IRIS Accounts Production v24.3.2.46 11922171 director 1.5.23 30.4.24 30.4.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh119221712023-04-30119221712024-04-30119221712023-05-012024-04-30119221712022-04-30119221712022-05-012023-04-30119221712023-04-3011922171ns15:EnglandWales2023-05-012024-04-3011922171ns14:PoundSterling2023-05-012024-04-3011922171ns10:Director12023-05-012024-04-3011922171ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3011922171ns10:SmallEntities2023-05-012024-04-3011922171ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3011922171ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3011922171ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3011922171ns10:FullAccounts2023-05-012024-04-3011922171ns10:OrdinaryShareClass12023-05-012024-04-3011922171ns10:RegisteredOffice2023-05-012024-04-3011922171ns5:CurrentFinancialInstruments2024-04-3011922171ns5:CurrentFinancialInstruments2023-04-3011922171ns5:Non-currentFinancialInstruments2024-04-3011922171ns5:Non-currentFinancialInstruments2023-04-3011922171ns5:ShareCapital2024-04-3011922171ns5:ShareCapital2023-04-3011922171ns5:RetainedEarningsAccumulatedLosses2024-04-3011922171ns5:RetainedEarningsAccumulatedLosses2023-04-3011922171ns5:ComputerEquipment2023-05-012024-04-3011922171ns5:ComputerEquipment2023-04-3011922171ns5:ComputerEquipment2024-04-3011922171ns5:ComputerEquipment2023-04-3011922171ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3011922171ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3011922171ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-04-3011922171ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-04-3011922171ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-04-3011922171ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-04-3011922171ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-04-3011922171ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-04-3011922171ns10:OrdinaryShareClass12024-04-30119221711ns10:Director12023-04-30119221711ns10:Director12022-04-30119221711ns10:Director12023-05-012024-04-30119221711ns10:Director12022-05-012023-04-30119221711ns10:Director12024-04-30119221711ns10:Director12023-04-30
REGISTERED NUMBER: 11922171 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 APRIL 2024

FOR

CHART LAND LTD

CHART LAND LTD (REGISTERED NUMBER: 11922171)

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


CHART LAND LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Mr R A D Cochrane





REGISTERED OFFICE: Honey Barrett
Pharmacy Chambers
High Street
Wadhurst
East Sussex
TN5 6AP





REGISTERED NUMBER: 11922171 (England and Wales)





ACCOUNTANTS: Honey Barrett Limited
Chartered Accountants
Pharmacy Chambers
High Street
Wadhurst
East Sussex
TN5 6AP

CHART LAND LTD (REGISTERED NUMBER: 11922171)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 6 48,488 48,672
Cash at bank 5 4,743
48,493 53,415
CREDITORS
Amounts falling due within one year 7 27,922 32,198
NET CURRENT ASSETS 20,571 21,217
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,571

21,217

CREDITORS
Amounts falling due after more than one
year

8

19,561

21,146
NET ASSETS 1,010 71

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 1,009 70
SHAREHOLDERS' FUNDS 1,010 71

CHART LAND LTD (REGISTERED NUMBER: 11922171)

BALANCE SHEET - continued
30 APRIL 2024


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 director acknowledges his 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 January 2025 and were signed by:





Mr R A D Cochrane - Director


CHART LAND LTD (REGISTERED NUMBER: 11922171)

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


1. STATUTORY INFORMATION

Chart Land 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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.
Office equipment - 33% on cost

All fixed assets are initially recorded at cost.

CHART LAND LTD (REGISTERED NUMBER: 11922171)

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


3. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

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

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.


CHART LAND LTD (REGISTERED NUMBER: 11922171)

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


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:

Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold.

Deferred tax assets are recognised only to the extent that the Director considers that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

CHART LAND LTD (REGISTERED NUMBER: 11922171)

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


5. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 May 2023
and 30 April 2024 200
DEPRECIATION
At 1 May 2023
and 30 April 2024 200
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Director's current account 36,621 34,701
Tax recoverable 11,867 13,971
48,488 48,672

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,040 4,167
Corporation tax 18,170 24,186
VAT 2,317 2,667
Accruals and deferred income 1,395 1,178
27,922 32,198

CHART LAND LTD (REGISTERED NUMBER: 11922171)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 4,167 4,167
Bank loans - 2-5 years 12,500 12,500
Bank loans over 5 years 2,894 4,479
19,561 21,146

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years 2,894 4,479

9. CALLED UP SHARE CAPITAL

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

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mr R A D Cochrane
Balance outstanding at start of year 34,701 39,421
Amounts advanced 16,844 17,733
Amounts repaid (14,924 ) (22,453 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 36,621 34,701

Advances to the director are repayable on demand. Interest is charged at the HMRC official rate.