Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.3No description of principal activity32021-01-01truefalsetrue 01668729 2021-01-01 2021-12-31 01668729 2020-01-01 2020-12-31 01668729 2021-12-31 01668729 2020-12-31 01668729 c:Director1 2021-01-01 2021-12-31 01668729 c:Director2 2021-01-01 2021-12-31 01668729 c:Director3 2021-01-01 2021-12-31 01668729 c:RegisteredOffice 2021-01-01 2021-12-31 01668729 d:FreeholdInvestmentProperty 2021-01-01 2021-12-31 01668729 d:FreeholdInvestmentProperty 2021-12-31 01668729 d:FreeholdInvestmentProperty 2020-12-31 01668729 d:FreeholdInvestmentProperty 2 2021-01-01 2021-12-31 01668729 d:CurrentFinancialInstruments 2021-12-31 01668729 d:CurrentFinancialInstruments 2020-12-31 01668729 c:FRS102 2021-01-01 2021-12-31 01668729 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 01668729 c:FullAccounts 2021-01-01 2021-12-31 01668729 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 01668729 2 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Registered number: 01668729









CHARLIE PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

 
CHARLIE PROPERTIES LIMITED
 
 
COMPANY INFORMATION


Directors
L McManus-Andrea 
P Andrea 
C Hilliard 




Registered number
01668729



Registered office
Old Station Road
Loughton

Essex

IG10 4PL




Accountants
Haslers
Chartered Accountants

Old Station Road

Loughton

Essex

IG10 4PL





 
CHARLIE PROPERTIES LIMITED
 

CONTENTS



Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7


 
CHARLIE PROPERTIES LIMITED
REGISTERED NUMBER: 01668729

BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Financial assets
  
11,698,488
10,832,000

  
11,698,488
10,832,000

Current assets
  

Stocks
 5 
270,000
270,000

Debtors: amounts falling due within one year
 6 
137,532
178,613

Cash at bank and in hand
 7 
277,888
611,068

  
685,420
1,059,681

Creditors: amounts falling due within one year
 8 
(152,172)
(255,380)

Net current assets
  
 
 
533,248
 
 
804,301

Total assets less current liabilities
  
12,231,736
11,636,301

Provisions for liabilities
  

Deferred tax
  
(2,323,984)
(1,601,595)

  
 
 
(2,323,984)
 
 
(1,601,595)

Net assets
  
9,907,752
10,034,706

Page 1

 
CHARLIE PROPERTIES LIMITED
REGISTERED NUMBER: 01668729
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2021

2021
2020
£
£

Capital and reserves
  

Called up share capital 
  
10,000
10,000

Revaluation reserve
  
6,893,462
7,803,445

Profit and loss account
  
3,004,290
2,221,261

  
9,907,752
10,034,706


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 August 2022.




P Andrea
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
CHARLIE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Charlie Properties Limited is a private company limited by shares and incorporated in England with registration number 01668729. Its registered office is Old Station Road, Loughton, Essex, IG10 4PL.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The financial statements are presented in pound sterling which is the functional currency of the company and rounded to the nearest £.
The following principal accounting policies have been applied.

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 3

 
CHARLIE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

Page 4

 
CHARLIE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2020 - 3).


4.


Investment property


Freehold investment property

£



Valuation


At 1 January 2021
10,832,000


Additions at cost
78,488


Surplus on revaluation
788,000



At 31 December 2021
11,698,488

The 2021 valuations were made by the directors, on an open market value for existing use basis.



At 31 December 2021




Page 5

 
CHARLIE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

5.


Stocks

2021
2020
£
£

Finished goods and goods for resale
270,000
270,000

270,000
270,000



6.


Debtors

2021
2020
£
£


Trade debtors
40,913
77,604

Other debtors
50,380
42,573

Prepayments and accrued income
46,239
58,436

137,532
178,613



7.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
277,888
611,068

277,888
611,068



8.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
1,299
7,148

Corporation tax
26,839
93,502

Other taxation and social security
842
1,685

Other creditors
75,794
100,044

Accruals and deferred income
47,398
53,001

152,172
255,380


Page 6

 
CHARLIE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

9.


Related party transactions

Other debtors includes £35,560 (2020: £29,274) due from key management personnel.
Other creditors includes £62,858  (2020: £67,336)  due to key management personnel.
Key management personnel compensation in the year totals £25,272 (2020: £25,272).
Dividends paid to key management personnel in the year totals £261,985 (2020: £353,555)
 

 
Page 7