CHANCE BUILDERS LIMITED

Company Registration Number:
14905236 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 31 May 2023

End date: 31 May 2024

CHANCE BUILDERS LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

CHANCE BUILDERS LIMITED

Profit And Loss Account

for the Period Ended 31 May 2024

2024


£
Turnover: 837,186
Cost of sales: ( 287,192 )
Gross profit(or loss): 549,994
Distribution costs: ( 13,892 )
Administrative expenses: ( 178,329 )
Other operating income: 42,784
Operating profit(or loss): 400,557
Profit(or loss) before tax: 400,557
Tax: ( 52,839 )
Profit(or loss) for the financial year: 347,718

CHANCE BUILDERS LIMITED

Balance sheet

As at 31 May 2024

Notes 2024


£
Fixed assets
Intangible assets: 3 32,893
Tangible assets: 4 1,200,000
Investments: 5 879,542
Total fixed assets: 2,112,435
Current assets
Stocks: 6 38,729
Debtors: 7 43,892
Cash at bank and in hand: 69,928
Investments: 8 358,528
Total current assets: 511,077
Prepayments and accrued income: 18,722
Creditors: amounts falling due within one year: 9 ( 43,892 )
Net current assets (liabilities): 485,907
Total assets less current liabilities: 2,598,342
Creditors: amounts falling due after more than one year: 10 ( 21,000 )
Provision for liabilities: ( 100,000 )
Total net assets (liabilities): 2,477,342
Capital and reserves
Called up share capital: 100,000
Share premium account: 579,624
Other reserves: 1,450,000
Profit and loss account: 347,718
Total Shareholders' funds: 2,477,342

The notes form part of these financial statements

CHANCE BUILDERS LIMITED

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

This report was approved by the board of directors on 19 September 2024
and signed on behalf of the board by:

Name: A Sandhu
Status: Director

The notes form part of these financial statements

CHANCE BUILDERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

CHANCE BUILDERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024
    Average number of employees during the period 11

CHANCE BUILDERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
Additions 32,893 32,893
Disposals
Revaluations
Transfers
At 31 May 2024 32,893 32,893
Amortisation
Charge for year
On disposals
Other adjustments
At 31 May 2024
Net book value
At 31 May 2024 32,893 32,893

CHANCE BUILDERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 931,782 69,607 37,829 18,782 142,000 1,200,000
Disposals
Revaluations
Transfers
At 31 May 2024 931,782 69,607 37,829 18,782 142,000 1,200,000
Depreciation
Charge for year
On disposals
Other adjustments
At 31 May 2024
Net book value
At 31 May 2024 931,782 69,607 37,829 18,782 142,000 1,200,000

CHANCE BUILDERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Fixed assets investments note

Fixed assets investments currently stand at £2,112,435.

CHANCE BUILDERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

6. Stocks

2024
£
Stocks 25,856
Payments on account 12,873
Total 38,729

CHANCE BUILDERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

7. Debtors

2024
£
Trade debtors 26,254
Other debtors 17,638
Total 43,892

CHANCE BUILDERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

8. Current assets investments note

Current assets investments stand at £511,077

CHANCE BUILDERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

9. Creditors: amounts falling due within one year note

2024
£
Bank loans and overdrafts 3,782
Amounts due under finance leases and hire purchase contracts 12,893
Trade creditors 9,762
Other creditors 17,455
Total 43,892

CHANCE BUILDERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

10. Creditors: amounts falling due after more than one year note

2024
£
Amounts due under finance leases and hire purchase contracts 21,000
Total 21,000