Acorah Software Products - Accounts Production 15.0.400 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 12116002 Mr Cheuk Chuen She iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12116002 2022-07-31 12116002 2023-07-31 12116002 2022-08-01 2023-07-31 12116002 frs-core:CurrentFinancialInstruments 2023-07-31 12116002 frs-core:FurnitureFittings 2023-07-31 12116002 frs-core:FurnitureFittings 2022-08-01 2023-07-31 12116002 frs-core:FurnitureFittings 2022-07-31 12116002 frs-core:ShareCapital 2023-07-31 12116002 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 12116002 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12116002 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 12116002 frs-bus:SmallEntities 2022-08-01 2023-07-31 12116002 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 12116002 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 12116002 frs-bus:Director1 2022-08-01 2023-07-31 12116002 frs-countries:EnglandWales 2022-08-01 2023-07-31 12116002 2021-07-31 12116002 2022-07-31 12116002 2021-08-01 2022-07-31 12116002 frs-core:CurrentFinancialInstruments 2022-07-31 12116002 frs-core:ShareCapital 2022-07-31 12116002 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 12116002
Charter Easy Ltd
Financial Statements
For The Year Ended 31 July 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12116002
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 1,486
Investment Properties 5 1,901,992 1,374,981
1,901,992 1,376,467
CURRENT ASSETS
Debtors 6 213,105 6,929
Cash at bank and in hand 10,797 6,462
223,902 13,391
Creditors: Amounts Falling Due Within One Year 7 (2,050,685 ) (1,337,943 )
NET CURRENT ASSETS (LIABILITIES) (1,826,783 ) (1,324,552 )
TOTAL ASSETS LESS CURRENT LIABILITIES 75,209 51,915
NET ASSETS 75,209 51,915
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 75,208 51,914
SHAREHOLDERS' FUNDS 75,209 51,915
Page 1
Page 2
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Cheuk Chuen She
Director
25 July 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Charter Easy Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12116002 . The registered office is 36-38 Westbourne Grove, Newton Road, London, W2 5SH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents rental income receivable. Rental Income is recognised in accordance with the rental agreement.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Straight Line Method
2.4. Investment Properties
Investment property, which is property held to earn rentals, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 August 2022 5,946
As at 31 July 2023 5,946
Depreciation
As at 1 August 2022 4,460
Provided during the period 1,486
As at 31 July 2023 5,946
Net Book Value
As at 31 July 2023 -
As at 1 August 2022 1,486
Page 3
Page 4
5. Investment Property
2023
£
Fair Value
As at 1 August 2022 1,374,981
Additions 527,011
As at 31 July 2023 1,901,992
6. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 9,714 3,982
Other debtors 203,391 2,947
213,105 6,929
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 6,259 5,614
Other creditors 2,947 1,154
Accruals and deferred income 26,184 16,003
Director's loan account 2,015,295 1,315,172
2,050,685 1,337,943
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
9. Related Party Transactions
At the year end, the company owed £1,315,172 to Mr CC She, the sole director and shareholder.
Page 4