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Company Registration No. 13058158 (England and Wales)
Chynance Holdings Ltd Unaudited accounts for the year ended 31 December 2025
Chynance Holdings Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Chynance Holdings Ltd Company Information for the year ended 31 December 2025
Director
ANDREW CLATWORTHY
Company Number
13058158 (England and Wales)
Registered Office
2 KING MARK HOUSE STRET CONSTANTINE NEWQUAY CORNWALL TR7 1GF ENGLAND
Accountants
Chynance Accountancy Services Ltd 2 King Mark House Stret Constantine Newquay Cornwall TR7 1GF
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Chynance Holdings Ltd Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
18,584
24,777
Investment property
5
100,193
100,193
118,777
124,970
Current assets
Cash at bank and in hand
447
1,019
Creditors: amounts falling due within one year
6
(1,491)
(399)
Net current (liabilities)/assets
(1,044)
620
Total assets less current liabilities
117,733
125,590
Creditors: amounts falling due after more than one year
7
(140,147)
(142,843)
Net liabilities
(22,414)
(17,253)
Capital and reserves
Called up share capital
1
1
Profit and loss account
(22,415)
(17,254)
Shareholders' funds
(22,414)
(17,253)
For the year ending 31 December 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 11 March 2026 and were signed on its behalf by
ANDREW CLATWORTHY Director Company Registration No. 13058158
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Chynance Holdings Ltd Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Chynance Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 13058158. The registered office is 2 KING MARK HOUSE, STRET CONSTANTINE, NEWQUAY, CORNWALL, TR7 1GF, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Reducing balance
Going concern
The financial statements have been prepared on a going concern basis. At the balance sheet date the Company had net liabilities of £22,414 (2024: £17,253 ). The director has considered the Company’s financial position and its ability to continue to meet its liabilities as they fall due. The Company’s principal asset comprises investment property which is held for long-term capital appreciation and rental income. The director considers that the underlying value of this property significantly exceeds the Company’s current liabilities and therefore provides a strong asset base supporting the Company’s financial position. The director has prepared cash flow forecasts for a period of at least 12 months from the date of approval of these financial statements. These forecasts demonstrate that the Company is expected to have sufficient financial resources to meet its obligations as they fall due. Where necessary, the director has indicated their willingness to provide ongoing financial support to the Company to enable it to meet its liabilities. Based on the above considerations, the director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
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Chynance Holdings Ltd Notes to the Accounts for the year ended 31 December 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 January 2025
2,832
40,500
1,582
44,914
At 31 December 2025
2,832
40,500
1,582
44,914
Depreciation
At 1 January 2025
1,637
17,719
781
20,137
Charge for the year
299
5,695
199
6,193
At 31 December 2025
1,936
23,414
980
26,330
Net book value
At 31 December 2025
896
17,086
602
18,584
At 31 December 2024
1,195
22,781
801
24,777
5
Investment property
2025
£
Fair value at 1 January 2025
100,193
At 31 December 2025
100,193
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
350
399
Trade creditors
1,141
-
1,491
399
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Loans from directors
140,147
142,843
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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