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REGISTERED NUMBER: 01520566 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CHANCE HOLDINGS LIMITED

CHANCE HOLDINGS LIMITED (REGISTERED NUMBER: 01520566)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

CHANCE HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: M S Lakin
A Hadden-Paton
A F M Chance





SECRETARY: A Hadden-Paton





REGISTERED OFFICE: Holtwood House
Axmansford
Tadley
Hampshire
RG26 5SB





REGISTERED NUMBER: 01520566 (England and Wales)





ACCOUNTANTS: Wettone Matthews Limited
Chartered Certified Accountants
Market House
21 Lenten Street
Alton
GU34 1HG

CHANCE HOLDINGS LIMITED (REGISTERED NUMBER: 01520566)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,276 2,486

CURRENT ASSETS
Debtors 5 183,360 168,192
Investments 6 480,257 478,656
Cash at bank 87,595 334,092
751,212 980,940
CREDITORS
Amounts falling due within one year 7 25,596 307,640
NET CURRENT ASSETS 725,616 673,300
TOTAL ASSETS LESS CURRENT
LIABILITIES

726,892

675,786

PROVISIONS FOR LIABILITIES 8 31,311 29,883
NET ASSETS 695,581 645,903

CAPITAL AND RESERVES
Called up share capital 9 50,000 50,000
Share premium 61,575 61,575
Capital redemption reserve 9,080 9,080
Retained earnings 574,926 525,248
SHAREHOLDERS' FUNDS 695,581 645,903

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 directors acknowledge their 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.

CHANCE HOLDINGS LIMITED (REGISTERED NUMBER: 01520566)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





A F M Chance - Director


CHANCE HOLDINGS LIMITED (REGISTERED NUMBER: 01520566)

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


1. STATUTORY INFORMATION

Chance Holdings Limited 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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.

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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 3 ) .

CHANCE HOLDINGS LIMITED (REGISTERED NUMBER: 01520566)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 13,604 10,522 14,363 38,489
Disposals (13,604 ) (6,980 ) (10,259 ) (30,843 )
At 31 December 2023 - 3,542 4,104 7,646
DEPRECIATION
At 1 January 2023 13,603 9,037 13,363 36,003
Charge for year - 708 501 1,209
Eliminated on disposal (13,603 ) (6,980 ) (10,259 ) (30,842 )
At 31 December 2023 - 2,765 3,605 6,370
NET BOOK VALUE
At 31 December 2023 - 777 499 1,276
At 31 December 2022 1 1,485 1,000 2,486

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,049 5,920
Other debtors 178,311 162,272
183,360 168,192

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 480,257 478,656
Market value of listed investments at 31 December 2023 - £ 480,257 (2022 - £ 478,656 ).

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,594 115,860
Taxation and social security 15,552 10,944
Other creditors 6,450 180,836
25,596 307,640

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 31,311 29,883

CHANCE HOLDINGS LIMITED (REGISTERED NUMBER: 01520566)

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


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 29,883
Provided during year 1,428
Balance at 31 December 2023 31,311

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
500,000 Ordinary 10p 50,000 50,000

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
A F M Chance
Balance outstanding at start of year 1,594 6,669
Amounts repaid (1,594 ) (5,075 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,594

The above is in summary form.

11. RELATED PARTY DISCLOSURES

Within other debtors is a loan of £30,750 due from R Harvey. The loan has a repayment date of 30/09/2024 and interest charged at the official rate. R Harvey is the daughter of Mr A Chance.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CHANCE HOLDINGS LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Chance Holdings Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Chance Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Chance Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Chance Holdings Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Chance Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Chance Holdings Limited. You consider that Chance Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Chance Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wettone Matthews Limited
Chartered Certified Accountants
Market House
21 Lenten Street
Alton
GU34 1HG


24 September 2024