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REGISTERED NUMBER: 03941873 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

CHARHILL LIMITED

CHARHILL LIMITED (REGISTERED NUMBER: 03941873)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHARHILL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: M A Clarke





SECRETARY: M A Clarke





REGISTERED OFFICE: South Stour Offices
Roman Road
Mersham
Ashford
Kent
TN25 7HS





REGISTERED NUMBER: 03941873 (England and Wales)





ACCOUNTANTS: Cassidys Chartered Accountants
South Stour Offices
Roman Road
Mersham
Ashford
Kent
TN25 7HS

CHARHILL LIMITED (REGISTERED NUMBER: 03941873)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 421,284 432,216
421,284 432,216

CURRENT ASSETS
Stocks 623,034 556,319
Debtors 6 448,659 482,216
Cash at bank and in hand 644,007 424,575
1,715,700 1,463,110
CREDITORS
Amounts falling due within one year 7 514,510 413,055
NET CURRENT ASSETS 1,201,190 1,050,055
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,622,474

1,482,271

CREDITORS
Amounts falling due after more than one year 8 - (90,009 )

PROVISIONS FOR LIABILITIES 10 (2,510 ) (3,138 )
NET ASSETS 1,619,964 1,389,124

CAPITAL AND RESERVES
Called up share capital 150,000 150,000
Other reserves 100,000 100,000
Retained earnings 1,369,964 1,139,124
SHAREHOLDERS' FUNDS 1,619,964 1,389,124

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CHARHILL LIMITED (REGISTERED NUMBER: 03941873)

BALANCE SHEET - continued
31 MARCH 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 September 2024 and were signed by:





M A Clarke - Director


CHARHILL LIMITED (REGISTERED NUMBER: 03941873)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Charhill 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


CHARHILL LIMITED (REGISTERED NUMBER: 03941873)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 83,657
AMORTISATION
At 1 April 2023
and 31 March 2024 83,657
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

CHARHILL LIMITED (REGISTERED NUMBER: 03941873)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Furniture,
Freehold fittings& Motor
property equipment vehicles Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 488,799 117,629 56,958 663,386
DEPRECIATION
At 1 April 2023 73,101 116,238 41,831 231,170
Charge for year 4,456 803 5,673 10,932
At 31 March 2024 77,557 117,041 47,504 242,102
NET BOOK VALUE
At 31 March 2024 411,242 588 9,454 421,284
At 31 March 2023 415,698 1,391 15,127 432,216

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 251,913 291,796
Other debtors 196,746 190,420
448,659 482,216

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 16,046
Trade creditors 320,749 269,831
Taxation and social security 174,645 121,532
Other creditors 19,116 5,646
514,510 413,055

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 90,009

CHARHILL LIMITED (REGISTERED NUMBER: 03941873)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.24 31.3.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 18,965

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans - 106,055

Bank loans are secured upon certain specific assets of the company, including the freehold property.

10. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 2,510 3,138

Deferred
tax
£   
Balance at 1 April 2023 3,138
Provided during year (628 )
Balance at 31 March 2024 2,510

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
M A Clarke
Balance outstanding at start of year 149,950 120,000
Amounts advanced 29,950 29,950
Amounts repaid (29,950 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 149,950 149,950

The additional loan of £29,950 was repaid within 9 months of the year end.

CHARHILL LIMITED (REGISTERED NUMBER: 03941873)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


12. RELATED PARTY DISCLOSURES

During the year, total dividends of £83,000 were paid to the director .