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REGISTERED NUMBER: 03799693 (England and Wales)










Charles B Holdings Limited

Unaudited Financial Statements

for the Year Ended 30 September 2023






Charles B Holdings Limited (Registered number: 03799693)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Charles B Holdings Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: Mr M Benbeniste





SECRETARY: Mr P M Hinchliffe





REGISTERED OFFICE: Albert House
17 Bloom Street
Manchester
Lancashire
M1 3HZ





REGISTERED NUMBER: 03799693 (England and Wales)





ACCOUNTANTS: SKS Shacter Cohen & Bor Ltd
Chartered Accountants
31 Sackville Street
Manchester
M1 3LZ

Charles B Holdings Limited (Registered number: 03799693)

Balance Sheet
30 September 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment 5 100 100

CURRENT ASSETS
Debtors 6 2 2
TOTAL ASSETS LESS CURRENT
LIABILITIES

102

102

CAPITAL AND RESERVES
Called up share capital 7 102 102
SHAREHOLDERS' FUNDS 102 102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 April 2024 and were signed by:





Mr M Benbeniste - Director


Charles B Holdings Limited (Registered number: 03799693)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Albert House
17 Bloom Street
Manchester
M1 3HZ

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

3. ACCOUNTING POLICIES

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND KEY ACCOUNTING ESTIMATES
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

BASIS OF PREPARATION
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

GROUP ACCOUNTS NOT PREPARED
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group..

GOING CONCERN
The financial statements have been prepared on a going concern basis.

BUSINESS COMBINATIONS
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

INVESTMENTS
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

TRADE DEBTORS
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.


Charles B Holdings Limited (Registered number: 03799693)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

SHARE CAPITAL
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

DIVIDENDS
Dividend distribution to the company's shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

5. INVESTMENT
Total
£   
FAIR VALUE
At 1 October 2022
and 30 September 2023 100
NET BOOK VALUE
At 30 September 2023 100
At 30 September 2022 100

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:


Undertaking

Registered office

Holding
Proportion of voting rightsand
shares held
20232022
Subsidiary undertakings
Albert House
Mobecot Limited17 Bloom StreetOrdinary100%100%
Manchester
M1 3HZ
England and Wales

Subsidiary undertakings
Mobecot Limited
The principal activity of Mobecot Limited is Textile merchants.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2 2

Charles B Holdings Limited (Registered number: 03799693)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
102 Ordinary share 1 102 102

8. DIVIDENDS

2023 (£) 2022 (£)
Interim dividend of £508.86 (2022 - £226.00) per ordinary share 51,904 22,611