CHARWIN INVESTMENTS LIMITED - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 00606735 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2017

for

CHARWIN INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C R Newton

Mrs J W Bartlett

SECRETARY:

C R Newton

REGISTERED OFFICE:

3 John Moore Gardens

Cheltenham

Gloucestershire

GL50 2LY

REGISTERED NUMBER:

00606735 (England and Wales)

ACCOUNTANTS:

LYALL YOUNGMAN

2 Place Farm

Wheathampstead

St Albans

Hertfordshire

AL4 8SB

FIXED ASSETS

Tangible assets

5

1

1

Investments

6

10,632

11,116

Investment property

7

690,000

437,144

700,633

448,261

CURRENT ASSETS

Debtors

8

203

195

Cash at bank

25,793

23,360

25,996

23,555

CREDITORS

Amounts falling due within one year

9

15,658

14,717

NET CURRENT ASSETS

10,338

8,838

TOTAL ASSETS LESS CURRENT LIABILITIES

710,971

457,099

PROVISIONS FOR LIABILITIES

48,043

-

NET ASSETS

662,928

457,099

CAPITAL AND RESERVES

Called up share capital

20

20

Fair value reserve

10

204,813

-

Retained earnings

10

458,095

457,079

SHAREHOLDERS' FUNDS

662,928

457,099

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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 31 July 2017 and were signed on its behalf by:

C R Newton - Director

1.	STATUTORY INFORMATION

CHARWIN INVESTMENTS 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

Investment property

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at

fair value at each reporting date with changes in fair value recognised in profit or loss.

The methods and significant assumptions used to ascertain the fair value at the balance sheet date and fair value

movement included in the profit or loss for the year are as follows:

Properties are valued using an open market valuation on freehold basis, conducted annually, by local estate

agents.

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.

Income recognition

Rental income is measured at the fair value of the consideration received or receivable. Rental income is

recognised when the provision of the leased property is made available.

Other income is recognised when earned.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 July 2016

and 30 June 2017

419

DEPRECIATION

At 1 July 2016

and 30 June 2017

418

NET BOOK VALUE

At 30 June 2017

1

At 30 June 2016

1

6.	FIXED ASSET INVESTMENTS

2017

2016

£

£

Other investments not loans

10,632

11,116

Additional information is as follows:

Other

investments

£

COST

At 1 July 2016

548

Disposals

(548

)

At 30 June 2017

-

NET BOOK VALUE

At 30 June 2017

-

At 30 June 2016

548

Investments (neither listed nor unlisted) were as follows:

2017

2016

£

£

Nationwide Building Society

10,632

10,568

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2016

437,144

Revaluations

252,856

At 30 June 2017

690,000

NET BOOK VALUE

At 30 June 2017

690,000

At 30 June 2016

437,144

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Prepayments

203

195

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Tax

1,618

872

Social security and other taxes

950

950

Proposed dividends

6,000

6,000

Directors' loan accounts

5,050

5,050

Accrued expenses

2,040

1,845

15,658

14,717

10.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 July 2016

457,079

-

457,079

Profit for the year

211,829

211,829

Dividends

(6,000

)

(6,000

)

Transfer to Fair value reserve - not distributable

(204,813

)

204,813

-

At 30 June 2017

458,095

204,813

662,908

11.	ULTIMATE CONTROLLING PARTY

There is no controlling party.

12.	FIRST YEAR ADOPTION FRS102

Under FRS 102 the investment properties have been included at fair value, previously these were recognised at

cost.The fair value revaluation and related deferred tax charge are reflected in the profit and loss account of the

period in which the fair value is adjusted and included in the Fair value reserve on the balance sheet. The fair

value adjustment in the year to 30 June 2017 is £252,856 and the deferred tax provided in respect of this is

£48,043.

The other policies applied under the entity's previous accounting framework are not materially different to FRS

102 and have not impacted on equity or profit or loss.