Charlotte House Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04992610 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2014

for

Charlotte House Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Ms P Mullen

Mr T Udberg

SECRETARY:

Mr T Udberg

REGISTERED OFFICE:

7-15 Gallowgate

Newcastle Upon Tyne

Tyne and Wear

NE1 4SG

REGISTERED NUMBER:

04992610 (England and Wales)

ACCOUNTANTS:

RHK Business Advisers LLP

Chartered Accountants

and Business Advisers

Coburg House

1 Coburg Street

Gateshead

Tyne & Wear

NE8 1NS

FIXED ASSETS

Tangible assets

2

38,004

55,071

CURRENT ASSETS

Debtors

130,405

172,052

CREDITORS

Amounts falling due within one year

3

278,339

283,655

NET CURRENT LIABILITIES

(147,934

)

(111,603

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(109,930

)

(56,532

)

CAPITAL AND RESERVES

Called up share capital

4

60

60

Profit and loss account

(109,990

)

(56,592

)

SHAREHOLDERS' FUNDS

(109,930

)

(56,532

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 30 September 2015 and were signed on its behalf by:

Ms P Mullen - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared on the going concern basis due to the continued support of the

company's creditors.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover reflects rents receivable for the period being recorded as income in the profit and loss account,

excluding value added tax.

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

-

20% on reducing balance and in accordance with length of lease

Deferred tax

The charge for taxation takes into account taxation deferred as a result of timing differences between the

treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised

in respect of all timing differences that have originated but not reversed at the balance sheet date. However,

deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred taxation is measured on a non-discounted basis at the average tax rates that would apply when the

timing differences are expected to reverse, based on tax rates and laws that have been enacted by the

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

112,312

DEPRECIATION

At 1 January 2014

57,241

Charge for year

17,067

At 31 December 2014

74,308

NET BOOK VALUE

At 31 December 2014

38,004

At 31 December 2013

55,071

3.

CREDITORS

Creditors include an amount of £ 55,717 (2013 - £ 31,905 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

as restated

£

£

60

Ordinary

£1

60

60