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REGISTERED NUMBER: SC450325 (Scotland)













CHARLOTTE STREET PARTNERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2021






CHARLOTTE STREET PARTNERS LIMITED (REGISTERED NUMBER: SC450325)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHARLOTTE STREET PARTNERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2021







DIRECTORS: J P Murgatroyd
M G W Robertson
Mrs J Robertson
R D Rudd
A J Wilson
M T Rainey





REGISTERED OFFICE: 13 Rutland Street
Edinburgh
EH1 2AE





REGISTERED NUMBER: SC450325 (Scotland)





ACCOUNTANTS: George & Co (Scotland) Ltd
Chartered Tax Advisers and Accountants
13 Rutland Street
Edinburgh
EH1 2AE

CHARLOTTE STREET PARTNERS LIMITED (REGISTERED NUMBER: SC450325)

BALANCE SHEET
31ST DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 75
Tangible assets 5 8,412 12,646
Investments 6 100,065 45
108,477 12,766

CURRENT ASSETS
Debtors 7 500,482 508,303
Investments 8 4,492 -
Cash at bank and in hand 579,305 693,204
1,084,279 1,201,507
CREDITORS
Amounts falling due within one year 9 344,565 409,636
NET CURRENT ASSETS 739,714 791,871
TOTAL ASSETS LESS CURRENT
LIABILITIES

848,191

804,637

PROVISIONS FOR LIABILITIES 55,488 31,563
NET ASSETS 792,703 773,074

CAPITAL AND RESERVES
Called up share capital 1,250 1,250
Share premium 219,750 219,750
Retained earnings 571,703 552,074
SHAREHOLDERS' FUNDS 792,703 773,074

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2021 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.

CHARLOTTE STREET PARTNERS LIMITED (REGISTERED NUMBER: SC450325)

BALANCE SHEET - continued
31ST DECEMBER 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 27th July 2022 and were signed on its behalf by:





A J Wilson - Director


CHARLOTTE STREET PARTNERS LIMITED (REGISTERED NUMBER: SC450325)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2021

1. STATUTORY INFORMATION

Charlotte Street Partners Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the business continued to be that of public relations and communications consultants.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received, or receivable, excluding discounts, rebates, value added tax and other sales taxes. Income is recognised when the future economic benefits can be reliably measured.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Copyright are being amortised evenly over their estimated useful life of five years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office Equipment - 25% on cost
Fixtures and fittings - 15% on reducing balance

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 balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

CHARLOTTE STREET PARTNERS LIMITED (REGISTERED NUMBER: SC450325)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2021

2. ACCOUNTING POLICIES - continued

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

INVESTMENTS
Investments held in associated companies are held as fixed assets, shown at cost less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2020 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st January 2021
and 31st December 2021 2,250
AMORTISATION
At 1st January 2021 2,175
Charge for year 75
At 31st December 2021 2,250
NET BOOK VALUE
At 31st December 2021 -
At 31st December 2020 75

5. TANGIBLE FIXED ASSETS
Fixtures
Office and
Equipment fittings Totals
£    £    £   
COST
At 1st January 2021 56,114 17,405 73,519
Disposals (41,407 ) (4,060 ) (45,467 )
At 31st December 2021 14,707 13,345 28,052
DEPRECIATION
At 1st January 2021 51,674 9,199 60,873
Charge for year 2,493 1,741 4,234
Eliminated on disposal (41,407 ) (4,060 ) (45,467 )
At 31st December 2021 12,760 6,880 19,640
NET BOOK VALUE
At 31st December 2021 1,947 6,465 8,412
At 31st December 2020 4,440 8,206 12,646

CHARLOTTE STREET PARTNERS LIMITED (REGISTERED NUMBER: SC450325)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2021

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st January 2021 45
Additions 100,020
At 31st December 2021 100,065
NET BOOK VALUE
At 31st December 2021 100,065
At 31st December 2020 45

Investment is held in Frame Creative PR Ltd, an associated company registered in Scotland.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 442,098 446,395
Other debtors 58,384 61,908
500,482 508,303

8. CURRENT ASSET INVESTMENTS
2021 2020
£    £   
Listed investments 4,492 -

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 31,991 35,076
Taxation and social security 160,360 286,105
Other creditors 152,214 88,455
344,565 409,636

10. OTHER FINANCIAL COMMITMENTS

At the year end the company had future operating lease commitments of £321,000 (2020 - £371,500), and the amount due for pension contributions, to an independently administered pension fund, was £Nil (2020 - £Nil).