REGISTERED NUMBER: 08487694 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Chesamel Group Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Tangible assets

4

115,966

72,397

Investments

5

3

3

115,969

72,400

Current assets

Debtors

6

3,544,215

3,353,971

Cash at bank

44,415

616,982

3,588,630

3,970,953

Creditors

Amounts falling due within one year

7

2,667,771

3,309,319

Net current assets

920,859

661,634

Total assets less current liabilities

1,036,828

734,034

Creditors

Amounts falling due after more than one year

8

62,928

200,169

Net assets

973,900

533,865

Capital and reserves

Called up share capital

9

100

100

Retained earnings

973,800

533,765

Shareholders' funds

973,900

533,865

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2025 and were signed on its behalf by:

J N Cofie - Director

1.	Statutory information

Chesamel Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

08487694

Registered office:

Pound House

62a Highgate High Street

London

N6 5HX

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.

Preparation of consolidated financial statements

The financial statements contain information about Chesamel Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 73 (2024 - 53 ) .

4.	Tangible fixed assets

Plant and

machinery

£

Cost

At 1 April 2024

107,173

Additions

66,344

At 31 March 2025

173,517

Depreciation

At 1 April 2024

34,776

Charge for year

22,775

At 31 March 2025

57,551

Net book value

At 31 March 2025

115,966

At 31 March 2024

72,397

5.	Fixed asset investments

Shares in

group

undertakin

£

Cost

At 1 April 2024

and 31 March 2025

3

Net book value

At 31 March 2025

3

At 31 March 2024

3

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

745,666

981,827

Amounts owed by group undertakings

668,033

363,009

Other debtors

770,878

703,276

Directors' loan accounts

1,359,638

1,305,859

3,544,215

3,353,971

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

137,019

46,771

Loans

337,858

213,229

Trade creditors

321,604

123,200

Amounts owed to group undertakings

1

10,088

Corporation tax

716,469

449,196

Social security and other taxes

501,950

1,239,207

Pension Liability

24,117

18,017

VAT

416,585

295,792

Other creditors

45,249

41,495

Accruals and deferred income

166,919

872,324

2,667,771

3,309,319

8.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Loans repayable 1-2 years

34,341

137,241

Loans repayable 2-5 years

28,587

62,928

62,928

200,169

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

60

A Ordinary

£1

60

60

40

B Ordinary

£1

40

40

100

100

10.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

E K Cofie and J N Cofie

Balance outstanding at start of year

1,305,858

1,066,078

Amounts advanced

711,780

657,780

Amounts repaid

(658,000

)

(418,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,359,638

1,305,858

Interest of £29,652 (2024 - £26,387) has been charged on these advances.

11.	Ultimate controlling party

The ultimate controlling party is J N Cofie.