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 |