Registration number:
Charlecote Ltd
for the Year Ended 31 March 2018
Greenway House
Sugarswell Business Park
Shenington
Banbury
Oxon
OX15 6HW
Charlecote Ltd
Contents
Company Information |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
Charlecote Ltd
Company Information
Directors |
Mrs Caron Marsh Mr Adrian John George Marsh |
Company secretary |
Mrs Caron Marsh |
Registration number |
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Registered office |
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Accountants |
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Page 1 |
Charlecote Ltd
(Registration number: 05061895)
Balance Sheet as at 31 March 2018
Note |
2018 |
2017 |
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Fixed assets |
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Tangible assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Capital redemption reserve |
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Profit and loss account |
( |
( |
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Total equity |
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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:
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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
Mrs Caron Marsh
Company secretary and director
Page 2 |
Charlecote Ltd
Statement of Changes in Equity for the Year Ended 31 March 2018
Share capital |
Capital redemption reserve |
Profit and loss account |
Total |
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At 1 April 2016 |
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Profit for the year |
- |
- |
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Total comprehensive income |
- |
- |
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Dividends |
- |
- |
( |
( |
At 31 March 2017 |
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( |
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Share capital |
Capital redemption reserve |
Profit and loss account |
Total |
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At 1 April 2017 |
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( |
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Profit for the year |
- |
- |
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Total comprehensive income |
- |
- |
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Dividends |
- |
- |
( |
( |
At 31 March 2018 |
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( |
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Page 3 |
Charlecote Ltd
Notes to the Financial Statements for the Year Ended 31 March 2018
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
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.
Page 4 |
Charlecote Ltd
Notes to the Financial Statements for the Year Ended 31 March 2018
Financial instruments
Classification
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.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Page 5 |
Charlecote Ltd
Notes to the Financial Statements for the Year Ended 31 March 2018
Tangible assets |
Furniture, fittings and equipment |
Other tangible assets |
Total |
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Cost or valuation |
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At 1 April 2017 |
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Additions |
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- |
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At 31 March 2018 |
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Depreciation |
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At 1 April 2017 |
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Charge for the year |
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At 31 March 2018 |
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Carrying amount |
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At 31 March 2018 |
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At 31 March 2017 |
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Investments |
Subsidiaries |
£ |
Cost or valuation |
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At 1 April 2017 |
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Provision |
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Carrying amount |
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At 31 March 2018 |
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At 31 March 2017 |
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Debtors |
2018 |
2017 |
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Trade debtors |
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Prepayments |
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- |
Other debtors |
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- |
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Page 6 |
Charlecote Ltd
Notes to the Financial Statements for the Year Ended 31 March 2018
Creditors |
Creditors: amounts falling due within one year
2018 |
2017 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Dividends |
Interim dividends paid
2018 |
2017 |
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Interim dividend of £ |
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Page 7 |