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REGISTERED NUMBER: 10381419 (England and Wales)














Unaudited Financial Statements

for the Year Ended 5 April 2024

for

DR CHIARA HUNT & ASSOCIATES LIMITED

DR CHIARA HUNT & ASSOCIATES LIMITED (REGISTERED NUMBER: 10381419)

Contents of the Financial Statements
for the year ended 5 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DR CHIARA HUNT & ASSOCIATES LIMITED

Company Information
for the year ended 5 April 2024







Director: Mrs C Evetts





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 10381419 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

DR CHIARA HUNT & ASSOCIATES LIMITED (REGISTERED NUMBER: 10381419)

Balance Sheet
5 April 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 14,536 14,536
14,536 14,536

Current assets
Debtors 6 1,658,029 1,385,792
Cash at bank 286,138 268,169
1,944,167 1,653,961
Creditors
Amounts falling due within one year 7 227,389 221,201
Net current assets 1,716,778 1,432,760
Total assets less current liabilities 1,731,314 1,447,296

Capital and reserves
Called up share capital 8 1 1
Retained earnings 1,731,313 1,447,295
Shareholders' funds 1,731,314 1,447,296

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 October 2024 and were signed by:





Mrs C Evetts - Director


DR CHIARA HUNT & ASSOCIATES LIMITED (REGISTERED NUMBER: 10381419)

Notes to the Financial Statements
for the year ended 5 April 2024


1. Statutory information

Dr Chiara Hunt & Associates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover from services is recognised in the same period within which the services are performed.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
There is no depreciation applied to the fixtures and fittings as these items do not lose value.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

DR CHIARA HUNT & ASSOCIATES LIMITED (REGISTERED NUMBER: 10381419)

Notes to the Financial Statements - continued
for the year ended 5 April 2024


3. Employees and directors

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

4. Intangible fixed assets
Goodwill
£   
Cost
At 6 April 2023
and 5 April 2024 300,000
Amortisation
At 6 April 2023
and 5 April 2024 300,000
Net book value
At 5 April 2024 -
At 5 April 2023 -

5. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 6 April 2023
and 5 April 2024 14,536
Net book value
At 5 April 2024 14,536
At 5 April 2023 14,536

Amounts held in fixtures and fittings relate to expenditure on paintings. It is believed these are unlikely to depreciate in value and as such are held at historical cost.

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 108,545 143,617
Other debtors 1,549,484 1,242,175
1,658,029 1,385,792

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 27,418 16,179
Taxation and social security 197,770 202,823
Other creditors 2,201 2,199
227,389 221,201

DR CHIARA HUNT & ASSOCIATES LIMITED (REGISTERED NUMBER: 10381419)

Notes to the Financial Statements - continued
for the year ended 5 April 2024


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1.00 1 1

9. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 5 April 2024 and 5 April 2023:

2024 2023
£    £   
Mrs C Evetts
Balance outstanding at start of year 929,010 679,445
Amounts advanced 700,764 744,008
Amounts repaid (491,586 ) (494,443 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,138,188 929,010

The balance due to the company is interest free and repayable upon demand.