BY CHANCE LIMITED

Company Registration Number:
SC680638 (Scotland)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 1 December 2022

End date: 30 November 2023

BY CHANCE LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes

BY CHANCE LIMITED

Directors' report period ended 30 November 2023

The directors present their report with the financial statements of the company for the period ended 30 November 2023

Principal activities of the company

Property Investment Company



Directors

The directors shown below have held office during the whole of the period from
1 December 2022 to 30 November 2023

Grant Mullholland
Lesley Higgins


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
30 September 2024

And signed on behalf of the board by:
Name: Grant Mullholland
Status: Director

BY CHANCE LIMITED

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Fixed assets
Investments: 3 262,600 262,600
Total fixed assets: 262,600 262,600
Current assets
Debtors: 4 650 650
Cash at bank and in hand: 27,335 18,229
Total current assets: 27,985 18,879
Creditors: amounts falling due within one year: 5 ( 270,368 ) ( 267,866 )
Net current assets (liabilities): (242,383) (248,987)
Total assets less current liabilities: 20,217 13,613
Total net assets (liabilities): 20,217 13,613
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 20,215 13,611
Total Shareholders' funds: 20,217 13,613

The notes form part of these financial statements

BY CHANCE LIMITED

Balance sheet statements

For the year ending 30 November 2023 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 30 September 2024
and signed on behalf of the board by:

Name: Grant Mullholland
Status: Director

The notes form part of these financial statements

BY CHANCE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services supplied.

    Tangible fixed assets depreciation policy

    Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent impairment losses.

    Other accounting policies

    Going concern After reviewing the forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing it financial statements. Corporation Tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

BY CHANCE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 2

BY CHANCE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Fixed assets investments note

Investment property comprises of a commercial building and land available for rent. The fair value of the investment property has been arrived at on the basis of an internal valuation undertaken by the Directors at 30 November 2023 and based on the current market values of similar assets in the area of the company Investments. The Directors deem that the fair value of the assets is £262,600. If investment properties were stated on a historical cost basis rather than a fair value basis, the amounts would have been included at £262,600.

BY CHANCE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Debtors

2023 2022
£ £
Other debtors 650 650
Total 650 650

BY CHANCE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 4,742 3,193
Accruals and deferred income 540 540
Other creditors 265,086 264,133
Total 270,368 267,866