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CHI PHM LIMITED

Registered Number
05194364
(England and Wales)

Unaudited Financial Statements for the Year ended
28 May 2024

CHI PHM LIMITED
Company Information
for the year from 29 May 2023 to 28 May 2024

Directors

DUKE, Janet
HEWARD, Mark Anthony

Company Secretary

HEWARD, Mark Anthony

Registered Address

85 Great Portland Street
London
W1W 7LT

Registered Number

05194364 (England and Wales)
CHI PHM LIMITED
Balance Sheet as at
28 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3247,316247,316
247,316247,316
Current assets
Debtors4-2,260
Cash at bank and on hand2,43515
2,4352,275
Creditors amounts falling due within one year5(246,093)(164,137)
Net current assets (liabilities)(243,658)(161,862)
Total assets less current liabilities3,65885,454
Creditors amounts falling due after one year6(1,798)(80,255)
Net assets1,8605,199
Capital and reserves
Called up share capital120120
Profit and loss account1,7405,079
Shareholders' funds1,8605,199
The financial statements were approved and authorised for issue by the Board of Directors on 20 February 2025, and are signed on its behalf by:
DUKE, Janet
Director
HEWARD, Mark Anthony
Director

Registered Company No. 05194364
CHI PHM LIMITED
Notes to the Financial Statements
for the year ended 28 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.
Revenue from rendering of services
Revenue from rents are recorded when the rent is payable. Turnover from rent is only recognised to the extent when it can be estimated reliably.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Total

£
Cost or valuation
At 29 May 23271,702
At 28 May 24271,702
Depreciation and impairment
At 29 May 2324,386
At 28 May 2424,386
Net book value
At 28 May 24247,316
At 28 May 23247,316
4.Debtors: amounts due within one year

2024

2023

££
Amounts owed by associates and joint ventures / participating interests-2,260
Total-2,260
5.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts22,26323,644
Amounts owed to related parties1,14411,000
Taxation and social security3,1843,184
Other creditors189,674122,499
Accrued liabilities and deferred income29,8283,810
Total246,093164,137
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts1,79820,575
Other creditors-59,680
Total1,79880,255