Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 true No description of principal activity 1 February 2023 31 January 2024 31 January 2024 11780612 Mr Charles Barnes Ms Dominique Shaw iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11780612 2023-01-31 11780612 2024-01-31 11780612 2023-02-01 2024-01-31 11780612 frs-core:CurrentFinancialInstruments 2024-01-31 11780612 frs-core:Non-currentFinancialInstruments 2024-01-31 11780612 frs-core:InvestmentPropertyIncludedWithinPPE 2024-01-31 11780612 frs-core:InvestmentPropertyIncludedWithinPPE 2023-01-31 11780612 frs-core:ShareCapital 2024-01-31 11780612 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 11780612 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11780612 frs-bus:FullAccounts 2023-02-01 2024-01-31 11780612 frs-bus:SmallEntities 2023-02-01 2024-01-31 11780612 frs-bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 11780612 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11780612 frs-bus:SmallCompaniesRegimeForDirectorsReport 2023-02-01 2024-01-31 11780612 frs-bus:Director1 2023-02-01 2024-01-31 11780612 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 11780612 frs-countries:EnglandWales 2023-02-01 2024-01-31 11780612 2022-01-31 11780612 2023-01-31 11780612 2022-02-01 2023-01-31 11780612 frs-core:CurrentFinancialInstruments 2023-01-31 11780612 frs-core:Non-currentFinancialInstruments 2023-01-31 11780612 frs-core:ShareCapital 2023-01-31 11780612 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 11780612
Charldom Property Ltd
Director's Report and
Unaudited Financial Statements
For The Year Ended 31 January 2024
TaxAssist Accountants - Ashby
2b Derby Road
Ashby-De-La-Zouch
Leicestershire
LE65 2HE
Contents
Page
Company Information 1
Director's Report 2
Accountant's Report 3
Profit and Loss Account 4
Balance Sheet 5—6
Notes to the Financial Statements 7—9
Page 1
Company Information
Director Mr Charles Barnes
Secretary Ms Dominique Shaw
Company Number 11780612
Registered Office 2b Derby Road
Ashby de la Zouch
Leicestershire
LE65 2HE
Accountants TaxAssist Accountants - Ashby
2b Derby Road
Ashby-De-La-Zouch
Leicestershire
LE65 2HE
Page 1
Page 2
Director's Report
The director presents his report and the financial statements for the year ended 31 January 2024.
Directors
The director who held office during the year were as follows:
Mr Charles Barnes
Statement of Director's Responsibilities
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr Charles Barnes
Director
31st October 2024
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Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of Charldom Property Ltd for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Charldom Property Ltd for the year ended 31 January 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.
This report is made solely to the director of Charldom Property Ltd , as a body, in accordance with the terms of our engagement letter dated 15 November 2019. Our work has been undertaken solely to prepare for your approval the accounts of Charldom Property Ltd and state those matters that we have agreed to state to the director of Charldom Property Ltd , as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Charldom Property Ltd and its director, as a body, for our work or for this report.
It is your duty to ensure that Charldom Property Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Charldom Property Ltd . You consider that Charldom Property Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Charldom Property Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
Mr N R Starkey
31st October 2024
TaxAssist Accountants - Ashby
2b Derby Road
Ashby-De-La-Zouch
Leicestershire
LE65 2HE
Page 3
Page 4
Profit and Loss Account
2024 2023
Notes £ £
TURNOVER 71,636 71,636
Cost of sales (19,941 ) (2,413 )
GROSS PROFIT 51,695 69,223
Administrative expenses (18,811 ) (17,114 )
OPERATING PROFIT 32,884 52,109
Interest payable and similar charges (18,422 ) (13,952 )
PROFIT BEFORE TAXATION 14,462 38,157
Tax on Profit (5,687 ) (7,250 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR 8,775 30,907
The notes on pages 7 to 9 form part of these financial statements.
Page 4
Page 5
Balance Sheet
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,108,217 1,108,217
1,108,217 1,108,217
CURRENT ASSETS
Stocks 5 5 15,478
Debtors 6 1,212 1,212
Cash at bank and in hand 2,445 90,859
3,662 107,549
Creditors: Amounts Falling Due Within One Year 7 (487,728 ) (600,390 )
NET CURRENT ASSETS (LIABILITIES) (484,066 ) (492,841 )
TOTAL ASSETS LESS CURRENT LIABILITIES 624,151 615,376
Creditors: Amounts Falling Due After More Than One Year 8 (569,466 ) (569,466 )
NET ASSETS 54,685 45,910
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 54,683 45,908
SHAREHOLDERS' FUNDS 54,685 45,910
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For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
Mr Charles Barnes
Director
31st October 2024
The notes on pages 7 to 9 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Charldom Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11780612 . The registered office is 2b Derby Road, Ashby de la Zouch, Leicestershire, LE65 2HE.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. 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 on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
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2.6. Taxation - continued
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: 2 (2023: 2)
2 2
4. Tangible Assets
Investment Properties
£
Cost
As at 1 February 2023 1,108,217
As at 31 January 2024 1,108,217
Net Book Value
As at 31 January 2024 1,108,217
As at 1 February 2023 1,108,217
5. Stocks
2024 2023
£ £
Work in progress 5 15,478
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,210 1,210
Called up share capital not paid 2 2
1,212 1,212
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 183,343 183,343
Corporation tax 5,687 7,250
Accruals and deferred income 936 936
Director's loan account 297,762 408,861
487,728 600,390
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 569,466 569,466
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9. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 2 2
Amount of Allotted, Called Up Share Capital 2 2
10. Related Party Transactions
Development works were carried outon behalf of Chardom Property Ltd, by a 100% Controlled related company, Charldom Developments Ltd. The works carried out totalled £183,342.  The outstanding Trade Creditor due as at 31st January is for £183,342. 
CHARLDOM DEVELOPMENTS LTDCommon Shareholders.

CHARLDOM DEVELOPMENTS LTD

Common Shareholders.

11. Directors Loans to the Company
The Director, Charles Barnes , made working capital development loans to the company.  As at the 31st January 2024, these totalled £297,762.  There is no prescribed method of repayment and at that time time, no interest had been incurred.The company looks to repay the amount back as it generates profit to do so.
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