Charing TN27 Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 08812859 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2022

for

Charing TN27 Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P S Kang

B Kang

REGISTERED OFFICE:

20 Market Place

Kingston upon Thames

Surrey

KT1 1JP

REGISTERED NUMBER:

08812859 (England and Wales)

ACCOUNTANTS:

Osbornes Accountants Limited

20 Market Place

Kingston

Surrey

KT1 1JP

FIXED ASSETS

Tangible assets

4

1

1,081

CURRENT ASSETS

Stocks

1,370,346

1,188,346

Debtors

5

13,803

13,798

Cash at bank

61,008

19,196

1,445,157

1,221,340

CREDITORS

Amounts falling due within one year

6

1,447,172

1,215,552

NET CURRENT (LIABILITIES)/ASSETS

(2,015

)

5,788

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,014

)

6,869

CREDITORS

Amounts falling due after more than one year

7

(29,690

)

(39,113

)

PROVISIONS FOR LIABILITIES

-

(205

)

NET LIABILITIES

(31,704

)

(32,449

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(31,804

)

(32,549

)

SHAREHOLDERS' FUNDS

(31,704

)

(32,449

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 April 2023 and were signed on its behalf by:

B Kang - Director

P S Kang - Director

1.	STATUTORY INFORMATION

Charing TN27 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 Statement of Income and Retained Earnings, 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 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2021

and 30 June 2022

3,241

DEPRECIATION

At 1 July 2021

2,160

Charge for year

1,080

At 30 June 2022

3,240

NET BOOK VALUE

At 30 June 2022

1

At 30 June 2021

1,081

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other debtors

13,803

13,798

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

297

280

Tax

1,680

1,393

Other creditors

1,395,160

1,190,160

Directors' current accounts

38,835

12,519

Accrued expenses

1,200

1,200

1,447,172

1,215,552

The directors' current accounts are interest free and are repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans - 1-2 years

10,000

10,000

Bank loans - 2-5 years

19,690

29,113

29,690

39,113

8.	RELATED PARTY DISCLOSURES

The amount due to a company under the same control as Charing TN27 Limited amounted to £1,395,160 at 30 June 2022 (2021 - £1,190,160).