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REGISTERED NUMBER: 07892001 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Choconauts Limited

Choconauts Limited (Registered number: 07892001)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Choconauts Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr H W M Taylor
Mr P Martin





SECRETARY: Mrs G L Hitchens





REGISTERED OFFICE: Unit 1 Holland Way
Blandford Forum
DT11 7SX





REGISTERED NUMBER: 07892001 (England and Wales)





AUDITORS: Griffiths Marshall
Beaumont House
172 Southgate Street
Gloucester
Gloucestershire
GL1 2EZ

Choconauts Limited (Registered number: 07892001)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
CURRENT ASSETS
Debtors 4 230 1,201
Cash at bank 4,939 846
5,169 2,047
CREDITORS
Amounts falling due within one year 5 11,691 5,570
NET CURRENT LIABILITIES (6,522 ) (3,523 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,522

)

(3,523

)

CREDITORS
Amounts falling due after more than one
year

6

10,000

5,000
NET LIABILITIES (16,522 ) (8,523 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (16,622 ) (8,623 )
(16,522 ) (8,523 )

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 4 November 2024 and were signed on its behalf by:





Mr P Martin - Director


Choconauts Limited (Registered number: 07892001)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2. ACCOUNTING POLICIES

Company information
Choconauts Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1 Holland Way, Blandford Forum, Dorset, United Kingdom, DT11 7SX.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors , bank loans, loans from fellow group companies and
preference shares that are classified as debt, are initially recognised at transaction price unless the
arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.


Choconauts Limited (Registered number: 07892001)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date

Accounting convention
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements of the company are consolidated in the financial statements of The House of Sarunds Limited. These consolidated financial statements are available from its registered office, Unit 1 Holland Way, Blandford Forum, Dorset, UK, DT11 7SX.

Going concern
At the balance sheet date, the company had net liabilities of £16,522 (2023 - £8,523 ). The Company is reliant upon the ongoing financial support of its parent, The House of Sarunds Limited, to remain a going concern. The directors of The House of Sarunds Limited have provided assurance that such support will continue for the foreseeable future and on this basis, consider it appropriate to prepare the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 230 1,201

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 1,429 -
Amounts owed to group undertakings 10,012 5,320
Other creditors 250 250
11,691 5,570

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Other creditors 10,000 5,000

Choconauts Limited (Registered number: 07892001)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Greg Lewis (Senior Statutory Auditor)
for and on behalf of Griffiths Marshall

8. RELATED PARTY DISCLOSURES

Amounts due to related parties 2024 2023
£    £   
Entities with control, joint control or significantinfluence over the
company

10,012

5,320

9. PARENT COMPANY

The immediate parent company is The House of Sarunds Limited a company incorporated in England andWales, which prepare group consolidated accounts which are available to the public. The ultimate Controlling party is Peter Martin who owns the majority shareholding in the parent company.