Charleston House Limited |
|
Report to the directors on the preparation of the unaudited statutory accounts of Charleston House Limited for the year ended 31 August 2018 |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Charleston House Limited for the year ended 31 August 2018 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/ |
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. |
|
Coalesco Accountants Limited |
Chartered Certified Accountants |
156 Russell Drive |
Wollaton |
Nottingham |
NG8 2BE |
|
15 March 2019 |
|
Charleston House Limited
|
Notes to the Accounts |
for the year ended 31 August 2018
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
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|
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Turnover |
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Turnover represents the value of rental income received from the freehold building.
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|
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
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Plant and machinery |
15% reducing balance |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
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2 |
Employees |
2018 |
|
2017 |
Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
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|
|
|
|
|
|
|
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3 |
Tangible fixed assets |
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|
|
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Land and buildings |
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Plant and machinery etc |
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Total |
£ |
£ |
£ |
|
Cost |
|
At 1 September 2017 |
181,905 |
|
3,387 |
|
185,292 |
|
At 31 August 2018 |
181,905 |
|
3,387 |
|
185,292 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 September 2017 |
- |
|
1,619 |
|
1,619 |
|
Charge for the year |
- |
|
265 |
|
265 |
|
At 31 August 2018 |
- |
|
1,884 |
|
1,884 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2018 |
181,905 |
|
1,503 |
|
183,408 |
|
At 31 August 2017 |
181,905 |
|
1,768 |
|
183,673 |
|
|
|
|
|
|
|
|
|
|
|
4 |
Creditors: amounts falling due within one year |
2018 |
|
2017 |
£ |
£ |
|
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Corporation tax |
2,961 |
|
3,369 |
|
Other creditors |
186,996 |
|
186,996 |
|
|
|
|
|
|
189,957 |
|
190,365 |
|
|
|
|
|
|
|
|
|
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5 |
Other information |
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Charleston House Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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8 Bridle Road |
|
Bramcote |
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Nottingham |
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NG9 3DH |