Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 12508503 Mr Jason Haley Ms Emma Guest iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12508503 2023-03-31 12508503 2024-03-31 12508503 2023-04-01 2024-03-31 12508503 frs-core:CurrentFinancialInstruments 2024-03-31 12508503 frs-core:Non-currentFinancialInstruments 2024-03-31 12508503 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 12508503 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12508503 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 12508503 frs-core:ShareCapital 2024-03-31 12508503 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 12508503 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12508503 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 12508503 frs-bus:SmallEntities 2023-04-01 2024-03-31 12508503 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12508503 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12508503 frs-bus:Director1 2023-04-01 2024-03-31 12508503 frs-bus:Director2 2023-04-01 2024-03-31 12508503 frs-countries:EnglandWales 2023-04-01 2024-03-31 12508503 2022-03-31 12508503 2023-03-31 12508503 2022-04-01 2023-03-31 12508503 frs-core:CurrentFinancialInstruments 2023-03-31 12508503 frs-core:Non-currentFinancialInstruments 2023-03-31 12508503 frs-core:ShareCapital 2023-03-31 12508503 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 12508503
Charles' Homes Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12508503
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 406,619 379,062
406,619 379,062
CURRENT ASSETS
Cash at bank and in hand 4,031 22,549
4,031 22,549
Creditors: Amounts Falling Due Within One Year 5 (137,814 ) (146,525 )
NET CURRENT ASSETS (LIABILITIES) (133,783 ) (123,976 )
TOTAL ASSETS LESS CURRENT LIABILITIES 272,836 255,086
Creditors: Amounts Falling Due After More Than One Year 6 (250,745 ) (250,745 )
NET ASSETS 22,091 4,341
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 21,991 4,241
SHAREHOLDERS' FUNDS 22,091 4,341
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Jason Haley
Director
20/09/2024
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
Charles' Homes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12508503 . The registered office is The Old Barn , Wood Street , Swanley , England , BR8 7PA.
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
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.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
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Page 4
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 April 2023 379,062
Additions 27,557
As at 31 March 2024 406,619
Net Book Value
As at 31 March 2024 406,619
As at 1 April 2023 379,062
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 600 601
Corporation tax 4,163 673
Directors' loan accounts 133,051 145,251
137,814 146,525
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 250,745 250,745
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4