Company Registration No. 08196270 (England and Wales)
Chabu Ltd
Unaudited accounts
for the year ended 31 May 2025
Chabu Ltd
Unaudited accounts
Contents
Chabu Ltd
Company Information
for the year ended 31 May 2025
Directors
CHAN, Jonathan
ABOULACHOUAQ, Richard
Company Number
08196270 (England and Wales)
Registered Office
Mount Pleasant Business Centre
Mount Pleasant Campus
Mount Pleasant
Swansea
SA1 6ED
United Kingdom
Chabu Ltd
Statement of financial position
as at 31 May 2025
Tangible assets
2,233,843
2,301,427
Investment property
2,116,429
2,085,000
Cash at bank and in hand
27,858
90,976
Creditors: amounts falling due within one year
(56,139)
(82,844)
Net current assets
109,969
106,600
Total assets less current liabilities
4,460,241
4,493,027
Creditors: amounts falling due after more than one year
(2,824,221)
(2,885,390)
Net assets
1,636,020
1,607,637
Called up share capital
100
100
Revaluation reserve
1,560,954
1,570,954
Profit and loss account
74,966
36,583
Shareholders' funds
1,636,020
1,607,637
For the year ending 31 May 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 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 of Directors and authorised for issue on 5 January 2026 and were signed on its behalf by
CHAN, Jonathan
Director
Company Registration No. 08196270
Chabu Ltd
Notes to the Accounts
for the year ended 31 May 2025
Chabu Ltd is a private company, limited by shares, registered in England and Wales, registration number 08196270. The registered office is Mount Pleasant Business Centre, Mount Pleasant Campus, Mount Pleasant, Swansea, SA1 6ED, United Kingdom.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% reducing balance basis
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. In this case, 10 years. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Goodwill
Chabu Ltd
Notes to the Accounts
for the year ended 31 May 2025
5
Tangible fixed assets
Land & buildings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2024
2,301,427
7,443
2,308,870
Revaluations
(10,000)
-
(10,000)
Disposals
(74,280)
-
(74,280)
At 31 May 2025
2,233,843
7,443
2,241,286
At 1 June 2024
-
7,443
7,443
At 31 May 2025
-
7,443
7,443
At 31 May 2025
2,233,843
-
2,233,843
At 31 May 2024
2,301,427
-
2,301,427
Fair value at 1 June 2024
2,085,000
Amounts falling due within one year
Accrued income and prepayments
18,531
27,892
Other debtors
119,679
70,536
8
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
12,794
-
Other creditors
31,419
70,918
9
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
2,824,221
2,885,390
Chabu Ltd
Notes to the Accounts
for the year ended 31 May 2025
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
11
Average number of employees
During the year the average number of employees was 2 (2024: 2).