Company Registration No. 11955265 (England and Wales)
Charlotte Williams Properties Limited
Unaudited
Financial Statements
for the year ended 30 April 2021
PAGES FOR FILING WITH REGISTRAR
Charlotte Williams Properties Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Charlotte Williams Properties Limited
Statement of financial position
as at 30 April 2021
30 April 2021
- 1 -
2021
2020
Notes
£
£
£
£
Current assets
Stocks
249,740
212,190
Debtors
4
2,964
1,746
Cash at bank and in hand
130,868
5,409
383,572
219,345
Creditors: amounts falling due within one year
5
(333,472)
(219,245)
Net current assets
50,100
100
Creditors: amounts falling due after more than one year
6
(50,000)
Net assets
100
100
Capital and reserves
Called up share capital
7
100
100
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 2021 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.
T
he 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 20 August 2021 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 2021
- 2 -
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 a
mounts
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.
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.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2021
2020
Number
Number
Total
2
2
4
Debtors
2021
2020
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,263
Other debtors
1,701
1,746
2,964
1,746
Charlotte Williams Properties Limited
Notes to the financial statements (continued)
for the year ended 30 April 2021
- 3 -
5
Creditors: amounts falling due within one year
2021
2020
£
£
Trade creditors
1,224
162
Amounts due to connected company
330,548
219,083
Taxation and social security
- CIS
1,700
333,472
219,245
6
Creditors: amounts falling due after more than one year
2021
2020
£
£
Bank loans and overdrafts
50,000
7
Called up share capital
2021
2020
2021
2020
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.