Chana Bros Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03551226 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2020

for

Chana Bros Ltd

Page

Statement of Financial Position

1

Notes to the Financial Statements

2

FIXED ASSETS

Property, plant and equipment

4

3,283,144

3,284,192

CURRENT ASSETS

Debtors

5

1,195

1,195

Cash at bank

357,934

289,870

359,129

291,065

CREDITORS

Amounts falling due within one year

6

529,156

522,946

NET CURRENT LIABILITIES

(170,027

)

(231,881

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,113,117

3,052,311

CAPITAL AND RESERVES

Called up share capital

600

600

Fair value reserve

2,530,279

2,530,279

Retained earnings

582,238

521,432

SHAREHOLDERS' FUNDS

3,113,117

3,052,311

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 and authorised for issue on 23 September 2021 and were signed on its behalf by:

Mr Bhupinder Singh Chana - Director

1.	STATUTORY INFORMATION

Chana Bros Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

03551226

Registered office:

88 High Road

Chigwell

Essex

IG7 6PJ

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.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	PROPERTY, PLANT AND EQUIPMENT

Freehold

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

COST

At 1 January 2020

and 31 December 2020

3,280,000

10,108

3,140

3,293,248

DEPRECIATION

At 1 January 2020

-

6,909

2,147

9,056

Charge for year

-

800

248

1,048

At 31 December 2020

-

7,709

2,395

10,104

NET BOOK VALUE

At 31 December 2020

3,280,000

2,399

745

3,283,144

At 31 December 2019

3,280,000

3,199

993

3,284,192

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Other debtors

1,195

1,195

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Taxation and social security

28,297

13,788

Other creditors

500,859

509,158

529,156

522,946