CHARLOTTE STREET INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
Charlotte Street Investments Limited ("the Company") is a private company limited by shares incorporated in England and Wales. The address of its registered office is 61 Charlotte Street, London, W1T 4PF.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
At the year end the Company's liabilities exceeded its assets by £5,900 (2022 - £5,900). The Company has ceased to trade however it continues to have the support of the ultimate parent company and in the opinion of the directors this support will be continued for the foreseeable future and for at least twelve months from the date of the approval of these financial statements. The financial statements are therefore prepared on the going concern basis.
Short term creditors are measured at the transaction price.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
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The average monthly number of employees, including directors, during the year was 2 (2022 - 2).
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Related party transactions
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Transactions with group companies are not disclosed by virtue of the exemption claimed under FRS 102 Section 1AC.35.
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