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REGISTERED NUMBER: 12234649 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CHOLA COFFEE LTD

CHOLA COFFEE LTD (REGISTERED NUMBER: 12234649)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHOLA COFFEE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: J A Rahmu





REGISTERED OFFICE: Room 73 Wrest House
Wrest Park
Bedford
Bedfordhshire
MK45 4HR





REGISTERED NUMBER: 12234649 (England and Wales)





ACCOUNTANTS: MDG Business Associates Limited
Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR

CHOLA COFFEE LTD (REGISTERED NUMBER: 12234649)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 6,491 7,017
Cash at bank - 1
6,491 7,018
CREDITORS
Amounts falling due within one year 5 6,151 6,371
NET CURRENT ASSETS 340 647
TOTAL ASSETS LESS CURRENT
LIABILITIES

340

647

CREDITORS
Amounts falling due after more than one year 6 2,497 2,705
NET LIABILITIES (2,157 ) (2,058 )

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings (2,159 ) (2,060 )
SHAREHOLDERS' FUNDS (2,157 ) (2,058 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 September 2024 and were signed by:





J A Rahmu - Director


CHOLA COFFEE LTD (REGISTERED NUMBER: 12234649)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Chola Coffee Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Taxation
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.

Bounce back loan scheme
The Bounce Back Loan Scheme (BBLS) enables smaller businesses to access finance more quickly during the coronavirus outbreak. The scheme helps small and medium-sized businesses to borrow between £2,000 and up to 25% of their turnover. The maximum loan available is £50,000. The government guarantees 100% of the loan and there are no fees or interest to pay for the first 12 months. After 12 months the interest rate will be 2.5% per annum.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 6,491 7,017

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 899 899
Other creditors 3,695 3,915
Director's loan account 1,307 1,307
Accruals and deferred income 250 250
6,151 6,371

The bank loan related to a Business Bounce Back Loan undertaken in 2020. Interest is charged at 2.5%. There are no set repayment terms in place.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 2,497 2,705

The bank loan related to a Business Bounce Back Loan undertaken in 2020. Interest is charged at 2.5%. There are no set repayment terms in place.

CHOLA COFFEE LTD (REGISTERED NUMBER: 12234649)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

8. RELATED PARTY DISCLOSURES

Within creditors is an amount of £1,307 (2022: £1,307) due from the company to J A Rahmu, director. There was no interest charged on the balance (2022: £Nil) and there are no set repayment terms.