Charm Investments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05477857 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Charm Investments Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Investment property

4

855,000

430,000

Current assets

Debtors

5

-

405

Cash at bank

116,732

241,465

116,732

241,870

Creditors

Amounts falling due within one year

6

844,349

507,798

Net current liabilities

(727,617

)

(265,928

)

Total assets less current liabilities

127,383

164,072

Capital and reserves

Called up share capital

7

1

1

Fair value reserve

8

21,492

21,492

Retained earnings

105,890

142,579

Shareholders' funds

127,383

164,072

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors on 12 December 2019 and were signed on its behalf by:

H M Vans Agnew - Director

1.	Statutory information

Charm Investments Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address are as below:

Registered number:

05477857

Registered office:

Slough Place Farm

Staplefield Road

Cuckfield

West Sussex

RH17 5JD

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

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents

amounts receivable for services rendered.

When the outcome of a transaction involving the rendering of services can be reliably estimated,

revenue from the rendering of services is measured by reference to the stage of completion of the

service transaction at the end of the reporting period. When the outcome of a transaction involving the

rendering of services cannot be reliably estimated, revenue is recognised only to the extent that

expenses recognised are recoverable.

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 Profit and loss

account, 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.

3.	Employees and directors

The average number of employees during the year was NIL (2018 - NIL).

4.	Investment property

Total

£

Fair value

At 1 April 2018

430,000

Additions

443,504

Revaluations

(18,504

)

At 31 March 2019

855,000

Net book value

At 31 March 2019

855,000

At 31 March 2018

430,000

The investment properties have been valued at fair value at the balance sheet date by the directors,

based on the open market value of similar properties.

5.

Debtors: amounts falling due within one year

2019

2018

£

£

Other debtors

-

405

6.

Creditors: amounts falling due within one year

2019

2018

£

£

Taxation and social security

426

2,122

Other creditors

843,923

505,676

844,349

507,798

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

1

Ordinary

£1

1

1

8.

Reserves

Fair

value

reserve

£

At 1 April 2018

and 31 March 2019

21,492

9.	Directors' advances, credits and guarantees

During the year, the company advanced the directors an amount of £8 (2018: £5,555) and the

directors repaid £412 (2018: £200,339). At the year end, the directors owed the company £nil (2018:

£405). The company charged interest at 3.5%. The advances were unsecured and repayable on

demand.

10.	Related party disclosures

At the year end, the company owed the directors £292,449 (2018: £nil).

During the year, the company voted dividends amounting to £20,000 (2018: nil) and paid interest

amounting to £25,798 (2018: £nil) to the shareholders. At the year end, the company owed the

shareholders £550,034 (2018: £nil).