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Company Registration No. 13364410 (England and Wales)
Charma Lettings Ltd Unaudited accounts for the year ended 30 April 2024
Charma Lettings Ltd Unaudited accounts Contents
Page
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Charma Lettings Ltd Company Information for the year ended 30 April 2024
Directors
C G Spark E M Smith
Company Number
13364410 (England and Wales)
Registered Office
35 Gripps Common Cotgrave Nottingham Nottinghamshire NG12 3TF ENGLAND
Accountants
Net Accountancy Solutions Limited 35 Gripps Common Cotgrave Nottingham Nottinghamshire NG12 3TF
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Charma Lettings Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
95,000 
105,983 
Current assets
Debtors
615 
463 
Cash at bank and in hand
3,463 
2,978 
4,078 
3,441 
Creditors: amounts falling due within one year
(36,214)
(36,401)
Net current liabilities
(32,136)
(32,960)
Total assets less current liabilities
62,864 
73,023 
Creditors: amounts falling due after more than one year
(71,607)
(72,857)
Net (liabilities)/assets
(8,743)
166 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(8,745)
164 
Shareholders' funds
(8,743)
166 
For the year ending 30 April 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2025 and were signed on its behalf by
C G Spark Director Company Registration No. 13364410
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Charma Lettings Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Charma Lettings Ltd is a private company, limited by shares, registered in England and Wales, registration number 13364410. The registered office is 35 Gripps Common, Cotgrave, Nottingham, Nottinghamshire, NG12 3TF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover
Turnover is measured at the fair value of the rental income received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
4
Investment property
2024 
£ 
Fair value at 1 May 2023
105,983 
Net loss from fair value adjustments
(10,983)
At 30 April 2024
95,000 
The investment property has initially been included at it's purchase price. Going forward it will be measured at fair value, which is the open market value of the property. Any fair value adjustment will be taken through the profit & loss account.
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
615 
463 
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Charma Lettings Ltd Notes to the Accounts for the year ended 30 April 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,131 
2,143 
Taxes and social security
487 
39 
Loans from directors
33,996 
33,619 
Accruals
600 
600 
36,214 
36,401 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
71,607 
72,857 
Aggregate of amounts that fall due for payment after five years
67,083 
62,023 
The above loan is secured on property to which it relates. The loan is a repayment mortgage with 33 years remaining on the term.
8
Transactions with related parties
The directors have made various payments on behalf of the company. At the end of the year the directors are owed £33,996 (2023: £33,619). This amount is interest free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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