Blesscharm Limited - Accounts to registrar

REGISTERED NUMBER: 02810875 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2016

for

Blesscharm Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Miss T C Pobjoy

D C Pobjoy

SECRETARY:

T J Warner

REGISTERED OFFICE:

Millennia House

Kingswood Park

Bonsor Drive

Tadworth

Surrey

KT20 6AY

REGISTERED NUMBER:

02810875 (England and Wales)

ACCOUNTANTS:

Williams & Co

Chartered Accountants

8/10 South Street

Epsom

Surrey

KT18 7PF

BANKERS:

Barclays Bank Plc

8-9 Hanover Square

London

W1A 4ZW

CURRENT ASSETS

Debtors

3

713,800

699,087

Cash at bank

141,465

145,225

855,265

844,312

CREDITORS

Amounts falling due within one year

4

666,566

665,500

NET CURRENT ASSETS

188,699

178,812

TOTAL ASSETS LESS CURRENT
LIABILITIES

188,699

178,812

CAPITAL AND RESERVES

Called up share capital

5

1,000

Retained earnings

187,699

177,812

SHAREHOLDERS' FUNDS

188,699

178,812

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

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

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 1 September 2017 and were signed on its
behalf by:

Miss T C Pobjoy - Director

1.	STATUTORY INFORMATION

Blesscharm 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced leasing charges, excluding value added tax.

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.

DEBTORS

2016

2015

£

Amounts falling due within one year:

Amounts owed by group undertakings

52,219

37,026

Prepayments and accrued income

1,152

1,632

53,371

38,658

Amounts falling due after more than one year:

Gold loan to connected company

660,429

Aggregate amounts

713,800

699,087

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

Trade creditors

-

(1

)

Tax

2,472

1,679

VAT

1,045

773

Other creditors

2,620

Loan creditor

660,429

666,566

665,500

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,000

Ordinary

£1

1,000

6.	RELATED PARTY DISCLOSURES

The company has made a gold bullion loan of £660,429 (2015: £660,429) to Pobjoy Mint Limited, a

subsidiary company of a group controlled by the directors.

The company has also received a gold bullion loan of £660,429 (2015: £660,429) from a pension fund of

which the directors are trustees. Both transactions are within the normal terms of the company's business.

Included in other debtors is £52,219 (2015: £37,026) due from Pobjoy Mint Limited, a subsidiary company

of a group controlled by the directors.

These loans are repayable on demand.

In the year interest was invoiced to Pobjoy Mint Limited, a subsidiary company of a group controlled by the

directors of £12,815 (2015: £8,358).

7.	ULTIMATE CONTROLLING PARTY

During the year, the company was wholly owned and controlled by the directors.

Blesscharm Limited - Accounts to registrar - small 17.2

Blesscharm Limited - Accounts to registrar - small 17.2