Chainkey Limited 31/01/2023 iXBRL
Chainkey Limited 31/01/2023 iXBRL
Company registration number:
05007210
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Directors and other information
Directors |
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Secretary |
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Company number |
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Registered office |
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Accountants |
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Amba House, 4th Floor Kings Suite | ||
15 College Road | ||
Harrow | ||
Middlesex | ||
HA1 1BA | ||
Statement of financial position
31 January 2023
2023 | 2022 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Investments | 4 |
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Current assets | |||||||||
Debtors | 5 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 6 |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 7 |
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Net (liabilities)/assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account | 8 |
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Shareholders (deficit)/funds |
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Directors responsibilities:
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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;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
09 June 2023
, and are signed on behalf of the board by:
Director
Company registration number:
05007210
Statement of changes in equity
Year ended 31 January 2023
Called up share capital | Profit and loss account | Total | |||
£ | £ | £ | |||
At 1 February 2021 |
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Loss for the year |
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Total comprehensive income for the year | - |
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At 31 January 2022 and 1 February 2022 |
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Loss for the year |
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Total comprehensive income for the year | - |
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At 31 January 2023 |
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Notes to the financial statements
Year ended 31 January 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Chainkey Limited, Amba House, 4th Floor, 15 College Road, Harrow, Middlesex, HA1 1BA.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Investment property
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company 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.
4.
Investments
Other investments other than loans | Total | ||
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Cost or valuation | |||
At 1 February 2022 |
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Disposals |
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Revaluations |
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At 31 January 2023 |
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Impairment | |||
At 1 February 2022 and 31 January 2023 | - | - | |
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Carrying amount | |||
At 31 January 2023 |
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At 31 January 2022 |
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The investment property was valued by the directors of the company.
5.
Debtors
2023 | 2022 | |||
£ | £ | |||
Prepayments and accrued income |
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Other debtors |
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6.
Creditors: amounts falling due within one year
2023 | 2022 | |||
£ | £ | |||
Accruals and deferred income |
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Corporation tax |
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Social security and other taxes | - |
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Director loan accounts |
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Other creditors |
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Loan from director is interest free, unsecured and repayable on demand.
7.
Creditors: amounts falling due after more than one year
2023 | 2022 | |||
£ | £ | |||
Other creditors |
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Other creditors also includes unsecured loans from Gokani Rubins Pty Limited Vishram Trust £643,748 (2022 - £729,458) and Gokani Rubins Pty Limited Gokani Family Trust £643,748 (2022 - £729,458), both of whom are shareholders of the company. These loans have no fixed repayment terms. Interest is charged on these loans at the rate of 6.5% per annum on the cumulative balance outstanding at the end of the previous year.
8.
Reserves
Called-up share capital – represents the nominal value of shares that have been issued.Profit and loss account – includes all current and prior period retained profits and losses.
9.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | ||||
2023 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
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2022 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
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