IRIS Accounts Production v25.1.4.42 10445170 Board of Directors 1.11.23 31.10.24 31.10.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh104451702023-10-31104451702024-10-31104451702023-11-012024-10-31104451702022-10-31104451702022-11-012023-10-31104451702023-10-3110445170ns15:EnglandWales2023-11-012024-10-3110445170ns14:PoundSterling2023-11-012024-10-3110445170ns10:Director12023-11-012024-10-3110445170ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3110445170ns10:SmallEntities2023-11-012024-10-3110445170ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3110445170ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3110445170ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3110445170ns10:FullAccounts2023-11-012024-10-311044517012023-11-012024-10-3110445170ns5:CurrentFinancialInstruments2024-10-3110445170ns5:CurrentFinancialInstruments2023-10-3110445170ns5:ShareCapital2024-10-3110445170ns5:ShareCapital2023-10-3110445170ns5:RetainedEarningsAccumulatedLosses2024-10-3110445170ns5:RetainedEarningsAccumulatedLosses2023-10-3110445170ns10:RegisteredOffice2023-11-012024-10-3110445170ns5:NetGoodwill2023-11-012024-10-3110445170ns5:FurnitureFittings2023-11-012024-10-3110445170ns5:ComputerEquipment2023-11-012024-10-3110445170ns5:NetGoodwill2023-10-3110445170ns5:NetGoodwill2024-10-3110445170ns5:NetGoodwill2023-10-3110445170ns5:FurnitureFittings2023-10-3110445170ns5:ComputerEquipment2023-10-3110445170ns5:FurnitureFittings2024-10-3110445170ns5:ComputerEquipment2024-10-3110445170ns5:FurnitureFittings2023-10-3110445170ns5:ComputerEquipment2023-10-3110445170ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3110445170ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3110445170ns10:Director22023-11-012024-10-3110445170ns10:Director222023-10-3110445170ns10:Director222022-10-3110445170ns10:Director222023-11-012024-10-3110445170ns10:Director222022-11-012023-10-3110445170ns10:Director222024-10-3110445170ns10:Director222023-10-31104451701ns10:Director12023-10-31104451701ns10:Director12022-10-31104451701ns10:Director12023-11-012024-10-31104451701ns10:Director12022-11-012023-10-31104451701ns10:Director12024-10-31104451701ns10:Director12023-10-31
REGISTERED NUMBER: 10445170 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 October 2024

for

UK Chess Challenge Limited

UK Chess Challenge Limited (Registered number: 10445170)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


UK Chess Challenge Limited (Registered number: 10445170)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £   
CURRENT ASSETS
Debtors 6 9,732 146,094
Cash at bank 148,813 96,936
158,545 243,030
CREDITORS
Amounts falling due within one year 7 (46,056 ) (98,479 )
NET CURRENT ASSETS 112,489 144,551
TOTAL ASSETS LESS CURRENT LIABILITIES 112,489 144,551

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 112,389 144,451
112,489 144,551

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 May 2025 and were signed on its behalf by:





Mrs S N Longson - Director


UK Chess Challenge Limited (Registered number: 10445170)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

UK Chess Challenge 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: 10445170

Registered office: Westminster House
10 Westminster Road
Macclesfield
Cheshire
SK10 1BX

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, net of VAT and trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

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 - 20% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current 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 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.

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 2 (2023 - 2 ) .

UK Chess Challenge Limited (Registered number: 10445170)

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 40,000
AMORTISATION
At 1 November 2023
and 31 October 2024 40,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2023 2,640 1,955 4,595
Disposals (2,640 ) - (2,640 )
At 31 October 2024 - 1,955 1,955
DEPRECIATION
At 1 November 2023 2,640 1,955 4,595
Eliminated on disposal (2,640 ) - (2,640 )
At 31 October 2024 - 1,955 1,955
NET BOOK VALUE
At 31 October 2024 - - -
At 31 October 2023 - - -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 9,732 146,094

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Taxation and social security 22,570 59,105
Other creditors 23,486 39,374
46,056 98,479

UK Chess Challenge Limited (Registered number: 10445170)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24 31.10.23
£    £   
Mr A Longson
Balance outstanding at start of year 131,149 9,866
Amounts advanced - 153,783
Amounts repaid (131,149 ) (32,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 131,149

Mrs S N Longson
Balance outstanding at start of year 11,945 9,989
Amounts advanced - 34,456
Amounts repaid (11,945 ) (32,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 11,945

Loans are charged at interest rate of 2.25% and were repaid within 9 months after the year end.