Charmark Properties Limited - Abbreviated accounts 16.1

Charmark Properties Limited - Abbreviated accounts 16.1


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REGISTERED NUMBER: 00107641 (England and Wales)















Abbreviated Unaudited Accounts For The Year Ended 31 March 2016

for

Charmark Properties Limited

Charmark Properties Limited (Registered number: 00107641)

Contents of the Abbreviated Accounts
For The Year Ended 31 March 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Charmark Properties Limited

Company Information
For The Year Ended 31 March 2016







DIRECTORS: Mr G B Lewis
Mr C B Lewis
Mrs J M Lewis
Mr 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

Charmark Properties Limited (Registered number: 00107641)

Abbreviated Balance Sheet
31 March 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 1,677 2,237
Investment property 3 1,000,000 1,000,000
1,001,677 1,002,237

CURRENT ASSETS
Debtors 4 1,818 -
Cash at bank 24,371 8,948
26,189 8,948
CREDITORS
Amounts falling due within one year 5 102,285 77,840
NET CURRENT LIABILITIES (76,096 ) (68,892 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

925,581

933,345

CREDITORS
Amounts falling due after more than one
year

5

80,732

91,607
NET ASSETS 844,849 841,738

CAPITAL AND RESERVES
Called up share capital 6 4,000 4,000
Revaluation reserve 872,735 872,735
Profit and loss account (31,886 ) (34,997 )
SHAREHOLDERS' FUNDS 844,849 841,738

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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.

Charmark Properties Limited (Registered number: 00107641)

Abbreviated Balance Sheet - continued
31 March 2016


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 26 October 2016 and were signed on its behalf by:





Mr G B Lewis - Director


Charmark Properties Limited (Registered number: 00107641)

Notes to the Abbreviated Accounts
For The Year Ended 31 March 2016


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the revaluation
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January
2015).

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 open market value. Any surplus or deficit arising from changes in market value
is transferred to a revaluation reserve unless a deficit, or its reversal, on an individual investment property is
expected to be permanent, in which case it is recognised in the profit and loss account for the year.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay
more, or a right to pay less or to receive more tax, with the following exceptions:

- Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed
assets only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets
concerned.

- Deferred tax assets are only recognised to the extent that the directors consider that it is more likely than not
that there will be suitable taxable profits from which the future reversal of the underlying timing differences can
be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the period in
which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance
sheet date.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 30,251
DEPRECIATION
At 1 April 2015 28,014
Charge for year 560
At 31 March 2016 28,574
NET BOOK VALUE
At 31 March 2016 1,677
At 31 March 2015 2,237

Charmark Properties Limited (Registered number: 00107641)

Notes to the Abbreviated Accounts - continued
For The Year Ended 31 March 2016


3. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 April 2015
and 31 March 2016 1,000,000
NET BOOK VALUE
At 31 March 2016 1,000,000
At 31 March 2015 1,000,000

4. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 1,818

5. CREDITORS

Creditors include an amount of £ 91,385 (2015 - £ 102,260 ) for which security has been given.

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
4,000 Ordinary shares £1 4,000 4,000