Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-31false3The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true22022-09-01false58110 - Book publishing, 68209 - Other letting and operating of own or leased real estate, 80100 - Private security activitiesfalse 08172268 2022-09-01 2023-08-31 08172268 2023-08-31 08172268 2021-09-01 2022-08-31 08172268 2022-08-31 08172268 c:Director1 2022-09-01 2023-08-31 08172268 d:FreeholdInvestmentProperty 2022-09-01 2023-08-31 08172268 d:FreeholdInvestmentProperty 2023-08-31 08172268 d:FreeholdInvestmentProperty 2022-08-31 08172268 d:CurrentFinancialInstruments 2023-08-31 08172268 d:CurrentFinancialInstruments 2022-08-31 08172268 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 08172268 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 08172268 d:ShareCapital 2023-08-31 08172268 d:ShareCapital 2022-08-31 08172268 d:RetainedEarningsAccumulatedLosses 2023-08-31 08172268 d:RetainedEarningsAccumulatedLosses 2022-08-31 08172268 c:FRS102 2022-09-01 2023-08-31 08172268 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 08172268 c:FullAccounts 2022-09-01 2023-08-31 08172268 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 08172268 e:PoundSterling 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure
Registered number: 08172268


LE CHEMKA RISK LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

 
LE CHEMKA RISK LIMITED
REGISTERED NUMBER: 08172268

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
-
160,000

  
-
160,000

Current assets
  

Debtors: amounts falling due within one year
 5 
48,873
-

Cash at bank and in hand
 6 
9,601
8,132

  
58,474
8,132

Creditors: amounts falling due within one year
 7 
(120,164)
(184,740)

Net current liabilities
  
 
 
(61,690)
 
 
(176,608)

Total assets less current liabilities
  
(61,690)
(16,608)

  

Net liabilities
  
(61,690)
(16,608)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(61,790)
(16,708)

  
(61,690)
(16,608)


Page 1

 
LE CHEMKA RISK LIMITED
REGISTERED NUMBER: 08172268
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023

The director considers 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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 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 statement of income and retained earnings 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 by: 




................................................
Philip Anthony Cleary
Director

Date: 28 August 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
LE CHEMKA RISK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

Le Chemka Risk Limited is a private limited company, incorporated and domiciled in England and Wales, registration number 08172268. The registered office address is 1 Vincent Square, London, United Kingdom, SW1P 2PN. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

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.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
LE CHEMKA RISK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 4

 
LE CHEMKA RISK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

3.


Employees

2023
2022
£
£

Wages and salaries
39,000
7,500

Cost of defined contribution scheme
799
-

39,799
7,500


The average monthly number of employees, including directors, during the year was 3 (2022 - 2).


4.


Investment property


Freehold investment property

£





At 1 September 2022
160,000


Disposals
(160,000)



At 31 August 2023
-









5.


Debtors

2023
2022
£
£


Amounts owed by Associated Companies
48,873
-

48,873
-


Page 5

 
LE CHEMKA RISK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
9,601
8,132

9,601
8,132



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
461
482

Other creditors
118,203
182,758

Accruals and deferred income
1,500
1,500

120,164
184,740



8.


Pension commitments

The entity contributes to a defined contributions pension scheme. The assets of the scheme are held separately from those of the entity in an independently administered fund.  The pension cost charge represents contributions payable by the entity to individual staff funds and amounted to £799 (2022: £nil). Contributions totalling £nil (2022: £nil) were payable to the fund at the balance sheet date and are included in creditors.


9.


Related party transactions

At the balance sheet date the Company owed the director £118,185 (2022: £182,758).

 
Page 6