Registration number: 5260189

Charis House Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Charis House Limited

(Registration number: 5260189)
Balance Sheet as at 31 October 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	1,338,401	1,349,538
Current assets
Debtors	5	44,440	48,965
Cash at bank and in hand		915,831	1,040,379
		960,271	1,089,344
Creditors: Amounts falling due within one year	6	(227,624)	(292,727)
Net current assets		732,647	796,617
Total assets less current liabilities		2,071,048	2,146,155
Creditors: Amounts falling due after more than one year	6	(380,358)	(464,677)
Provisions for liabilities		(49,686)	(50,172)
Net assets		1,641,004	1,631,306
Capital and reserves
Called up share capital		150	150
Retained earnings		1,640,854	1,631,156
Shareholders' funds		1,641,004	1,631,306

Charis House Limited

(Registration number: 5260189)
Balance Sheet as at 31 October 2024

For the financial year 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 September 2025 and signed on its behalf by:
 

......................................... Mr V Mangaleshwaran Director

Charis House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
13 Park Place
Weston-super-Mare
BS23 2BA
England

These financial statements were authorised for issue by the Board on 1 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Charis House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	15% Reducing balance
Office equipment	15% Reducing balance
Motor Vehicles	15% Reducing balance
Property	1% Straight Line on Building (80% of Total)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Charis House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 37 (2023 - 68).

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 November 2023	1,148,849	458,553	105,100	1,712,502
Additions	-	33,125	-	33,125
At 31 October 2024	1,148,849	491,678	105,100	1,745,627
Depreciation
At 1 November 2023	-	297,502	65,462	362,964
Charge for the year	9,191	29,126	5,945	44,262
At 31 October 2024	9,191	326,628	71,407	407,226
Carrying amount
At 31 October 2024	1,139,658	165,050	33,693	1,338,401
At 31 October 2023	1,148,849	161,051	39,638	1,349,538

The company's property is subject to a legal charge with Santander.

Charis House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

5

Debtors

	2024 £	2023 £
Trade debtors	17,849	38,569
Prepayments	3,314	2,796
Other debtors	23,277	7,600
	44,440	48,965

Current	2024 £	2023 £
Trade debtors	17,849	38,569
Prepayments	3,314	2,796
Other debtors	23,277	7,600
	44,440	48,965

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings		66,149	47,980
Taxation and social security		149,359	77,309
Accruals and deferred income		3,000	3,000
Other creditors		9,116	164,438
		227,624	292,727

Included in creditors due within one year is £47,980 (2022: £57,985) which is secured.

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings		380,358	464,677

Included in creditors due in more than one year is £464,677 (2022: £530,826) which is secured.

Charis House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

7	Related party transactions

Transactions with directors

2024	At 1 November 2023 £	Advances to director £	Repayments by director £	At 31 October 2024 £
Mr V Mangaleshwaran
	(36,244)	180,341	(128,159)	15,937