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REGISTERED NUMBER: 07533286















Financial Statements for the Year Ended 31 March 2024

for

CHELSEA PARIS LIMITED

CHELSEA PARIS LIMITED (REGISTERED NUMBER: 07533286)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHELSEA PARIS LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Ms T Ebagua
E Joseph-Bazuaye





REGISTERED OFFICE: 96 Camp Road
Gerrards Cross
Slough
SL9 7PB





REGISTERED NUMBER: 07533286





ACCOUNTANTS: Samuelsons & Co
Chartered Certified Accountants
The Brentano Suite
Solar House
915 High Road
North Finchley
London
N12 8QJ

CHELSEA PARIS LIMITED (REGISTERED NUMBER: 07533286)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 178,096 178,096
Tangible assets 5 14,476 19,299
192,572 197,395

CURRENT ASSETS
Stocks 52,500 70,250
Cash at bank 16,650 18,200
69,150 88,450
CREDITORS
Amounts falling due within one year 6 210,421 224,345
NET CURRENT LIABILITIES (141,271 ) (135,895 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,301

61,500

CREDITORS
Amounts falling due after more than one
year

7

41,918

46,492
NET ASSETS 9,383 15,008

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 9,283 14,908
SHAREHOLDERS' FUNDS 9,383 15,008

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

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

The directors acknowledge their 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.

CHELSEA PARIS LIMITED (REGISTERED NUMBER: 07533286)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





Ms T Ebagua - Director


CHELSEA PARIS LIMITED (REGISTERED NUMBER: 07533286)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Chelsea Paris Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

CHELSEA PARIS LIMITED (REGISTERED NUMBER: 07533286)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 178,096
NET BOOK VALUE
At 31 March 2024 178,096
At 31 March 2023 178,096

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 20,450 12,864 31,503 64,817
DEPRECIATION
At 1 April 2023 12,019 10,747 22,752 45,518
Charge for year - 529 4,294 4,823
At 31 March 2024 12,019 11,276 27,046 50,341
NET BOOK VALUE
At 31 March 2024 8,431 1,588 4,457 14,476
At 31 March 2023 8,431 2,117 8,751 19,299

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 4,182 4,182
Other creditors 41,029 1,775
Directors' current accounts 162,830 216,948
Accrued expenses 2,380 1,440
210,421 224,345

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 8) 41,918 46,492

CHELSEA PARIS LIMITED (REGISTERED NUMBER: 07533286)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


8. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 13,652 13,652

Amounts falling due between two and five years:
Bounce back loan 28,266 32,840

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 April 2023 14,908
Deficit for the year (5,625 )
At 31 March 2024 9,283