0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-03 Sage Accounts Production Advanced 2023 - FRS102_2023 200,854 200,854 200,854 xbrli:pure xbrli:shares iso4217:GBP 15185051 2023-10-03 2024-10-31 15185051 2024-10-31 15185051 2023-10-02 15185051 bus:OrdinaryShareClass1 2023-10-03 2024-10-31 15185051 bus:Director1 2023-10-03 2024-10-31 15185051 bus:Director2 2023-10-03 2024-10-31 15185051 core:LandBuildings core:OwnedOrFreeholdAssets 2023-10-03 2024-10-31 15185051 core:WithinOneYear 2024-10-31 15185051 core:ShareCapital 2024-10-31 15185051 core:RetainedEarningsAccumulatedLosses 2024-10-31 15185051 bus:OrdinaryShareClass1 2024-10-31 15185051 core:LandBuildings core:OwnedOrFreeholdAssets 2024-10-31 15185051 bus:SmallEntities 2023-10-03 2024-10-31 15185051 bus:AuditExempt-NoAccountantsReport 2023-10-03 2024-10-31 15185051 bus:SmallCompaniesRegimeForAccounts 2023-10-03 2024-10-31 15185051 bus:PrivateLimitedCompanyLtd 2023-10-03 2024-10-31 15185051 bus:FullAccounts 2023-10-03 2024-10-31
COMPANY REGISTRATION NUMBER: 15185051
CHARM & BRICKS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 October 2024
CHARM & BRICKS LIMITED
STATEMENT OF FINANCIAL POSITION
31 October 2024
31 Oct 24
Note
£
Fixed assets
Tangible assets
4
200,854
Current assets
Cash at bank and in hand
6,410
Creditors: amounts falling due within one year
5
207,374
---------
Net current liabilities
200,964
---------
Total assets less current liabilities
( 110)
----
Net liabilities
( 110)
----
Capital and reserves
Called up share capital
6
100
Profit and loss account
( 210)
----
Shareholders deficit
( 110)
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 23 June 2025 , and are signed on behalf of the board by:
Mr B Dos Santos
Ms C Cornwell
Director
Director
Company registration number: 15185051
CHARM & BRICKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 3 OCTOBER 2023 TO 31 OCTOBER 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Mill, Blisworth Hill Farm, Stoke Road, Blisworth, Northampton, NN7 3DB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Tangible assets
Freehold property
£
Cost
At 3 October 2023
Additions
200,854
---------
At 31 October 2024
200,854
---------
Depreciation
At 3 October 2023 and 31 October 2024
---------
Carrying amount
At 31 October 2024
200,854
---------
Included within the above is investment property as follows:
£
At 3 October 2023
Additions
200,854
---------
At 31 October 2024
200,854
---------
The directors have considered the fair value of the investment property at the balance sheet date and do not consider this to be materially different to fair value.
5. Creditors: amounts falling due within one year
31 Oct 24
£
Other creditors
207,374
---------
6. Called up share capital
Issued, called up and fully paid
31 Oct 24
No.
£
Ordinary shares of £ 1 each
100
100
----
----
Share movements
No.
£
Ordinary
At 3 October 2023
Issue of shares
100
100
----
----
At 31 October 2024
100
100
----
----