REGISTERED NUMBER: 04702621 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Chryssaphes Associates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr H Chryssaphes

REGISTERED OFFICE:

C/O City Chartered Accountants

Suite 540, 5th Floor, Linen Hall

162-168 Regent Street

London

W1B 5TF

REGISTERED NUMBER:

04702621 (England and Wales)

ACCOUNTANTS:

City, Chartered Accountants

Suite 540, 5th Floor,

Linen Hall

162- 168 Regent Street

London

W1B 5TF

FIXED ASSETS

Intangible assets

4

100,000

100,000

Tangible assets

5

372

484

100,372

100,484

CURRENT ASSETS

Debtors

6

41,595

62,238

CREDITORS

Amounts falling due within one year

7

(97,014

)

(141,484

)

NET CURRENT LIABILITIES

(55,419

)

(79,246

)

TOTAL ASSETS LESS CURRENT LIABILITIES

44,953

21,238

CREDITORS

Amounts falling due after more than one year

8

(11,667

)

(16,667

)

NET ASSETS

33,286

4,571

CAPITAL AND RESERVES

Called up share capital

2

2

Revaluation reserve

9

50,000

50,000

Other reserves

70,000

-

Retained earnings

(86,716

)

(45,431

)

SHAREHOLDERS' FUNDS

33,286

4,571

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 November 2025 and were signed by:

Mr H Chryssaphes - Director

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Database

The net book value of the database was deemed to be equal to its market value at the year-end and therefore has not been amortised.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

25% on reducing balance

Furniture

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate. No pension contributions were made during the current or prior year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

Goodwill

(Database)

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

80,000

100,000

180,000

AMORTISATION

At 1 April 2024

and 31 March 2025

80,000

-

80,000

NET BOOK VALUE

At 31 March 2025

-

100,000

100,000

At 31 March 2024

-

100,000

100,000

5.	TANGIBLE FIXED ASSETS

Office

equipment

Furniture

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

15,809

1,852

17,661

DEPRECIATION

At 1 April 2024

15,340

1,837

17,177

Charge for year

108

4

112

At 31 March 2025

15,448

1,841

17,289

NET BOOK VALUE

At 31 March 2025

361

11

372

At 31 March 2024

469

15

484

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

-

27,216

Rent deposit

3,217

8,029

VAT

362

-

Deferred tax asset

36,294

22,741

Prepayments

1,722

4,252

41,595

62,238

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

52,147

54,615

Trade creditors

1,212

4,832

VAT

-

5,884

Director's current account

40,038

60,788

Accrued expenses

3,617

15,365

97,014

141,484

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

11,667

16,667

In May 2020, the Company took advantage of a Bounce Back loan of £50,000 from Barclays Bank. The loan is 100% backed by HM Government and was offered as part of their response to the Covid-19 pandemic. The loan had an initial term of 6 years, which has been extended to 7 years. Repayments by instalment started in December 2021. Consequently, part of this loan is disclosed as a creditor due after more than one year.

9.

RESERVES

Revaluation

reserve

£

At 1st April 2022

and 31st March 2023

50,000

10.	RELATED PARTY DISCLOSURES

At the year end, the Company owed the director, Mr H Chryssaphes £110,038 (2024: £60,787).

11.	GOING CONCERN

The Company is dependent on the ongoing financial support of its sole director and shareholder. The director has confirmed that they will continue to provide such support as is necessary and will not seek repayment of any significant part of their director's loan until the company has sufficient funds to do so without detriment to its financial position.

On this basis, the director considers that the company will be able to meet its liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements. Accordingly, the financial statements have been prepared on a going concern basis.