Neos Chronos Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08407585 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2019

for

Neos Chronos Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T Papanikolaou

Mrs A P Trampert

REGISTERED OFFICE:

5a Frascati Way

Maidenhead

Berkshire

SL6 4UY

REGISTERED NUMBER:

08407585 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chartered Accountants

5a Frascati Way

Maidenhead

Berkshire

SL6 4UY

FIXED ASSETS

Tangible assets

4

95

378

Investments

5

30,526

16,808

30,621

17,186

CURRENT ASSETS

Debtors

6

1,825

1,828

Cash at bank

9,203

17,454

11,028

19,282

CREDITORS

Amounts falling due within one year

7

(32,519

)

(32,599

)

NET CURRENT LIABILITIES

(21,491

)

(13,317

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,130

3,869

PROVISIONS FOR LIABILITIES

(18

)

(72

)

NET ASSETS

9,112

3,797

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

9,110

3,795

SHAREHOLDERS' FUNDS

9,112

3,797

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 25 February 2020 and were signed on its behalf by:

Mr T Papanikolaou - Director

1.	STATUTORY INFORMATION

Neos Chronos 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Significant judgements and estimates

In the application of the company's accounting policies the directors are required to make

judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are

not readily apparent from other sources. The estimates and associated assumptions are based on

historical experience and other factors that are considered to be relevant. Actual results may differ

from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to

accounting estimates are recognised in the period in which the estimate is revised if the revision

affects only that period, or in the period of the revision and future periods if the revision affects

both current and future periods.

The company does not make significant estimates and assumptions concerning the future which

affect the reported position shown in the accounts.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for the provision

of services in the ordinary nature of the business. Turnover is shown net of Value Added Tax.

Revenue from the provision of services is recognised when the service is provided

Tangible fixed assets

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

Computer equipment

-

33% on cost

Tangible fixed assets are included at cost less depreciation and impairment.

Financial instruments

Basic financial instruments are recognised at amortised cost using the effective interest method,

except for investments in non-convertible preference and non-puttable preference and ordinary

shares, which are measured at fair value, with changes recognised in profit or loss. Derivative

financial instruments are initially recorded at cost and thereafter at fair value, with changes

recognised in profit and loss.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2018

and 30 June 2019

2,929

DEPRECIATION

At 1 July 2018

2,551

Charge for year

283

At 30 June 2019

2,834

NET BOOK VALUE

At 30 June 2019

95

At 30 June 2018

378

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 July 2018

16,808

Additions

6,268

Revaluations

7,450

At 30 June 2019

30,526

NET BOOK VALUE

At 30 June 2019

30,526

At 30 June 2018

16,808

Cost or valuation at 30 June 2019 is represented by:

Other

investments

£

Valuation in 2018

16,808

Valuation in 2019

13,718

30,526

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Trade debtors

1,825

150

Other debtors

-

1,678

1,825

1,828

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Trade creditors

41

160

Taxation and social security

326

-

Other creditors

32,152

32,439

32,519

32,599

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr T Papanikolaou & Mrs A P Trampert.