Cho Oyu Capital Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09022786

Unaudited Financial Statements for the Year Ended 31 May 2018

for

Cho Oyu Capital Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B J Thapa

REGISTERED OFFICE:

44-46 Kenway Road

London

SW5 0RA

REGISTERED NUMBER:

09022786

ACCOUNTANTS:

Elver Consultancy Limited

Chartered Accountant

1st Floor Offices

Ashton-in-Makerfield

Wigan

Greater Manchester

WN4 9AG

FIXED ASSETS

Tangible assets

4

101

682

CURRENT ASSETS

Debtors

5

41,640

22,195

Cash at bank

210

763

41,850

22,958

CREDITORS

Amounts falling due within one year

6

24,851

16,297

NET CURRENT ASSETS

16,999

6,661

TOTAL ASSETS LESS CURRENT LIABILITIES

17,100

7,343

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

17,099

7,342

SHAREHOLDERS' FUNDS

17,100

7,343

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 15 February 2019 and were signed by:

B J Thapa - Director

1.	STATUTORY INFORMATION

Cho Oyu Capital Limited is a private company, limited by shares , registered in Not

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 1 ).

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 June 2017

and 31 May 2018

2,068

DEPRECIATION

At 1 June 2017

1,386

Charge for year

581

At 31 May 2018

1,967

NET BOOK VALUE

At 31 May 2018

101

At 31 May 2017

682

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

£

Other debtors

41,640

22,195

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

£

Trade creditors

1

-

Taxation and social security

21,613

16,297

Other creditors

3,237

-

24,851

16,297

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.18

31.5.17

value:

£

£

10

Ordinary

0.10

1

1

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

31 May 2018 and 31 May 2017:

31.5.18

31.5.17

£

£

B J Thapa

Balance outstanding at start of year

22,195

5,593

Amounts advanced

90,175

82,480

Amounts repaid

(90,730

)

(65,878

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

21,640

22,195