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
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
Charma Lettings Ltd
Statement of financial position
as at 30 April 2024
Investment property
95,000
105,983
Cash at bank and in hand
3,463
2,978
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
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
Charma Lettings Ltd
Notes to the Accounts
for the year ended 30 April 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 is measured at the fair value of the rental income received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Fair value at 1 May 2023
105,983
Net loss from fair value adjustments
(10,983)
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.
Amounts falling due within one year
Accrued income and prepayments
615
463
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
7
Creditors: amounts falling due after more than one year
2024
2023
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).