Chancho Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC737587

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,856		-

			1,856		-
CURRENT ASSETS
Stock	5	2,500		-
Debtors	6	7,350		8,555
Cash at bank and in hand		42,945		-

		52,795		8,555
Creditors: Amounts Falling Due Within One Year	7	(56,315 )		(26,133 )

NET CURRENT ASSETS (LIABILITIES)			(3,520 )		(17,578 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(1,664 )		(17,578 )

NET LIABILITIES			(1,664 )		(17,578 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(1,764 )		(17,678 )

SHAREHOLDERS' FUNDS			(1,664)		(17,578)

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Chancho Ltd

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr A Palumbo

Director

1 October 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Chancho Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC737587 . The registered office is 49 Bread Street, Edinburgh, EH3 9AH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have carried out an assessment of the going concern position of the company, including consideration of the company's net liability position. With their continued support, the directors have concluded that they have a reasonable expectation that the company has adequate access to resources to continue as a going concern for a period of at least 12 months. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

2.3. 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 from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	25% straight line
Computer Equipment	33.33% straight line

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: NIL)

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Chancho Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	-	-	-
Additions	2,238	266	2,504

As at 31 March 2025	2,238	266	2,504

Depreciation
As at 1 April 2024	-	-	-
Provided during the period	559	89	648

As at 31 March 2025	559	89	648

Net Book Value
As at 31 March 2025	1,679	177	1,856

As at 1 April 2024	-	-	-

5. Stock

	2025	2024
	£	£
Stock	2,500	-

6. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	480	-
Other debtors	5,578	5,578
VAT	1,292	2,977

	7,350	8,555

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Chancho Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	3,242	-
Other taxes and social security	750	-
Other creditors	117	-
Accruals and deferred income	2,139	650
Directors' loan accounts	369	210
Amounts owed to related parties	49,698	25,273

	56,315	26,133

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

9. Related Party Transactions

As at 31 March 2025, the Company owed £49,698 (2024: £25,273) to Bailey & Palumbo Ltd, a company with common directors.

As at 31 March 2025, the Company owed £369 (2024: £210) to the directors.

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