Charleswright Holdings Limited 08684403 false 2023-01-01 2024-03-31 2024-03-31 The principal activity of the company is that of a holding company. Digita Accounts Production Advanced 6.30.9574.0 true 08684403 2023-01-01 2024-03-31 08684403 2024-03-31 08684403 core:RetainedEarningsAccumulatedLosses 2024-03-31 08684403 core:ShareCapital 2024-03-31 08684403 core:CurrentFinancialInstruments 2024-03-31 08684403 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08684403 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 08684403 core:FurnitureFittingsToolsEquipment 2024-03-31 08684403 core:LandBuildings 2024-03-31 08684403 core:OtherPropertyPlantEquipment 2024-03-31 08684403 bus:SmallEntities 2023-01-01 2024-03-31 08684403 bus:AuditExemptWithAccountantsReport 2023-01-01 2024-03-31 08684403 bus:FilletedAccounts 2023-01-01 2024-03-31 08684403 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2024-03-31 08684403 bus:RegisteredOffice 2023-01-01 2024-03-31 08684403 bus:Director1 2023-01-01 2024-03-31 08684403 bus:PrivateLimitedCompanyLtd 2023-01-01 2024-03-31 08684403 core:FurnitureFittingsToolsEquipment 2023-01-01 2024-03-31 08684403 core:LandBuildings 2023-01-01 2024-03-31 08684403 core:OtherPropertyPlantEquipment 2023-01-01 2024-03-31 08684403 core:PlantMachinery 2023-01-01 2024-03-31 08684403 core:OtherRelatedParties 2023-01-01 2024-03-31 08684403 1 2023-01-01 2024-03-31 08684403 countries:EnglandWales 2023-01-01 2024-03-31 08684403 2022-12-31 08684403 core:FurnitureFittingsToolsEquipment 2022-12-31 08684403 core:LandBuildings 2022-12-31 08684403 core:OtherPropertyPlantEquipment 2022-12-31 08684403 2022-01-01 2022-12-31 08684403 2022-12-31 08684403 core:RetainedEarningsAccumulatedLosses 2022-12-31 08684403 core:ShareCapital 2022-12-31 08684403 core:CurrentFinancialInstruments 2022-12-31 08684403 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 08684403 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 08684403 core:FurnitureFittingsToolsEquipment 2022-12-31 08684403 core:LandBuildings 2022-12-31 08684403 core:OtherPropertyPlantEquipment 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 08684403

Charleswright Holdings Limited

Unaudited Filleted Financial Statements

for the Period from 1 January 2023 to 31 March 2024

Pages for filing with Registrar

 

Charleswright Holdings Limited

Contents


 

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 7

 

Charleswright Holdings Limited

Company Information


 

Director

Mr A Wright

Registered office

Thomas House
Meadowcroft Business Park
Pope Lane
Whitestake
Lancashire
PR4 4AZ

 

Charleswright Holdings Limited

(Registration number: 08684403)
Balance Sheet as at 31 March 2024

Note

2024
£

2022
£

Fixed assets

 

Tangible assets

4

152,252

171,338

Current assets

 

Debtors

5

18,528

23,184

Creditors: Amounts falling due within one year

6

-

(1,255)

Net current assets

 

18,528

21,929

Total assets less current liabilities

 

170,780

193,267

Creditors: Amounts falling due after more than one year

6

(105,555)

(103,555)

Provisions for liabilities

(536)

(688)

Net assets

 

64,689

89,024

Capital and reserves

 

Called up share capital

3

3

Retained earnings

64,686

89,021

Shareholders' funds

 

64,689

89,024

 

Charleswright Holdings Limited

(Registration number: 08684403)
Balance Sheet as at 31 March 2024 (continued)

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 November 2024
 

.........................................
Mr A Wright
Director

 

Charleswright Holdings Limited

Notes to the Financial Statements for the Period from 1 January 2023 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Thomas House
Meadowcroft Business Park
Pope Lane
Whitestake
Lancashire
PR4 4AZ

The principal place of business is:
Hepolite House
Brook Street
Preston
PR1 7HA

These financial statements were authorised for issue by the director on 15 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in Sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Disclosure of long or short period

The company has an extended period to align its period with the business of which it is a partner.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Charleswright Holdings Limited

Notes to the Financial Statements for the Period from 1 January 2023 to 31 March 2024 (continued)

2

Accounting policies (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

7% straight line

Land and buildings

2% straight line

Fixtures, fittings and equipment

20% reducing balance and 33% straight line

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

 

Charleswright Holdings Limited

Notes to the Financial Statements for the Period from 1 January 2023 to 31 March 2024 (continued)

2

Accounting policies (continued)

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

Classification
The Company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Company’s statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and liability simultaneously.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. As equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2022 - 1).

 

Charleswright Holdings Limited

Notes to the Financial Statements for the Period from 1 January 2023 to 31 March 2024 (continued)

4

Tangible assets

Land and buildings
£

Fixtures, fittings and equipment
£

Plant and machinery
 £

Total
£

Cost or valuation

At 1 January 2023

95,816

3,300

200,231

299,347

At 31 March 2024

95,816

3,300

200,231

299,347

Depreciation

At 1 January 2023

4,580

2,593

120,835

128,008

Charge for the period

1,145

441

17,501

19,087

At 31 March 2024

5,725

3,034

138,336

147,095

Carrying amount

At 31 March 2024

90,091

266

61,895

152,252

At 31 December 2022

91,235

707

79,396

171,338

5

Debtors

Current

2024
£

2022
£

Other debtors

18,528

23,184

6

Creditors

Creditors: amounts falling due within one year

2024
£

2022
£

Taxation and social security

-

1,255

Creditors: amounts falling due after more than one year

2024
£

2022
£

Loans and borrowings

105,555

103,555

7

Related party transactions

Summary of transactions with other related parties

Charleswright Holdings Limited is a corporate partner of a partnership. No rent is charged to the partnership by Charleswright Holdings Limited for the use of its property.