Chinook Ac Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11800925 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST FEBRUARY 2019 TO 30TH JUNE 2019

FOR

CHINOOK AC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Dr R Al Chalabi

Dr F Meng

G T Karachuk

REGISTERED OFFICE:

No 1 Nottingham Science Park

Jesse Boot Avenue

Nottingham

Nottinghamshire

NG7 2RU

REGISTERED NUMBER:

11800925 (England and Wales)

ACCOUNTANTS:

Watergates Ltd

109 Coleman Road

Leicester

LE5 4LE

FIXED ASSETS

Investments

3

10

CURRENT ASSETS

Debtors

4

7,692

Cash at bank

10

7,702

CREDITORS

Amounts falling due within one year

5

(10

)

NET CURRENT ASSETS

7,692

TOTAL ASSETS LESS CURRENT LIABILITIES

7,702

CAPITAL AND RESERVES

Called up share capital

10

Retained earnings

7,692

7,702

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30th 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 31st March 2020 and were signed on its behalf by:

Dr F Meng - Director

1.	STATUTORY INFORMATION

Chinook Ac 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.

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 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.

INVESTMENTS IN SUBSIDIARIES

Investments in subsidiary undertakings are recognised at cost.

TAXATION

Taxation for the period 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 period 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.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

Additions

10

At 30th June 2019

10

NET BOOK VALUE

At 30th June 2019

10

Country of incorporation

Principal activity

Class and percentage of shares held by Company

Subsidiary undertakings

Activated Carbon Innovation Limited

United Kingdom

Renewable energy solutions

Ordinary 100%

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

7,692

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

10

6.	OTHER FINANCIAL COMMITMENTS

There is a fixed and floating charge over the assets of the company in favour of HWSIL Finance Co

Limited in lieu of loans and any accrued interest given to Chinook Sciences Limited, a fellow subsidiary.

7.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102

'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related

party transactions with wholly owned subsidiaries within the group.

It is the opinion of the directors that there are no members of key management personnel other than

the directors themselves.

All transactions are conducted on an arm's length basis.

8.	ULTIMATE CONTROLLING PARTY

The company's ultimate parent company and controlling party is Chinook Sciences Holdings Limited, a

company incorporated in the United Kingdom. Accounts of Chinook Sciences Holdings Limited can be

obtained from No. 1 Nottingham Science Park, Jesse Boot Avenue, University Boulevard, Nottingham,

NG7 2RU.