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REGISTERED NUMBER: 02928740 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

CHALUNE INVESTMENTS LIMITED

CHALUNE INVESTMENTS LIMITED (REGISTERED NUMBER: 02928740)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHALUNE INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTOR: Mr S Y Shah





SECRETARY: Mr S Y Shah





REGISTERED OFFICE: 1 Doughty Street
London
WC1N 2PH





REGISTERED NUMBER: 02928740 (England and Wales)






CHALUNE INVESTMENTS LIMITED (REGISTERED NUMBER: 02928740)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 445,000 445,000

CURRENT ASSETS
Debtors 5 200,000 200,000
Cash at bank 38,029 36,388
238,029 236,388
CREDITORS
Amounts falling due within one year 6 180,820 45,664
NET CURRENT ASSETS 57,209 190,724
TOTAL ASSETS LESS CURRENT
LIABILITIES

502,209

635,724

CREDITORS
Amounts falling due after more than one year 7 - (135,942 )

PROVISIONS FOR LIABILITIES (2,625 ) (2,625 )
NET ASSETS 499,584 497,157

CAPITAL AND RESERVES
Called up share capital 8 100,000 100,000
Revaluation reserve 11,192 11,192
Retained earnings 388,392 385,965
SHAREHOLDERS' FUNDS 499,584 497,157

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

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

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 12th May 2025 and were signed by:





Mr S Y Shah - Director


CHALUNE INVESTMENTS LIMITED (REGISTERED NUMBER: 02928740)

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


1. STATUTORY INFORMATION

Chalune Investments 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.

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 as modified by the revaluation of certain assets.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses.

The estimates and assumptions used in the accompanying financial statements are based upon management's evaluation of the relevant facts and circumstances as on the date of the financial statements. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised and in any future periods affected.

Information about estimation uncertainties that may have a significant risk of resulting in a material adjustment within the next financial year are:

Valuation of investment property - freehold investment properties are shown at their fair value at balance sheet date. The investment properties are valued by independent professional valuers and/or by directors.. Any valuation exercise will involve a number of assumptions and professional judgements and small changes in the assumptions and professional judgements can cause large deviations in the fair values of the investment properties.

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.

3. EMPLOYEES AND DIRECTORS

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

CHALUNE INVESTMENTS LIMITED (REGISTERED NUMBER: 02928740)

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


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2024
and 31st December 2024 445,000
NET BOOK VALUE
At 31st December 2024 445,000
At 31st December 2023 445,000

The investment property was valued on an open market basis on 31st December 2024 by the directors.


5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors - 200,000

Amounts falling due after more than one year:
Other debtors 200,000 -

Aggregate amounts 200,000 200,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 15,400
Trade creditors 787 -
Taxation and social security (25 ) -
Other creditors 180,058 30,264
180,820 45,664

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 135,942

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 74,342

The bank loan has been paid in full during the year.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary shares 100,000 100,000 100,000

CHALUNE INVESTMENTS LIMITED (REGISTERED NUMBER: 02928740)

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


9. RELATED PARTY DISCLOSURES

As at 31 December 2024, the company was owed £200,000 by a company with directors in common.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Chalune Investments Corporation.