Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31truefalseDevelopment of building projectsfalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.02023-01-010true 09367248 2023-01-01 2023-12-31 09367248 2022-01-01 2022-12-31 09367248 2023-12-31 09367248 2022-12-31 09367248 c:Director1 2023-01-01 2023-12-31 09367248 d:CurrentFinancialInstruments 2023-12-31 09367248 d:CurrentFinancialInstruments 2022-12-31 09367248 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09367248 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09367248 d:ShareCapital 2023-12-31 09367248 d:ShareCapital 2022-12-31 09367248 d:RetainedEarningsAccumulatedLosses 2023-12-31 09367248 d:RetainedEarningsAccumulatedLosses 2022-12-31 09367248 c:FRS102 2023-01-01 2023-12-31 09367248 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09367248 c:FullAccounts 2023-01-01 2023-12-31 09367248 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09367248 6 2023-01-01 2023-12-31 09367248 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 09367248










CHARCO 2020 LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
CHARCO 2020 LIMITED
REGISTERED NUMBER: 09367248

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
2,029,678
1,654,261

Current assets
  

Cash at bank and in hand
  
23,478
880

Creditors: amounts falling due within one year
 5 
(1,159,234)
(757,642)

Net current liabilities
  
 
 
(1,135,756)
 
 
(756,762)

  

Net assets
  
893,922
897,499


Capital and reserves
  

Called up share capital 
  
919,446
919,446

Profit and loss account
  
(25,524)
(21,947)

  
893,922
897,499


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 statement of income and retained earnings 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 September 2024.




A C Lavery
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
CHARCO 2020 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Charco 2020 Limited is a private company limited by shares, incorporated in England and Wales (registered number: 09367248). Its registered office is The Estate Office, Edensor, Bakewell, Derbyshire, DE45 1PJ. The principal activity of the Company throughout the year continued to be that of property development carried out in partnership with others.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Going concern

At year end date the Company had net current liabilities of £1,135,756 (2022: £756,762). The Company will continue to receive support from the directors and related undertakings and on this basis the accounts have been prepared on a going concern basis.

 
2.3

Valuation of investments

Investments in native land project Clan Bankside LLP are measured at cost less any accumulated impairment.

 
2.4

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition offinancial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 2

 
CHARCO 2020 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 0 (2022 - 0). The directors do not have employment contracts with the company and are not paid for their role.


4.


Fixed asset investments





Investments

£



Cost or valuation


At 1 January 2023
1,654,261


Additions
375,417



At 31 December 2023
2,029,678





5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
634,812
594,812

Amounts owed to related parties
189,227
100,635

Other creditors
335,195
62,195

1,159,234
757,642


 
Page 3