IRIS Accounts Production v24.3.0.553 SC599708 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5997082023-04-30SC5997082024-04-30SC5997082023-05-012024-04-30SC5997082022-02-13SC5997082022-02-142023-04-30SC5997082023-04-30SC599708ns15:Scotland2023-05-012024-04-30SC599708ns14:PoundSterling2023-05-012024-04-30SC599708ns10:Director12023-05-012024-04-30SC599708ns10:PrivateLimitedCompanyLtd2023-05-012024-04-30SC599708ns10:SmallEntities2023-05-012024-04-30SC599708ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-30SC599708ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-30SC599708ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-30SC599708ns10:FullAccounts2023-05-012024-04-30SC599708ns10:OrdinaryShareClass12023-05-012024-04-30SC599708ns10:Director22023-05-012024-04-30SC599708ns10:CompanySecretary12023-05-012024-04-30SC599708ns10:RegisteredOffice2023-05-012024-04-30SC599708ns5:CurrentFinancialInstruments2024-04-30SC599708ns5:CurrentFinancialInstruments2023-04-30SC599708ns5:ShareCapital2024-04-30SC599708ns5:ShareCapital2023-04-30SC599708ns5:RetainedEarningsAccumulatedLosses2024-04-30SC599708ns5:RetainedEarningsAccumulatedLosses2023-04-30SC599708ns5:LeaseholdImprovements2023-05-012024-04-30SC599708ns5:FurnitureFittings2023-05-012024-04-30SC599708ns5:LeaseholdImprovements2023-04-30SC599708ns5:FurnitureFittings2023-04-30SC599708ns5:LeaseholdImprovements2024-04-30SC599708ns5:FurnitureFittings2024-04-30SC599708ns5:LeaseholdImprovements2023-04-30SC599708ns5:FurnitureFittings2023-04-30SC599708ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-30SC599708ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-30SC599708ns5:DeferredTaxation2023-04-30SC599708ns5:DeferredTaxation2024-04-30SC599708ns10:OrdinaryShareClass12024-04-30
REGISTERED NUMBER: SC599708 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Chardon Enterprises Limited

Chardon Enterprises Limited (Registered number: SC599708)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chardon Enterprises Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr M V Taylor
Mrs N J Taylor Beal





SECRETARY: Mr A I Armstrong





REGISTERED OFFICE: Victoria Chambers
142 West Nile Street
Glasgow
G1 2RQ





REGISTERED NUMBER: SC599708 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Chardon Enterprises Limited (Registered number: SC599708)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,025 32,971
Investment property 5 1,099,925 1,099,925
1,127,950 1,132,896

CURRENT ASSETS
Debtors 6 21,686 35,684
Cash at bank 51,238 48,298
72,924 83,982
CREDITORS
Amounts falling due within one year 7 1,866,691 1,826,058
NET CURRENT LIABILITIES (1,793,767 ) (1,742,076 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(665,817

)

(609,180

)

PROVISIONS FOR LIABILITIES 8 5,437 5,437
NET LIABILITIES (671,254 ) (614,617 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (671,354 ) (614,717 )
SHAREHOLDERS' FUNDS (671,254 ) (614,617 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Chardon Enterprises Limited (Registered number: SC599708)

Balance Sheet - continued
30 April 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2024 and were signed on its behalf by:





Mrs N J Taylor Beal - Director


Chardon Enterprises Limited (Registered number: SC599708)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Chardon Enterprises Limited is a private company, limited by shares , registered in Scotland. 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.

The financial statements have been prepared on the going concern basis notwithstanding that the company's liabilities exceeded its assets at the balance sheet date. The company is dependent on the continued financial support of its directors. Assurances have been provided by the directors that financial resources will be made available to ensure that the company can continue to meets its liabilities as they fall due for the period of 12 months from the date of approval of these accounts.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tenant's improvements - 20% on cost
Fittings and equipment - 20% on reducing balance

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.

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the statement of total comprehensive income in administrative expenses.


Chardon Enterprises Limited (Registered number: SC599708)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
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 makes contributions to the personal pension schemes of its employees. Contributions payable are charged to profit or loss in the period to which they relate.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the income statement over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Chardon Enterprises Limited (Registered number: SC599708)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fittings
Tenant's and
improvements equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 17,411 60,592 78,003
DEPRECIATION
At 1 May 2023 13,058 31,974 45,032
Charge for year 653 4,293 4,946
At 30 April 2024 13,711 36,267 49,978
NET BOOK VALUE
At 30 April 2024 3,700 24,325 28,025
At 30 April 2023 4,353 28,618 32,971

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 1,099,925
NET BOOK VALUE
At 30 April 2024 1,099,925
At 30 April 2023 1,099,925

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 9,255
Other debtors 21,686 26,429
21,686 35,684

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,063 13,380
Taxation and social security 284 861
Other creditors 1,863,344 1,811,817
1,866,691 1,826,058

Chardon Enterprises Limited (Registered number: SC599708)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 5,437 5,437

Deferred
tax
£   
Balance at 1 May 2023 5,437
Balance at 30 April 2024 5,437

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs N J Taylor Beal.