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REGISTERED NUMBER: 01253734 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 9 APRIL 2017

FOR

CHARLWOOD DESIGNS LIMITED

CHARLWOOD DESIGNS LIMITED (REGISTERED NUMBER: 01253734)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 9 April 2017




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CHARLWOOD DESIGNS LIMITED

COMPANY INFORMATION
for the Year Ended 9 April 2017







DIRECTORS: M Charlwood
Mrs L Charlwood





SECRETARY: Mrs L Charlwood





REGISTERED OFFICE: Sandall House
230 High Street
Herne Bay
Kent
CT6 5AX





REGISTERED NUMBER: 01253734 (England and Wales)





ACCOUNTANTS: H & E Johnson
Chartered Accountants
Sandall House
230 High Street
Herne Bay
Kent
CT6 5AX

CHARLWOOD DESIGNS LIMITED (REGISTERED NUMBER: 01253734)

STATEMENT OF FINANCIAL POSITION
9 April 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 701 935
Investment property 4 640,000 477,877
640,701 478,812

CURRENT ASSETS
Debtors 5 52 676
Cash at bank 222,179 152,440
222,231 153,116
CREDITORS
Amounts falling due within one year 6 118,144 126,937
NET CURRENT ASSETS 104,087 26,179
TOTAL ASSETS LESS CURRENT
LIABILITIES

744,788

504,991

PROVISIONS FOR LIABILITIES 30,936 187
NET ASSETS 713,852 504,804

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 7 162,123 -
Retained earnings 551,727 504,802
SHAREHOLDERS' FUNDS 713,852 504,804

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 9 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 9 April 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

CHARLWOOD DESIGNS LIMITED (REGISTERED NUMBER: 01253734)

STATEMENT OF FINANCIAL POSITION - continued
9 April 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29 December 2017 and were signed on its behalf
by:





M Charlwood - Director


CHARLWOOD DESIGNS LIMITED (REGISTERED NUMBER: 01253734)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 9 April 2017

1. STATUTORY INFORMATION

Charlwood Designs Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
market value is transferred to a revaluation reserve. No depreciation is provided which represents a departure
from the requirement of the Companies Act 2006. The director considers that, because the property is not held
for consumption, to depreciate it would not give a true and fair view. If this departure had not been made the
profit for the financial year would have been reduced by depreciation. The amount of depreciation cannot be
reasonably quantified because it is only one of many factors reflected in the annual valuation.

Financial instruments
Fixed Asset Investments are initially measured at fair value plus any directly attributable transaction costs.
Subsequent to initial recognition, they are measured at fair value and changes therein, other than impairment
losses and foreign currency differences on debt instruments are recognised in OCI and accumulated in the fair
value reserve. When these assets are derecognised, the gain or loss accumulated in equity is reclassified to profit
or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the statement of financial position date.


CHARLWOOD DESIGNS LIMITED (REGISTERED NUMBER: 01253734)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 9 April 2017

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 10 April 2016
and 9 April 2017 4,423 8,112 12,535
DEPRECIATION
At 10 April 2016 4,423 7,177 11,600
Charge for year - 234 234
At 9 April 2017 4,423 7,411 11,834
NET BOOK VALUE
At 9 April 2017 - 701 701
At 9 April 2016 - 935 935

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 10 April 2016 477,877
Revaluations 162,123
At 9 April 2017 640,000
NET BOOK VALUE
At 9 April 2017 640,000
At 9 April 2016 477,877

Fair value at 9 April 2017 is represented by:

£   
Valuation in 2017 162,123
Cost 477,877
640,000

CHARLWOOD DESIGNS LIMITED (REGISTERED NUMBER: 01253734)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 9 April 2017

4. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2017 2016
£    £   
Cost 477,877 477,877

Investment property was valued on an open market basis on 9 April 2017 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Other debtors - 624
Prepayments and accrued income 52 52
52 676

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Taxation and social security 31,400 37,522
Other creditors 86,744 89,415
118,144 126,937

7. RESERVES
Revaluation
reserve
£   
Surplus on revaluation 162,123

At 9 April 2017 162,123

8. FIRST YEAR ADOPTION

There are no adjustments arising from the transition to FRS 102 from UK GAAP which require disclosure.