Silverfin false true 31/08/2023 01/09/2022 31/08/2023 Soren Knudsen 25/08/2020 28 August 2024 The principal activity of the Company during the financial year was that of a dormant investment company. 12835321 2023-08-31 12835321 bus:Director1 2023-08-31 12835321 2022-08-31 12835321 core:CurrentFinancialInstruments 2023-08-31 12835321 core:CurrentFinancialInstruments 2022-08-31 12835321 core:ShareCapital 2023-08-31 12835321 core:ShareCapital 2022-08-31 12835321 core:RetainedEarningsAccumulatedLosses 2023-08-31 12835321 core:RetainedEarningsAccumulatedLosses 2022-08-31 12835321 core:OfficeEquipment 2022-08-31 12835321 core:OfficeEquipment 2023-08-31 12835321 core:CostValuation 2022-08-31 12835321 core:CostValuation 2023-08-31 12835321 bus:OrdinaryShareClass1 2023-08-31 12835321 2022-09-01 2023-08-31 12835321 bus:FilletedAccounts 2022-09-01 2023-08-31 12835321 bus:SmallEntities 2022-09-01 2023-08-31 12835321 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 12835321 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 12835321 bus:Director1 2022-09-01 2023-08-31 12835321 2021-09-01 2022-08-31 12835321 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 12835321 bus:OrdinaryShareClass1 2021-09-01 2022-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 12835321 (England and Wales)

CHUI VENTURES LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2023
Pages for filing with the registrar

CHUI VENTURES LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2023

Contents

CHUI VENTURES LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 August 2023
CHUI VENTURES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 August 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 2,304 2,304
Investments 4 77,055 77,055
79,359 79,359
Creditors: amounts falling due within one year 5 ( 103,546) ( 103,546)
Net current liabilities (103,546) (103,546)
Total assets less current liabilities (24,187) (24,187)
Provision for liabilities ( 576) ( 576)
Net liabilities ( 24,763) ( 24,763)
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account ( 24,863 ) ( 24,863 )
Total shareholder's deficit ( 24,763) ( 24,763)

Chui Ventures Limited (registered number: 12835321) did not trade during the current financial year and has made neither profit nor loss, nor any other comprehensive income. There have been no movements in shareholders’ funds during the current financial year and therefore no Statement of Changes of Equity has been included. For the financial year ending 31 August 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The financial statements of Chui Ventures Limited (registered number: 12835321) were approved and authorised for issue by the Director on 28 August 2024. They were signed on its behalf by:

Soren Knudsen
Director
CHUI VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2023
CHUI VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Chui Ventures Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2nd Floor Stratus House Emperor Way, Exeter Business Park, Exeter, EX1 3QS, United Kingdom. The registered number of the company is 12835321.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

The principal place of business is Waverley House, 9 Noel St, Soho, London, W1F 8GQ, United Kingdom.

Going concern

In 2023, the company became dormant. No further activity is expected until the sale of the investment portfolio in the future.

Taxation


Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Office equipment not depreciated
Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 September 2022 2,645 2,645
At 31 August 2023 2,645 2,645
Accumulated depreciation
At 01 September 2022 341 341
At 31 August 2023 341 341
Net book value
At 31 August 2023 2,304 2,304
At 31 August 2022 2,304 2,304

4. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 September 2022 77,055 77,055
At 31 August 2023 77,055 77,055
Carrying value at 31 August 2023 77,055 77,055
Carrying value at 31 August 2022 77,055 77,055

5. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to director 100,066 100,066
Accruals 3,480 3,480
103,546 103,546

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

7. Related party transactions

Transactions with the entity's director

2023 2022
£ £
Amounts owed to directors 100,066 95,266