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COMPANY REGISTRATION NUMBER: 08080109
Chayora Capital Limited
Filleted Unaudited Financial Statements
31 May 2024
Chayora Capital Limited
Financial Statements
Year ended 31 May 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Chayora Capital Limited
Statement of Financial Position
31 May 2024
2024
2023
Note
£
£
£
Fixed assets
Investments
5
67,987
67,987
Current assets
Debtors
6
24,833
24,488
Cash at bank and in hand
1,275
1,208
--------
--------
26,108
25,696
Creditors: amounts falling due within one year
7
32,627
30,024
--------
--------
Net current liabilities
6,519
4,328
--------
--------
Total assets less current liabilities
61,468
63,659
--------
--------
Net assets
61,468
63,659
--------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
61,467
63,658
--------
--------
Shareholders funds
61,468
63,659
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Director's responsibilities:
- 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 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Chayora Capital Limited
Statement of Financial Position (continued)
31 May 2024
These financial statements were approved by the board of directors and authorised for issue on 26 February 2025 , and are signed on behalf of the board by:
Mr O J Jones
Director
Company registration number: 08080109
Chayora Capital Limited
Notes to the Financial Statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
After making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future for at least one year from the date of the financial information. For these reasons they continue to adopt the going concern basis in preparing the company's financial information.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Investments
Other investments other than loans
£
Cost
At 1 June 2023 and 31 May 2024
67,987
--------
Impairment
At 1 June 2023 and 31 May 2024
--------
Carrying amount
At 31 May 2024
67,987
--------
At 31 May 2023
67,987
--------
6. Debtors
2024
2023
£
£
Other debtors
24,833
24,488
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
2,570
15
Other creditors
30,057
30,009
--------
--------
32,627
30,024
--------
--------
8. Related party transactions
At the balance sheet date, the company owed the director £28,557 (2023: £28,509). At the balance sheet date, the company was owed £24,218 (2023: £24,218) by a company associated by common control.