Abbreviated Company Accounts - CHARARD LIMITED

06746389 CHARARD LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 06746389 2013-04-01 2014-03-31 06746389 2014-03-31 06746389 2013-03-31 06746389 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 06746389 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 06746389

CHARARD LIMITED

Abbreviated Accounts

31 March 2014

CHARARD LIMITED Registered Number 06746389

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	30,750	30,750
		30,750	30,750
Current assets
Cash at bank and in hand		90	90
		90	90
Creditors: amounts falling due within one year		(32,669)	(31,855)
Net current assets (liabilities)		(32,579)	(31,765)
Total assets less current liabilities		(1,829)	(1,015)
Total net assets (liabilities)		(1,829)	(1,015)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(1,929)	(1,115)
Shareholders' funds		(1,829)	(1,015)

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 6 June 2014

And signed on their behalf by:
P Flannery, Director

CHARARD LIMITED Registered Number 06746389

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Land and buildings - Not depreciated

Investment Properties

In accordance with SSAP 19 "Accounting for Investment Properties" properties held for long term investment are revalued annually and are included in the balance sheet at their open market values. The aggregate surplus or deficit is transferred to the revaluation reserve. Depreciation is not provided in respect of freehold investment properties.

The application of this standard represents a departure from the requirements of the Companies Act 2006 , to provide systematic annual depreciation for all fixed assets. Whilst the statutory requirement conflicts with the generally accepted accounting basis set out in SSAP 19, the directors consider that as these properties are not held for consumption but for their investment potential,to depreciate them would not give a true and fair view. If this departure from the Companies Act had not been made,the profit in the financial period would have been reduced by the depreciation charge. Depreciation is one of a number of factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified nor quantified.

2Tangible fixed assets

	£
Cost
At 1 April 2013	30,750
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	30,750
Depreciation
At 1 April 2013	-
Charge for the year	-
On disposals	-
At 31 March 2014	-
Net book values
At 31 March 2014	30,750
At 31 March 2013	30,750

Land & Buildings comprises an investment in land which is valued on basis of its open market value (OMV) as at 31 March 2014 by Mr P Flannery ,a company Director who has property experience acquired in the course of his professional work in quantity surveying.

This policy represents a departure from the Companies Act 2006, to provide systematic annual depreciation for fixed assets.However , as the property is held for investment and not consumption,the Directors consider the adoption of this policy appropriate.

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100