Company Registration Number 02631078 (England and Wales)
CHARMGOOD LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018
PAGES FOR FILING WITH REGISTRAR
CHARMGOOD LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2018
31 December 2018
- 1 -
2018
2017
£
£
£
£
Fixed assets
1,208
1,612
Current assets
69,810
80,137
Creditors: amounts falling due within one year
(3,145)
(2,665)
Net current assets
66,665
77,472
Total assets less current liabilities
67,873
79,084
Net assets
67,873
79,084
Capital and reserves
67,873
79,084
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees
At the beginning of the year the company was owed loans by the following directors and shareholders:
Ms HD O' Connor (director & shareholder) £2,000
Ms H Duggan (director & shareholder) £2,000
Ms E Tsenkova (shareholder) £2,000
During the year these loans were all repaid in full.
During the year a lease extension was granted to Ms HD O' Connor for a premium of £nil.
2
Average employees
The average number of persons
,
including directors
,
employed by the company during the year wa
s Nil (2017 Nil). The company has four directors but none of the directors are regarded as employees.
3
Turnover and Other Income
Turnover represents ground rents receivable. Other income includes deposit interest and profits on granting lease extensions.
4
Fixed Assets
The fixed assets consist of the freehold title of 58 and 60 Barnsbury Road, London N1. The original freehold which cost £4,036 was subject to ten 99 year leases with annual ground rents payable. In recent years some of the leases have been extended by 90 years and the ground rent reduced to a peppercorn. Each of these extensions has been treated for accounting purposes as a part disposal of one tenth (£404) of the original freehold cost. In the current year one lease was extended.
5
Dividends
During the year a dividend of £10,000 was paid.
CHARMGOOD LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2018
31 December 2018
- 2 -
Charmgood Limited is a private company limited by shares incorporated in England and Wales. The registered office is 60 Barnsbury Road, Islington, London N1 OHD.
For the year ended 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 26 September 2019 and are signed on its behalf by:
Ms H D O' Connor
Ms H Duggan
Director
Director
Company Registration Number 02631078