IRIS Accounts Production v25.2.0.378 09712028 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false false true false Ordinary A 0.0100 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh097120282023-07-31097120282024-07-31097120282023-08-012024-07-31097120282022-07-31097120282022-08-012023-07-31097120282023-07-3109712028ns15:EnglandWales2023-08-012024-07-3109712028ns14:PoundSterling2023-08-012024-07-3109712028ns10:Director12023-08-012024-07-3109712028ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3109712028ns10:SmallEntities2023-08-012024-07-3109712028ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3109712028ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3109712028ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3109712028ns10:FullAccounts2023-08-012024-07-310971202812023-08-012024-07-3109712028ns10:OrdinaryShareClass12023-08-012024-07-3109712028ns10:Director22023-08-012024-07-3109712028ns10:CompanySecretary12023-08-012024-07-3109712028ns10:RegisteredOffice2023-08-012024-07-3109712028ns5:CurrentFinancialInstruments2024-07-3109712028ns5:CurrentFinancialInstruments2023-07-3109712028ns5:ShareCapital2024-07-3109712028ns5:ShareCapital2023-07-3109712028ns5:SharePremium2024-07-3109712028ns5:SharePremium2023-07-3109712028ns5:RetainedEarningsAccumulatedLosses2024-07-3109712028ns5:RetainedEarningsAccumulatedLosses2023-07-3109712028ns5:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3109712028ns5:PatentsTrademarksLicencesConcessionsSimilar2023-07-3109712028ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-07-3109712028ns5:PatentsTrademarksLicencesConcessionsSimilar2024-07-3109712028ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-07-3109712028ns5:PatentsTrademarksLicencesConcessionsSimilar2023-07-3109712028ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-07-3109712028ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3109712028ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3109712028ns10:OrdinaryShareClass12024-07-31
REGISTERED NUMBER: 09712028 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

CHIPPIN LIMITED

CHIPPIN LIMITED (REGISTERED NUMBER: 09712028)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHIPPIN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: T J B Rhodes
C D Curson





SECRETARY: A T Lawton-Smith





REGISTERED OFFICE: Cheribourne House
45A Station Road
Willington
Bedford
Bedfordshire
MK44 3QL





REGISTERED NUMBER: 09712028 (England and Wales)





ACCOUNTANTS: Baker Noel
Cheribourne House
45A Station Road
Willington
Bedford
Bedfordshire
MK44 3QL

CHIPPIN LIMITED (REGISTERED NUMBER: 09712028)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 135,844 135,844

CURRENT ASSETS
Debtors 5 18,824 18,384
Cash at bank 1,053 3,285
19,877 21,669
CREDITORS
Amounts falling due within one year 6 1,784 1,575
NET CURRENT ASSETS 18,093 20,094
TOTAL ASSETS LESS CURRENT
LIABILITIES

153,937

155,938

CAPITAL AND RESERVES
Called up share capital 7 1,035 1,035
Share premium 215,490 215,490
Retained earnings (62,588 ) (60,587 )
SHAREHOLDERS' FUNDS 153,937 155,938

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 29 August 2025 and were signed on its behalf by:





T J B Rhodes - Director


CHIPPIN LIMITED (REGISTERED NUMBER: 09712028)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Chippin 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.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.

Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

Intangible assets
No amortisation has been provided on development costs as the project is still seen as ongoing. Amortisation will be provided over the useful life of the asset once this has been determined.

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.

Going concern
These financial statements have been drawn up on the going concern basis. If the going concern basis were not appropriate, adjustments would have been made to reduce assets to recoverable amounts, to provide for any further liabilities that might arise, and to re-classify fixed assets as current assets and long term liabilities as current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

CHIPPIN LIMITED (REGISTERED NUMBER: 09712028)

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

4. INTANGIBLE FIXED ASSETS
Trade Development
marks costs Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 170 135,674 135,844
NET BOOK VALUE
At 31 July 2024 170 135,674 135,844
At 31 July 2023 170 135,674 135,844

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 18,824 18,384

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other creditors 1,784 1,575

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
1,035,000 Ordinary A 0.001 1,035 1,035