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Registered number: 10453955














CHYNA CANTINE LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

 
CHYNA CANTINE LIMITED
 

CONTENTS



Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6


 
CHYNA CANTINE LIMITED
REGISTERED NUMBER:10453955

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
706
711

Cash at bank and in hand
 5 
259
2,475

  
965
3,186

Creditors: amounts falling due within one year
 6 
(63,793)
(54,709)

Net current liabilities
  
 
 
(62,828)
 
 
(51,523)

Total assets less current liabilities
  
(62,828)
(51,523)

Creditors: amounts falling due after more than one year
 7 
(32,642)
(37,958)

  

Net liabilities
  
(95,470)
(89,481)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(95,471)
(89,482)

  
(95,470)
(89,481)


1

 
CHYNA CANTINE LIMITED
REGISTERED NUMBER:10453955
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R Arslan
Director

Date: 31 October 2024

The notes on pages 3 to 6 form part of these financial statements.

2

 
CHYNA CANTINE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Chyna Cantine Limited is a private company, limited by shares, registered in England and Wales, registration number 10453955.
The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
 
The principal activity of the company will be that of a licensed restaurant.
 
The company has not commenced trading.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Going concern

The shareholder has agreed to continue to provide financial support to the company to meet its liabilities as and when they fall due. The accounts have therefore been prepared on a going concern basis.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

3

 
CHYNA CANTINE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.7

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.8

 Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

 Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including the director, during the year was 1 (2022 - 1).


4.


Debtors

2023
2022
£
£


Other debtors
706
711



5.


Cash

2023
2022
£
£

Cash at bank and in hand
259
2,475


4

 
CHYNA CANTINE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
5,320
5,187

Trade creditors
40,833
42,471

Other creditors
13,790
3,601

Accruals
3,850
3,450

63,793
54,709


The following liabilities were secured:

2023
2022
£
£



COVID Bounce Back Loan
5,320
5,187

Details of security provided:

The bank loan of £5,320 (2022 - £5,187) included in creditors due within one year is a COVID Bounce Back Loan, 100% guaranteed by the government.


7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
32,642
37,958


The following liabilities were secured:

2023
2022
£
£



 
COVID Bounce Back Loan
32,642
37,958

Details of security provided:

The bank loan of £32,642 (2022 - £37,958) included in creditors due after more than one year is a COVID Bounce Back Loan, 100% guaranteed by the government.

5

 
CHYNA CANTINE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
5,320
5,187


5,320
5,187


Amounts falling due 2-5 years

Bank loans
28,704
27,990


28,704
27,990

Amounts falling due after more than 5 years

Bank loans
3,938
9,967

3,938
9,967

37,962
43,144



9.


Related party transactions

Included within other creditors is an amount of £10,392 (2022 - £1,899) owed to a company wholly owned by the director's close family member. This loan is interest free and repayable on demand.
As at the year end, the company owed an amount of £1,698 (2022 - £Nil) to the director. This loan is interest free and repayable on demand.

 
6