Registration number:
Charterglobe Ltd
for the Year Ended 31 January 2024
Charterglobe Ltd
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Charterglobe Ltd
Company Information
Director |
Miss Lucy Del Pattinson |
Registered office |
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Accountants |
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Charterglobe Ltd
(Registration number: 07035581)
Balance Sheet as at 31 January 2024
Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
- |
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Investment property |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
- |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Retained earnings |
463,649 |
451,723 |
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Shareholders' funds |
463,749 |
451,823 |
Charterglobe Ltd
(Registration number: 07035581)
Balance Sheet as at 31 January 2024 (continued)
For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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Charterglobe Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland'.
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents rental income. Rental income is recognised on an accruals basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Charterglobe Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)
2 |
Accounting policies (continued) |
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Fixtures and fittings |
20% straight line |
Computer equipment |
50% straight line |
Investment properties
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Charterglobe Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)
Tangible assets |
Fixtures and fittings |
Office equipment |
Total |
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Cost or valuation |
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At 1 February 2023 |
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At 31 January 2024 |
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Depreciation |
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At 1 February 2023 |
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Charge for the year |
- |
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At 31 January 2024 |
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Carrying amount |
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At 31 January 2024 |
- |
- |
- |
At 31 January 2023 |
- |
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Investment properties |
2024 |
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At 1 February 2023 |
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At 31 January 2024 |
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Investment properties are shown at cost. The director does not believe that the market value is materially different to the value shown in the accounts.
Charterglobe Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)
Debtors |
Current |
Note |
2024 |
2023 |
Trade debtors |
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Amounts owed by related parties |
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Prepayments |
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Creditors |
Creditors: amounts falling due within one year
Note |
2024 |
2023 |
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Due within one year |
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Loans and borrowings |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Creditors: amounts falling due after more than one year
Note |
2024 |
2023 |
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Due after one year |
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Loans and borrowings |
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Included within creditors due within one year and due within more than one year is a secured
bank loan of £966,700 (2023: £1,027,996).
This bank loan is secured by way of a mortgage debenture over the investment properties of the
company.
Charterglobe Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)
Related party transactions |
Included in debtors is £10,000 (2023: £9,810) owed by a company in which the director, or her close family members, have an interest.
Included in creditors due within one year is £1,289,037 (2023: £1,226,779) owed to the company director and her close family members.
Also included in creditors due within one year is £35,000 (2023: £35,000) owed to a company in which the director, or her close family members, have an interest.