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REGISTERED NUMBER: 06395940 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Charterpoint Developments Limited

Charterpoint Developments Limited (Registered number: 06395940)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Charterpoint Developments Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: G A Nursey
A P Goose





REGISTERED OFFICE: 7 Wheatcroft Business Park
Landmere Lane
Edwalton
Nottinghamshire
NG12 4DG





REGISTERED NUMBER: 06395940 (England and Wales)

Charterpoint Developments Limited (Registered number: 06395940)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 67,366 117,139

CURRENT ASSETS
Stocks 4 887,561 447,671
Debtors 5 1,911,219 1,492,474
Cash at bank and in hand 540,267 532,934
3,339,047 2,473,079
CREDITORS
Amounts falling due within one year 6 3,032,613 1,641,239
NET CURRENT ASSETS 306,434 831,840
TOTAL ASSETS LESS CURRENT
LIABILITIES

373,800

948,979

CREDITORS
Amounts falling due after more than one
year

7

(110,250

)

(700,069

)

PROVISIONS FOR LIABILITIES - (29,314 )
NET ASSETS 263,550 219,596

CAPITAL AND RESERVES
Called up share capital 9 250 250
Retained earnings 263,300 219,346
263,550 219,596

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

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

Charterpoint Developments Limited (Registered number: 06395940)

Balance Sheet - continued
31 October 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 March 2024 and were signed on its behalf by:




G A Nursey - Director



A P Goose - Director


Charterpoint Developments Limited (Registered number: 06395940)

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

1. ACCOUNTING POLICIES

Basis of preparation
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.

Preparation of consolidated financial statements
The financial statements contain information about Charterpoint Developments 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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

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
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

Charterpoint Developments Limited (Registered number: 06395940)

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

3. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022
and 31 October 2023 1,363 191,905 14,017 207,285
DEPRECIATION
At 1 November 2022 935 78,280 10,931 90,146
Charge for year 64 47,976 1,733 49,773
At 31 October 2023 999 126,256 12,664 139,919
NET BOOK VALUE
At 31 October 2023 364 65,649 1,353 67,366
At 31 October 2022 428 113,625 3,086 117,139

4. STOCKS
2023 2022
£    £   
Work-in-progress 887,561 447,671

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 107
Amounts owed by group undertakings 231,730 26,000
VAT - 13,826
Prepayments and accrued income 1,679,489 1,452,541
1,911,219 1,492,474

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 49,000 49,000
Hire purchase contracts 25,594 56,883
Trade creditors 66,008 26,256
Amounts owed to group undertakings 1,245,876 533,483
Taxation and social security 96,315 31,257
Other creditors 1,549,820 944,360
3,032,613 1,641,239

Charterpoint Developments Limited (Registered number: 06395940)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 110,250 159,250
Hire purchase contracts - 25,664
Other creditors - 515,155
110,250 700,069

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 159,250 208,250

The bank loan of £159,250 (2022 - £208,250) is secured by way of a fixed and floating charge over the assets of the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:
Nominal
value:
2023
£
2022
£
100 A Ordinary £1 100 100
100 B Ordinary £1 100 100
10 V Ordinary non voting £1 10 10
10 W Ordinary non voting £1 10 10
10 X Ordinary non voting £1 10 10
10 Y Ordinary non voting £1 10 10
10 Z Ordinary non voting £1 10 10
250 250


The Ordinary shares confer the right to receive notice of and attend meetings of the Company and to vote.

The Non-Equity shares do not confer rights to receive notice or attend general meetings of the Company.

The Deferred shares do not confer rights to receive notice or attend general meetings of the Company or to receive a dividend.

The Ordinary shares have first priority on a return of capital followed by the Non-equity shares and then the Deferred shares. Any surplus would be paid to the Ordinary shareholders.

10. ULTIMATE CONTROLLING PARTY

The company's immediate parent company is Charterpoint Group Limited.

The ultimate parent company is Stanford Street No. 1 Limited which is controlled by its principal shareholders, G A Nursey and A P Goose.