Registered number
09719532
Charlton Capital Ltd
Filleted Accounts
31 March 2022
Charlton Capital Ltd
Registered number: 09719532
Balance Sheet
as at 31 March 2022
Notes 2022 2021
£ £
Fixed assets
Investments 3 477,182 477,182
Current assets
Investments held as current assets 4 850,000 750,000
Cash at bank and in hand 9,168 5,540
859,168 755,540
Creditors: amounts falling due within one year 5 (969,984) (914,127)
Net current liabilities (110,816) (158,587)
Net assets 366,366 318,595
Capital and reserves
Called up share capital 10 10
Profit and loss account 366,356 318,585
Shareholders' funds 366,366 318,595
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Nalin Lalji Shah
Director
Approved by the board on 14 September 2022
Charlton Capital Ltd
Notes to the Accounts
for the year ended 31 March 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rents receivable on the investment property of the company.
Investment property
Investment properties are held to earn rental income and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on a ongoing basis are measured at a fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit or loss in the period in which they arise.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 1 1
3 Investments
Other
investments
£
Cost
At 1 April 2021 477,182
At 31 March 2022 477,182
4 Investments held as current assets 2022 2021
£ £
Fair value
Loans advanced 850,000 750,000
5 Creditors: amounts falling due within one year 2022 2021
£ £
Director's Loan 953,282 843,239
Rent received in advance 3,125 3,125
Bank loans and overdrafts - 50,000
Taxation and social security costs 13,078 10,993
Other creditors 499 6,770
969,984 914,127
6 Other information
Charlton Capital Ltd is a private company limited by shares and incorporated in England. Its registered office is:
221 Charlton Road
Harrow
Middlesex
HA3 9HT
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