Company registration number 11346471 (England and Wales)
CHULUN INVESTMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
CHULUN INVESTMENT LIMITED
BALANCE SHEET
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2024
2023
£
£
£
£
Fixed assets
309,946
314,042
Current assets
10,286
10,501
Creditors: amounts falling due within one year
(116,639)
(110,791)
Net current liabilities
(106,353)
(100,290)
Total assets less current liabilities
203,593
213,752
Creditors: amounts falling due after more than one year
(222,363)
(227,001)
Net liabilities
(18,770)
(13,249)
Capital and reserves
(18,770)
(13,249)
Notes to the financial statements
1
Director's benefits: advances, credit and guarantees
At the year-end, the company owed the director a balance of £107,262 (2023: £101,999), being an interest free loan, repayable on demand.
2
Financial commitments, guarantees and contingencies
At 31 May 2024, the company has a bank loan of £218,614 outstanding (2023: £217,130), which is secured by way of a fixed charge over the Investment property of the company.
Going Concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
3
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2024
2023
Number
Number
Employees
1
1
Chulun Investment Limited is a private company limited by shares incorporated in England and Wales. The registered office is 10 Bolt Court, 3rd Floor, London, EC4A 3DQ.
For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
CHULUN INVESTMENT LIMITED
BALANCE SHEET (CONTINUED)
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 18 January 2025
Ms J Tan
Director
Company registration number 11346471 (England and Wales)