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No description of principal activities is disclosed
2024-02-01
Sage Accounts Production 24.0 - FRS102_2024
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Company registration number:
05007210
Chainkey Limited
Unaudited filleted financial statements
31 January 2025
Chainkey Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Chainkey Limited
Directors and other information
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Directors |
Mr A C Gokani |
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Mr K Gokani |
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Secretary |
A C Gokani |
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Company number |
05007210 |
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Registered office |
Amba House, 4th Floor |
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15 College Road |
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Harrow, Middlesex |
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HA1 1BA |
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Accountants |
Nagle James Associates Limited |
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Amba House, 4th Floor Kings Suite |
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15 College Road |
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Harrow |
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Middlesex |
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HA1 1BA |
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Chainkey Limited
Statement of financial position
31 January 2025
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2025 |
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2024 |
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Note |
£ |
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£ |
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£ |
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£ |
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Current assets |
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Debtors |
|
5 |
195,000 |
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|
403,595 |
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|
Cash at bank and in hand |
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2,670 |
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22,994 |
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|
|
|
_______ |
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_______ |
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197,670 |
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426,589 |
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|
Creditors: amounts falling due |
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within one year |
|
6 |
(
22,800) |
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|
|
(
254,676) |
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|
|
|
|
_______ |
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|
_______ |
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Net current assets |
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174,870 |
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171,913 |
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_______ |
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_______ |
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Total assets less current liabilities |
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174,870 |
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171,913 |
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Creditors: amounts falling due |
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after more than one year |
|
7 |
|
|
(
1,460,310) |
|
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|
(
1,371,183) |
|
|
|
|
|
_______ |
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|
_______ |
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Net liabilities |
|
|
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|
(
1,285,440) |
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|
|
(
1,199,270) |
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|
_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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|
1,098 |
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|
1,098 |
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Profit and loss account |
|
8 |
|
|
(
1,286,538) |
|
|
|
(
1,200,368) |
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|
|
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|
_______ |
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_______ |
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Shareholders deficit |
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|
(
1,285,440) |
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(
1,199,270) |
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_______ |
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_______ |
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For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
10 July 2025
, and are signed on behalf of the board by:
Mr A C Gokani
Director
Company registration number:
05007210
Chainkey Limited
Statement of changes in equity
Year ended 31 January 2025
|
|
Called up share capital |
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Profit and loss account |
Total |
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£ |
|
£ |
£ |
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At 1 February 2023 |
|
1,098 |
|
(
141,714) |
(
140,616) |
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Loss for the year |
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|
(
1,058,654) |
(
1,058,654) |
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_______ |
|
_______ |
_______ |
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Total comprehensive income for the year |
|
- |
|
(
1,058,654) |
(
1,058,654) |
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|
|
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_______ |
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_______ |
_______ |
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At 31 January 2024 and 1 February 2024 |
|
1,098 |
|
(
1,200,368) |
(
1,199,270) |
|
|
|
|
|
|
|
|
|
|
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|
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Loss for the year |
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|
(
86,170) |
(
86,170) |
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|
|
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|
_______ |
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_______ |
_______ |
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Total comprehensive income for the year |
|
- |
|
(
86,170) |
(
86,170) |
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|
|
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_______ |
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_______ |
_______ |
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At 31 January 2025 |
|
1,098 |
|
(
1,286,538) |
(
1,285,440) |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
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Chainkey Limited
Notes to the financial statements
Year ended 31 January 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Chainkey Limited, Amba House, 4th Floor, 15 College Road, Harrow, Middlesex, HA1 1BA.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
4.
Investments
Shares in group undertakings
£
Cost
Additions
-
_______
|
At 1 February 2024 and 31 January 2025
-
_______
|
Carrying amount
At 31 January 2025
-
_______
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At 31 January 2024
-
_______
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On 17 February 2022, Novaplace Properties Limited became an associate and on 1 April 2023 it became a wholly owned subsidiary.
5.
Debtors
|
|
|
2025 |
2024 |
|
|
|
£ |
£ |
|
Other debtors |
|
- |
402,000 |
|
Amounts owed by group undertakings |
|
20,000 |
- |
|
Prepayments and accrued income |
|
- |
1,595 |
|
Amounts owed by connected companies |
|
175,000 |
- |
|
|
|
_______ |
_______ |
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|
|
195,000 |
403,595 |
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|
|
_______ |
_______ |
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|
|
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6.
Creditors: amounts falling due within one year
|
|
|
2025 |
2024 |
|
|
|
£ |
£ |
|
Accruals and deferred income |
|
900 |
5,420 |
|
Social security and other taxes |
|
- |
131,856 |
|
Director loan accounts |
|
21,900 |
117,400 |
|
|
|
_______ |
_______ |
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22,800 |
254,676 |
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|
_______ |
_______ |
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Loan from director is interest free, unsecured and repayable on demand.
7.
Creditors: amounts falling due after more than one year
|
|
|
2025 |
2024 |
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|
£ |
£ |
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Other creditors |
|
1,460,310 |
1,371,183 |
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|
_______ |
_______ |
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Other creditors also includes unsecured loans from Gokani Rubins Pty Limited Vishram Trust £730,155 (2024 - £685,592) and Gokani Rubins Pty Limited Gokani Family Trust £730,155 (2024 - £685,592), both of whom are shareholders of the company. These loans have no fixed repayment terms. Interest is charged on these loans at the rate of 6.5% per annum on the cumulative balance outstanding at the end of the previous year.
8.
Reserves
Called-up share capital – represents the nominal value of shares that have been issued.Profit and loss account – includes all current and prior period retained profits and losses.
9.
Directors advances, credits and guarantees
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During the year the directors entered into the following advances and credits with the company: |
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2025 |
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Balance brought forward |
Advances /(credits) to the directors |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Mr A C Gokani |
(
117,400) |
95,500 |
(
21,900) |
|
|
|
|
|
_______ |
_______ |
_______ |
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2024 |
|
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Balance brought forward |
Advances /(credits) to the directors |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Mr A C Gokani |
(
449,400) |
332,000 |
(
117,400) |
|
|
|
|
|
_______ |
_______ |
_______ |
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