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Registered number: 16129438
Charis Stay Ltd
Unaudited ABRIDGED Financial Statements
For the Period 11 December 2024 to 31 December 2025
VIBAS Accountants
Contents
Page
Abridged Balance Sheet 1
Notes to the Abridged Financial Statements 2
Page 1
Abridged Balance Sheet
Registered number: 16129438
31 December 2025
Notes £ £
CURRENT ASSETS
Debtors 1
Cash at bank and in hand 4,520
4,521
Creditors: Amounts Falling Due Within One Year (5,432 )
NET CURRENT ASSETS (LIABILITIES) (911 )
TOTAL ASSETS LESS CURRENT LIABILITIES (911 )
Creditors: Amounts Falling Due After More Than One Year (4,200 )
NET LIABILITIES (5,111 )
CAPITAL AND RESERVES
Called up share capital 5 1
Profit and Loss Account (5,112 )
SHAREHOLDERS' FUNDS (5,111)
For the period ending 31 December 2025 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Starine Belie Awolos
Director
05/10/2026
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Abridged Financial Statements
1. General Information
Charis Stay Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 16129438 . The registered office is 36 Tarn Avenue, Accrington, BB5 5XU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Obligations Under Finance Leases and Hire Purchase
31 December 2025
£
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 4,200
5. Share Capital
31 December 2025
£
Called Up Share Capital not Paid 1
Amount of Allotted, Called Up Share Capital 1
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