Company registration number 08188132 (England and Wales)
CHATAGIT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
CHATAGIT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
CHATAGIT LIMITED (REGISTERED NUMBER: 08188132)
BALANCE SHEET
AS AT 31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
838
1,117
Investments
4
8,611
8,611
9,449
9,728
Current assets
Debtors
6
1,024
22,038
Cash at bank and in hand
20,387
1,948
21,411
23,986
Creditors: amounts falling due within one year
7
(19,800)
(22,482)
Net current assets
1,611
1,504
Net assets
11,060
11,232
Capital and reserves
Called up share capital
10,000
10,000
Profit and loss reserves
1,060
1,232
Total equity
11,060
11,232
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 29 August 2025
Mr C N Devaux
Director
CHATAGIT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 2 -
1
Accounting policies
Company information
ChaTagIT Limited is a private company limited by shares incorporated in England and Wales. The registered office is 10 Upper Grosvenor Road, Tunbridge Wells, England, TN1 2EP.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
1.2
Going concern
The director of the company has confirmed his intention to continue to provide the necessary financial support for the company to continue for the foreseeable future. Consequently, the financial statements have been prepared on the Going Concern Basis.
1.3
Turnover
Turnover represents net invoiced sales of recreational and sporting services, excluding value added tax. Revenue is recognised when the service has been provided to the customer.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery
25% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
CHATAGIT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 3 -
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
1.7
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and machinery
£
Cost
At 1 September 2023 and 31 August 2024
2,297
Depreciation and impairment
At 1 September 2023
1,180
Depreciation charged in the year
279
At 31 August 2024
1,459
Carrying amount
At 31 August 2024
838
At 31 August 2023
1,117
4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
8,611
8,611
CHATAGIT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 4 -
5
Subsidiaries
Details of the company's subsidiaries at 31 August 2024 are as follows:
Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Chatagit US Inc
Corporation Trust Centre 1209 Orange Street, Wilmington, Delaware 19801
Ordinary shares
100.00
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
2,296
Other debtors
1,024
19,742
1,024
22,038
7
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
17,880
20,007
Other creditors
1,920
2,475
19,800
22,482
8
Director's transactions
Included in other debtors is a loan to the company's director of £332 (2023: £3,537). This loan is interest free and repayable on demand.