04820268falsethat of an Independent Financial Adviser2022-09-012023-08-31http://www.companieshouse.gov.uk/2022-08-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-08-31http://www.companieshouse.gov.uk/cd:Director12022-09-012023-08-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-08-31http://www.companieshouse.gov.uk/cd:Director22022-09-012023-08-31http://www.companieshouse.gov.uk/cd:Director32022-09-012023-08-31http://www.companieshouse.gov.uk/cd:Director42022-09-012023-08-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-09-012023-08-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-09-012023-08-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-08-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-08-31http://www.companieshouse.gov.uk/2022-09-012023-08-31http://www.companieshouse.gov.uk/2022-08-31http://www.companieshouse.gov.uk/cd:FRS1022022-09-012023-08-31http://www.companieshouse.gov.uk/2023-08-31http://www.companieshouse.gov.uk/cd:FullAccounts2022-09-012023-08-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-09-012023-08-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 04820268

Charlwood IFA Limited

ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2023

Prepared By:
Hope Jones
Chartered Accountants
Suite114, Lymington Town Hall
Avenue Road
Lymington
Hants
SO41 9ZG

Charlwood IFA Limited

ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2023
DIRECTORS
M Charlwood
J M Charlwood
E K Charlwood
C S Charlwood
SECRETARY
J M Charlwood
REGISTERED OFFICE
35 Seamoor Road
Westbourne
Bournemouth
Dorset
BH4 9AE
COMPANY DETAILS
Private company limited by shares registered in England and Wales, registered number 04820268
ACCOUNTANTS
Hope Jones
Chartered Accountants
Suite114, Lymington Town Hall
Avenue Road
Lymington
Hants
SO41 9ZG

Charlwood IFA Limited

ACCOUNTS
FOR THEYEARENDED31 AUGUST 2023
CONTENTS
Page
Statement of Financial Position3
Notes to the Accounts4- 5

Charlwood IFA Limited

STATEMENT OF FINANCIAL POSITION AT31 August 2023
20232022
Notes££
FIXED ASSETS
Tangible assets224,22423,003
CURRENT ASSETS
Stock500500
Debtors3168,817185,476
Current asset investments4187,96591,044
Cash at bank and in hand335,675333,972
692,957610,992
CREDITORS: Amounts falling due within one year5154,253139,654
NET CURRENT ASSETS538,704471,338
TOTAL ASSETS LESS CURRENT LIABILITIES562,928494,341
CREDITORS: Amounts falling due after more than one year627,00027,000
PROVISIONS FOR LIABILITIES AND CHARGES86,0564,371
NET ASSETS529,872462,970
CAPITAL AND RESERVES
Called up share capital104104
Profit and loss account529,768462,866
SHAREHOLDERS' FUNDS529,872462,970
For the year ending 31 August 2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on5 October 2023and signed on their behalf by
.............................
M Charlwood
Director

Charlwood IFA Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Short Leasehold Propertiesstraight lineover period of lease
Fixtures And Fittingsreducing balance20%
1c. Stocks
Stock is valued at the lower of cost and estimated selling price less costs to sell.
1d. Pension Costs
The company operates defined contribution pension schemes. The pension charge represents the amounts payable by the company to the funds in respect of the year.
1e. Investments
Current asset investments are included at fair value.
1f. Leases
Payments made under operating leases are charged to the profit and loss account on a straight line basis over the lease term.
2. TANGIBLE FIXED ASSETS
Short LeaseholdFixtures Fittings
Propertiesand EquipmentTotal
£££
Cost
At 1 September 202216,31374,68390,996
Additions-6,2286,228
Disposals-(1,750)(1,750)
At 31 August 202316,31379,16195,474
Depreciation
At 1 September 202275567,23867,993
Disposals-(1,291)(1,291)
For the year1,8132,7354,548
At 31 August 20232,56868,68271,250
Net Book Amounts
At 31 August 202313,74510,47924,224
At 31 August 202215,5587,44523,003

Charlwood IFA Limited

3. DEBTORS 20232022
££
Amounts falling due within one year
Other debtors150,082150,063
Prepayments18,73535,413
168,817185,476
4. CURRENT ASSET INVESTMENTS
20232022
££
Listed investments - UK187,96591,044
187,96591,044
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax96,03075,151
PAYE3,9033,632
Directors' current accounts19,28019,827
Trade creditors4582
Other creditors29,97129,298
Accruals1,6707,575
Deferred income3,3544,089
154,253139,654
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Other loans27,00027,000
27,00027,000
The other loans are subordinated loans between the company's directors, the company and the Financial Conduct Authority Ltd. (FCA). They are unsecured and repayment may not be made without the FCA's prior written consent and then with not less than two years notice.
7. EMPLOYEES
20232022
No.No.
Average number of employees910
8. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation6,0564,371
6,0564,371