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REGISTERED NUMBER: 02915334 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

CHARLES STREET ESTATES LIMITED

CHARLES STREET ESTATES LIMITED (REGISTERED NUMBER: 02915334)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

CHARLES STREET ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: R N Keith





REGISTERED OFFICE: Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ





REGISTERED NUMBER: 02915334 (England and Wales)





ACCOUNTANTS: Goldwyns Limited
Chartered Accountants
Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ

CHARLES STREET ESTATES LIMITED (REGISTERED NUMBER: 02915334)

ABRIDGED BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,692 6,696
Investment property 5 1,900,000 1,900,000
1,905,692 1,906,696

CURRENT ASSETS
Debtors 575,658 513,806
Cash at bank and in hand 16,210 23,243
591,868 537,049
CREDITORS
Amounts falling due within one year 547,214 432,951
NET CURRENT ASSETS 44,654 104,098
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,950,346

2,010,794

PROVISIONS FOR LIABILITIES 82,514 108,089
NET ASSETS 1,867,832 1,902,705

CAPITAL AND RESERVES
Called up share capital 6 2 2
Undistributable reserves 7 682,455 682,455
Retained earnings 1,185,375 1,220,248
SHAREHOLDERS' FUNDS 1,867,832 1,902,705

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.

CHARLES STREET ESTATES LIMITED (REGISTERED NUMBER: 02915334)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 January 2025 and were signed by:





R N Keith - Director


CHARLES STREET ESTATES LIMITED (REGISTERED NUMBER: 02915334)

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

1. STATUTORY INFORMATION

Charles Street Estates Limited 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 company's place of business is located in London. This is different to the company's registered office address.

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 as modified by the revaluation of certain assets.

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.
Plant and machinery - Straight line over 3 years
Fixtures and fittings - 15% 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.

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 80,102
DEPRECIATION
At 1 May 2023 73,406
Charge for year 1,004
At 30 April 2024 74,410
NET BOOK VALUE
At 30 April 2024 5,692
At 30 April 2023 6,696

CHARLES STREET ESTATES LIMITED (REGISTERED NUMBER: 02915334)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 1,900,000
NET BOOK VALUE
At 30 April 2024 1,900,000
At 30 April 2023 1,900,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2011 104,688
Valuation in 2012 100,000
Valuation in 2013 100,000
Valuation in 2015 200,000
Valuation in 2016 300,000
Cost 1,095,312
1,900,000

If Investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,095,312 1,095,312

Investment properties were valued on an open market basis on 30 April 2024 by the director of the company .

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

7. RESERVES
Undistributable
reserves
£   
At 1 May 2023
and 30 April 2024 682,455

8. PENSION COMMITMENTS

During the year the company paid £1,101 (2023 - £1,321) into a defined contribution scheme on behalf of its employees.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CHARLES STREET ESTATES LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Charles Street Estates Limited for the year ended 30 April 2024 which comprise the Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Charles Street Estates Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Charles Street Estates Limited and state those matters that we have agreed to state to the director of Charles Street Estates Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Charles Street Estates Limited and its director for our work or for this report.

It is your duty to ensure that Charles Street Estates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Charles Street Estates Limited. You consider that Charles Street Estates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Charles Street Estates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Goldwyns Limited
Chartered Accountants
Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ


6 January 2025