Registered number
14010427
Charbilly Investments Ltd
Filleted Accounts
31 March 2024
Charbilly Investments Ltd
Registered number: 14010427
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 166 333
Investments 4 362,123 291,181
362,289 291,514
Current assets
Debtors 5 - 8
Cash at bank 11,795 107,872
11,795 107,880
Creditors: amounts falling due within one year 6 (384,210) (403,180)
Net current liabilities (372,415) (295,300)
Net liabilities (10,126) (3,786)
Capital and reserves
Called up share capital 200 200
Profit and loss account (10,326) (3,986)
Shareholders' funds (10,126) (3,786)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr C A Clissold
Director
Approved by the board on 13 August 2024
Charbilly Investments Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
The financial statements are prepared in sterling, which is the functional currency of the company.
Monetary amounts in these financial statements are rounded to the nearest £.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment over 3 years
Investments
Investments in listed investments are measured at fair value (market value). Changes in fair value are recognised in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Office equipment
£
Cost
At 1 April 2023 500
At 31 March 2024 500
Depreciation
At 1 April 2023 167
Charge for the year 167
At 31 March 2024 334
Net book value
At 31 March 2024 166
At 31 March 2023 333
4 Investments
Other
investments
£
Fair value
At 1 April 2023 291,181
Additions 90,229
Revaluation (19,287)
At 31 March 2024 362,123
Historical cost
At 1 April 2023 303,919
At 31 March 2024 394,147
5 Debtors 2024 2023
£ £
Other debtors - 8
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 74 -
Other creditors 384,136 403,180
384,210 403,180
7 Other information
Charbilly Investments Ltd is a private company limited by shares and incorporated in England. Its registered office is:
4th Floor
9 Bonhill Street
London
EC2A 4DJ
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