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COMPANY REGISTRATION NUMBER: SC319253
Chinwise Ltd
Filleted Unaudited Financial Statements
30 June 2024
Chinwise Ltd
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
£
Current assets
Cash at bank and in hand
122
122
Creditors: amounts falling due within one year
4
4,260
3,900
-------
-------
Net current liabilities
4,138
3,778
-------
-------
Total assets less current liabilities
( 4,138)
( 3,778)
-------
-------
Net liabilities
( 4,138)
( 3,778)
-------
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 4,238)
( 3,878)
-------
-------
Shareholders deficit
( 4,138)
( 3,778)
-------
-------
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 30 June 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 .
These financial statements were approved by the board of directors and authorised for issue on 25 February 2025 , and are signed on behalf of the board by:
Mr N J Stevenson
Director
Company registration number: SC319253
Chinwise Ltd
Notes to the Financial Statements
Year ended 30 June 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 Flat 32, 28 Simpson Loan, Edinburgh, Scotland, EH3 9GG.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
At 30 June 2024 the liabilities of the company exceeded its assets by £4,138 (2023 : £3,778). The company is reliant upon the support of the director whose directors loan account totals £3,900 and he has agreed not to seek repayment until such time as the company can afford it. Therefore the Going Concern basis is deemed to be appropriate.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
4. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
4,260
3,900
-------
-------
5. Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.