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REGISTERED NUMBER: 13233091 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 28 February 2024

for

Charltons Holdings Ltd

Charltons Holdings Ltd (Registered number: 13233091)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Charltons Holdings Ltd

Company Information
for the Year Ended 28 February 2024







DIRECTORS: P J Charlton
A D Charlton
D G Charlton





REGISTERED OFFICE: Sawmills
Buckland Down
Nr Frome
Somerset
BA11 2RH





REGISTERED NUMBER: 13233091 (England and Wales)

Charltons Holdings Ltd (Registered number: 13233091)

Balance Sheet
28 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,150,384 1,150,384

CURRENT ASSETS
Debtors 5 1,958 1,686
Cash at bank 134,168 133,428
136,126 135,114
CREDITORS
Amounts falling due within one year 6 500,313 482,650
NET CURRENT LIABILITIES (364,187 ) (347,536 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

786,197

802,848

CREDITORS
Amounts falling due after more than one
year

7

625,861

681,261
NET ASSETS 160,336 121,587

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 160,036 121,287
160,336 121,587

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 14 November 2024 and were signed on its behalf by:





P J Charlton - Director


Charltons Holdings Ltd (Registered number: 13233091)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

Charltons Holdings 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.

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
Although the company has net current liabilities at the end of the year, it has overall net assets. The company is financially supported by the directors. As a consequence, the directors have a reasonable expectation that the company is well placed to manage its business risks successfully and accordingly adopts the going concern basis in preparing the annual report and accounts.

Turnover
Turnover represents rental income receivable excluding applicable Value Added Tax. Rental income is
recognised in accordance with the terms of tenants' leases.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 ) .

Charltons Holdings Ltd (Registered number: 13233091)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 28 February 2024 1,150,384
NET BOOK VALUE
At 28 February 2024 1,150,384
At 28 February 2023 1,150,384

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT 1,958 1,686

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 38,172 17,142
Tax 15,973 20,011
Directors' current accounts 442,183 441,534
Accrued expenses 3,985 3,963
500,313 482,650

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 42,982 18,080
Bank loans - 2-5 years 582,879 663,181
625,861 681,261

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 664,033 698,403

Bank borrowings are secured by a fixed and floating charge over the property held by the company.

9. RELATED PARTY DISCLOSURES

During the year rent totalling £129,000 (2023: £129,000) was received from a company under common control.

At the end of the year, the directors were owed £442,183 (2023: £441,534). The loans are interest free and repayable on demand.