Chestnut International Limited Accounts






Chestnut International Limited

	Company No. 14435239
		Information for Filing with The Registrar
		31 December 2024

at	31 December 2024
Company No.		14435239	Notes	2024	2023
				£	£






Current assets

	Debtors		4	21,500	40,120

	Cash at bank and in hand			72,329	3,074
				93,829	43,194
Creditors: Amount falling due within one year			5	(89,577)	(38,951)
Net current assets				4,252	4,243
Total assets less current liabilities				4,252	4,243




Net assets				4,252	4,243

Capital and reserves
	Called up share capital			2	2



	Profit and loss account		7	4,250	4,241

Total equity				4,252	4,243



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 10 March 2025 and signed on its behalf by:
N.J. Bray
Director
10 March 2025

for the year ended 31 December 2024

General information

Chestnut International Limited is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 14435239

Its registered office is:

37 Chestnut Grove

New Malden

Surrey

KT3 3JJ

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Going concern

After making enquiries , the Directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future , being a period of twelve months from the date these financial statements were approved. Accordingly the Company has adopted the going concern basis in preparing the financial statements .

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer rebates and other similar allowances.

Revenue from a contract to provide services is recognised when all the following conditions are satisfied:
• the amount of the revenue can be measured reliably;

• it is probable that the company will receive the consideration due under the contract ;

• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2024	2023
			Number	Number
		The average monthly number of employees (including directors) during the year was:	2	2

4	Debtors
			2024	2023
			£	£
		Trade debtors	-	30,120




		Loan to director	20,000	10,000

		Prepayments and accrued income	1,500	-
			21,500	40,120

5	Creditors:
		amounts falling due within one year
			2024	2023
			£	£


		Loan	36,000	-



		Taxes and social security	52,399	37,873
		Loan from director	428	328

		Accruals and deferred income	750	750
			89,577	38,951

Share Capital

2 Ordinary Shares of £1 each fully paid.

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

8	Dividends
			2024	2023
			£	£
		Dividends for the period:
		Dividends paid in the period	118,500	93,500

			118,500	93,500

		Dividends by type:

		Equity dividends	118,500	93,500
			118,500	93,500

9	Advances and credits to directors
			2024
			£
		At 1 January 2024	10,000
		Advanced in the period	20,000
		Amounts repaid in the period	10,000


		At 31 December 2024	20,000

Related party disclosures

Transactions with related parties

The Company has received from LCT International Limited, a company under the control of the Directors and Shareholders , consultancy fees of £75,000 ( from Incorporation to 31 December 2023 £99,000) . Additionally included in Note 5 is a loan to LCT International Limited of £36,000 ( 2023 Nil)