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Contents CHAPS Accountancy Services - Due Diligence Introduction ...............Page 2 Due Diligence: A Crucial Prerequisite for Informed Decisions.......................Page 3 CHAP Accountancy Services Certificate of Incorporation......................Page 5 - 13 CHAPS Accountancy Services Company Information............................Page 14 - 16 CHAPS VAT Certificate.......................................................................................Page 17 CHAPS Insurance Policy.............................................................................Page 18 - 19 CHAPS Accounting Services Certificates .................................................Page 20- 22 CHAPS Accounting Services Bank Details.......................................................Page 24 CHAPS Accounting Services Address...............................................................Page 25 E: support@gocas.co.uk T: 01543 212 016 (24/7) W: www.gocas.co.uk
CHAPS Accountancy ServicesDue Diligence Introduction
Introduction
A stitch in time saves nine. This old adage holds particularly true in the realm of financial transactions, business deals, and legal matters. At CHAPS Accountancy services, that crucial 'stitch' comes in the form of 'Due Diligence', a rigorous process that aids in making informed decisions. Thorough due diligence practices encompass enhanced due diligence, payment screening, and identity verification among others to prevent various financial crimes.
Why do we need Due Diligence?
Due diligence is a meticulous process conducted to gather information, assess risks, and make informed decisions before entering into agreements or transactions.
It involves thoroughly reviewing financial records, regulatory compliance, operational processes, and other relevant data to identify potential risks and benefits. The primary purpose of due diligence is to mitigate risks, ensure legal compliance, and contribute to effective decision-making by providing a detailed understanding of the matter at hand.
There are various types of due diligence, including financial due diligence for assessing a company's financial health, legal due diligence for reviewing legal aspects, and operational due diligence for evaluating operational capabilities
Due diligence plays a crucial role in Mergers and Acquisitions (M&A) by helping acquirers understand the target company's value and structure the deal efficiently. It is also essential in real estate transactions for verifying ownership, assessing property conditions, and analysing investment profitability.
By conducting thorough due diligence, individuals and businesses can prevent unexpected surprises, minimise risks, and make informed decisions that align with their goals and protect their interests.
CHAPS Accountancy Services - Due Diligence Introduction Continued... 2
Due Diligence: A Crucial
Prerequisite for Informed Decisions
Understanding Due Diligence
Due diligence is an investigative process carried out by individuals or businesses to confirm the facts and assess the potential risks before entering into an agreement or a transaction. It can involve a variety of tasks, such as reviewing financial records, understanding regulatory compliance, or examining the operational processes of a business.
The Underlying Rationale
The central premise of due diligence is the exercise of care that a reasonable person is expected to take before entering into an agreement or a contractual obligation.
Financial Due Diligence
Financial due diligence involves a thorough analysis of a company's financials, including assets, liabilities, income, and expenses. It serves to validate the company's financial health and growth prospects.
Legal Due Diligence
Legal due diligence entails the review of all legal aspects of a company. It includes assessing contracts, intellectual property, employment laws, and potential litigation.
Operational Due Diligence
Operational due diligence examines the operational aspects of a company, such as the quality of management, IT systems, and production capabilities. It aims to understand whether the company's operations can sustain and propel its business model
Prevention: Mitigating Risks through Due Diligence
Through careful evaluation of potential risks, due diligence acts as a preventive measure that mitigates risks. It minimizes the chances of encountering unexpected surprises post the agreement or transaction, thereby serving as an insurance policy against uninformed decision-making.
Looking ahead, we can anticipate that due diligence will increasingly leverage technology. With the advent of artificial intelligence and machine learning, future due diligence processes could become more streamlined, accurate, and efficient, shaping the future of informed decision-making.
The Indispensable Role of Due Diligence
Due diligence is a crucial component in a myriad of fields, particularly where significant financial transactions or agreements are involved. It serves as a protective shield that ensures informed decision-making and minimizes risks associated with such dealings. By adopting a systematic approach to due diligence, businesses and individuals can safeguard their interests and make confident strides towards their goals.
