Change Holdings Limited Filleted accounts for Companies House (small and micro)

CHANGE HOLDINGS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 11642572

Change Holdings Limited

Filleted Unaudited Financial Statements

31 October 2020

Change Holdings Limited

Statement of Financial Position

31 October 2020

	2020	2019
Note	£	£

Current assets

Cash at bank and in hand	15,599	100

Creditors: amounts falling due within one year	4	41,436	–
		--------	----
Net current (liabilities)/assets		( 25,837)	100
		--------	----
Total assets less current liabilities		( 25,837)	100

Creditors: amounts falling due after more than one year	5	50,000	–
		--------	----
Net (liabilities)/assets		( 75,837)	100
		--------	----

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 75,937)	–
	--------	----
Shareholders (deficit)/funds	( 75,837)	100
	--------	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 October 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 21 July 2021 , and are signed on behalf of the board by:

Mr Raven
Director

Company registration number: 11642572

Change Holdings Limited

Notes to the Financial Statements

Year ended 31 October 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Kingfisher House, Hurstwood Lane, Haywards Heath, RH177QX, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Creditors: amounts falling due within one year

	2020	2019
	£	£
Trade creditors	13,937	–
Amounts owed to group undertakings and undertakings in which the company has a participating interest	18,485	–
Social security and other taxes	8,816	–
Other creditors	198	–
	--------	----
	41,436	–
	--------	----

5. Creditors: amounts falling due after more than one year

	2020	2019
	£	£
Bank loans and overdrafts	50,000	–
	--------	----

6. Controlling party

The company is controlled by Raven who is the sole director and shareholder.