Company Registration No. 06470917 (England and Wales)
CHAO LTD
Unaudited Accounts
for the year ended 31 December 2024
CHAO LTD
Unaudited Accounts
Contents
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
CHAO LTD
Statement of financial position
as at 31 December 2024
Tangible assets
2,325,329
2,382,845
Cash at bank and in hand
2,246
22,158
Creditors: amounts falling due within one year
(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
(2,496,388)
(2,496,374)
Net liabilities
(168,791)
(108,799)
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
CHAO LTD
Notes to the Accounts
for the year ended 31 December 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 December 2024
2,318,210
7,119
-
2,325,329
At 31 December 2023
2,368,606
14,239
-
2,382,845
CHAO LTD
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Accrued income and prepayments
6,188
658
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
7,776
1,391
Deferred income
21,407
19,267
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
2,496,388
2,496,388
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).