CHOPOVA LOWENA LIMITED


Directors	CHOPOVA, Emma
	LOWENA-IRONS, Laura Louise


Registered Address	Unit 1 6 Durham Yard
	London
	E2 6QF


Registered Number	10754754 (England and Wales)

Notes to the Financial Statements
for the year ended 31 May 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Defined contribution pension plan
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in other creditors in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Office equipment is depreciated at 15%-33%, reducing balance. Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

Tangible fixed assets and depreciation

Office equipment is depreciated at 15%-33%, reducing balance.

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete the sale. The impairment loss is recognised immediately in the Income Statement

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	11		11

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 June 25	21,487	21,487
Additions	3,091	3,091
At 31 May 26	24,578	24,578
Depreciation and impairment
At 01 June 25	9,616	9,616
Charge for year	2,232	2,232
At 31 May 26	11,848	11,848
Net book value
At 31 May 26	12,730	12,730
At 31 May 25	11,871	11,871

4.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 June 25	127	127
At 31 May 26	127	127
Net book value
At 31 May 26	127	127
At 31 May 25	127	127

	Notes
	¹Investments in group undertakings and participating interests

5.	Stocks

	2026	2025
	£	£
Finished goods	350,000	243,486
Total	350,000	243,486

6.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	367,490	609,445
Amounts owed by group undertakings	61,000	10,000
Other debtors	53,588	338
Total	482,078	619,783

7.	Creditors: amounts due within one year

	2026	2025
	£	£
Bank borrowings and overdrafts	47,001	34,803
Taxation and social security	38,607	28,074
Other creditors	530,675	278,534
Accrued liabilities and deferred income	4,680	7,784
Total	620,963	349,195

8.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	-	219,666
Total	-	219,666

9.	Provisions for liabilities
	The provision for deferred tax is made up of £3,100 (2025 - £2,900) in respect of accelerated capital allowances.

	2026	2025
	£	£
Net deferred tax liability (asset)	3,100	2,900
Total	3,100	2,900

10.	Other commitments
	At 31 May 2026 the company had future minimum lease payments under non-cancellable operating leases of £160,417 (2025 - £6,200).

11.	Related party transactions
	During the year the directors had a loan account with the company. At the balance sheet date, the company owed the directors £234,275 (2025 - £236,585). This loan is unsecured, interest free and repayable upon demand. The company has taken advantage of the small group exemptions not to disclose transactions with wholly owned group companies.

12.	Parent-subsidiary relationships
	The company, and the group headed by it, qualify as a small group as such the parent and the group are exempt from producing group accounts.

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		12,730		11,871
Investments	4		127		127
			12,857		11,998
Current assets
Stocks	5	350,000		243,486
Debtors	6	482,078		619,783
Cash at bank and on hand		-		300
		832,078		863,569
Creditors amounts falling due within one year	7	(620,963)		(349,195)
Net current assets (liabilities)			211,115		514,374
Total assets less current liabilities			223,972		526,372
Creditors amounts falling due after one year	8		-		(219,666)
Provisions for liabilities	9		(3,100)		(2,900)
Net assets			220,872		303,806
Capital and reserves
Called up share capital			100		100
Profit and loss account			220,772		303,706
Shareholders' funds			220,872		303,806