Company Registration No. 05089419 (England and Wales)
Choicebay Limited
Unaudited accounts
for the year ended 31 March 2025
Choicebay Limited
Unaudited accounts
Contents
Choicebay Limited
Company Information
for the year ended 31 March 2025
Company Number
05089419 (England and Wales)
Registered Office
Churchill House
137-139 Brent Street
London
NW4 4DJ
England
Accountants
Clearfin Accountants Limited
Churchill House
137-139 Brent Street
London
NW4 4DJ
Choicebay Limited
Statement of financial position
as at 31 March 2025
Investment property
990,352
982,852
Cash at bank and in hand
2,194
1,034
Creditors: amounts falling due within one year
(698,318)
(694,512)
Net current liabilities
(696,124)
(693,478)
Total assets less current liabilities
294,228
289,374
Creditors: amounts falling due after more than one year
(304,859)
(299,100)
Net liabilities
(10,631)
(9,726)
Called up share capital
4
4
Profit and loss account
(10,635)
(9,730)
Shareholders' funds
(10,631)
(9,726)
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 director acknowledges his 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 and authorised for issue on 31 December 2025 and were signed on its behalf by
Mr M Lisser
Director
Company Registration No. 05089419
Choicebay Limited
Notes to the Accounts
for the year ended 31 March 2025
Choicebay Limited is a private company, limited by shares, registered in England and Wales, registration number 05089419. The registered office is Churchill House, 137-139 Brent Street, London, NW4 4DJ, England.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The financial statements have been drawn up on the going concern basis. The company is also dependent upon the continuing support of its director, which will continue for at least the next 12 months. On this basis, the director consider it appropriate to prepare the financial statements on the going concern basis.
Fair value at 1 April 2024
982,852
The investment property was valued by the director, on an open market for existing use basis.
Choicebay Limited
Notes to the Accounts
for the year ended 31 March 2025
5
Creditors: amounts falling due within one year
2025
2024
Other creditors
16,416
16,416
Loans from directors
681,422
677,616
6
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
304,859
299,100
The loan is secured by way of a fixed charge over the investment property.
7
Transactions with related parties
Included within other creditors is an amount of £681,422 (2024: £677,616) due to a director of the company.
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).