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REGISTERED NUMBER: 07117149 (England and Wales)










Report of the Director and


Abridged Financial Statements for the Year Ended 31 January 2024

for

Chicory Limited

Chicory Limited (Registered number: 07117149)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Report of the Director 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


Chicory Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: D Fallows





REGISTERED OFFICE: 40 Market Place
Belper
Derbyshire
DE56 1FZ





REGISTERED NUMBER: 07117149 (England and Wales)





ACCOUNTANTS: NRB Accountancy Limited
40 Market Place
Belper
Derbyshire
DE56 1FZ

Chicory Limited (Registered number: 07117149)

Report of the Director
for the Year Ended 31 January 2024

The director presents his report with the financial statements of the company for the year ended 31 January 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of investment properties.

DIRECTOR
D Fallows held office during the whole of the period from 1 February 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





D Fallows - Director


18 October 2024

Chicory Limited (Registered number: 07117149)

Abridged Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 188 250
Investment property 5 861,577 848,144
861,765 848,394

CURRENT ASSETS
Debtors 883 1,481
Cash at bank and in hand 39,980 46,676
40,863 48,157
CREDITORS
Amounts falling due within one year 86,128 85,355
NET CURRENT LIABILITIES (45,265 ) (37,198 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

816,500

811,196

CREDITORS
Amounts falling due after more than one
year

(182,700

)

(182,700

)

PROVISIONS FOR LIABILITIES (33,742 ) (33,753 )
NET ASSETS 600,058 594,743

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 6 177,400 177,400
Retained earnings 422,657 417,342
SHAREHOLDERS' FUNDS 600,058 594,743

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Chicory Limited (Registered number: 07117149)

Abridged Balance Sheet - continued
31 January 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 October 2024 and were signed by:





D Fallows - Director


Chicory Limited (Registered number: 07117149)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Chicory 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 as modified by the revaluation of certain assets.

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 etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Chicory Limited (Registered number: 07117149)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023
and 31 January 2024 333
DEPRECIATION
At 1 February 2023 83
Charge for year 62
At 31 January 2024 145
NET BOOK VALUE
At 31 January 2024 188
At 31 January 2023 250

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 848,144
Additions 13,433
At 31 January 2024 861,577
NET BOOK VALUE
At 31 January 2024 861,577
At 31 January 2023 848,144

6. RESERVES
Revaluation
reserve
£   
At 1 February 2023
and 31 January 2024 177,400

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director, Mr D Fallows, introduced funds to and withdrew funds from the company by way of a director's loan account. This loan is interest free and repayable upon demand. At the year end the company owed the director £85,192 (2023: £84,143) and this amount is included in creditors.

8. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the director, Mr D Fallows, by virtue of his 100% holding of the issued share capital of the company.