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REGISTERED NUMBER: 06544402 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Charlie Brown Holdings Limited

Charlie Brown Holdings Limited (Registered number: 06544402)






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 Holdings 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: 06544402 (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 Holdings 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 Statement of Comprehensive Income 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 Holdings 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 Holdings 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 Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Charlie Brown Holdings 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 Holdings 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 Holdings 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 Holdings Limited. You consider that Charlie Brown Holdings 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 Holdings 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 Holdings Limited (Registered number: 06544402)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 500,262 519,981
Investments 5 14,920 14,970
515,182 534,951

CURRENT ASSETS
Debtors 6 4,700 12,170
Cash at bank 80,643 176,123
85,343 188,293
CREDITORS
Amounts falling due within one year 7 90,973 202,257
NET CURRENT LIABILITIES (5,630 ) (13,964 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

509,552

520,987

CREDITORS
Amounts falling due after more than one year 8 (343,195 ) (353,090 )

PROVISIONS FOR LIABILITIES 11 (2,083 ) (4,265 )
NET ASSETS 164,274 163,632

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 154,274 153,632
SHAREHOLDERS' FUNDS 164,274 163,632

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 Holdings Limited (Registered number: 06544402)

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 Holdings Limited (Registered number: 06544402)

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

1. STATUTORY INFORMATION

Charlie Brown Holdings 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.

Preparation of consolidated financial statements
The financial statements contain information about Charlie Brown Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% per annum on cost
Fixtures and fittings - 25% per annum on cost
Motor vehicles - 25% per annum on reducing balance
Computer equipment - 25% per annum on cost

Government grants
Government grants are recognised when it is reasonable to expect that the grants will be received and that all related conditions will be met, usually on submission of a valid claim for payment. Government grants in
respect of capital expenditure are credited to a deferred income account and are released to profit over the
expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.


Charlie Brown Holdings Limited (Registered number: 06544402)

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

2. ACCOUNTING POLICIES - continued
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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 3 (2022 - 4 ) .

Charlie Brown Holdings Limited (Registered number: 06544402)

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

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 467,428 19,834 67,675 17,237 572,174
Additions - - 42,226 - 42,226
Disposals - (2,660 ) (47,098 ) (2,260 ) (52,018 )
At 31 March 2023 467,428 17,174 62,803 14,977 562,382
DEPRECIATION
At 1 April 2022 16,767 9,983 21,162 4,281 52,193
Charge for year 5,748 4,290 10,964 3,744 24,746
Eliminated on disposal - (2,656 ) (9,907 ) (2,256 ) (14,819 )
At 31 March 2023 22,515 11,617 22,219 5,769 62,120
NET BOOK VALUE
At 31 March 2023 444,913 5,557 40,584 9,208 500,262
At 31 March 2022 450,661 9,851 46,513 12,956 519,981

Included in cost of freehold property is land of £180,000 (2022 - £180,000) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022 47,098
Additions 42,226
Disposals (47,098 )
At 31 March 2023 42,226
DEPRECIATION
At 1 April 2022 2,944
Charge for year 10,427
Eliminated on disposal (9,907 )
At 31 March 2023 3,464
NET BOOK VALUE
At 31 March 2023 38,762
At 31 March 2022 44,154

Charlie Brown Holdings Limited (Registered number: 06544402)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022 14,970
Disposals (50 )
At 31 March 2023 14,920
NET BOOK VALUE
At 31 March 2023 14,920
At 31 March 2022 14,970

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings - 9,785
Other debtors 363 240
Social security and other taxes 2,805 2,113
Prepayments 1,532 32
4,700 12,170

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 12,475 12,015
Hire purchase contracts (see note 9) 1,630 2,115
Trade creditors 7,692 2,605
Amounts owed to group undertakings 1,634 -
Corporation tax 18,823 19,701
Social security and other taxes 467 566
Other creditors 23,578 29,678
Directors' current accounts 22,887 133,874
Accrued expenses 1,787 1,703
90,973 202,257

Charlie Brown Holdings Limited (Registered number: 06544402)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans repayable in 1-2 years 12,953 12,475
Bank loans repayable in 2-5 years 41,909 40,364
Bank loans more 5 yr by instal 205,246 217,254
Hire purchase contracts (see note 9) 20,087 19,997
Other creditors 63,000 63,000
343,195 353,090

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 205,246 217,254

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 1,630 2,115
Between one and five years 20,087 19,997
21,717 22,112

Non-cancellable operating leases
2023 2022
£    £   
Within one year - 691

10. SECURED DEBTS

HSBC Bank Plc holds a debenture dated 25 September 2009 securing the company's indebtedness to the bank by means of a fixed and floating charge over the company's assets. HSBC UK Bank Plc also holds a charge over the company's freehold property.

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 2,083 4,265

Charlie Brown Holdings Limited (Registered number: 06544402)

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

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2022 4,265
Credit to Statement of Comprehensive Income during year (2,182 )
Balance at 31 March 2023 2,083

12. RELATED PARTY DISCLOSURES

Charlie Brown 3 Limited is a subsidiary of Charlie Brown Holdings Limited that was liquidated after the year end. There were no recharges made by Charlie Brown Holdings Limited during the year (2022: £11,593) and the balance owed to the company of £1,988 at 31 March 2022 is no longer recoverable.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the directors C Moorhead & L Moorhead.