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REGISTERED NUMBER: 03485514 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

CHANDNI CHOWK LIMITED

CHANDNI CHOWK LIMITED (REGISTERED NUMBER: 03485514)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


CHANDNI CHOWK LIMITED (REGISTERED NUMBER: 03485514)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 43,945 41,506
43,945 41,506

CURRENT ASSETS
Stocks 560,332 500,778
Debtors 6 18,351 31,235
Cash at bank and in hand 40,707 110,763
619,390 642,776
CREDITORS
Amounts falling due within one year 7 487,787 483,830
NET CURRENT ASSETS 131,603 158,946
TOTAL ASSETS LESS CURRENT
LIABILITIES

175,548

200,452

PROVISIONS FOR LIABILITIES 9 6,378 5,978
NET ASSETS 169,170 194,474

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 11 169,168 194,472
SHAREHOLDERS' FUNDS 169,170 194,474

CHANDNI CHOWK LIMITED (REGISTERED NUMBER: 03485514)

BALANCE SHEET - continued
31 OCTOBER 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2025 and were signed on its behalf by:




Mr P Garrod - Director



Ms R C Price - Director


CHANDNI CHOWK LIMITED (REGISTERED NUMBER: 03485514)

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


1. STATUTORY INFORMATION

Chandni Chowk Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03485514

Registered office: Grenville House
9 Boutport Street
Barnstaple
Devon
EX31 1TZ

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
Purchased goodwill arising on the incorporation of the partnership is capitalised and classified as an asset on the Balance Sheet. The goodwill has now been fully amortised over five 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.
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Equipment - 20% on reducing balance

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


CHANDNI CHOWK LIMITED (REGISTERED NUMBER: 03485514)

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


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

CHANDNI CHOWK LIMITED (REGISTERED NUMBER: 03485514)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 100,000
AMORTISATION
At 1 November 2023
and 31 October 2024 100,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Equipment Totals
£    £    £    £   
COST
At 1 November 2023 172,276 31,236 32,796 236,308
Additions 10,424 - - 10,424
At 31 October 2024 182,700 31,236 32,796 246,732
DEPRECIATION
At 1 November 2023 150,913 15,682 28,207 194,802
Charge for year 3,178 3,889 918 7,985
At 31 October 2024 154,091 19,571 29,125 202,787
NET BOOK VALUE
At 31 October 2024 28,609 11,665 3,671 43,945
At 31 October 2023 21,363 15,554 4,589 41,506

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,204 607
Other debtors 15,147 30,628
18,351 31,235

CHANDNI CHOWK LIMITED (REGISTERED NUMBER: 03485514)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 53,951 23,644
Taxation and social security 8,013 20,968
Other creditors 425,823 439,218
487,787 483,830

HSBC Bank plc registered a debenture charge on 30 November 2004 in which all money and liabilities owed to the bank are secured over the assets of the company.

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 70,350 70,350
Between one and five years 133,700 204,050
204,050 274,400

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 6,378 5,978

Deferred
tax
£   
Balance at 1 November 2023 5,978
Charge to Profit and loss account during year 400
Balance at 31 October 2024 6,378

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

CHANDNI CHOWK LIMITED (REGISTERED NUMBER: 03485514)

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


11. RESERVES
Retained
earnings
£   

At 1 November 2023 194,472
Deficit for the year (25,304 )
At 31 October 2024 169,168

12. RELATED PARTY DISCLOSURES

The ultimate controlling party is Mr P Garrod and Ms R C Price.