Charville Estates Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 01567152 (England and Wales)

CHARVILLE ESTATES LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R C Pulford FRICS

D J Pulford FRICS

Mrs A Pulford

Mrs M N L Pulford

SECRETARY:

R C Pulford FRICS

REGISTERED OFFICE:

940 Green Lanes

London

N21 2AD

REGISTERED NUMBER:

01567152 (England and Wales)

ACCOUNTANTS:

Graeme Bruce & Partners LLP

940 Green Lanes

London

N21 2AD

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

570,000

570,000

570,000

570,000

CURRENT ASSETS

Stocks

1

1

Debtors

6

46,794

104,534

Cash at bank

37,294

56,362

84,089

160,897

CREDITORS

Amounts falling due within one year

7

5,786,902

5,864,387

NET CURRENT LIABILITIES

(5,702,813

)

(5,703,490

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,132,813

)

(5,133,490

)

CAPITAL AND RESERVES

Called up share capital

150

150

Revaluation reserve

8

(1,032,800

)

(1,032,800

)

Retained earnings

(4,100,163

)

(4,100,840

)

SHAREHOLDERS' FUNDS

(5,132,813

)

(5,133,490

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 28 September 2023 and were signed on its behalf by:

R C Pulford FRICS - Director

1.	STATUTORY INFORMATION

Charville Estates 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 is measured at the fair value of the consideration received or receivable, 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.

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2022

and 31 December 2022

11,097

DEPRECIATION

At 1 January 2022

and 31 December 2022

11,097

NET BOOK VALUE

At 31 December 2022

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2022

and 31 December 2022

570,000

NET BOOK VALUE

At 31 December 2022

570,000

At 31 December 2021

570,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Other Debtors

10,381

10,381

Trade Debtors

36,413

94,153

46,794

104,534

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Bank loans and overdrafts

484,038

1,038,964

Trade creditors

(1

)

(1

)

Taxation and social security

11,691

12,548

Other creditors

5,291,174

4,812,876

5,786,902

5,864,387

8.

RESERVES

Revaluation

reserve

£

At 1 January 2022

and 31 December 2022

(1,032,800

)

9.	CONVERTIBLE LOAN STOCK

Included within other creditors is an amount of £1,974,000 in relation to Convertible Loan Stock.

The conversion rights attached to the loan stock are as follows: The stockholder may at any time, on or after 30 June 2001, require the Company to allot ordinary shares fully paid or credited as fully paid in the Company in exchange for and in satisfaction of, such part of the Stock which the conversion notice relates. The number of ordinary shares to be alloted shall be on the basis of 1 ordinary share for every £5,650 nominal stock to be converted. This loan stock relates to the loans incurred on the trading activities of the company.