CHARWIN INVESTMENTS LIMITED - Accounts to registrar (filleted) - small 18.2

CHARWIN INVESTMENTS LIMITED - Accounts to registrar (filleted) - small 18.2

CHARWIN INVESTMENTS LIMITED - Company Information

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REGISTERED NUMBER: 00606735 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 June 2018

for

CHARWIN INVESTMENTS LIMITED
CHARWIN INVESTMENTS LIMITED (Registered number: 00606735)






Contents of the Financial Statements
for the Year Ended 30 June 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHARWIN INVESTMENTS LIMITED

Company Information
for the Year Ended 30 June 2018







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
Page 1
CHARWIN INVESTMENTS LIMITED (Registered number: 00606735)

Balance Sheet
30 June 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1 1
Investments 6 10,708 10,632
Investment property 7 690,000 690,000
700,709 700,633

CURRENT ASSETS
Debtors 8 277 203
Cash at bank 18,392 25,793
18,669 25,996
CREDITORS
Amounts falling due within one year 9 14,029 15,658
NET CURRENT ASSETS 4,640 10,338
TOTAL ASSETS LESS CURRENT
LIABILITIES
705,349
710,971

PROVISIONS FOR LIABILITIES 48,043 48,043
NET ASSETS 657,306 662,928

CAPITAL AND RESERVES
Called up share capital 20 20
Fair value reserve 10 204,813 204,813
Retained earnings 10 452,473 458,095
SHAREHOLDERS' FUNDS 657,306 662,928

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 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 notes form part of these financial statements

Page 2 continued...
CHARWIN INVESTMENTS LIMITED (Registered number: 00606735)

Balance Sheet - continued
30 June 2018


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 6 December 2018 and were signed on its behalf by:





C R Newton - Director


The notes form part of these financial statements

Page 3
CHARWIN INVESTMENTS LIMITED (Registered number: 00606735)

Notes to the Financial Statements
for the Year Ended 30 June 2018

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.

Page 4 continued...
CHARWIN INVESTMENTS LIMITED (Registered number: 00606735)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2018

3. ACCOUNTING POLICIES - continued

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 (2017 - 2 ) .

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2017
and 30 June 2018 419
DEPRECIATION
At 1 July 2017
and 30 June 2018 418
NET BOOK VALUE
At 30 June 2018 1
At 30 June 2017 1

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2018 2017
£    £   
Nationwide Building Society 10,708 10,632

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2017
and 30 June 2018 690,000
NET BOOK VALUE
At 30 June 2018 690,000
At 30 June 2017 690,000


Page 5 continued...
CHARWIN INVESTMENTS LIMITED (Registered number: 00606735)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2018

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Prepayments 277 203

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Tax 89 1,618
Social security and other taxes 1,056 950
Proposed dividends 6,000 6,000
Directors' loan accounts 4,944 5,050
Accrued expenses 1,940 2,040
14,029 15,658

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 July 2017 458,095 204,813 662,908
Profit for the year 378 378
Dividends (6,000 ) (6,000 )
At 30 June 2018 452,473 204,813 657,286

11. ULTIMATE CONTROLLING PARTY

There is no controlling party.

Page 6