465 c:FRS102 2022-12-01 2023-11-30 09227465 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 09227465 c:FullAccounts 2022-12-01 2023-11-30 09227465 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 09227465 2 2022-12-01 2023-11-30 09227465 6 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 09227465









CHOUFFOT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
CHOUFFOT LIMITED
REGISTERED NUMBER: 09227465

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
523,321
523,321

  
523,321
523,321

Current assets
  

Debtors: amounts falling due within one year
 5 
-
34,829

Cash at bank and in hand
  
709
1,289

  
709
36,118

Creditors: amounts falling due within one year
 6 
(483,230)
(409,257)

Net current liabilities
  
 
 
(482,521)
 
 
(373,139)

Total assets less current liabilities
  
40,800
150,182

Creditors: amounts falling due after more than one year
 7 
-
(111,348)

  

Net assets
  
40,800
38,834

Page 1

 
CHOUFFOT LIMITED
REGISTERED NUMBER: 09227465
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
40,798
38,832

  
40,800
38,834


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 August 2024.




N A Chouffot
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
CHOUFFOT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Chouffot Limited is a private limited liability company with share capital incorporated in England & Wales under company number 09227465 with its registered office at Basepoint Business Centre, 110 Butterfield, Great Marlings, Luton, Bedfordshire LU2 8DL.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
 
The financial statements have been preapred in GB£, the company's functional currency, and the amounts have been rounded to the nearest £.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
CHOUFFOT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Management
2
2

Page 4

 
CHOUFFOT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 December 2022
523,321



At 30 November 2023
523,321





5.


Debtors

2023
2022
£
£


Other debtors
-
34,829

-
34,829


Page 5

 
CHOUFFOT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
-
7,500

Amounts owed to group undertakings
482,285
401,373

Other creditors
945
-

Accruals and deferred income
-
384

483,230
409,257


The following liabilities were secured:

2023
2022
£
£



Bank loans
-
7,500

-
7,500

Details of security provided:

The bank loans are secured by a fixed and floating charge over the assets of the company and its subsidiary company.

Page 6

 
CHOUFFOT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
-
111,348

-
111,348


The following liabilities were secured:

2023
2022
£
£



Bank loans
-
111,348

-
111,348

Details of security provided:

The bank loans are secured by a fixed and floating charge over the assets of the company and its subsidiary company.

Page 7

 
CHOUFFOT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
-
7,500


-
7,500

Amounts falling due 1-2 years

Bank loans
-
7,500


-
7,500

Amounts falling due 2-5 years

Bank loans
-
22,500


-
22,500

Amounts falling due after more than 5 years

Bank loans
-
81,348

-
81,348

-
118,848



9.


Transactions with directors

The directors maintain a loan account with the company. At the beginning of the year the directors owed the company £34,829. During the year there were advances to the directors of £49,741 (2022: £142,504) and repayments of £86,000 (2022: £107,500). At the year end date the directors were owed £485 by the company. 
The loan beared interest at HMRC's official rate during the year. 


10.


Related party transactions

During the year the company received an advancement of funds from its subsidiary company, New Kitchens Limited. This included dividends totalling £95,000 (2022: £145,500). At 30 November 2023 the company owed its subsidiary £482,285 (2022: £401,373) and this amount is included within creditors. These monies are interest free and repayable on demand.

Page 8

 
CHOUFFOT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

11.


Controlling party

In the opinion of the directors there is no one ultimate controlling party.

 
Page 9