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Company Registration No. 06470917 (England and Wales)
CHAO LTD Unaudited Accounts for the year ended 31 December 2024
CHAO LTD Unaudited Accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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CHAO LTD Company Information for the year ended 31 December 2024
Directors
Renato Rangoni Giulio Rangoni
Company Number
06470917 (England and Wales)
Registered Office
52 HOXTON SQUARE LONDON N1 6PB UNITED KINGDOM
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CHAO LTD Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
2,325,329
2,382,845
Current assets
Debtors
5
36,126
2,397
Cash at bank and in hand
2,246
22,158
38,372
24,555
Creditors: amounts falling due within one year
6
(36,104)
(19,825)
Net current assets
2,268
4,730
Total assets less current liabilities
2,327,597
2,387,575
Creditors: amounts falling due after more than one year
7
(2,496,388)
(2,496,374)
Net liabilities
(168,791)
(108,799)
Capital and reserves
Called up share capital
2,000
2,000
Profit and loss account
(170,791)
(110,799)
Shareholders' funds
(168,791)
(108,799)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2025 and were signed on its behalf by
Giulio Rangoni Director Company Registration No. 06470917
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CHAO LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
CHAO LTD is a private company, limited by shares, registered in England and Wales, registration number 06470917. The registered office is 52 HOXTON SQUARE, LONDON, N1 6PB, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Straight line over useful life of the asset 20%
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
2,519,794
66,832
(1,108)
2,585,518
At 31 December 2024
2,519,794
66,832
(1,108)
2,585,518
Depreciation
At 1 January 2024
151,188
52,593
(1,108)
202,673
Charge for the year
50,396
7,120
-
57,516
At 31 December 2024
201,584
59,713
(1,108)
260,189
Net book value
At 31 December 2024
2,318,210
7,119
-
2,325,329
At 31 December 2023
2,368,606
14,239
-
2,382,845
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CHAO LTD Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Accrued income and prepayments
6,188
658
Amounts falling due after more than one year
Trade debtors
28,199
-
Other debtors
1,739
1,739
29,938
1,739
6
Creditors: amounts falling due within one year
2024
2023
£
£
VAT
(19)
(19)
Trade creditors
3,126
-
Taxes and social security
7,776
1,391
Other creditors
-
339
Accruals
3,814
(1,153)
Deferred income
21,407
19,267
36,104
19,825
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Trade creditors
-
(14)
Loans from directors
2,496,388
2,496,388
2,496,388
2,496,374
Creditors due after one year it is interest-free loan
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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