REGISTERED NUMBER: 06488710 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Chameleon Software Development Ltd

Page

Company Information

1

Chartered Certified Accountants' Report

2

Statement of Financial Position

3

to

4

Notes to the Financial Statements

5

to

7

DIRECTOR:

G Bridle

SECRETARY:

Mrs C Bridle

REGISTERED OFFICE:

5 West Court

Enterprise Road

Maidstone

Kent

ME15 6JD

REGISTERED NUMBER:

06488710 (England and Wales)

ACCOUNTANTS:

Henry Reeves & Co Limited

Chartered Certified Accountants

5 West Court

Enterprise Road

Maidstone

Kent

ME15 6JD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Chameleon Software Development Ltd for the year ended 31 December 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Chameleon Software Development Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Chameleon Software Development Ltd and state those matters that we have agreed to state to the director of Chameleon Software Development Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Chameleon Software Development Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Chameleon Software Development Ltd. You consider that Chameleon Software Development Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Chameleon Software Development Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Henry Reeves & Co Limited

Chartered Certified Accountants

5 West Court

Enterprise Road

Maidstone

Kent

ME15 6JD

30 September 2025

CURRENT ASSETS

Debtors

4

322,567

344,653

Cash at bank

186,481

176,607

509,048

521,260

CREDITORS

Amounts falling due within one year

5

93,017

174,133

NET CURRENT ASSETS

416,031

347,127

TOTAL ASSETS LESS CURRENT LIABILITIES

416,031

347,127

CREDITORS

Amounts falling due after more than one year

6

6,137

16,491

NET ASSETS

409,894

330,636

CAPITAL AND RESERVES

Called up share capital

125

125

Retained earnings

409,769

330,511

SHAREHOLDERS' FUNDS

409,894

330,636

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 30 September 2025 and were signed by:

G Bridle - Director

1.	STATUTORY INFORMATION

Chameleon Software Development Ltd 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 measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and form the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer.

Turnover from the rendering of services is recognised when the service is performed.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by related parties

26,800

26,800

Other debtors

295,767

317,853

322,567

344,653

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,354

10,099

Trade creditors

300

-

Amounts owed to related parties

36,169

104,484

Taxation and social security

16,933

26,680

Other creditors

29,261

32,870

93,017

174,133

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

6,137

16,491

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is £112,985 (2023: £128,805) due from the director in respect of his loan account. During the year the director was advanced £21,014 (2023: £95,506) and repaid £36,834 (2023: £107,500). The loan is unsecured, interest free and repayable on demand.

8.	RELATED PARTY DISCLOSURES

Included in other debtors falling due within one year is £112,985 (2023: £128,805) due in respect of loans to participating interests. The loan is unsecured, interest free and repayable on demand.

Included in debtors falling due within one year is a loan of £18,000 (2023: £18,000) due from Genie Innovations Limited, a company in which G Bridle is a Director and Shareholder. This amount is unsecured, interest free and repayable on demand.

Included in creditors falling due within one year is £36,169 (2023: £104,484) due to Limetree Products Limited, a company in which G Bridle is a Director and Shareholder. This amount is unsecured, interest free and repayable on demand.

During the year, the company provided services totalling £NIL (2023: £57,812) to Limetree Products Limited. The company also incurred a management fee of £NIL (2023: £10,000) from Limetree Products Limited.

Included in debtors falling due within one year is a loan of £8,800 (2023: £8,800) due from Chameleon-I Limited, a company in which G Bridle is a Director and Shareholder. This amount is unsecured, interest free and repayable on demand.

During the year, the company also provided services totalling £428,182 (2023: £417,822) to Chameleon-I Limited.