Charulata Limited - Limited company accounts 18.2

REGISTERED NUMBER: 11413272 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Period 13 June 2018 to 30 June 2019

for

Charulata Limited

Page

Company Information

1

Report of the Directors

2

Statement of Directors' Responsibilities

3

Income Statement

4

Balance Sheet

5

Notes to the Financial Statements

6

DIRECTORS:

Pinecroft Corporate Services Limited

D Miles

REGISTERED OFFICE:

C/o Foresight Group Llp The Shard

32 London Bridge Street

London

SE1 9SG

REGISTERED NUMBER:

11413272 (England and Wales)

The directors present their report with the financial statements of the company for the period 13 June 2018 to 30 June 2019.

INCORPORATION

The company was incorporated on 13 June 2018 .

PRINCIPAL ACTIVITY

The principal activity of the company was to invest into trading companies

DIRECTORS

The directors who have held office during the period from 13 June 2018 to the date of this report

are as follows:

J A Livingston - appointed 13 June 2018

Pinecroft Corporate Services Limited - appointed 13 June 2018

D Miles was appointed as a director after 30 June 2019 but prior to the date of this report.

J A Livingston ceased to be a director after 30 June 2019 but prior to the date of this report.

Both the directors who are eligible offer themselves for election at the forthcoming first Annual

General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act

2006 relating to small companies.

ON BEHALF OF THE BOARD:

D Miles - Director

10 March 2020

The directors are responsible for preparing the Report of the Directors and the financial statements

in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under

that law the directors have elected to prepare the financial statements in accordance with United

Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and

applicable law). Under company law the directors must not approve the financial statements unless

they are satisfied that they give a true and fair view of the state of affairs of the company and of

the profit or loss of the company for that period. In preparing these financial statements, the

directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

The directors are responsible for keeping adequate accounting records that are sufficient to show

and explain the company's transactions and disclose with reasonable accuracy at any time the

financial position of the company and enable them to ensure that the financial statements comply

with the Companies Act 2006. They are also responsible for safeguarding the assets of the

company and hence for taking reasonable steps for the prevention and detection of fraud and

other irregularities.

TURNOVER

-

Gain/loss on revaluation of
investments

1,200,000

OPERATING PROFIT and

PROFIT BEFORE TAXATION

1,200,000

Tax on profit

-

PROFIT FOR THE FINANCIAL
PERIOD

1,200,000

FIXED ASSETS

Investments

4

1,200,000

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,200,000

RESERVES

Retained earnings

1,200,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors on 10 March 2020 and were
signed on its behalf by:

D Miles - Director

1.	STATUTORY INFORMATION

Charulata 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.

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.

4.	FIXED ASSET INVESTMENTS

Other

investment

£

COST OR VALUATION

At 13 June 2018

and 30 June 2019

1,200,000

NET BOOK VALUE

At 30 June 2019

1,200,000

At 12 June 2018

1,200,000

Cost or valuation at 30 June 2019 is represented by:

Other

investment

£

Valuation in 2019

1,200,000