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CHICAMA LTD

Registered Number
09778012
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

CHICAMA LTD
Company Information
for the year from 1 September 2023 to 31 August 2024

Director

NARZIBEKOV, Rustambek

Company Secretary

NARZIBEKOV, Rustambek

Registered Address

Basement
18 Thayer Street
London
W1U 3JY

Registered Number

09778012 (England and Wales)
CHICAMA LTD
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Current assets
Stocks324,29324,830
Debtors41,127,5801,552,858
Cash at bank and on hand48,29335,494
1,200,1661,613,182
Creditors amounts falling due within one year5(1,000,479)(1,094,588)
Net current assets (liabilities)199,687518,594
Total assets less current liabilities199,687518,594
Creditors amounts falling due after one year6(8,334)(18,333)
Net assets191,353500,261
Capital and reserves
Called up share capital11
Profit and loss account191,352500,260
Shareholders' funds191,353500,261
The financial statements were approved and authorised for issue by the Director on 16 May 2025, and are signed on its behalf by:
NARZIBEKOV, Rustambek
Director
Registered Company No. 09778012
CHICAMA LTD
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20242023
Average number of employees during the year2525
3.Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2024

2023

££
Raw materials and consumables24,29324,830
Total24,29324,830
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables240839
Amounts owed by group undertakings1,046,0561,471,941
Other debtors19,59411,887
Prepayments and accrued income61,69068,191
Total1,127,5801,552,858
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables100,680256,772
Bank borrowings and overdrafts10,00010,000
Amounts owed to related parties734,347730,720
Taxation and social security138,12476,634
Other creditors15,67815,961
Accrued liabilities and deferred income1,6504,501
Total1,000,4791,094,588
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts8,33418,333
Total8,33418,333
7.Related party transactions
At the year end the company was owed £283,726 (2023 - 762,250) by CRG London Limited, a fellow group undertaking, in respect of an interest free loan which is repayable on demand. At the year end the company was owed £542,582 (2023 - £540,000) by Juzo London Limited, a fellow group undertaking, in respect of an interest free loan which is repayable on demand. At the year end the company owed £26,366 (2023 - 14,275) by Zephyr 100 Ltd, a fellow group undertaking, in respect of an interest free loan which is repayable on demand. At the year end the company was owed £540,966 (2023 - £575,304) to Pachamamarestaurant Limited, a fellow group undertaking, in respect of an interest free loan which is repayable on demand.