Charlton Haynes Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 09297180 (England and Wales)

CHARLTON HAYNES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

S J Winner

Mrs K A Winner

REGISTERED OFFICE:

Quarries House

2 Cobbett Road

Burntwood

Staffordshire

WS7 3GL

REGISTERED NUMBER:

09297180 (England and Wales)

ACCOUNTANTS:

Inspired Accountants (UK) Limited

Chartered Accountants

4 Parkside Court

Greenhough Road

Lichfield

Staffordshire

WS13 7AU

FIXED ASSETS

Tangible assets

5

67,416

38,602

Investments

6

200,143

-

Investment property

7

15,775,950

11,070,000

16,043,509

11,108,602

CURRENT ASSETS

Debtors

8

22,381

19,817

Cash at bank and in hand

277,701

118,905

300,082

138,722

CREDITORS

Amounts falling due within one year

9

1,595,856

265,655

NET CURRENT LIABILITIES

(1,295,774

)

(126,933

)

TOTAL ASSETS LESS CURRENT LIABILITIES

14,747,735

10,981,669

CREDITORS

Amounts falling due after more than one year

10

(6,349,060

)

(5,174,587

)

PROVISIONS FOR LIABILITIES

(1,540,564

)

(1,144,541

)

NET ASSETS

6,858,111

4,662,541

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

6,858,011

4,662,441

SHAREHOLDERS' FUNDS

6,858,111

4,662,541

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 29 March 2018 and were signed on its behalf by:

S J Winner - Director

1.	STATUTORY INFORMATION

Charlton Haynes 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.	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.

Plant and machinery etc

-

20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2017

38,602

Additions

40,418

At 31 December 2017

79,020

DEPRECIATION

Charge for year

11,604

At 31 December 2017

11,604

NET BOOK VALUE

At 31 December 2017

67,416

At 31 December 2016

38,602

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

200,143

At 31 December 2017

200,143

NET BOOK VALUE

At 31 December 2017

200,143

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2017

11,070,000

Additions

2,424,267

Revaluations

2,281,683

At 31 December 2017

15,775,950

NET BOOK VALUE

At 31 December 2017

15,775,950

At 31 December 2016

11,070,000

Fair value at 31 December 2017 is represented by:

£

Valuation in 2015

1,629,628

Valuation in 2016

4,093,075

Valuation in 2017

2,281,683

Cost

7,771,564

15,775,950

If investment property had not been revalued it would have been included at the following historical cost:

31/12/17

31/12/16

£

£

Cost

7,771,564

5,347,297

Investment property was valued on an open market basis basis on 31 December 2017 by the directors of the parent company

.

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/17

31/12/16

£

£

Trade debtors

22,381

19,817

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/17

31/12/16

£

£

Bank loans and overdrafts

276,296

155,805

Tenants deposits

327,543

85,698

Trade creditors

57,827

(613

)

Amounts owed to group undertakings

858,624

43

Taxation and social security

71,566

22,222

Other creditors

4,000

2,500

1,595,856

265,655

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/17

31/12/16

£

£

Bank loans

3,167,886

1,814,328

Amounts owed to group undertakings

1,905,854

1,957,854

Other creditors

1,275,320

1,402,405

6,349,060

5,174,587

31/12/17

31/12/16

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,062,703

1,191,109

Other loans more 5yrs instal

1,275,320

1,402,405

3,338,023

2,593,514

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is TwentyFive 8 Management Limited.