ACCOUNTS - Final Accounts

Analysis of the maturity of loans is given below:

CHENISTON CAPITAL COVENT GARDEN LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-09-302022-09-302021-10-01falseNo description of principal activity22truefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11921400 2021-10-01 2022-09-30 11921400 2020-10-01 2021-09-30 11921400 2022-09-30 11921400 2021-09-30 11921400 c:Director1 2021-10-01 2022-09-30 11921400 c:Director2 2021-10-01 2022-09-30 11921400 c:RegisteredOffice 2021-10-01 2022-09-30 11921400 d:CurrentFinancialInstruments 2022-09-30 11921400 d:CurrentFinancialInstruments 2021-09-30 11921400 d:Non-currentFinancialInstruments 2022-09-30 11921400 d:Non-currentFinancialInstruments 2021-09-30 11921400 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 11921400 d:CurrentFinancialInstruments d:WithinOneYear 2021-09-30 11921400 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 11921400 d:Non-currentFinancialInstruments d:AfterOneYear 2021-09-30 11921400 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-09-30 11921400 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2021-09-30 11921400 d:ShareCapital 2022-09-30 11921400 d:ShareCapital 2021-09-30 11921400 d:RetainedEarningsAccumulatedLosses 2022-09-30 11921400 d:RetainedEarningsAccumulatedLosses 2021-09-30 11921400 c:OrdinaryShareClass1 2021-10-01 2022-09-30 11921400 c:OrdinaryShareClass1 2022-09-30 11921400 c:OrdinaryShareClass1 2021-09-30 11921400 c:FRS102 2021-10-01 2022-09-30 11921400 c:AuditExemptWithAccountantsReport 2021-10-01 2022-09-30 11921400 c:FullAccounts 2021-10-01 2022-09-30 11921400 c:PrivateLimitedCompanyLtd 2021-10-01 2022-09-30 11921400 2 2021-10-01 2022-09-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 11921400

CHENISTON CAPITAL COVENT GARDEN LIMITED

UNAUDITED ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022

CHENISTON CAPITAL COVENT GARDEN LIMITED

CONTENTS

	Page
Company Information	1
Directors' Report	2
Accountants' Report	3
Profit and Loss Account	4
Balance Sheet	5
Notes to the Financial Statements	6 - 8

CHENISTON CAPITAL COVENT GARDEN LIMITED

COMPANY INFORMATION

Directors	M Cooke
	T Cooke


Registered number	11921400


Registered office	16 Great Queen Street
	London
	WC2B 5AH

Page 1

CHENISTON CAPITAL COVENT GARDEN LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2022

The directors present their report and the financial statements for the year ended 30 September 2022.

Directors

The directors who served during the year were:

M Cooke

T Cooke

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf.

T Cooke

Director

Date: 30 June 2023

Page 2

CHENISTON CAPITAL COVENT GARDEN LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CHENISTON CAPITAL COVENT GARDEN LIMITED
FOR THE YEAR ENDED 30 SEPTEMBER 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cheniston Capital Covent Garden Limited for the year ended 30 September 2022 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

We have carried out this engagement in accordance with technical guidance issued by the Institute of Chartered Accountants in England and Wales (ICAEW) and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

It is your duty to ensure that Cheniston Capital Covent Garden Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the company's assets, liabilities, financial position and profit. You consider that Cheniston Capital Covent Garden Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Cheniston Capital Covent Garden Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Use of our report
This report is made solely to the Board of Directors of Cheniston Capital Covent Garden Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Cheniston Capital Covent Garden Limited and state those matters that we have agreed to state to them in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cheniston Capital Covent Garden Limited and its Board of Directors, as a body, for our work or for this report.

Blick Rothenberg Limited

Chartered Accountants

16 Great Queen Street

Covent Garden

London

WC2B 5AH

30 June 2023

Page 3

CHENISTON CAPITAL COVENT GARDEN LIMITED

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 30 SEPTEMBER 2022

	2022	2021
Note	£	£


Turnover	-	3,475,000
Cost of sales	-	(2,404,955)
Gross profit	-	1,070,045
Administrative expenses	(3,979)	(31,518)
Operating (loss)/profit	(3,979)	1,038,527
Interest receivable and similar income	10,366	-
Interest payable and similar expenses	(2,317)	(50,288)
Profit before tax	4,070	988,239
Tax on profit	-	(178,476)
Profit for the financial year	4,070	809,763

There are no items of other comprehensive income for 2022 or 2021 other than the profit for the year. As a result, no separate Statement of Comprehensive Income has been presented.

The notes on pages 6 to 8 form part of these financial statements.

Page 4

REGISTERED NUMBER:11921400

CHENISTON CAPITAL COVENT GARDEN LIMITED

BALANCE SHEET

AS AT 30 SEPTEMBER 2022

		2022		2021
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	984,073		1,399,541
Cash at bank and in hand		8,672		108,105
		992,745		1,507,646
Creditors: amounts falling due within one year	5	(186,543)		(697,002)
Net current assets			806,202		810,644
Total assets less current liabilities			806,202		810,644
Creditors: amounts falling due after more than one year	6		(41,489)		(50,000)

Net assets			764,713		760,644

Capital and reserves
Called up share capital	100	100
Profit and loss account	764,613	760,544
	764,713	760,644

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

T Cooke

Director

Date: 30 June 2023

The notes on pages 6 to 8 form part of these financial statements.

Page 5

CHENISTON CAPITAL COVENT GARDEN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022

1.	General information

Cheniston Capital Covent Garden Limited is a private company limited by shares and registered in England and Wales. Its registered office is 16 Great Queen Street, London, England, WC2B 5AH.
The financial statements are presented in Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the company has transferred the significant risks and rewards of ownership to the buyer;

∙the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 6

CHENISTON CAPITAL COVENT GARDEN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022

2.Accounting policies (continued)

2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).

Debtors

					2022	2021
					£	£


Other debtors	984,073	1,399,541

5.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Corporation tax	179,543	178,476
Other creditors	-	301,991
Accruals and deferred income	7,000	216,535
	186,543	697,002

6.	Creditors: Amounts falling due after more than one year
		2022	2021
		£	£

	Bounce back loan	41,489	50,000

Page 7

CHENISTON CAPITAL COVENT GARDEN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022


Amounts falling due 1-2 years
Bank loans	41,489	50,000


	41,489	50,000

8.	Share capital
		2022	2021
		£	£

Allotted, called up and fully paid

100 (2021 - 100) Ordinary share capital shares of £1.00 each	100	100

9.	Controlling party

The ultimate controlling party of the company is Cheniston Capital Limited. Its registered office is 16 Great Queen Street, London, England, WC2B 5AH.

Page 8