St Charles Homes Ltd - Accounts to registrar (filleted) - small 18.1

St Charles Homes Ltd - Accounts to registrar (filleted) - small 18.1

ST CHARLES HOMES LTD - Company Information

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REGISTERED NUMBER: 07010949 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2017

FOR

ST CHARLES HOMES LTD
ST CHARLES HOMES LTD (REGISTERED NUMBER: 07010949)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ST CHARLES HOMES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2017







DIRECTOR: A Brotherton





REGISTERED OFFICE: 26 York Street
Mayfair
London
W1U 6PZ





REGISTERED NUMBER: 07010949 (England and Wales)





ACCOUNTANTS: George Hay & Company
Chartered Accountants
83 Cambridge Street
Pimlico
London
SW1V 4PS
Page 1
ST CHARLES HOMES LTD (REGISTERED NUMBER: 07010949)

BALANCE SHEET
30TH SEPTEMBER 2017

2017 2016
Notes £    £   
CURRENT ASSETS
Stocks 2,222,016 2,050,807
Debtors 3 150,239 121,717
Cash at bank 305,468 42,986
2,677,723 2,215,510
CREDITORS
Amounts falling due within one year 4 1,162,206 662,403
NET CURRENT ASSETS 1,515,517 1,553,107
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,515,517
1,553,107

CREDITORS
Amounts falling due after more than one
year
5
1,600,000
1,600,000
NET LIABILITIES (84,483 ) (46,893 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (84,484 ) (46,894 )
SHAREHOLDERS' FUNDS (84,483 ) (46,893 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2017 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 29th June 2018 and were signed by:




A Brotherton - Director


The notes form part of these financial statements

Page 2
ST CHARLES HOMES LTD (REGISTERED NUMBER: 07010949)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2017

1. STATUTORY INFORMATION

St Charles Homes 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

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.

First year adoption
This is the first year that the company has presented its results under FRS 102.
The last financial statements under UK GAAP were for the year ended 30th September 2016.
The date of transition to FRS 102 was 1st October 2016
There are no transitional adjustments arising from the first time adoption of FRS 102.

3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 17,938 -
Other debtors 107,301 96,717
Prepayments and accrued income 25,000 25,000
150,239 121,717

Page 3 continued...
ST CHARLES HOMES LTD (REGISTERED NUMBER: 07010949)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2017

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 20,944 3,054
Amounts owed to group undertakings 284,234 263,333
Amounts owed to associates 71,883 186,044
Other creditors 72,525 68,421
Directors' loan accounts 711,820 139,151
Accrued expenses 800 2,400
1,162,206 662,403

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Director's loan account 1,600,000 1,600,000

6. ULTIMATE CONTROLLING PARTY

The controlling party is A Brotherton.

Page 4