Accounts filed on 31-03-2016
Accounts filed on 31-03-2016
trueCharm Investments Limited054778572016-03-3112594411676312594511676411125945116764125945116764-282563-29174446571343907318315014732908977218315057557408508408508408508408508Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents rents receivable during the year.
Investment properties
Investment properties are valued at open market value annually. Investment properties are not depreciated. This departure from the requirements of the Companies Act 2006 which require all properties to be depreciated is, in the opinion of the directors, necessary for the financial statements to show a true and fair view in accordance with applicable accounting standards. The depreciation charge is only one of the factors reflected in the annual valuation and therefore the effect of the departure cannot be readily quantified.Deferred taxation
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.
Provision is made for tax on gains arising from the revaluation of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
408508408508408508408508Ordinary1111During the year, the company made an advance to a director amounting to £2,233 (2015: £88,287). During the year, the company charged the director interest amounting to £2,307 (2015: £1,485 outstanding at the year end), on the advance from the company, which was repaid during the year. The interest rate was 3.5%. At the year end, the director owed the company an amount of £nil (2015: £89,772). The advance was repayable on demand.2016-12-18H Vans Agnewtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureCharm Investments Limited2015-04-012016-03-31Charm Investments Limited2014-04-012015-03-31Charm Investments Limited2014-03-31Charm Investments Limited2015-03-31Charm Investments Limited2015-03-31Charm Investments Limited2016-03-31 2016-12-21
