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Registered number: SC057204
Chamic Holdings Limited
Unaudited Financial Statements
For the Period 20 February 2025 to 19 August 2025
Philip Bald Accountancy Ltd
3B Ormiston Terrace
Edinburgh
EH12 7SJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC057204
19 August 2025 19 February 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 235,000
- 235,000
CURRENT ASSETS
Debtors 5 212,458 -
Cash at bank and in hand 143,445 21,297
355,903 21,297
Creditors: Amounts Falling Due Within One Year 6 (63,023 ) (3,259 )
NET CURRENT ASSETS (LIABILITIES) 292,880 18,038
TOTAL ASSETS LESS CURRENT LIABILITIES 292,880 253,038
PROVISIONS FOR LIABILITIES
Deferred Taxation - (23,141 )
NET ASSETS 292,880 229,897
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 292,780 229,797
SHAREHOLDERS' FUNDS 292,880 229,897
Page 1
Page 2
For the period ending 19 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Mrs C Mitchell
Director
23rd July 2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Chamic Holdings Limited is a private company, limited by shares, incorporated in Scotland, registered number SC057204 . The registered office is 27 Bankhead Drive, Edinburgh, EH11 4DN.
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:
Freehold 0%
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL (2025: NIL)
- -
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4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 20 February 2025 235,000
Disposals (235,000 )
As at 19 August 2025 -
Net Book Value
As at 19 August 2025 -
As at 20 February 2025 235,000
5. Debtors
19 August 2025 19 February 2025
£ £
Due within one year
Other debtors 212,458 -
6. Creditors: Amounts Falling Due Within One Year
19 August 2025 19 February 2025
£ £
Trade creditors 1 -
Other creditors 2,288 1,904
Taxation and social security 60,734 1,355
63,023 3,259
7. Share Capital
19 August 2025 19 February 2025
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 20 February 2025 Amounts advanced Amounts repaid Amounts written off As at 19 August 2025
£ £ £ £ £
Mrs Charlotte Mitchell - 228,957 - - -
The above loan is unsecured, interest free and repayable on demand.
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