Company Registration No. 12879923 (England and Wales)
Challenger Operations Ltd
Unaudited accounts
for the year ended 30 September 2022
Challenger Operations Ltd
Unaudited accounts
Contents
Challenger Operations Ltd
Company Information
for the year ended 30 September 2022
Company Number
12879923 (England and Wales)
Registered Office
C/O ONECAP SUITE 16
CHILGROVE
CHICHESTER
PO18 9HU
ENGLAND
Challenger Operations Ltd
Statement of financial position
as at 30 September 2022
Tangible assets
2,071
1,974
Cash at bank and in hand
10,612
59,345
Creditors: amounts falling due within one year
(77,580)
(28,521)
Net current assets
25,135
38,174
Total assets less current liabilities
27,206
40,148
Provisions for liabilities
Called up share capital
5
10
Capital redemption reserve
5
-
Profit and loss account
26,803
40,138
Shareholders' funds
26,813
40,148
For the year ending 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 November 2023 and were signed on its behalf by
Richard Sharp
Director
Company Registration No. 12879923
Challenger Operations Ltd
Notes to the Accounts
for the year ended 30 September 2022
Challenger Operations Ltd is a private company, limited by shares, registered in England and Wales, registration number 12879923. The registered office is C/O ONECAP SUITE 16, CHILGROVE, CHICHESTER, PO18 9HU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
4
Tangible fixed assets
Plant & machinery
At 30 September 2022
3,538
At 30 September 2022
1,467
At 30 September 2022
2,071
At 30 September 2021
1,974
Challenger Operations Ltd
Notes to the Accounts
for the year ended 30 September 2022
Amounts falling due within one year
Amounts due from group undertakings etc.
92,103
-
6
Creditors: amounts falling due within one year
2022
2021
Amounts owed to group undertakings and other participating interests
(300)
-
Taxes and social security
8,334
13,098
Loans from directors
75,744
311
7
Transactions with related parties
The following material transactions with directors and shareholders have not been conducted under normal market conditions:
Interest is not being charged on the director's loans included within creditors.
The amount owed by related parties of £92,103 comprises expenses paid on behalf of the company's sister company, Frontier Operations UK Limited, secured under cross guarantees between the two companies. This balance is repayable on demand and is not chargeable to interest.
8
Average number of employees
During the year the average number of employees was 3 (2021: 3).