Chihera Special Ltd 10381143 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Other service activities not elsewhere classified Digita Accounts Production Advanced 6.30.9574.0 true true 10381143 2023-04-01 2024-03-31 10381143 2024-03-31 10381143 bus:OrdinaryShareClass1 2024-03-31 10381143 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 10381143 core:Non-currentFinancialInstruments 2024-03-31 10381143 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 10381143 bus:SmallEntities 2023-04-01 2024-03-31 10381143 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10381143 bus:FilletedAccounts 2023-04-01 2024-03-31 10381143 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10381143 bus:RegisteredOffice 2023-04-01 2024-03-31 10381143 bus:CompanySecretaryDirector1 2023-04-01 2024-03-31 10381143 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 10381143 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10381143 countries:England 2023-04-01 2024-03-31 10381143 2022-04-01 2023-03-31 10381143 2023-03-31 10381143 bus:OrdinaryShareClass1 2023-03-31 10381143 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 10381143 core:Non-currentFinancialInstruments 2023-03-31 10381143 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10381143

Chihera Special Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Chihera Special Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Chihera Special Ltd

Company Information

Director

Ms Egipher MASENDA

Company secretary

Ms Egipher MASENDA

Registered office

5 Kiln Orchard Way
Birstall Leicester
LE4 3NT

Accountants

K & N Accounting Ltd
60 Windsor Avenue
London
South West London
SW19 2RR

 

Chihera Special Ltd

(Registration number: 10381143)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Cash at bank and in hand

 

48,695

28,610

Creditors: Amounts falling due within one year

4

(8,448)

(7,078)

Total assets less current liabilities

 

40,247

21,532

Creditors: Amounts falling due after more than one year

4

(37,924)

(19,182)

Net assets

 

2,323

2,350

Capital and reserves

 

Called up share capital

5

900

900

Retained earnings

1,423

1,450

Shareholders' funds

 

2,323

2,350

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 13 October 2024
 

.........................................
Ms Egipher MASENDA
Company secretary and director

   
     
 

Chihera Special Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
5 Kiln Orchard Way
Birstall Leicester
LE4 3NT
United Kingdom

These financial statements were authorised for issue by the director on 13 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Chihera Special Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Chihera Special Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

8,448

7,078

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

6

37,924

19,182

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

900

900

900

900

       

6

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

15,591

17,721

Other borrowings

22,333

1,461

37,924

19,182

7

Dividends

2024

2023

£

£

Final dividend of £34,000.00 (2023 - £34,000.00) per ordinary share

34,000

34,000

 

 

8

Related party transactions

 

Chihera Special Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Transactions with the director

 

Chihera Special Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

12,570

12,570