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REGISTERED NUMBER: 11961677 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

CHIMI LIMITED

CHIMI LIMITED (REGISTERED NUMBER: 11961677)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

CHIMI LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: J Groenewald
Ms K Prado





REGISTERED OFFICE: 45 Queen Street
Deal
Kent
CT14 6EY





REGISTERED NUMBER: 11961677 (England and Wales)





ACCOUNTANTS: Higson & Co (Deal) Ltd
45 Queen Street
Deal
Kent
CT14 6EY

CHIMI LIMITED (REGISTERED NUMBER: 11961677)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 390 459
Tangible assets 5 472 283
862 742

CURRENT ASSETS
Stocks 6 7,942 1,789
Debtors 7 64,715 52,720
Cash at bank 26,231 21,700
98,888 76,209
CREDITORS
Amounts falling due within one year 8 124,788 123,954
NET CURRENT LIABILITIES (25,900 ) (47,745 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(25,038

)

(47,003

)

CREDITORS
Amounts falling due after more than one
year

9

17,380

14,187
NET LIABILITIES (42,418 ) (61,190 )

CAPITAL AND RESERVES
Called up share capital 60 60
Retained earnings (42,478 ) (61,250 )
(42,418 ) (61,190 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

CHIMI LIMITED (REGISTERED NUMBER: 11961677)

BALANCE SHEET - continued
30 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:




Ms K Prado - Director



J Groenewald - Director


CHIMI LIMITED (REGISTERED NUMBER: 11961677)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Chimi 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.

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


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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

CHIMI LIMITED (REGISTERED NUMBER: 11961677)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 May 2023
and 30 April 2024 689
AMORTISATION
At 1 May 2023 230
Amortisation for year 69
At 30 April 2024 299
NET BOOK VALUE
At 30 April 2024 390
At 30 April 2023 459

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023 971 - 971
Additions - 376 376
At 30 April 2024 971 376 1,347
DEPRECIATION
At 1 May 2023 688 - 688
Charge for year 115 72 187
At 30 April 2024 803 72 875
NET BOOK VALUE
At 30 April 2024 168 304 472
At 30 April 2023 283 - 283

CHIMI LIMITED (REGISTERED NUMBER: 11961677)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. STOCKS
2024 2023
£    £   
Stocks 7,942 1,789

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 42,468 26,872
Directors' current accounts 10,802 -
Tax 3,664 -
VAT 7,781 25,848
64,715 52,720

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 4,800 4,800
Other loans (see note 10) 10,000 -
Trade creditors 85,891 4,930
Amounts owed to group undertakings - 38,124
Tax 3,664 -
Wages payable - 253
Social security and other taxes 516 -
Other creditors 12,149 18,456
Directors' current accounts - 50,033
Accrued expenses 7,768 7,358
124,788 123,954

Other creditors relate to a loan from Silk Moda Ltd, a related party. The loan is repayable on demand and interest is charged at 3%.

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 10) 9,372 14,187
Other loans (see note 10) 8,008 -
17,380 14,187

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 4,800 4,800
Other loans 10,000 -
14,800 4,800

CHIMI LIMITED (REGISTERED NUMBER: 11961677)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

10. LOANS - continued
2024 2023
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 4,800 4,800
Other loans - 1-2 years 8,008 -
12,808 4,800

Amounts falling due between two and five years:
Bank loans - 2-5 years 4,572 9,387

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Directors loan

Member of key management personnel.
During the year the Director advanced the Company £15,511 (2023: £NIL)
During the year the Company made repayments to the Director amounting to £40,730 (2023: £NIL)
The amounts due to the Director at the year end amounted to £56 (2023: £25,275)

Directors loan 2

Member of key management personnel.
During the year the Director advanced the Company £10,685 (2023: £28,294)
During the year the Company made repayments to the Director amounting to £46,300 (2023: £25,818)
The amounts due to the Company from the Director at the year end amounted to £10,858 (2023: £24,758)

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Thyme Productions Limited.

CHIMI LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
CHIMI 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2024 set out on pages one to twelve and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Higson & Co (Deal) Ltd
45 Queen Street
Deal
Kent
CT14 6EY


Date: .............................................