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REGISTERED NUMBER: 08090507 (England and Wales)















Unaudited Financial Statements for the Year Ended 5 April 2024

for

Chrysalis Capital Limited

Chrysalis Capital Limited (Registered number: 08090507)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

Chrysalis Capital Limited

Company Information
for the Year Ended 5 April 2024







DIRECTORS: Ms L L Kendall
M W Strange





REGISTERED OFFICE: 20-22 Wenlock Road
London
N1 7GU





REGISTERED NUMBER: 08090507 (England and Wales)





ACCOUNTANTS: C J A Accounting Limited
Delta House
16 Bridge Road
Haywards Heath
West Sussex
RH16 1UA

Chrysalis Capital Limited (Registered number: 08090507)

Statement of Financial Position
5 April 2024

5.4.24 5.4.23
Notes £    £   
CURRENT ASSETS
Debtors: amounts falling due within
one year

4

3,957,401

4,123,981
Investments 5 237,161 268,483
Cash at bank 56,565 76,207
4,251,127 4,468,671
CREDITORS
Amounts falling due within one year 6 1,241,867 1,423,200
NET CURRENT ASSETS 3,009,260 3,045,471
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,009,260

3,045,471

CREDITORS
Amounts falling due after more than
one year

7

64,220

191,791
NET ASSETS 2,945,040 2,853,680

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,944,940 2,853,580
SHAREHOLDERS' FUNDS 2,945,040 2,853,680

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Chrysalis Capital Limited (Registered number: 08090507)

Statement of Financial Position - continued
5 April 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2024 and were signed on its behalf by:





M W Strange - Director


Chrysalis Capital Limited (Registered number: 08090507)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

Chrysalis Capital Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents interest received from lending, in the form of invoice discounting and loans (secured and unsecured) together with income received from investments.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Going concern
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern, the directors consider this as appropriate and have agreed to fund the company as required and only draw down on this funding when profits and cash flow permits, always ensuring that the company has adequate working capital to continue and expand its activities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Unsecured loans to customers 25,000 25,000
Secured loans to customers 3,932,401 4,098,981
3,957,401 4,123,981

5. CURRENT ASSET INVESTMENTS

Investments represent shares in listed companies held by a broker and these are bought and sold on instruction of the directors of the company.

These investments are carried at the lower of cost or net realisable value.

Chrysalis Capital Limited (Registered number: 08090507)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Other loans 103,667 118,777
Tax 92,557 93,878
Directors' current accounts 1,045,643 1,210,545
1,241,867 1,423,200

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
5.4.24 5.4.23
£    £   
Other loans - 1-2 years 64,220 118,777
Other loans - 2-5 years - 73,014
64,220 191,791

8. RELATED PARTY DISCLOSURES

M W Strange

A director and shareholder of the company

M W Strange has lent the company an amount of £1,045,643 (2023 - £1,210,545) which was outstanding at the end of the year.
Those money have been used to allow the company to carry out its principal activity of providing finance to customers.
There is no interest charged to the company in respect of this loan.

Funding 365 Limited

A company in which Chrysalis Capital Limited and M W Strange hold shares.

The company has lent Funding 365 Limited group an amount of £3,932,401 (2023 - £4,098,981) to enable them to have funds to provide secured bridging loans to clients. Monies are lent under the terms of specific Participation Agreements.


Chrysalis Capital Pension Scheme

The Trustees of the Chrysalis Capital Pension Scheme have made loans to the company totalling amounts of £462,000, which is secured on the assets of the company and is repayable over 5 equal annual instalments.
Interest is charged on the loan at the rate of 9% per annum.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Chrysalis Capital Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Chrysalis Capital Limited for the year ended 5 April 2024 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Chrysalis Capital Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Chrysalis Capital Limited and state those matters that we have agreed to state to the Board of Directors of Chrysalis Capital Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chrysalis Capital Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Chrysalis Capital Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Chrysalis Capital Limited. You consider that Chrysalis Capital Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Chrysalis Capital Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






C J A Accounting Limited
Delta House
16 Bridge Road
Haywards Heath
West Sussex
RH16 1UA


18 December 2024