IRIS Accounts Production v24.2.0.383 02946516 Board of Directors Board of Directors 1.7.23 30.6.24 30.6.24 7/10/2024 0 0 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh029465162023-06-30029465162024-06-30029465162023-07-012024-06-30029465162022-06-30029465162022-07-012023-06-30029465162023-06-3002946516ns15:EnglandWales2023-07-012024-06-3002946516ns14:PoundSterling2023-07-012024-06-3002946516ns10:Director12023-07-012024-06-3002946516ns10:Director22023-07-012024-06-3002946516ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3002946516ns10:SmallEntities2023-07-012024-06-3002946516ns10:Audited2023-07-012024-06-3002946516ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3002946516ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3002946516ns10:FullAccounts2023-07-012024-06-3002946516ns10:Director32023-07-012024-06-3002946516ns10:Director42023-07-012024-06-3002946516ns10:Director52023-07-012024-06-3002946516ns10:CompanySecretary12023-07-012024-06-3002946516ns10:RegisteredOffice2023-07-012024-06-3002946516ns5:CurrentFinancialInstruments2024-06-3002946516ns5:CurrentFinancialInstruments2023-06-3002946516ns5:ShareCapital2024-06-3002946516ns5:ShareCapital2023-06-3002946516ns5:FurtherSpecificReserve1ComponentTotalEquity2024-06-3002946516ns5:FurtherSpecificReserve1ComponentTotalEquity2023-06-3002946516ns5:PlantMachinery2023-07-012024-06-3002946516ns5:LandBuildings2023-06-3002946516ns5:PlantMachinery2023-06-3002946516ns5:LandBuildings2023-07-012024-06-3002946516ns5:LandBuildings2024-06-3002946516ns5:PlantMachinery2024-06-3002946516ns5:LandBuildings2023-06-3002946516ns5:PlantMachinery2023-06-3002946516ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3002946516ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3002946516ns5:CurrentFinancialInstruments2023-07-012024-06-30
REGISTERED NUMBER: 02946516 (England and Wales)















CHARLESTON COURT PROPERTY CO. LTD
PROPERTY MANAGEMENT

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






CHARLESTON COURT PROPERTY CO. LTD (REGISTERED NUMBER: 02946516)
PROPERTY MANAGEMENT






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHARLESTON COURT PROPERTY CO. LTD
PROPERTY MANAGEMENT

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mrs H A Forrester
L M Forrester
T P Wallace
J D M Sesnan
N P Wooldridge





SECRETARY: L M Forrester





REGISTERED OFFICE: 424 Margate Road
Ramsgate
Kent
CT12 6SJ





REGISTERED NUMBER: 02946516 (England and Wales)





AUDITORS: Spurling Cannon Audit Limited
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

CHARLESTON COURT PROPERTY CO. LTD (REGISTERED NUMBER: 02946516)
PROPERTY MANAGEMENT

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,620 38,667

CURRENT ASSETS
Debtors 5 45,795 32,483
Cash at bank and in hand 126,716 177,397
172,511 209,880
CREDITORS
Amounts falling due within one year 6 172,465 209,834
NET CURRENT ASSETS 46 46
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,666

38,713

CAPITAL AND RESERVES
Called up share capital 46 46
Other reserves 32,620 38,667
SHAREHOLDERS' FUNDS 32,666 38,713

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2024 and were signed on its behalf by:




L M Forrester - Director



Mrs H A Forrester - Director


CHARLESTON COURT PROPERTY CO. LTD (REGISTERED NUMBER: 02946516)
PROPERTY MANAGEMENT

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Charleston Court Property Co. Ltd 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.

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.

Turnover
Turnover represents service charges and associated income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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

Sinking fund
A sinking fund has been established to finance long term maintenance works which arise from time to time.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

CHARLESTON COURT PROPERTY CO. LTD (REGISTERED NUMBER: 02946516)
PROPERTY MANAGEMENT

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 1 71,695 71,696
Additions - 13,439 13,439
At 30 June 2024 1 85,134 85,135
DEPRECIATION
At 1 July 2023 - 33,029 33,029
Charge for year - 19,486 19,486
At 30 June 2024 - 52,515 52,515
NET BOOK VALUE
At 30 June 2024 1 32,619 32,620
At 30 June 2023 1 38,666 38,667

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts due from members 23,862 12,716
Sundry debtors 68 29
Prepayments 21,865 19,738
45,795 32,483

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation 332 175
Sundry creditors 24,479 66,752
Contributions in advance 88,469 78,761
Accruals and deferred income 5,037 4,668
Sinking funds 54,148 59,478
172,465 209,834

CHARLESTON COURT PROPERTY CO. LTD (REGISTERED NUMBER: 02946516)
PROPERTY MANAGEMENT

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

CONTRIBUTIONS IN ADVANCE
Contributions in advance is calculated by allocating the Service Charge contributions evenly over the period to which they relate. For 2024 the expenditure for the year has resulted in a net underspend of £31,350 (this incudes the underspend of £23,483 carried forward into this year) this amount has been adjusted for in the above figure. The Directors do not propose to repay this amount but to retain this to offset against future rising costs.


SINKING FUNDS
20242023
££
Balance brought forward59,47865,075
Charge for the year81,40074,800
Interest789678
141,667140,553
Transfer to profit and loss account(87,361)(80,940)
Tax on interest(158)(135)

54,14859,478
The sinking fund is established under leases issued by the freeholder and is held by the company on trust for the owners.

Interest arising on the sinking fund is assessable to tax at the rate applicable to trusts.

Expenditure on maintenance etc. is charged to the profit and loss account as incurred and funded by transfer from the sinking fund in the year of expenditure.

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jonathan Spurling (Senior Statutory Auditor)
for and on behalf of Spurling Cannon Audit Limited

8. RELATED PARTY DISCLOSURES

During the year the Company reimbursed £1,923 (2023 £1,440) to Mr L & Mrs H Forrester for costs incurred on behalf of the Company. Mr L & Mrs H Forrester are directors of the Company.