Registered number: 10700871 | ||||||||
FOR THE YEAR ENDED 30/09/2023 | ||||||||
Prepared By: | ||||||||
Staffer Mayled & Co Ltd | ||||||||
46-48 Station Road | ||||||||
Cardiff | ||||||||
CF14 5LU |
Charro Investments Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30/09/2023 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 10700871 | ||||||||
ACCOUNTANTS | ||||||||
Staffer Mayled & Co Ltd | ||||||||
46-48 Station Road | ||||||||
Cardiff | ||||||||
CF14 5LU |
Charro Investments Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED30/09/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Charro Investments Ltd | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
6,878 | 120,084 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT LIABILITIES | ( | (1,022,763) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 578,165 | 604,864 | |||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | 676,287 | 669,449 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Charro Investments Ltd | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30/09/2023 | ||||||||||
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 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Change In Accounting Policy | ||||||||
In preparing the financial statements for the current year, the company has adopted the following Financial Reporting Standards: | ||||||||
-Financial Reporting Standard for Smaller Entities (effectiveJanuary 2015). | ||||||||
The adoption of new accounting standards has not resulted in any adjustments to the results of the company in either this year or the previous year. |
1c. Depreciation | ||||||||
Fixtures and Fittings | reducing balance 25% | |||||||
Equipment | reducing balance 25% |
1d. Investment Properties | ||||||||
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view. |
Charro Investments Ltd | ||||||||
2. TANGIBLE FIXED ASSETS | ||||||
Fixtures | ||||||
and Fittings | Equipment | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/10/2022 | 15,959 | 2,397 | 18,356 | |||
Additions | - | 941 | 941 | |||
At 30/09/2023 | 15,959 | 3,338 | 19,297 | |||
Depreciation | ||||||
At 01/10/2022 | 4,244 | 1,060 | 5,304 | |||
For the year | 2,941 | 580 | 3,521 | |||
At 30/09/2023 | 7,185 | 1,640 | 8,825 | |||
Net Book Amounts | ||||||
At 30/09/2023 | 10,472 | |||||
At 30/09/2022 | 13,052 | |||||
3. INVESTMENT PROPERTIES | ||||
Investment | ||||
Properties | Total | |||
£ | £ | |||
Fair value | ||||
At 01/10/2022 | 2,284,124 | 2,284,124 | ||
Additions | 71,325 | 71,325 | ||
At 30/09/2023 | 2,355,449 | 2,355,449 | ||
4. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 200 | 1,075 | ||||||
VAT | - | 5,828 | ||||||
200 | 6,903 | |||||||
Charro Investments Ltd | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 3,850 | 4,815 | ||||||
VAT | 1,476 | - | ||||||
Directors current account | 1,088,543 | 1,105,878 | ||||||
Loans | 15,328 | 15,328 | ||||||
Trade creditors | 50 | 16,826 | ||||||
Accruals | 9,000 | - | ||||||
1,118,247 | 1,142,847 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Loans >1yr | 229,555 | 235,802 | ||||||
Due to related company | 348,610 | 369,062 | ||||||
578,165 | 604,864 | |||||||
In September 2022 the company entered into a loan agreement of 60 payments of £1,277.31. | ||||||||
7. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | - | |||||
8. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
9. CONTROLLING PARTY | ||||||||
The controlling party are the director and shareholders of the company. | ||||||||