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Abbreviated Unaudited Accounts for the Year Ended 31 December 2015 |
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Charter Financial Services Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 31 December 2015 |
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Charter Financial Services Limited |
Charter Financial Services Limited (Registered number: 03305229) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 December 2015 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
Charter Financial Services Limited |
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Company Information |
for the Year Ended 31 December 2015 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Charter Financial Services Limited (Registered number: 03305229) |
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Abbreviated Balance Sheet |
31 December 2015 |
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31.12.15 | 31.12.14 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 2 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 3 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
3 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Revaluation reserve |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
Charter Financial Services Limited (Registered number: 03305229) |
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Abbreviated Balance Sheet - continued |
31 December 2015 |
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The financial statements were approved by the director on
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Charter Financial Services Limited (Registered number: 03305229) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 December 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the revaluation |
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January |
2008). |
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Turnover |
Turnover represents net invoiced rental income, excluding value added tax. Turnover is matched to the period to |
which the rental period relates with amounts invoiced in advance being recognised as deferred income where |
appropriate. |
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Investment property |
In accordance with SSAP 19, investment properties are not subject to periodic charges for depreciation. |
Non-depreciation of investment properties represents a departure from the requirements of the Companies Act |
2006. In the opinion of the director the properties are held for their investment potential, as represented by |
market value, and to depreciate them would not give a true and fair view. Investment properties are revalued |
annually and included in the balance sheet at their open market value. Changes in the market value of the |
properties are taken to the statement of total recognised gains and losses (being a movement on the investment |
revaluation reserve), unless a deficit (or its reversal) on an individual property is expected to be permanent, in |
which case it is charged (or credited) to the profit and loss account. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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2. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1 January 2015 |
and 31 December 2015 |
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NET BOOK VALUE |
At 31 December 2015 |
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At 31 December 2014 |
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3. | CREDITORS |
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Creditors include an amount of £
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.15 | 31.12.14 |
value: | £ | £ |
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Ordinary | 20p |
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5. | RELATED PARTY DISCLOSURES |
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During the year the company was under the control of Mr T O'Neill. |
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During the year, the company sold property at market value of £Nil (2014:£215,000) to Mr T O'Neill, director. |
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At 31 December 2015 the company was owed £230,382 (2014: £217,149) by Mr T O'Neill. The loan is |
repayable on demand and interest is charged at a commercial rate. |