2 2 Charlie Laing Limited 05225523 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is consultancy. Digita Accounts Production Advanced 6.30.9574.0 true true 05225523 2023-10-01 2024-09-30 05225523 2024-09-30 05225523 core:CurrentFinancialInstruments 2024-09-30 05225523 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 05225523 core:AllSubsidiaries 2024-09-30 05225523 bus:SmallEntities 2023-10-01 2024-09-30 05225523 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 05225523 bus:FilletedAccounts 2023-10-01 2024-09-30 05225523 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 05225523 bus:RegisteredOffice 2023-10-01 2024-09-30 05225523 bus:Director1 2023-10-01 2024-09-30 05225523 bus:Director2 2023-10-01 2024-09-30 05225523 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05225523 core:AllSubsidiaries 2023-10-01 2024-09-30 05225523 countries:EnglandWales 2023-10-01 2024-09-30 05225523 2023-09-30 05225523 core:CostValuation 2023-09-30 05225523 core:AllSubsidiaries 2023-09-30 05225523 2022-10-01 2023-09-30 05225523 2023-09-30 05225523 core:CurrentFinancialInstruments 2023-09-30 05225523 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 05225523 core:AllSubsidiaries 2023-09-30 05225523 core:AllSubsidiaries 2022-10-01 2023-09-30 05225523 2022-09-30 05225523 core:AllSubsidiaries 2022-09-30 xbrli:pure iso4217:GBP

Registration number: 05225523

Charlie Laing Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Charlie Laing Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Charlie Laing Limited

Company Information

Directors

Mr C W D Laing

Mrs A C Laing

Registered office

Fawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD

 

Charlie Laing Limited

(Registration number: 05225523)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

18,001

18,001

Current assets

 

Debtors

5

5,732

6,401

Cash at bank and in hand

 

655

613

 

6,387

7,014

Creditors: Amounts falling due within one year

6

(689,411)

(688,679)

Net current liabilities

 

(683,024)

(681,665)

Net liabilities

 

(665,023)

(663,664)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(665,123)

(663,764)

Shareholders' deficit

 

(665,023)

(663,664)

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their 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 and 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 January 2025 and signed on its behalf by:
 

.........................................
Mr C W D Laing
Director

 

Charlie Laing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 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:
Fawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD
England

These financial statements were authorised for issue by the Board on 28 January 2025.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The company’s balance sheet at the year end shows an insolvent position, however with the continued support of the directors the company is able to meet its obligations as and when they fall due and as such the accounts have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Charlie Laing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Charlie Laing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Investments

2024
£

2023
£

Investments in associates

18,001

18,001

Associates

£

Cost

At 1 October 2023

18,001

Provision

Carrying amount

At 30 September 2024

18,001

At 30 September 2023

18,001

5

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

5,664

5,664

Amounts owed by related parties

7

-

679

Other debtors

 

68

58

   

5,732

6,401

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

900

900

Other creditors

688,511

687,779

689,411

688,679

 

Charlie Laing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7

Related party transactions

Loans to related parties

2024

Subsidiary
£

Total
£

At start of period

679

679

Repaid

(679)

(679)

At end of period

-

-

2023

Subsidiary
£

Total
£

At start of period

1,819

1,819

Advanced

300

300

Repaid

(1,440)

(1,440)

At end of period

679

679

Loans from related parties

2024

Subsidiary
£

Total
£

Advanced

844

844

At end of period

844

844

Terms of loans from related parties

The loan to/from the subsidiary is interest free and has no fixed repayment terms.