Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31false2023-04-01No description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10597702 2023-04-01 2024-03-31 10597702 2022-04-01 2023-03-31 10597702 2024-03-31 10597702 2023-03-31 10597702 1 2023-04-01 2024-03-31 10597702 d:Director1 2023-04-01 2024-03-31 10597702 c:FurnitureFittings 2024-03-31 10597702 c:FurnitureFittings 2023-03-31 10597702 c:OfficeEquipment 2023-04-01 2024-03-31 10597702 c:OfficeEquipment 2024-03-31 10597702 c:OfficeEquipment 2023-03-31 10597702 c:ComputerEquipment 2023-04-01 2024-03-31 10597702 c:CurrentFinancialInstruments 2024-03-31 10597702 c:CurrentFinancialInstruments 2023-03-31 10597702 c:Non-currentFinancialInstruments 2024-03-31 10597702 c:Non-currentFinancialInstruments 2023-03-31 10597702 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 10597702 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 10597702 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 10597702 c:Non-currentFinancialInstruments c:AfterOneYear 2023-03-31 10597702 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2024-03-31 10597702 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2023-03-31 10597702 c:ShareCapital 2024-03-31 10597702 c:ShareCapital 2023-03-31 10597702 c:RetainedEarningsAccumulatedLosses 2024-03-31 10597702 c:RetainedEarningsAccumulatedLosses 2023-03-31 10597702 d:FRS102 2023-04-01 2024-03-31 10597702 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10597702 d:FullAccounts 2023-04-01 2024-03-31 10597702 d:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10597702 2 2023-04-01 2024-03-31 10597702 6 2023-04-01 2024-03-31 10597702 c:Associate1 2023-04-01 2024-03-31 10597702 c:Associate1 1 2023-04-01 2024-03-31 10597702 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 10597702









CHNN CONSULTANCY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
CHNN CONSULTANCY LIMITED
REGISTERED NUMBER: 10597702

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 5 
670,000
50,000

  
670,000
50,000

Current assets
  

Debtors: amounts falling due within one year
 6 
846,506
6,586

Cash at bank and in hand
 7 
68,344
1,715,456

  
914,850
1,722,042

Creditors: amounts falling due within one year
 8 
(26,458)
(194,005)

Net current assets
  
 
 
888,392
 
 
1,528,037

Total assets less current liabilities
  
1,558,392
1,578,037

Creditors: amounts falling due after more than one year
 9 
(48,112)
(49,501)

  

Net assets
  
1,510,280
1,528,536


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
1,510,279
1,528,535

  
1,510,280
1,528,536


Page 1

 
CHNN CONSULTANCY LIMITED
REGISTERED NUMBER: 10597702
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 June 2025.




Conor Nolan
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
CHNN CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

CHNN Consultancy Limited is a private company limited by shares registered in England and Wales. Its registered office is Bushbury House, 435 Wilmslow Road, Withington, Manchester, M20 4AF.

2.Reccounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
CHNN CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Reccounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.8

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
CHNN CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
4,800
2,798
7,598



At 31 March 2024

4,800
2,798
7,598



Depreciation


At 1 April 2023
4,800
2,798
7,598



At 31 March 2024

4,800
2,798
7,598



Net book value



At 31 March 2024
-
-
-


5.


Fixed asset investments





Investments in associates
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 April 2023
50,000
-
50,000


Additions
-
620,000
620,000



At 31 March 2024
50,000
620,000
670,000




Page 5

 
CHNN CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

Associate


The following was an associate of the Company:


Name

Principal activity

Class of shares

Holding

Swish Management Limited
Network installation
Ordinary A and C
21.93%


6.


Debtors

2024
2023
£
£


Other debtors
846,506
6,586

846,506
6,586



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
68,344
1,715,456

68,344
1,715,456



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
174
1,320

Corporation tax
82
82

Other taxation and social security
3,514
-

Other creditors
-
169,915

Accruals and deferred income
22,688
22,688

26,458
194,005


Page 6

 
CHNN CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
48,112
49,501

48,112
49,501



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£


Amounts falling due 1-2 years

Bank loans
48,112
49,501


48,112
49,501



48,112
49,501


Included in bank loans after more than one year is an unsecured bounce back loan. The loan is subject to interest at the rate of 2.5% per annum and is fully backed by the UK government under the BBLS rules.  


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £418 (2023 - £0) . Contributions totalling £0 (2023 - £0) were payable to the fund at the balance sheet date and are included in creditors.


12.


Transactions with directors

Included within debtors due within one year is a loan due from the director in the amount of £841,188 (2023: £0). The loan was repaid in full on 31 May 2024.


13.


Post balance sheet events

The company and its director are presently taking legal action for recovery of its unlisted investments. The director is confident, whilst the claim is in early legal charges, of full recovery. No provision has been made for any future potential loss and legal fees that may arise on the investment which is stated at cost at £620,000.

Page 7

 
CHNN CONSULTANCY LIMITED
 
 
 Page 8