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REGISTERED NUMBER: 02086678 (England and Wales)






Charnock Court Limited

Financial Statements

for the Period 1 April 2023 to 30 June 2024






Charnock Court Limited (Registered number: 02086678)

Contents of the Financial Statements
for the period 1 April 2023 to 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Charnock Court Limited

Company Information
for the period 1 April 2023 to 30 June 2024







DIRECTORS: Mr P A Corscadden
Mrs D Corscadden
Mr M D Joyce
Mrs C Joyce
Mr G Green
Mrs P A Green





SECRETARY: Mr M D Joyce





REGISTERED OFFICE: Charnock Court
6 South Parade
Wakefield
West Yorkshire
WF1 1LR





REGISTERED NUMBER: 02086678 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX

Charnock Court Limited (Registered number: 02086678)

Balance Sheet
30 June 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 - 2,964
Investment property 5 - 375,000
- 377,964

CURRENT ASSETS
Debtors 6 1,222 1,010
Cash at bank and in hand 431,709 23,502
432,931 24,512
CREDITORS
Amounts falling due within one year 7 44,899 18,967
NET CURRENT ASSETS 388,032 5,545
TOTAL ASSETS LESS CURRENT
LIABILITIES

388,032

383,509

PROVISIONS FOR LIABILITIES - 14,941
NET ASSETS 388,032 368,568

Charnock Court Limited (Registered number: 02086678)

Balance Sheet - continued
30 June 2024

2024 2023
Notes £ £ £ £

CAPITAL AND RESERVES
Called up share capital 8 9,996 9,996
Retained earnings 378,036 358,572
SHAREHOLDERS' FUNDS 388,032 368,568

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2024 and were signed on its behalf by:





Mr P A Corscadden - Director


Charnock Court Limited (Registered number: 02086678)

Notes to the Financial Statements
for the period 1 April 2023 to 30 June 2024


1. STATUTORY INFORMATION

Charnock Court 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 functional and presentational currency for the company is the pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

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.

Going concern
The company sold its only investment property on 14 June 2024 and the directors have made the decision for the company not to continue beyond the balance sheet date.
As required by UK accounting standards, the directors have prepared the financial statements on the basis that the company is no longer a going concern. No material adjustments arose as a result of ceasing to apply the going concern basis.

Turnover
Turnover represents rents receivable in the ordinary course of business.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost
Equipment - 25% on cost

Tangible fixed assets are recorded initially at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.


Charnock Court Limited (Registered number: 02086678)

Notes to the Financial Statements - continued
for the period 1 April 2023 to 30 June 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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.

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 period 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 period was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings Equipment Totals
£ £ £
COST
At 1 April 2023 36,626 1,488 38,114
Disposals (36,626 ) (1,488 ) (38,114 )
At 30 June 2024 - - -
DEPRECIATION
At 1 April 2023 33,779 1,371 35,150
Eliminated on disposal (33,779 ) (1,371 ) (35,150 )
At 30 June 2024 - - -
NET BOOK VALUE
At 30 June 2024 - - -
At 31 March 2023 2,847 117 2,964

Charnock Court Limited (Registered number: 02086678)

Notes to the Financial Statements - continued
for the period 1 April 2023 to 30 June 2024


5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 April 2023 375,000
Disposals (375,000 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 31 March 2023 375,000


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
VAT 1,222 -
Prepayments and accrued income - 1,010
1,222 1,010

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors - 527
Tax 21,991 1,110
VAT - 1,206
Directors' loan accounts 15,000 15,000
Accruals and deferred income 7,908 1,124
44,899 18,967

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
9,996 Ordinary £1 9,996 9,996