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Registration number: 05061895

Charlecote Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2018

mca business Ltd
Greenway House
Sugarswell Business Park
Shenington
Banbury
Oxon
OX15 6HW

 

Charlecote Ltd

Contents

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Financial Statements

4 to 7

 

Charlecote Ltd

Company Information

Directors

Mrs Caron Marsh

Mr Adrian John George Marsh

Company secretary

Mrs Caron Marsh

Registration number

05061895

Registered office

Greenway House
Sugarswell Business Park
Shenington
Banbury
Oxfordshire
OX15 6HW

Accountants

mca business Ltd
Greenway House
Sugarswell Business Park
Shenington
Banbury
Oxon
OX15 6HW

 

Charlecote Ltd

(Registration number: 05061895)
Balance Sheet as at 31 March 2018

Note

2018
£

2017
£

Fixed assets

 

Tangible assets

3

5,549

5,542

Investments

4

100

100

 

5,649

5,642

Current assets

 

Debtors

5

5,456

4,376

Cash at bank and in hand

 

16,222

8,329

 

21,678

12,705

Creditors: Amounts falling due within one year

6

(26,832)

(17,913)

Net current liabilities

 

(5,154)

(5,208)

Net assets

 

495

434

Capital and reserves

 

Called up share capital

600

600

Capital redemption reserve

600

600

Profit and loss account

(705)

(766)

Total equity

 

495

434

For the financial year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 8 November 2018 and signed on its behalf by:
 

Mrs Caron Marsh

Company secretary and director

 

Charlecote Ltd

Statement of Changes in Equity for the Year Ended 31 March 2018

Share capital
£

Capital redemption reserve
£

Profit and loss account
£

Total
£

At 1 April 2016

600

600

11,926

13,126

Profit for the year

-

-

11,337

11,337

Total comprehensive income

-

-

11,337

11,337

Dividends

-

-

(24,029)

(24,029)

At 31 March 2017

600

600

(766)

434

Share capital
£

Capital redemption reserve
£

Profit and loss account
£

Total
£

At 1 April 2017

600

600

(766)

434

Profit for the year

-

-

19,061

19,061

Total comprehensive income

-

-

19,061

19,061

Dividends

-

-

(19,000)

(19,000)

At 31 March 2018

600

600

(705)

495

 

Charlecote Ltd

Notes to the Financial Statements for the Year Ended 31 March 2018

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Revenue recognition

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer Equipment

33% reducing balance

Fixtures, fittings & equipment

15% reducing balance

Plant & Machinery

12.5% straight line

Investment property

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Defined contribution pension obligation

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

 

Charlecote Ltd

Notes to the Financial Statements for the Year Ended 31 March 2018

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is
presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

 
 

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2017 - 2).

 

Charlecote Ltd

Notes to the Financial Statements for the Year Ended 31 March 2018

3

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2017

16,346

5,200

21,546

Additions

1,291

-

1,291

At 31 March 2018

17,637

5,200

22,837

Depreciation

At 1 April 2017

14,704

1,300

16,004

Charge for the year

634

650

1,284

At 31 March 2018

15,338

1,950

17,288

Carrying amount

At 31 March 2018

2,299

3,250

5,549

At 31 March 2017

1,642

3,900

5,542

4

Investments

Subsidiaries

£

Cost or valuation

At 1 April 2017

100

Provision

Carrying amount

At 31 March 2018

100

At 31 March 2017

100

5

Debtors

2018
£

2017
£

Trade debtors

5,030

4,376

Prepayments

301

-

Other debtors

125

-

5,456

4,376

 

Charlecote Ltd

Notes to the Financial Statements for the Year Ended 31 March 2018

6

Creditors

Creditors: amounts falling due within one year

2018
£

2017
£

Due within one year

Trade creditors

15,775

9,699

Taxation and social security

4,840

2,736

Accruals and deferred income

1,975

2,500

Other creditors

4,242

2,978

26,832

17,913

7

Dividends

Interim dividends paid

   

2018
£

 

2017
£

Interim dividend of £31.66 (2017 - £40.05) per each Ordinary share

 

19,000

 

24,029

         

8

 

The company is controlled by the directors who own 100% of the called up share capital.