Registered number
02599776
Autumn Charm Properties Limited
Report and Accounts
29 September 2024
Accountancy 4 Success Limited
Accountants and Business Advisors
33 Wolverhampton Road
Cannock
Staffordshire
WS11 1AP
Autumn Charm Properties Limited
Registered number: 02599776
Balance Sheet
as at 29 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 900,003 900,059
Investments 4 4,890 90
904,893 900,149
Current assets
Debtors 5 143,126 129,877
Cash at bank and in hand 61,103 55,191
204,229 185,068
Creditors: amounts falling due within one year 6 (99,297) (81,267)
Net current assets 104,932 103,801
Total assets less current liabilities 1,009,825 1,003,950
Provisions for liabilities (96,956) (96,956)
Net assets 912,869 906,994
Capital and reserves
Called up share capital 200 200
Revaluation reserve 7 484,394 484,394
Profit and loss account 428,275 422,400
Shareholders' funds 912,869 906,994
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T A Peake
Director
Approved by the board on 19 February 2025
Autumn Charm Properties Limited
Notes to the Accounts
for the year ended 29 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings NIL
Plant and machinery 25% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 30 September 2023 900,000 5,106 905,106
At 29 September 2024 900,000 5,106 905,106
Depreciation
At 30 September 2023 - 5,047 5,047
Charge for the year - 56 56
At 29 September 2024 - 5,103 5,103
Net book value
At 29 September 2024 900,000 3 900,003
At 29 September 2023 900,000 59 900,059
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 30 September 2023 90
Additions 4,800
At 29 September 2024 4,890
The company holds 20% or more of the share capital of the following companies:
Shares held
Company Class Number
Cusec Limited Ordinary 3
Cross Keys Leisure Limited Ordinary 4800
5 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 141,376 128,127
Other debtors 1,750 1,750
143,126 129,877
6 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 81 81
Corporation tax 9,812 8,100
Other creditors 89,403 73,086
99,296 81,267
7 Revaluation reserve 2024 2023
£ £
At 30 September 2023 484,394 484,394
At 29 September 2024 484,394 484,394
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