Company registration number 11955265 (England and Wales)
Charlotte Williams Properties Limited
Unaudited financial statements
financial statements
for the year ended 30 April 2023
PAGES FOR FILING WITH REGISTRAR
Charlotte Williams Properties Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Charlotte Williams Properties Limited
Statement of financial position
as at 30 April 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investment property
3
171,067
171,067
Current assets
Stocks
382,804
364,450
Debtors
4
419
3,388
Cash at bank and in hand
3,339
5,688
386,562
373,526
Creditors: amounts falling due within one year
5
(532,797)
(513,660)
Net current liabilities
(146,235)
(140,134)
Total assets less current liabilities
24,832
30,933
Creditors: amounts falling due after more than one year
6
(20,833)
(30,833)
Net assets
3,999
100
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
3,899
Total equity
3,999
100
Charlotte Williams Properties Limited
Statement of financial position (continued)
as at 30 April 2023
- 2 -
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 30 April 2023 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 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 3 August 2023 and are signed on its behalf by:
C Williams
Director
Company Registration No. 11955265
Charlotte Williams Properties Limited
Notes to the financial statements
for the year ended 30 April 2023
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the fair value of the consideration receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
Turnover is recognised on a rents receivable.
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
3
Investment property
2023
£
Fair value
At 1 May 2022 and 30 April 2023
171,067
Charlotte Williams Properties Limited
Notes to the financial statements (continued)
for the year ended 30 April 2023
- 4 -
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
419
3,388
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loan
10,000
10,000
Trade creditors
4,014
Corporation tax
914
Other taxation and social security
660
Other creditors
521,883
498,986
532,797
513,660
6
Creditors: amounts falling due after more than one year
2023
2022
Notes
£
£
Bank loan
20,833
30,833
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
8
Company information
Charlotte Williams Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is West Vale Chambers, 61 Stainland Road, Greetland, Halifax, West Yorkshire, HX4 8BD.