Chill Pepper Ltd
Registered number: 12579358
Statement of Financial Position
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 741,099 723,023
Current assets
Debtors 5 6,335 2,866
Cash at bank and in hand 5,196 12,673
11,531 15,539
Creditors: amounts falling due within one year 6 (565,164) (589,836)
Net current liabilities (553,633) (574,297)
Total assets less current liabilities 187,466 148,726
Creditors: amounts falling due after more than one year 7 (151,005) (151,000)
Provisions for liabilities (6,989) -
Net assets/(liabilities) 29,472 (2,274)
Capital and reserves
Called up share capital 1 1
Fair Value reserve 8 29,796 18,709
Profit and loss account (325) (20,984)
Shareholder's funds 29,472 (2,274)
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 member has 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 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.
Theo Van Der Westhuizen
Director
Approved by the board on 29 November 2024
Chill Pepper Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Going concern
The company had retained losses as at the balance sheet date which were not covered by the share capital of the company. The company is continuing to trade as the director of the company is funding the company in the form of a director’s loan. The director is planning to continue this financial support for the company for the foreseeable future.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from property rental. Turnover from the rental is recognised by reference to the stage of completion of the tenancy.
Investments
Listed investments are measured at fair value.

Changes in fair value gains are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction 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.
2 Exceptional items 2024 2023
£ £
Value adjustments on fixed assets and current asset investments (18,076) 10,598
(18,076) 10,598
3 Employees and directors 2024 2023
Number Number
Average number of directors and persons employed by the company 1 1
4 Tangible fixed assets
Investment Property
£
Cost
At 1 May 2023 723,023
Fair value movements 18,076
At 30 April 2024 741,099
Depreciation
At 30 April 2024 -
Net book value
At 30 April 2024 741,099
At 30 April 2023 723,023
5 Debtors 2024 2023
£ £
Trade debtors 2,827 1,121
Prepayments 2,281 -
Accrued income 1,227 1,745
6,335 2,866
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 698
Accruals 1,025 1,027
Other creditors 564,139 588,111
565,164 589,836
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 151,005 151,000
8 Fair value reserve 2024 2023
£ £
At 1 May 2023 18,709 29,307
Gain/(loss) on revaluation of land and buildings 18,076 (10,598)
Deferred taxation arising on the revaluation of land and buildings (6,989) -
At 30 April 2024 29,796 18,709
9 Other information
Chill Pepper Ltd is a private company limited by shares and incorporated in England. Its registered office is:
20-22 Wenlock Road
London
N1 7GU
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