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REGISTERED NUMBER: 06544402 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Charlie Brown Holdings Limited

Charlie Brown Holdings Limited (Registered number: 06544402)






Contents of the Financial Statements
for the Year Ended 31 March 2024




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 2024







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 2024 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


13 September 2024

Charlie Brown Holdings Limited (Registered number: 06544402)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 478,150 500,262
Investments 5 14,920 14,920
493,070 515,182

CURRENT ASSETS
Debtors 6 4,528 4,700
Cash at bank 68,059 80,643
72,587 85,343
CREDITORS
Amounts falling due within one year 7 92,012 90,973
NET CURRENT LIABILITIES (19,425 ) (5,630 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

473,645

509,552

CREDITORS
Amounts falling due after more than one
year

8

(327,656

)

(343,195

)

PROVISIONS FOR LIABILITIES 11 - (2,083 )
NET ASSETS 145,989 164,274

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 135,989 154,274
SHAREHOLDERS' FUNDS 145,989 164,274

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 2024


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 13 September 2024 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 2024

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

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 2024

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 (2023 - 3 ) .

Charlie Brown Holdings Limited (Registered number: 06544402)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 467,428 17,174 62,803 14,977 562,382
Additions - 672 - - 672
At 31 March 2024 467,428 17,846 62,803 14,977 563,054
DEPRECIATION
At 1 April 2023 22,515 11,617 22,219 5,769 62,120
Charge for year 5,749 4,057 9,234 3,744 22,784
At 31 March 2024 28,264 15,674 31,453 9,513 84,904
NET BOOK VALUE
At 31 March 2024 439,164 2,172 31,350 5,464 478,150
At 31 March 2023 444,913 5,557 40,584 9,208 500,262

Included in cost of freehold property is land of £180,000 (2023 - £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 2023
and 31 March 2024 42,226
DEPRECIATION
At 1 April 2023 3,464
Charge for year 8,819
At 31 March 2024 12,283
NET BOOK VALUE
At 31 March 2024 29,943
At 31 March 2023 38,762

Charlie Brown Holdings Limited (Registered number: 06544402)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 14,920
NET BOOK VALUE
At 31 March 2024 14,920
At 31 March 2023 14,920

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 363
Social security and other taxes 2,496 2,805
Deferred tax asset 520 -
Prepayments 1,512 1,532
4,528 4,700

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,912 12,475
Hire purchase contracts (see note 9) 1,793 1,630
Trade creditors 7,423 7,692
Amounts owed to group undertakings 1,634 1,634
Corporation tax 22,485 18,823
Social security and other taxes 150 467
Other creditors 28,359 23,578
Directors' current accounts 14,887 22,887
Accrued expenses 2,369 1,787
92,012 90,973

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans repayable in 1-2 years 13,406 12,953
Bank loans repayable in 2-5 years 43,378 41,909
Bank loans more 5 yr by instal 194,578 205,246
Hire purchase contracts (see note 9) 18,294 20,087
Other creditors 58,000 63,000
327,656 343,195

Charlie Brown Holdings Limited (Registered number: 06544402)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 194,578 205,246

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 1,793 1,630
Between one and five years 18,294 20,087
20,087 21,717

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
£   
Deferred tax 2,083

Deferred
tax
£   
Balance at 1 April 2023 2,083
Credit to Statement of Comprehensive Income during year (2,603 )
Balance at 31 March 2024 (520 )

12. ULTIMATE CONTROLLING PARTY

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