Registered number
09719532
Charlton Capital Ltd
Filleted Accounts
31 March 2024
Charlton Capital Ltd
Registered number: 09719532
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 477,182 477,182
Current assets
Investments held as current assets 4 900,000 900,000
Cash at bank and in hand 6,063 37,953
906,063 937,953
Creditors: amounts falling due within one year 5 (903,172) (987,182)
Net current assets/(liabilities) 2,891 (49,229)
Net assets 480,073 427,953
Capital and reserves
Called up share capital 10 10
Profit and loss account 480,063 427,943
Shareholders' funds 480,073 427,953
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Nalin Lalji Shah
Director
Approved by the board on 8 November 2024
Charlton Capital Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rents receivable on the investment property of the company.
Investment property
Investment properties are held to earn rental income and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on a ongoing basis are measured at a fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit or loss in the period in which they arise.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Investments Investment
property
£
Cost
At 1 April 2023 477,182
At 31 March 2024 477,182
4 Investments held as current assets 2024 2023
£ £
Fair value
Loans advanced 900,000 900,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Rent received in advance 3,125 3,125
Taxation and social security costs 15,132 15,385
Other creditors 884,915 968,672
903,172 987,182
6 Related party transactions
Included in other creditors is £ 884,195 (2023: £ 967,952) which is owed to the directors and the shareholders. This loan s provided on an interest free basis and is repayable on demand.
7 Other information
Charlton Capital Ltd is a private company limited by shares and incorporated in England. Its registered office is:
221 Charlton Road
Harrow
Middlesex
HA3 9HT
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