Registered number
14603794
CHIBBY LTD
Unaudited Filleted Accounts
31 January 2024
CHIBBY LTD
Registered number: 14603794
Balance Sheet
as at 31 January 2024
Notes 2024
£
Fixed assets
Tangible assets 3 598,581
Current assets
Cash at bank and in hand 10,824
Creditors: amounts falling due within one year 4 (717,362)
Net current liabilities (706,538)
Net liabilities (107,957)
Capital and reserves
Called up share capital 1
Profit and loss account (107,958)
Shareholders' funds (107,957)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr. Ta-Chun Liu
Director
Approved by the board on 31 October 2024
CHIBBY LTD
Notes to the Accounts
for the period from 19 January 2023 to 31 January 2024
1 Accounting policies
Basis of preparation
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Tangible fixed assets
Tangible fixed assets are measured at cost less cumulative depreciation and any cumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Going concern
The company has net liabilities and is therefore dependent upon the continuing support of its creditors and directors. On the basis that this support is expected to continue, the accounts have been drawn up on the going concern basis.
2 Employees 2024
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Land and buildings Fixtures, fittings and equipment Total
£ £ £
Cost
Additions 594,149 5,540 599,689
At 31 January 2024 594,149 5,540 599,689
Depreciation
Charge for the period - 1,108 1,108
At 31 January 2024 - 1,108 1,108
Net book value
At 31 January 2024 594,149 4,432 598,581
4 Creditors: amounts falling due within one year 2024
£
Trade creditors (1,000)
Other taxes and social security costs (7,905)
Other creditors 726,267
717,362
5 Other information
CHIBBY LTD is a private company limited by shares and incorporated in England. Its registered office is:
26 Riverside Court
9 West Way
Oxford
OX2 0FL
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