REGISTERED NUMBER:
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Chegi Ltd |
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Unaudited Financial Statements |
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for the Year Ended 28 February 2022 |
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REGISTERED NUMBER:
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Chegi Ltd |
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Unaudited Financial Statements |
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for the Year Ended 28 February 2022 |
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Chegi Ltd (Registered number: 11227771) |
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Contents of the Financial Statements |
for the year ended 28 February 2022 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Chegi Ltd |
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Company Information |
for the year ended 28 February 2022 |
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Director: |
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Registered office: |
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Registered number: |
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Accountants: |
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Chartered Accountants |
New Derwent House |
69-73 Theobalds Road |
London |
WC1X 8TA |
Chegi Ltd (Registered number: 11227771) |
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Balance Sheet |
28 February 2022 |
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2022 | 2021 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
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Investments | 5 |
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Current assets |
Debtors | 6 |
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Cash at bank |
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Creditors |
Amounts falling due within one year | 7 |
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Net current liabilities | ( |
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Total assets less current liabilities |
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( |
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Capital and reserves |
Called up share capital | 8 |
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Retained earnings |
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( |
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Shareholders' funds |
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( |
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The director acknowledges his 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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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Chegi Ltd (Registered number: 11227771) |
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Notes to the Financial Statements |
for the year ended 28 February 2022 |
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1. | Statutory information |
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Chegi Ltd is a
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2. | Accounting policies |
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Basis of preparing the financial statements |
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Going concern |
The company meets its day to day working capital requirements through the support of the director and shareholder of the company. On this basis, the director and shareholder consider it appropriate to prepare the financial statements on the going concern basis. |
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Preparation of consolidated financial statements |
The financial statements contain information about Chegi Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
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Turnover |
Turnover represents profit or loss allocation from underlying Partnerships during the year. Amounts recognised are allocated and receivable by the company, in line with each Partnership Agreement. |
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Tangible fixed assets |
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Computer equipment | - |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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Fixed asset investments |
Fixed asset investments are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in net income/(expenditure) for the year. |
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3. | Employees and directors |
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The average number of employees during the year was
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Chegi Ltd (Registered number: 11227771) |
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Notes to the Financial Statements - continued |
for the year ended 28 February 2022 |
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4. | Tangible fixed assets |
Computer |
equipment |
£ |
Cost |
At 1 March 2021 |
and 28 February 2022 |
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Depreciation |
At 1 March 2021 |
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Charge for year |
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At 28 February 2022 |
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Net book value |
At 28 February 2022 |
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At 28 February 2021 |
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5. | Fixed asset investments |
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2022 | 2021 |
£ | £ |
Shares in group undertakings |
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Loans to undertakings in which the company
has a participating interest |
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Other investments not loans |
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Additional information is as follows: |
Shares in |
group |
undertakings |
£ |
Cost |
Additions |
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At 28 February 2022 |
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Net book value |
At 28 February 2022 |
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Investments (neither listed nor unlisted) were as follows: |
2022 | 2021 |
£ | £ |
Investments of Art | 197,929 | 95,002 |
Carried | Direct/Co |
interest | investments | Totals |
£ | £ | £ |
At 1 March 2021 |
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New in year |
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Repayment in year |
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( |
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At 28 February 2022 |
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Chegi Ltd (Registered number: 11227771) |
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Notes to the Financial Statements - continued |
for the year ended 28 February 2022 |
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6. | Debtors: amounts falling due within one year |
2022 | 2021 |
£ | £ |
Other debtors |
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7. | Creditors: amounts falling due within one year |
2022 | 2021 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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£291,372 loans are in relation to loans taken out as part of underlying investments through SVB. |
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8. | Called up share capital |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2021 |
value: | £ | £ |
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Ordinary | £1 | 101 | 101 |
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9. | Director's advances, credits and guarantees |
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The following advances and credits to a director subsisted during the years ended 28 February 2022 and 28 February 2021: |
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2022 | 2021 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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10. | Related party disclosures |
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Included within other creditors is £1,740,049 (2021: £1,922,266) owed to connected companies. |