Company Registration No. 13806902 (England and Wales)
CHARLTON BLAIR (HOMES) LIMITED
Unaudited accounts
for the period from 17 December 2021 to 31 March 2023
CHARLTON BLAIR (HOMES) LIMITED
Unaudited accounts
Contents
CHARLTON BLAIR (HOMES) LIMITED
Company Information
for the period from 17 December 2021 to 31 March 2023
Company Number
13806902 (England and Wales)
Registered Office
8 Winchester Drive
South West Industrial Estate
Peterlee
Co Durham
SR8 2JD
Accountants
MALLON:TAX
PO Box 238
Houghton le Spring
Co Durham
DH4 9ES
CHARLTON BLAIR (HOMES) LIMITED
Statement of financial position
as at 31 March 2023
Investment property
634,897
Cash at bank and in hand
23,793
Creditors: amounts falling due within one year
(182,781)
Net current liabilities
(153,588)
Total assets less current liabilities
481,309
Creditors: amounts falling due after more than one year
(485,209)
Profit and loss account
(3,901)
Shareholders' funds
(3,900)
For the period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2023 and were signed on its behalf by
A Blair
Director
Company Registration No. 13806902
CHARLTON BLAIR (HOMES) LIMITED
Notes to the Accounts
for the period from 17 December 2021 to 31 March 2023
CHARLTON BLAIR (HOMES) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13806902. The registered office is 8 Winchester Drive, South West Industrial Estate, Peterlee, Co Durham, SR8 2JD.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The company's Balance Sheet reveals that its liabilities are greater than its assets at 31 March 2023. The directors have confirmed that the company has the continued financial support of its parent company Charlton Blair Limited. Accordingly the preparation of these accounts on a going concern basis is considered appropriate.
CHARLTON BLAIR (HOMES) LIMITED
Notes to the Accounts
for the period from 17 December 2021 to 31 March 2023
Amounts falling due within one year
Accrued income and prepayments
5,400
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Creditors: amounts falling due within one year
2023
Bank loans and overdrafts
1,055
Amounts owed to group undertakings and other participating interests
135,689
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Creditors: amounts falling due after more than one year
2023
Aggregate of amounts that fall due for payment after five years
485,209
The loans are secured by charges against the company's investment properties.
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Transactions with related parties
The company has borrowed amounts from its immediate parent company, Charlton Blair Limited. At 31 March 2023, the amount due to Charlton Blair Limited was £135,689.
The company has also borrowed sums from a company, Pasta (UK) Limited which is controlled by the same individuals as control Charlton Blair Limited. At 31 March 2023 the amount due to Pasta (UK) Limited was £40,000.
The company is controlled by Charlton Blair Limited, 8 Winchester Drive, South West Industrial Estate, Peterlee, SR8 2JD
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Average number of employees
During the period the average number of employees was 2.