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REGISTERED NUMBER: 05449907 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Charlie Brown 2 Limited

Charlie Brown 2 Limited (Registered number: 05449907)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Charlie Brown 2 Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: C J Moorhead
L T Moorhead





SECRETARY: C J Moorhead





REGISTERED OFFICE: 19 Woodmansterne Street
Banstead
Surrey
SM7 3NN





REGISTERED NUMBER: 05449907 (England and Wales)





ACCOUNTANTS: Ascendant Partners Limited
Second Floor
Curzon House
24 High Street
Banstead
Surrey
SM7 2LJ

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Charlie Brown 2 Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Charlie Brown 2 Limited for the year ended 31 March 2023 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Charlie Brown 2 Limited, as a body, in accordance with the terms of our engagement letter dated 3 April 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Charlie Brown 2 Limited and state those matters that we have agreed to state to the Board of Directors of Charlie Brown 2 Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Charlie Brown 2 Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Charlie Brown 2 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Charlie Brown 2 Limited. You consider that Charlie Brown 2 Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Charlie Brown 2 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ascendant Partners Limited
Second Floor
Curzon House
24 High Street
Banstead
Surrey
SM7 2LJ


21 December 2023

Charlie Brown 2 Limited (Registered number: 05449907)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 4,738 6,209
4,738 6,209

CURRENT ASSETS
Inventories 5,403 5,668
Debtors 5 22,995 14,909
Cash at bank 44,601 52,366
72,999 72,943
CREDITORS
Amounts falling due within one year 6 36,209 46,415
NET CURRENT ASSETS 36,790 26,528
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,528

32,737

PROVISIONS FOR LIABILITIES 9 889 1,168
NET ASSETS 40,639 31,569

CAPITAL AND RESERVES
Called up share capital 40 40
Retained earnings 40,599 31,529
SHAREHOLDERS' FUNDS 40,639 31,569

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Charlie Brown 2 Limited (Registered number: 05449907)

Statement of Financial Position - continued
31 March 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 December 2023 and were signed on its behalf by:





C J Moorhead - Director


Charlie Brown 2 Limited (Registered number: 05449907)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Charlie Brown 2 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.

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


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.

Going concern
The preparation of the financial statements requires the directors to make an assessment of the entity's ability to continue as a going concern. The directors have reviewed this and consider it appropriate to prepare the financial statements on a going concern basis.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - over the period of the lease
Fixtures and fittings - 25% per annum on cost

Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.


Charlie Brown 2 Limited (Registered number: 05449907)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 12 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1 April 2022 62,299 81,256 143,555
Additions - 1,042 1,042
Disposals - (213 ) (213 )
At 31 March 2023 62,299 82,085 144,384
DEPRECIATION
At 1 April 2022 62,240 75,106 137,346
Charge for year - 2,512 2,512
Eliminated on disposal - (212 ) (212 )
At 31 March 2023 62,240 77,406 139,646
NET BOOK VALUE
At 31 March 2023 59 4,679 4,738
At 31 March 2022 59 6,150 6,209

Charlie Brown 2 Limited (Registered number: 05449907)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 3,122 3,388
Other debtors - 149
Social security and other taxes 6,542 -
Prepayments 2,331 372
11,995 3,909

Amounts falling due after more than one year:
Other debtors 11,000 11,000

Aggregate amounts 22,995 14,909

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6,638 4,181
Amounts owed to group undertakings - 3,903
Corporation tax 2,334 10,025
Social security and other taxes 14,055 17,284
Other creditors 4,044 1,787
Accrued expenses 9,138 9,235
36,209 46,415

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 1,794 691
Between one and five years 1,794 -
3,588 691

8. SECURED DEBTS

HSBC Bank Plc held a debenture dated 30 April 2006 securing the company's indebtedness to the bank, by means of a fixed and floating charge over the company's assets, which was satisfied in full on 6 September 2022.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 889 1,168

Charlie Brown 2 Limited (Registered number: 05449907)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2022 1,168
Credit to Statement of Comprehensive Income during year (279 )
Balance at 31 March 2023 889

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Charlie Brown Holdings Limited.