Year Ended
Registration number:
Churngold Ventures Holdings Limited
Contents
Balance Sheet |
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Notes to the Unaudited Financial Statements |
Churngold Ventures Holdings Limited
Balance Sheet
31 May 2024
Note |
2024 |
2023 |
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Fixed assets |
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Investments |
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|
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Capital and reserves |
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Called up share capital |
3,559 |
3,559 |
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Shareholders' funds |
3,559 |
3,559 |
For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
......................................... |
Company Registration Number: 14357761
Churngold Ventures Holdings Limited
Notes to the Unaudited Financial Statements
Year Ended 31 May 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
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.
Going concern
The financial statements have been prepared on a going concern basis.
Investments
Investments in subsidiaries are recorded at costs, less any provision for impairment. Investments are reviewed annually or more frequently if a specific event occurs for any indication of impairment.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Churngold Ventures Holdings Limited
Notes to the Unaudited Financial Statements
Year Ended 31 May 2024
Investments |
2024 |
2023 |
|
Investments in subsidiaries |
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Subsidiaries |
£ 000 |
Cost or valuation |
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At 1 June 2023 |
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Provision |
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Carrying amount |
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At 31 May 2024 |
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At 31 May 2023 |
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Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2024 |
2023 |
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Subsidiary undertakings |
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Same as parent |
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Subsidiary undertakings |
Churngold Ventures Limited The principal activity of Churngold Ventures Limited is |
Churngold Ventures Holdings Limited
Notes to the Unaudited Financial Statements
Year Ended 31 May 2024
Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
|||
No. 000 |
£ 000 |
No. 000 |
£ 000 |
|
|
|
2,648 |
|
2,648 |
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|
911 |
|
911 |
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The Ordinary A and Ordinary B shares rank pari pasu.
On incorporation 1 Ordinary B Share having an nominal value of £1 was allotted.
On 21 October 2022 a further 911,078 Ordinary B Shares were allotted having an aggregate nominal value of £911,078 and 2,647,845 Ordinary A Shares were allotted having an aggregate nominal value of £2,647,845.