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Registration number: 14866074

Chloe Gerskowitch Psychology Ltd

Unaudited Filleted Financial Statements

for the Period from 12 May 2023 to 31 May 2024

 

Chloe Gerskowitch Psychology Ltd

Contents

Company Information

1

Accountants' Report

2

Statement of Financial Position

3

Notes to the Unaudited Financial Statements

4 to 7

 

Chloe Gerskowitch Psychology Ltd

Company Information

Director

Ms C Gerskowitch

Registered office

Ds House
306 High Street
Croydon
Surrey
CR0 1NG

Accountants

Innovi Advisors Ltd
Chartered Certified Accountants163 Herne Hill
London
SE24 9LR

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Chloe Gerskowitch Psychology Ltd
for the Period Ended 31 May 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Chloe Gerskowitch Psychology Ltd for the period ended 31 May 2024 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Chloe Gerskowitch Psychology Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Chloe Gerskowitch Psychology Ltd and state those matters that we have agreed to state to the Board of Directors of Chloe Gerskowitch Psychology Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chloe Gerskowitch Psychology Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Chloe Gerskowitch Psychology Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Chloe Gerskowitch Psychology Ltd. You consider that Chloe Gerskowitch Psychology Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Chloe Gerskowitch Psychology Ltd. 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 accounts.

......................................

Innovi Advisors Ltd
Chartered Certified Accountants
163 Herne Hill
London
SE24 9LR

14 January 2025

 

Chloe Gerskowitch Psychology Ltd

(Registration number: 14866074)
Statement of Financial Position as at 31 May 2024

Note

2024
£

Fixed assets

 

Other financial assets

4

1,465,614

Current assets

 

Cash at bank and in hand

 

110,913

Creditors: Amounts falling due within one year

5

(1,489,188)

Net current liabilities

 

(1,378,275)

Total assets less current liabilities

 

87,339

Provisions for liabilities

(14,467)

Net assets

 

72,872

Capital and reserves

 

Called up share capital

6

100

Revaluation reserve

43,402

Retained earnings

29,370

Shareholders' funds

 

72,872

For the financial period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 14 January 2025
 

Ms C Gerskowitch
Director

   
     
 

Chloe Gerskowitch Psychology Ltd

Notes to the Unaudited Financial Statements for the Period from 12 May 2023 to 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Ds House
306 High Street
Croydon
Surrey
CR0 1NG
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is Pound Sterling (£) rounded to the nearest Pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Chloe Gerskowitch Psychology Ltd

Notes to the Unaudited Financial Statements for the Period from 12 May 2023 to 31 May 2024 (continued)

2

Accounting policies (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Chloe Gerskowitch Psychology Ltd

Notes to the Unaudited Financial Statements for the Period from 12 May 2023 to 31 May 2024 (continued)

2

Accounting policies (continued)

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities, or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

Revaluations

57,870

57,870

Additions

1,407,744

1,407,744

At 31 May 2024

1,465,614

1,465,614

Impairment

Carrying amount

At 31 May 2024

1,465,614

1,465,614

 

Chloe Gerskowitch Psychology Ltd

Notes to the Unaudited Financial Statements for the Period from 12 May 2023 to 31 May 2024 (continued)

5

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Taxation and social security

4,330

Accruals and deferred income

1,860

Other creditors

1,482,998

1,489,188

6

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary of £1 each

100

100

   

During the period, the company issued 100 Ordinary shares of £1 each.