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REGISTERED NUMBER: 05881404 (England and Wales)







Unaudited Financial Statements

for the Period 1 April 2023 to 30 September 2024

for

Charm Developments Ltd

Charm Developments Ltd (Registered number: 05881404)






Contents of the Financial Statements
for the Period 1 April 2023 to 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Charm Developments Ltd

Company Information
for the Period 1 April 2023 to 30 September 2024







DIRECTORS: C J Dawes
M G Dawes





SECRETARY: M G Dawes





REGISTERED OFFICE: New Mills
The Street
Olveston
Bristol
South Glos
BS35 4DT





REGISTERED NUMBER: 05881404 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

Charm Developments Ltd (Registered number: 05881404)

Balance Sheet
30 September 2024

30.9.24 31.3.23
Notes £    £   
CURRENT ASSETS
Stocks 544,939 908,565
Debtors 4 1,328 3,075
Cash at bank 674 8,492
546,941 920,132
CREDITORS
Amounts falling due within one year 5 115,871 436,305
NET CURRENT ASSETS 431,070 483,827
TOTAL ASSETS LESS CURRENT LIABILITIES 431,070 483,827

CREDITORS
Amounts falling due after more than one year 6 29,974 32,351
NET ASSETS 401,096 451,476

CAPITAL AND RESERVES
Called up share capital 8 558 558
Capital redemption reserve 9 442 442
Retained earnings 9 400,096 450,476
SHAREHOLDERS' FUNDS 401,096 451,476

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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 15 May 2025 and were signed on its behalf by:





M G Dawes - Director


Charm Developments Ltd (Registered number: 05881404)

Notes to the Financial Statements
for the Period 1 April 2023 to 30 September 2024

1. STATUTORY INFORMATION

Charm Developments Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 31.3.23
£    £   
Amounts owed by group undertakings 1,196 806
VAT - 108
Prepayments 132 2,161
1,328 3,075

Charm Developments Ltd (Registered number: 05881404)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 September 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 31.3.23
£    £   
Bank loans and overdrafts 10,088 9,768
Other loans 101,000 121,000
Trade creditors - 252
Tax 2,080 -
VAT 65 -
Directors' current accounts 342 303,557
Accrued expenses 2,296 1,728
115,871 436,305

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 31.3.23
£    £   
Bank loans - 1-2 years 10,088 9,768
Bank loans - 2-5 years 19,886 22,583
29,974 32,351

7. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 31.3.23
£    £   
Bank loans 40,062 42,119

The BBLS loan is secured by the Government.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 31.3.23
value: £    £   
558 Ordinary £1 558 558

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 April 2023 450,476 442 450,918
Profit for the period 39,737 39,737
Dividends (90,117 ) (90,117 )
At 30 September 2024 400,096 442 400,538

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M G Dawes.