Charmark Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00107641 (England and Wales)

Unaudited Financial Statements For The Year Ended 31 March 2019

for

Charmark Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G B Lewis

C B Lewis

Mrs J M Lewis

M B Lewis

SECRETARY:

Mrs J M Lewis

REGISTERED OFFICE:

Brooke House

2 Poplars Farm Close

Hannington

Northampton

NORTHAMPTONSHIRE

NN6 9GL

REGISTERED NUMBER:

00107641 (England and Wales)

ACCOUNTANTS:

Harris & Clarke LLP

7 Billing Road

Northampton

NORTHAMPTONSHIRE

NN1 5AN

FIXED ASSETS

Property, plant and equipment

4

1,781

2,375

Investment property

5

473,200

473,200

474,981

475,575

CURRENT ASSETS

Debtors

6

221

221

Investments

7

344,559

312,636

Cash at bank

30,988

63,472

375,768

376,329

CREDITORS

Amounts falling due within one year

8

17,844

16,571

NET CURRENT ASSETS

357,924

359,758

TOTAL ASSETS LESS CURRENT LIABILITIES

832,905

835,333

CAPITAL AND RESERVES

Called up share capital

4,000

4,000

Revaluation reserve

9

412,978

412,978

Retained earnings

415,927

418,355

832,905

835,333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 9 August 2019 and were signed on its behalf by:

G B Lewis - Director

1.	STATUTORY INFORMATION

Charmark Properties Limited 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 represenrs rent receivable on an accruals basis, excluding discounts, rebates, value added tax and

other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Taxation

Taxation for the year 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 year 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 year was 4 (2018 - 4 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 April 2018

and 31 March 2019

32,159

DEPRECIATION

At 1 April 2018

29,784

Charge for year

594

At 31 March 2019

30,378

NET BOOK VALUE

At 31 March 2019

1,781

At 31 March 2018

2,375

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2018

and 31 March 2019

473,200

NET BOOK VALUE

At 31 March 2019

473,200

At 31 March 2018

473,200

6.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Other debtors

221

221

7.	CURRENT ASSET INVESTMENTS

Current asset investments are stated at market value at the year end.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

31

719

Taxation and social security

4,672

2,769

Other creditors

13,141

13,083

17,844

16,571

9.

RESERVES

Revaluation

reserve

£

At 1 April 2018

and 31 March 2019

412,978