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REGISTERED NUMBER: 02909590 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CHOLSO LIMITED

CHOLSO LIMITED (REGISTERED NUMBER: 02909590)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHOLSO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: Mr C E Nicholson





SECRETARY: Miss A C Gordon





REGISTERED OFFICE: Clifton House
Bunnian Place
Basingstoke
Hampshire
RG21 7JE





REGISTERED NUMBER: 02909590 (England and Wales)






CHOLSO LIMITED (REGISTERED NUMBER: 02909590)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - -
Investment property 6 1,974,024 1,951,905
1,974,024 1,951,905

CURRENT ASSETS
Debtors 7 24,060 -
Cash at bank 40,629 168,891
64,689 168,891
CREDITORS
Amounts falling due within one year 8 81,008 180,978
NET CURRENT LIABILITIES (16,319 ) (12,087 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,957,705

1,939,818

CREDITORS
Amounts falling due after more than one
year

9

(28,359

)

(69,615

)

PROVISIONS FOR LIABILITIES 11 (187,481 ) (187,481 )
NET ASSETS 1,741,865 1,682,722

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 12 772,597 772,597
Retained earnings 969,168 910,025
1,741,865 1,682,722

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CHOLSO LIMITED (REGISTERED NUMBER: 02909590)

BALANCE SHEET - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 March 2025 and were signed by:





Mr C E Nicholson - Director


CHOLSO LIMITED (REGISTERED NUMBER: 02909590)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Cholso 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

All fixed assets are initially recorded at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

CHOLSO LIMITED (REGISTERED NUMBER: 02909590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


3. ACCOUNTING POLICIES - continued

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 2,651 1,680 7,599 11,930
DEPRECIATION
At 1 January 2024
and 31 December 2024 2,651 1,680 7,599 11,930
NET BOOK VALUE
At 31 December 2024 - - - -
At 31 December 2023 - - - -

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 1,951,905
Additions 22,119
At 31 December 2024 1,974,024
NET BOOK VALUE
At 31 December 2024 1,974,024
At 31 December 2023 1,951,905

The director has assessed the fair value of the investment property as shown above and confirmed this is a fair value as at 31st December 2024.

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2014 612,596
Valuation in 2015 99,235
Valuation in 2016 164,026
Valuation in 2017 84,221
Valuation in 2021 991,827
Valuation in 2024 22,119
1,974,024

CHOLSO LIMITED (REGISTERED NUMBER: 02909590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 24,060 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 41,256 39,748
Taxation and social security 38,167 18,441
Other creditors 1,585 122,789
81,008 180,978

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 28,359 69,615

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 69,615 109,363

The bank loans are secured over the investment property.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 187,481 187,481

Deferred
tax
£   
Balance at 1 January 2024 187,481
Balance at 31 December 2024 187,481

12. RESERVES
Fair
value
reserve
£   
At 1 January 2024
and 31 December 2024 772,597