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Company Registration No. 06470917 (England and Wales)
CHAO LTD Unaudited Accounts for the year ended 31 December 2023
CHAO LTD Unaudited Accounts Contents
Page
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CHAO LTD Company Information for the year ended 31 December 2023
Directors
Renato Rangoni Giulio Rangoni
Company Number
06470917 (England and Wales)
Registered Office
52 HOXTON SQUARE LONDON N1 6PB UNITED KINGDOM
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CHAO LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,382,845 
2,490,757 
Current assets
Debtors
2,397 
13,130 
Cash at bank and in hand
22,158 
16,664 
24,555 
29,794 
Creditors: amounts falling due within one year
(19,825)
(22,473)
Net current assets
4,730 
7,321 
Total assets less current liabilities
2,387,575 
2,498,078 
Creditors: amounts falling due after more than one year
(2,496,374)
(2,496,388)
Net (liabilities)/assets
(108,799)
1,690 
Capital and reserves
Called up share capital
2,000 
2,000 
Profit and loss account
(110,799)
(310)
Shareholders' funds
(108,799)
1,690 
For the year ending 31 December 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2024 and were signed on its behalf by
Giulio Rangoni Director Company Registration No. 06470917
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CHAO LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
CHAO LTD is a private company, limited by shares, registered in England and Wales, registration number 06470917. The registered office is 52 HOXTON SQUARE, LONDON, N1 6PB, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Straight line over useful life of the asset 20%
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
2,519,794 
66,832 
- 
2,586,626 
Disposals
- 
- 
(1,108)
(1,108)
At 31 December 2023
2,519,794 
66,832 
(1,108)
2,585,518 
Depreciation
At 1 January 2023
50,396 
45,473 
- 
95,869 
Charge for the year
100,792 
7,120 
- 
107,912 
On disposals
- 
- 
(1,108)
(1,108)
At 31 December 2023
151,188 
52,593 
(1,108)
202,673 
Net book value
At 31 December 2023
2,368,606 
14,239 
- 
2,382,845 
At 31 December 2022
2,469,398 
21,359 
- 
2,490,757 
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CHAO LTD Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
500 
Accrued income and prepayments
658 
10,891 
Other debtors
- 
1,739 
658 
13,130 
Amounts falling due after more than one year
Other debtors
1,739 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
(19)
(27)
Trade creditors
- 
(14)
Taxes and social security
1,391 
1,758 
Other creditors
339 
374 
Accruals
(1,153)
124 
Deferred income
19,267 
20,258 
19,825 
22,473 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Trade creditors
(14)
- 
Loans from directors
2,496,388 
2,496,388 
2,496,374 
2,496,388 
Creditors due after one year it is interest-free loan
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
9
Reconciliations on adoption of FRS 102
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