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Registered number: 12015360
Chicago Partners London Limited
Financial Statements
For The Year Ended 31 May 2024
SAWHNEY CONSULTING
Harrow Business Centre
429 - 433 Pinner Road
North Harrow
HA1 4HN
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12015360
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 232
- 232
CURRENT ASSETS
Debtors 5 613 579
Cash at bank and in hand 519 11,097
1,132 11,676
Creditors: Amounts Falling Due Within One Year 6 (3,194 ) (7,783 )
NET CURRENT ASSETS (LIABILITIES) (2,062 ) 3,893
TOTAL ASSETS LESS CURRENT LIABILITIES (2,062 ) 4,125
NET (LIABILITIES)/ASSETS (2,062 ) 4,125
CAPITAL AND RESERVES
Called up share capital 10 10
Profit and Loss Account (2,072 ) 4,115
SHAREHOLDERS' FUNDS (2,062) 4,125
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Kurt Blecha
Director
25 February 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Chicago Partners London Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12015360 . The registered office is Suite 1, 7th Floor, 50 Broadway, London, SW1H 0BL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 20% SLM Method
2.4. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.5. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2023 1,152
As at 31 May 2024 1,152
Depreciation
As at 1 June 2023 920
Provided during the period 232
As at 31 May 2024 1,152
...CONTINUED
Page 2
Page 3
Net Book Value
As at 31 May 2024 -
As at 1 June 2023 232
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 613 579
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 960 3,696
Other creditors 2,234 3,380
Taxation and social security - 707
3,194 7,783
Page 3