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REGISTERED NUMBER: 02108027 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

Charles Bravo Limited

Charles Bravo Limited (Registered number: 02108027)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Charles Bravo Limited

COMPANY INFORMATION
for the year ended 30 September 2023







Directors: Mrs M I J Bishop
Mrs J A Warner
Mrs S H Pryke
Mr N L N Bishop





Secretary: Mrs J A Warner





Registered office: Ashwell Barn
Ashwell
Halwell
Devon
TQ9 7LB





Registered number: 02108027 (England and Wales)





Accountants: Nigel Webster & Co
129 North Hill
Plymouth
Devon
PL4 8JY

Charles Bravo Limited (Registered number: 02108027)

BALANCE SHEET
30 September 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 7,736 1,419
Investment property 5 923,113 912,708
930,849 914,127

Current assets
Debtors 6 163,721 73,129
Cash at bank and in hand 89,446 225,846
253,167 298,975
Creditors
Amounts falling due within one year 7 3,766 4,293
Net current assets 249,401 294,682
Total assets less current liabilities 1,180,250 1,208,809

Creditors
Amounts falling due after more than
one year

8

250,530

250,530
Net assets 929,720 958,279

Capital and reserves
Called up share capital 1,005 1,000
Retained earnings 928,715 957,279
Shareholders' funds 929,720 958,279

Charles Bravo Limited (Registered number: 02108027)

BALANCE SHEET - continued
30 September 2023


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 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.

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 & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 March 2024 and were signed on its behalf by:





Mrs M I J Bishop - Director


Charles Bravo Limited (Registered number: 02108027)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2023

1. STATUTORY INFORMATION

Charles Bravo 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 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Charles Bravo Limited (Registered number: 02108027)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2023

2. ACCOUNTING POLICIES - continued

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
Cost
At 1 October 2022 - 62,943 62,943
Additions 4,111 3,168 7,279
At 30 September 2023 4,111 66,111 70,222
Depreciation
At 1 October 2022 - 61,524 61,524
Charge for year 274 688 962
At 30 September 2023 274 62,212 62,486
Net book value
At 30 September 2023 3,837 3,899 7,736
At 30 September 2022 - 1,419 1,419

Charles Bravo Limited (Registered number: 02108027)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2023

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 October 2022 912,708
Additions 10,405
At 30 September 2023 923,113
Net book value
At 30 September 2023 923,113
At 30 September 2022 912,708

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2020 900,000
Valuation in 2021 10,070
Valuation in 2022 2,638
Cost 10,405
923,113

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

2023 2022
£    £   
Cost 923,113 912,708

Investment property was valued on an open market basis on 11 June 2020 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 163,721 69,098
Directors' current accounts - 1,531
Prepayments - 2,500
163,721 73,129

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts 1,726 -
Accrued expenses 2,040 4,293
3,766 4,293

Charles Bravo Limited (Registered number: 02108027)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 153,000 153,000
Other loans - 2-5 years 97,530 97,530
250,530 250,530

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 153,000 153,000

The loans relate to mortgages held over Ashwell Barn.

10. RELATED PARTY DISCLOSURES

At the balance sheet date, the following amounts were owed to related parties : -

Name Relationship Amount
N Bishop Director £1,726

11. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by Mrs S H F Pryke and Mr N L N Bishop.