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REGISTERED NUMBER: 01714576 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Off Chance Limited

Off Chance Limited (Registered number: 01714576)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Off Chance Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: P C Thornalley
J M Thornalley





SECRETARY: P C Thornalley





REGISTERED OFFICE: 27 Priory Road
London
NW6 4NN





REGISTERED NUMBER: 01714576 (England and Wales)





ACCOUNTANTS: Shaw Accounting Services Limited
14 Amherst Avenue
London
W13 8NQ

Off Chance Limited (Registered number: 01714576)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 504,771 503,710

CURRENT ASSETS
Debtors 5 237 2,371
Cash at bank 48,366 45,712
48,603 48,083
CREDITORS
Amounts falling due within one year 6 282,107 288,743
NET CURRENT LIABILITIES (233,504 ) (240,660 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

271,267

263,050

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 271,167 262,950
SHAREHOLDERS' FUNDS 271,267 263,050

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 directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2024 and were signed on its behalf by:





P C Thornalley - Director


Off Chance Limited (Registered number: 01714576)

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

1. STATUTORY INFORMATION

Off Chance 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.

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.
Land and buildings - 10% on reducing balance
Plant and machinery etc - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

Off Chance Limited (Registered number: 01714576)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 497,141 50,394 547,535
Additions - 3,373 3,373
At 31 January 2024 497,141 53,767 550,908
DEPRECIATION
At 1 February 2023 1,508 42,317 43,825
Charge for year 17 2,295 2,312
At 31 January 2024 1,525 44,612 46,137
NET BOOK VALUE
At 31 January 2024 495,616 9,155 504,771
At 31 January 2023 495,633 8,077 503,710

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 237 2,371

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Taxation and social security 1,505 -
Other creditors 280,602 288,743
282,107 288,743

7. RELATED PARTY DISCLOSURES

The rent was received from the director.