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Registered number: 12628115
Chairsyde Video Consulting Limited
Financial Statements
For The Year Ended 31 May 2025
BBK Partnership
Chartered Accountants & Statutory Auditors
1 Beauchamp Court, 10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12628115
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 314 469
314 469
CURRENT ASSETS
Debtors 5 47,083 93,485
Cash at bank and in hand 16,648 12,789
63,731 106,274
Creditors: Amounts Falling Due Within One Year 6 (64,411 ) (72,252 )
NET CURRENT ASSETS (LIABILITIES) (680 ) 34,022
TOTAL ASSETS LESS CURRENT LIABILITIES (366 ) 34,491
Creditors: Amounts Falling Due After More Than One Year 7 (2,233,628 ) (1,081,628 )
NET LIABILITIES (2,233,994 ) (1,047,137 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (2,234,094 ) (1,047,237 )
SHAREHOLDERS' FUNDS (2,233,994) (1,047,137)
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Page 2
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.
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 K Sivanandan
Director
29/05/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Chairsyde Video Consulting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12628115 . The registered office is 1 Beauchamp Court, 10 Victors Way, Barnet, Hertfordshire, EN5 5TZ.
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. 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.
2.3. 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:
Computer Equipment 33% Reducing method
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2024: 7)
7 7
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2024 704
As at 31 May 2025 704
Depreciation
As at 1 June 2024 235
Provided during the period 155
As at 31 May 2025 390
Net Book Value
As at 31 May 2025 314
As at 1 June 2024 469
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 59,760
Other debtors 47,083 6,905
47,083 66,665
Due after more than one year
Other debtors - 26,820
47,083 93,485
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 12,452 173
Other creditors 28,224 43,680
Taxation and social security 23,735 28,399
64,411 72,252
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7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Amounts owed to participating interests 2,233,628 1,081,628
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
During the year, the Company received a non-interest-bearing loan from Sydehealth Limited, the parent company. The balance outstanding at 31 May 2025 was £2,233,628 (2024: £1,081,628). The loan is repayable on demand.
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