Chaps Accountancy Services ensure all Due Diligence is current with all legal & Financial guidelines – We always say do not just judge ourselves on how we look after your businesss, also judge us on how we treat our own business
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CERTIFICATE OF INCORPORATION OF A PRIVATE LIMITED COMPANY
Company Number
15220650
CHAPS ACCOUNTANCY SERVICES LTD
The Registrar of Companies for England and Wales, hereby certifies that is this day incorporated under the Companies Act 2006 as a private company, that the company is limited by shares, and the situation of its registered office is in England and Wales
Given at Companies House, Cardiff, on 18th October 2023
*N152206508*
FILE COPY
The above information was communicated by electronic means and authenticated by the Registrar of Companies under section 1115 of the Companies Act 2006 4
IN01(ef)
Company
Company
Situation of Registered Office: Proposed Registered Office Address: Received
69201 18/10/2023
CHAPS ACCOUNTANCY SERVICES LTD Private (Ltd by
XCEFH0IB 696 YARDLEY WOOD ROAD BIRMINGHAM UNITED KINGDOM B13 0HY Electronically filed document for Company Number: 15220650 5
Application to register a company Sic Codes:
Name in full:
Type:
for filing in Electronic Format on the: I wish to entirely adopt the following model articles:
Private company limited by shares England and Wales
Shares)
Proposed Officers
Company
The subscribers confirm that the person named has consented to act as a director.
Director 1 Date of Birth: Occupation: Type: Full Forename(s): Surname: Former Names: Service Address: Country/State Usually Resident: Nationality: **/01/1986 MANAGING DIRECTOR Person MISS RACHEL JOANNE DEAKIN recorded as Company's registered office UNITED KINGDOM BRITISH
Electronically filed document for Company Number: 15220650 6
FULL RIGHTS REGARDING VOTING, PAYMENT OF DIVIDENDS AND DISTRIBUTIONS
Statement of Capital (Totals)
Currency:
Class of Shares: Currency: Prescribed particulars Number allotted Aggregate nominal value: Total number of shares:
Statement of Capital (Share Capital)
Total
Total aggregate unpaid: GBP ORDINAR Y GBP 1 1 1 1 0
aggregate nominal value:
Electronically filed document for Company Number: 15220650 7
Initial Shareholdings
Name: Address Class of Shares: Number of shares: Currency: Nominal value of each share: Amount unpaid: Amount paid: RACHEL DEAKIN 696 YARDLEY WOOD ROAD BIRMINGHAM UNITED KINGDOM B13 0HY ORDINARY 1 GBP 1 0 1 Electronically filed document for Company Number: 15220650 8
Persons with Significant Control (PSC)
Statement of initial significant control
On incorporation, there will be someone who will count as a Person with Significant Control (either a registerable person or relevant legal entity (RLE)) in relation to the company
Electronically filed document for Company Number: 15220650 9
Names:
Individual Person with Significant Control details
Country/State Usually Resident:
MISS RACHEL JOANNE DEAKIN
UNITED KINGDOM
Date of Birth:**/01/1986Nationality:BRITISH
Service address recorded as Company's registered office
The subscribers confirm that each person named as an individual PSC in this application knows that their particulars are being supplied as part of this application
Nature of control
Nature of control
Nature of control
The person holds, directly or indirectly, 75% or more of the voting rights in the company
The person holds, directly or indirectly, 75% or more of the shares in the company. The person has the right, directly or indirectly, to appoint or remove a majority of the board of directors of the company.
Electronically filed document for Company Number: 15220650
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Statement of Compliance
I confirm the requirements of the Companies Act 2006 as to registration have been complied with
Authenticated YES
Authorisation
Authoriser Designation: Authenticated
subscriber YES
Name:RACHEL DEAKIN
End of Electronically filed document for Company Number: 15220650 11
12
Details of Officers of the Company
Director 2: Director 1: Name: Date of birth: Nationality: Occupation: Bir mingham United Kingdom B13 0HY Company name: Company number: 696 Yardley Wood Road Registered office address Principal Business Activities: SIC Codes 69201 Expected date of next Confirmation Statement: CompanyType: PrivateLimitedCompany 17/10/2024 Miss Rachel Joanne DEAKIN 01/01/1986 British Managing Director Accounting and auditing activities Single Alternative Inspection Lo No address registered CHAPS ACCOUNTANCY SERVICES LTD 15220650 This
10/04/2024. (This
Address: cation Bir mingham United Kingdom B13 0HY 696 Yardley Wood Road
Details
Company Information for Company Number 15220650
is a summary of your company information held at Companies House on
report cannot be submitted to Companies House)
Company
1 13
Details of People with Significant Control (PSC)
The person holds, directly or indirectly, 75% or more of the shares in the company
The person holds, directly or indirectly, 75% or more of the voting rights in the company.
The person holds the right, directly or indirectly, to appoint or remove a majority of the board of directors of the company
PSC Statements
There are currently no persons with significant control statements registered.
