Charmford (Lomax Apartments) Ltd - Accounts to registrar - small 17.2

CHARMFORD (LOMAX APARTMENTS) LTD - Company Information

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REGISTERED NUMBER: 06705373 (England and Wales)

Financial Statements for the Year Ended 31 December 2016

for

Charmford (Lomax Apartments) Ltd

Page

Company Information

Chartered Certified Accountants' Report

Statement of Financial Position

Notes to the Financial Statements

DIRECTOR:

R McLaughlin

SECRETARY:

R McLaughlin

REGISTERED OFFICE:

Unit 1B Walford Works

Longford Road

Cannock

Staffordshire

WS11 0LF

REGISTERED NUMBER:

06705373 (England and Wales)

ACCOUNTANTS:

Hamiltons Group Limited

Chartered Certified Accountants

Meriden House

6 Great Cornbow

Halesowen

West Midlands

B63 3AB

The following reproduces the text of the report prepared for the director and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and

certain other primary statements and the Report of the Director are not required to be filed with the Registrar of

Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Charmford (Lomax Apartments) Ltd for the year ended 31 December 2016 which comprise the

Income Statement, Statement of Financial Position, and the related notes from the company's accounting records and

from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Charmford (Lomax Apartments) Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Charmford (Lomax Apartments) Ltd and state those matters that we have agreed to state to the director of Charmford (Lomax Apartments) Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Charmford (Lomax Apartments) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Charmford (Lomax Apartments) Ltd. You consider that Charmford (Lomax Apartments) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Charmford (Lomax Apartments) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hamiltons Group Limited

Chartered Certified Accountants

Meriden House

6 Great Cornbow

Halesowen

West Midlands

B63 3AB

25 September 2017

FIXED ASSETS

Property, plant and equipment

361,150

CURRENT ASSETS

Cash at bank

467

CREDITORS

Amounts falling due within one year

96,167

93,708

NET CURRENT LIABILITIES

(95,700

)

(93,616

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

265,450

267,534

CREDITORS

Amounts falling due after more than one
year

250,173

258,481

NET ASSETS

15,277

9,053

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

15,177

8,953

SHAREHOLDERS' FUNDS

15,277

9,053

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 director acknowledges his 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 director on 25 September 2017 and were signed by:

R McLaughlin - Director

1.	STATUTORY INFORMATION

Charmford (Lomax Apartments) Ltd 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.

The company has adopted FRS 102 (Section 1A) for the first time in the year ended 31 December 2016.

The financial statements are presented in pound sterling which is the functional currency of the company and

rounded to the nearest £.

Turnover

Revenue 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.

Land and buildings

Depreciation has been provided at a rate of 0% on freehold land and buildings as they are maintained in a

continual state of sound repair, their lives are long and residual values are such that depreciation is not material.

3.	PROPERTY, PLANT AND EQUIPMENT

Land and

buildings

COST

At 1 January 2016

and 31 December 2016

361,150

NET BOOK VALUE

At 31 December 2016

361,150

At 31 December 2015

361,150

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

Other loans

8,308

7,418

Amounts owed to related parties

48,809

47,846

Corporation tax

1,556

962

Other creditors

960

Directors' accounts

36,534

36,522

Accruals and deferred income

960

96,167

93,708

Amounts owed to related parties do not bear interest, are unsecured and are repayable on demand.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2016

2015

Other loans - 1-2 years

54,893

50,442

Other loans more 5yrs instal

195,280

208,039

250,173

258,481

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

195,280

208,039

6.	SECURED DEBTS

The following secured debts are included within creditors:

2016

2015

Loan

258,481

265,899

The loan dated 30 October 2013 incorporates a fixed and floating charge over the freehold interest in the

land and property known as land on the north west side of 46 Lomax Road, Hednesford, Cannock WS12 4BU.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

100

Ordinary

£1

100

8.	TRANSITION TO FRS 102

This is the first year that the company has presented its results under FRS 102 (Section 1A). The last financial

statements under the UK GAAP were for the year ended 31 December 2015. The date of transition to FRS 102

(Section 1A) was 1 January 2015.