Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-312022-04-01falseNo description of principal activity00falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09972938 2022-04-01 2023-03-31 09972938 2021-04-01 2022-03-31 09972938 2023-03-31 09972938 2022-03-31 09972938 c:Director2 2022-04-01 2023-03-31 09972938 d:LeaseholdInvestmentProperty 2023-03-31 09972938 d:LeaseholdInvestmentProperty 2022-03-31 09972938 d:LeaseholdInvestmentProperty 2 2022-04-01 2023-03-31 09972938 d:CurrentFinancialInstruments 2023-03-31 09972938 d:CurrentFinancialInstruments 2022-03-31 09972938 d:Non-currentFinancialInstruments 2023-03-31 09972938 d:Non-currentFinancialInstruments 2022-03-31 09972938 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09972938 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 09972938 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09972938 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 09972938 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 09972938 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 09972938 d:ShareCapital 2023-03-31 09972938 d:ShareCapital 2022-03-31 09972938 d:InvestmentPropertiesRevaluationReserve 2023-03-31 09972938 d:InvestmentPropertiesRevaluationReserve 2022-03-31 09972938 d:RetainedEarningsAccumulatedLosses 2023-03-31 09972938 d:RetainedEarningsAccumulatedLosses 2022-03-31 09972938 c:OrdinaryShareClass1 2022-04-01 2023-03-31 09972938 c:OrdinaryShareClass1 2023-03-31 09972938 c:OrdinaryShareClass1 2022-03-31 09972938 c:FRS102 2022-04-01 2023-03-31 09972938 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 09972938 c:FullAccounts 2022-04-01 2023-03-31 09972938 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09972938 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 09972938 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 09972938 f:PoundSterling 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09972938









CHARNWOOD LIMITED (FORMERLY PINTON INVESTMENTS (BILSTON) LIMITED)







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
CHARNWOOD LIMITED (FORMERLY PINTON INVESTMENTS (BILSTON) LIMITED)
REGISTERED NUMBER: 09972938

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
2,570,066
2,190,943

  
2,570,066
2,190,943

Current assets
  

Debtors: amounts falling due within one year
 5 
15,348
30,025

Cash at bank and in hand
  
61,929
70,206

  
77,277
100,231

Creditors: amounts falling due within one year
 6 
(1,547,414)
(1,591,964)

Net current liabilities
  
 
 
(1,470,137)
 
 
(1,491,733)

Total assets less current liabilities
  
1,099,929
699,210

Creditors: amounts falling due after more than one year
 7 
(735,000)
(735,000)

Provisions for liabilities
  

Deferred tax
  
(94,781)
-

  
 
 
(94,781)
 
 
-

Net assets/(liabilities)
  
270,148
(35,790)


Capital and reserves
  

Called up share capital 
 10 
200
200

Investment property reserve
  
288,264
3,922

Profit and loss account
  
(18,316)
(39,912)

  
270,148
(35,790)


Page 1

 
CHARNWOOD LIMITED (FORMERLY PINTON INVESTMENTS (BILSTON) LIMITED)
REGISTERED NUMBER: 09972938
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

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 profit and loss account 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 13 February 2024.




................................................
Jonathan D J Goldmeier
Director

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

Page 2

 
CHARNWOOD LIMITED (FORMERLY PINTON INVESTMENTS (BILSTON) LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Charnwood Limited (formerly Pinton Investments (Bilston) Limited) is a company limited by shares incorporated in England and Wales. The address of the registered office is 35 Ballards Lane, London, N3 1XW.  The company's princpal activity is that of investment in property.

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 financial statements are presented in pound sterling which is the functional currency of the company and have been rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 3

 
CHARNWOOD LIMITED (FORMERLY PINTON INVESTMENTS (BILSTON) LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

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.

 
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

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.

 
2.7

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).

The average monthly number of employees, excluding directors, during the year was 0 (2022 - 0).

Page 4

 
CHARNWOOD LIMITED (FORMERLY PINTON INVESTMENTS (BILSTON) LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Investment property


Long term leasehold investment property

£



Valuation


At 1 April 2022
2,190,943


Surplus on revaluation
379,123



At 31 March 2023
2,570,066

The 2023 valuations were made by various surveyors, on an open market value for existing use basis.

2023
2022
£
£

Revaluation reserves


At 1 April 2022
288,264
3,922

At 31 March 2023
288,264
3,922





5.


Debtors

2023
2022
£
£


Trade debtors
-
4,725

Other debtors
14,948
21,788

Prepayments and accrued income
400
3,512

15,348
30,025


Page 5

 
CHARNWOOD LIMITED (FORMERLY PINTON INVESTMENTS (BILSTON) LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
18,082
13,016

Other creditors
1,520,944
1,569,223

Accruals and deferred income
8,388
9,725

1,547,414
1,591,964



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
735,000
735,000

735,000
735,000



8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£



Amounts falling due 2-5 years

Bank loans
735,000
735,000


735,000
735,000


735,000
735,000


The bank loans are secured by fixed and floating charges over the investment properties of the company. The bank loan of £435,000 was repaid in full in April 2021 and a new loan of £435,000 was drawndown for a term of five years.


9.


Deferred taxation

Page 6

 
CHARNWOOD LIMITED (FORMERLY PINTON INVESTMENTS (BILSTON) LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
 
9.Deferred taxation (continued)




2023


£






Charged to profit or loss
(94,781)



At end of year
(94,781)

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(94,781)
-

(94,781)
-


10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



200 (2022 - 200) Ordinary shares of £1.00 each
200
200


 
Page 7