Company registration number 630005 (England and Wales)
CHANRAI INTERNATIONAL LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
CHANRAI INTERNATIONAL LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
Notes to the financial statements
2 - 5
CHANRAI INTERNATIONAL LIMITED
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
2,611
2,132
Current assets
Debtors
5
36,799
20,022
Cash at bank and in hand
252,452
284,043
289,251
304,065
Creditors: amounts falling due within one year
6
(24,795)
(43,339)
Net current assets
264,456
260,726
Total assets less current liabilities
267,067
262,858
Provisions for liabilities
(653)
(533)
Net assets
266,414
262,325
Capital and reserves
Called up share capital
200,000
200,000
Profit and loss reserves
66,414
62,325
Total equity
266,414
262,325

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The financial statements were approved by the board of directors and authorised for issue on 29 August 2024 and are signed on its behalf by:
Mr M B Hathiramani
Director
Company Registration No. 630005
CHANRAI INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information

Chanrai International Limited is a private company limited by shares incorporated in England and Wales. The registered office is First Floor, 118 Baker Street, London, United Kingdom, W1U 6TT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 

As noted in the directors report, it is intended to commence the wind down of the activities of the company. The directors do not consider this decision impacts on the ability of the company to continue in operational existence.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings
10% on reducing balance
Computers
33.33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

CHANRAI INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 3 -
Current tax

Taxation for the year 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

 

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

 

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

1.7
Foreign exchange

Trading transactions denominated in foreign currencies are recorded in sterling at average rates for the year. Monetary assets and liabilities denominated in foreign currencies at the year end are reported at the rates of exchange prevailing at the year end. All exchange differences on conversion or translation are for the account of trade associates.

1.8

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease.

1.9

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the Income Statement in the period to which they relate.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

CHANRAI INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
3
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023
25,415
Additions
747
At 30 June 2024
26,162
Depreciation and impairment
At 1 July 2023
23,283
Depreciation charged in the year
268
At 30 June 2024
23,551
Carrying amount
At 30 June 2024
2,611
At 30 June 2023
2,132
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
18,575
-
0
Other debtors
18,224
20,022
36,799
20,022
CHANRAI INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 5 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
-
0
13,920
Corporation tax
6,718
4,364
Other creditors
18,077
25,055
24,795
43,339
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Ian Jefferson
Statutory Auditor:
Azets Audit Services
8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
-
0
32,632
9
Events after the reporting date

After the year end the directors agreed to commence the wind down of the activities of the company with a view to ceasing to trade in December 2024.

2024-06-302023-07-01false02 September 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityThis audit opinion is unqualifiedMr P G ChanraiMr M B HathiramaniMr H P ChanraiMr M B Hathiramanifalsefalse6300052023-07-012024-06-306300052024-06-306300052023-06-30630005core:OtherPropertyPlantEquipment2024-06-30630005core:OtherPropertyPlantEquipment2023-06-30630005core:CurrentFinancialInstrumentscore:WithinOneYear2024-06-30630005core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-30630005core:CurrentFinancialInstruments2024-06-30630005core:CurrentFinancialInstruments2023-06-30630005core:ShareCapital2024-06-30630005core:ShareCapital2023-06-30630005core:RetainedEarningsAccumulatedLosses2024-06-30630005core:RetainedEarningsAccumulatedLosses2023-06-30630005bus:CompanySecretaryDirector12023-07-012024-06-30630005core:FurnitureFittings2023-07-012024-06-30630005core:ComputerEquipment2023-07-012024-06-306300052022-07-012023-06-30630005core:OtherPropertyPlantEquipment2023-06-30630005core:OtherPropertyPlantEquipment2023-07-012024-06-30630005core:WithinOneYear2024-06-30630005core:WithinOneYear2023-06-30630005bus:PrivateLimitedCompanyLtd2023-07-012024-06-30630005bus:SmallCompaniesRegimeForAccounts2023-07-012024-06-30630005bus:FRS1022023-07-012024-06-30630005bus:Audited2023-07-012024-06-30630005bus:Director12023-07-012024-06-30630005bus:Director22023-07-012024-06-30630005bus:Director32023-07-012024-06-30630005bus:CompanySecretary12023-07-012024-06-30630005bus:FullAccounts2023-07-012024-06-30xbrli:purexbrli:sharesiso4217:GBP