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REGISTERED NUMBER: 01253734 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 9 APRIL 2023

FOR

CHARLWOOD DESIGNS LIMITED

CHARLWOOD DESIGNS LIMITED (REGISTERED NUMBER: 01253734)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 9 April 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CHARLWOOD DESIGNS LIMITED

COMPANY INFORMATION
for the Year Ended 9 April 2023







DIRECTORS: M Charlwood
Mrs L Charlwood





SECRETARY: Mrs L Charlwood





REGISTERED OFFICE: Sandall House
230 High Street
Herne Bay
Kent
CT6 5AX





REGISTERED NUMBER: 01253734 (England and Wales)





ACCOUNTANTS: H & E Johnson
Chartered Accountants
Sandall House
230 High Street
Herne Bay
Kent
CT6 5AX

CHARLWOOD DESIGNS LIMITED (REGISTERED NUMBER: 01253734)

STATEMENT OF FINANCIAL POSITION
9 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,887 592
Investment property 5 640,000 655,000
642,887 655,592

CURRENT ASSETS
Debtors 6 89 124
Cash at bank 63,869 75,409
63,958 75,533
CREDITORS
Amounts falling due within one year 7 10,377 8,828
NET CURRENT ASSETS 53,581 66,705
TOTAL ASSETS LESS CURRENT
LIABILITIES

696,468

722,297

PROVISIONS FOR LIABILITIES 31,352 33,765
NET ASSETS 665,116 688,532

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 8 162,123 162,123
Retained earnings 502,991 526,407
SHAREHOLDERS' FUNDS 665,116 688,532

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 9 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 9 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CHARLWOOD DESIGNS LIMITED (REGISTERED NUMBER: 01253734)

STATEMENT OF FINANCIAL POSITION - continued
9 April 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by:





M Charlwood - Director


CHARLWOOD DESIGNS LIMITED (REGISTERED NUMBER: 01253734)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 9 April 2023

1. STATUTORY INFORMATION

Charlwood Designs Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve. No depreciation is provided which represents a departure from the requirement of the Companies Act 2006. The director considers that, because the property is not held for consumption, to depreciate it would not give a true and fair view. If this departure had not been made the profit for the financial year would have been reduced by depreciation. The amount of depreciation cannot be reasonably quantified because it is only one of many factors reflected in the annual valuation.

Financial instruments
Fixed Asset Investments are initially measured at fair value plus any directly attributable transaction costs. Subsequent to initial recognition, they are measured at fair value and changes therein, other than impairment losses and foreign currency differences on debt instruments are recognised in OCI and accumulated in the fair value reserve. When these assets are derecognised, the gain or loss accumulated in equity is reclassified to profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


CHARLWOOD DESIGNS LIMITED (REGISTERED NUMBER: 01253734)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 9 April 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 10 April 2022 - - 8,919 8,919
Additions 323 2,934 - 3,257
At 9 April 2023 323 2,934 8,919 12,176
DEPRECIATION
At 10 April 2022 - - 8,327 8,327
Charge for year 81 733 148 962
At 9 April 2023 81 733 8,475 9,289
NET BOOK VALUE
At 9 April 2023 242 2,201 444 2,887
At 9 April 2022 - - 592 592

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 10 April 2022 655,000
Revaluations (15,000 )
At 9 April 2023 640,000
NET BOOK VALUE
At 9 April 2023 640,000
At 9 April 2022 655,000

CHARLWOOD DESIGNS LIMITED (REGISTERED NUMBER: 01253734)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 9 April 2023

5. INVESTMENT PROPERTY - continued

Fair value at 9 April 2023 is represented by:
£   
Valuation in 2017 162,123
Valuation in 2021 10,000
Valuation in 2022 5,000
Valuation in 2023 (15,000 )
Cost 477,877
640,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 477,877 477,877

Investment property was valued on an open market basis on 9 April 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 89 124

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 3,958 3,780
Other creditors 6,419 5,048
10,377 8,828

8. RESERVES
Revaluation
reserve
£   
At 10 April 2022
and 9 April 2023 162,123