Nationality : Occupation : PSC 1: Name: Date of birth: Nationality: Name: Date of birth: Nature of control: Mr Antony FRANCIS 30/05/1968 Rachel Joanne Deakin 01/01/1986 British British Management Accountant
Address: Address:
Bir mingham England B13 0HY Bir mingham United Kingdom B13 0HY 696 Yardley Wood Road
696 Yardley Wood Road Yardley Wood Road
Share Capital PSCs
2 14
Prescribed particulars:
Full Details of Shareholders
(This report cannot be submitted to Companies
Name: Shareholding1: Rachel DEAKIN Currency: Number of shares: Aggregate nominal value of issued shares: Total aggregate amount unpaid: 1 Ordinary Shares held GBP 1 1 0
Shareclass: Ordinary SharesIssued: 1 Totalaggregatevalueofsharesissued: 1
House)
FULL RIGHTS REGARDING VOTING, PAYMENT OF DIVIDENDS AND DISTRIBUTIONS
3 15
Your VAT Certificate
About your registration
About the business
Business name
VAT Return dates VAT
Return details
registration
(VRN) Registration date Certificate date
name Business type Trade classification (SIC code) Principal place of business address 458751063 2 February 2024 10 April 2024 CHAPS ACCOUNTANCY SERVICES L TD Not provided UK Company (with UK establishment) 69201 696 Yardley Wood Road Birmingham B13 0HY March, June, September and December
number
Trading
HMRC (opens in a new tab) (/ask-hmrc/chat/vat-online?ds) 16
Ask
Insurance Policy for Professionals
Page 1 Markel International Insurance Company Limited
Policy Schedule – Effective Date 09-Feb-2024 Legal Expenses Limit Policy Number Policyholder Addres s Period of Insurance Premi um Total Payable Employer's Liability Limit Applicable Courts Professional Indemnity Limit Excess Applicable Courts Employment disputes Employment compensation awards Property and landlord and tenant disputes Criminal defence (Interview under caution)
for each claim UK CD91647 CHAPS Accountancy services l td 696 Yardley Wood Road, Birmingham, B13 0HY 09-Feb-2024 to 08-Feb-2025 (both
£684.00 (+ IPT @ 12.00% = £82.08) £766 08 £100,000 for each claim £250 applicable
Worldwide Exc USA/Canada Public Liability (including Products Liability) Limit £1,000,000foreachclaimbutinrespectofProductsLiability, £1,000,000 in total for
I
Excess £250applicabletoeachthirdpartypropertyclaim ApplicableCourts UK £100,000
£100,000 £100,000 £100,000 £100,000 £2,500 17
£10,000,000
dates inclusive)
to each claim excluding defence costs
all claims occurring during the Period of
ns urance
in total for all claims made during the Period of Insurance
Tax protection
(Aspect enquiry)
(Current tax year enquiry)
Regulatory compliance
Court Attendance costs
Employee extra protection
Restrictive covenant cover
Negotiation cover
Contract disputes
The total for all claims occurring during the Period of Insurance
Excess for our choice of representative: Tax protection (Aspect enquiry)
Contract disputes
Excess for your choice of representative:
Property and landlord and tenant disputes
Criminal defence
Regulatory compliance
Employee extra protection
Restrictive covenant cover Contract disputes Excess for all other sections Applicable Courts
sum in dispute
D ate : Signed: 09-Feb-2024
Page 2 Markel International Insurance Company Limited
Minimum
£1,00 0 £500 £100,000 £100,000 £1,000 £100,000 £1,000 £100,000 £100,000 £5,000 £100,000 £1,000,000 Director of Underwriting, National Markets UK £1,000 £1,000 £1,000 £1,000 £1,000 £2,000 £0 England, Scotland, Wales and Northern I rel and Contract Disputes - £1,000 18
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Chaps Accountancy Services Ltd Employer PAYE reference 120/NE76120 Accounts Office reference 120PQ03144668 Cash Plus Bank Account Sort Code: 08-71-99 Account Number: 11487582 Trilogy Bank Account Sort Code: 60-83-70 Account Number: 41784456 22
Suite 3 Trinity House 33A Market street Lichfield Staffordshire WS13 6LA TEL: 01543212-016 E-Mail: admin@gocas.co.uk CHAPS Accounting Services Ltd Registered No.15220650 VAT: 458751063 England and Wales 23
E: support@gocas.co.uk T: 01543 212 016 (24/7) W: www.gocas.co.uk
