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Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Blesscharm Limited

Blesscharm Limited (Registered number: 02810875)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Blesscharm Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Miss T C Pobjoy
D C Pobjoy





SECRETARY:





REGISTERED OFFICE: Millennia House
Kingswood Park
Bonsor Drive
Tadworth
Surrey
KT20 6AY





REGISTERED NUMBER: 02810875 (England and Wales)





ACCOUNTANTS: Williams & Co
Chartered Accountants
8/10 South Street
Epsom
Surrey
KT18 7PF

Blesscharm Limited (Registered number: 02810875)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 660,429 660,429
Cash at bank 108,650 108,650
769,079 769,079
CREDITORS
Amounts falling due within one year 5 663,171 663,171
NET CURRENT ASSETS 105,908 105,908
TOTAL ASSETS LESS CURRENT
LIABILITIES

105,908

105,908

CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Retained earnings 104,908 104,908
SHAREHOLDERS' FUNDS 105,908 105,908

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2024 and were signed on its behalf by:





Miss T C Pobjoy - Director


Blesscharm Limited (Registered number: 02810875)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Blesscharm Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 2 ).

4. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Gold loan to connected company 660,429 660,429

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1 1
Tax 2 2
Other creditors 2,619 2,619
Loan creditor 660,429 660,429
Accrued expenses 120 120
663,171 663,171

6. CALLED UP SHARE CAPITAL

Blesscharm Limited (Registered number: 02810875)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


7. RELATED PARTY DISCLOSURES

The company has made a gold bullion loan of £660,429 (2020: £660,429) to Pobjoy Mint Limited, a subsidiary company of a group controlled by the directors.

The company has also received a gold bullion loan of £660,429 (2020: £660,429) from a pension fund of which the directors are trustees. Both transactions are within the normal terms of the company's business.

In October 2023 the connected company Pobjoy Mint Limited announced it would cease trading. In view of this there is some uncertainty as to the recoverability of the gold loan made to the company.

8. ULTIMATE CONTROLLING PARTY

During the year, the company was ultimately wholly owned and controlled by the directors.