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Company Registration No. 13364410 (England and Wales)
Charma Lettings Ltd Unaudited accounts for the period from 28 April 2021 to 30 April 2022
Charma Lettings Ltd Unaudited accounts Contents
Page
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Charma Lettings Ltd Company Information for the period from 28 April 2021 to 30 April 2022
Directors
C G Spark E M Smith
Company Number
13364410 (England and Wales)
Registered Office
35 Gripps Common Cotgrave Nottingham Nottinghamshire NG12 3TF ENGLAND
Accountants
Net Accountancy Solutions Limited 35 Gripps Common Cotgrave Nottingham Nottinghamshire NG12 3TF
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Charma Lettings Ltd Statement of financial position as at 30 April 2022
2022 
Notes
£ 
Fixed assets
Investment property
105,983 
Current assets
Debtors
447 
Creditors: amounts falling due within one year
(34,865)
Net current liabilities
(34,418)
Total assets less current liabilities
71,565 
Creditors: amounts falling due after more than one year
(72,857)
Net liabilities
(1,292)
Capital and reserves
Called up share capital
2 
Profit and loss account
(1,294)
Shareholders' funds
(1,292)
For the period ending 30 April 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2022 and were signed on its behalf by
C G Spark Director Company Registration No. 13364410
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Charma Lettings Ltd Notes to the Accounts for the period from 28 April 2021 to 30 April 2022
1
Statutory information
Charma Lettings Ltd is a private company, limited by shares, registered in England and Wales, registration number 13364410. The registered office is 35 Gripps Common, Cotgrave, Nottingham, Nottinghamshire, NG12 3TF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover
Turnover is measured at the fair value of the rental income received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Going concern
The accounts have been prepared on a going concern basis on the understanding that the directors will continue to support the company financially for the foreseeable future.
4
Investment property
2022 
£ 
Additions
105,983 
At 30 April 2022
105,983 
The investment property has initially been included at it's purchase price. Going forward it will be measured at fair value, which is the open market value of the property. Any fair value adjustment will be taken through the profit & loss account.
5
Debtors: amounts falling due within one year
2022 
£ 
Debtors: amounts falling due after more than one year
Accrued income and prepayments
447 
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Charma Lettings Ltd Notes to the Accounts for the period from 28 April 2021 to 30 April 2022
6
Creditors: amounts falling due within one year
2022 
£ 
Bank loans and overdrafts
2,143 
Loans from directors
32,122 
Accruals
600 
34,865 
7
Creditors: amounts falling due after more than one year
2022 
£ 
Bank loans
72,857 
Aggregate of amounts that fall due for payment after five years
64,286 
The above loan is secured on property to which it relates.
8
Transactions with related parties
The directors have made various payments on behalf of the company. At the end of the year the directors are owed £32,122. This amount is interest free and repayable on demand.
9
Average number of employees
During the period the average number of employees was 2.
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