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REGISTERED NUMBER: 04811954 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Charles Nolan Investments Limited

Charles Nolan Investments Limited (Registered number: 04811954)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Charles Nolan Investments Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs L A Farr
A C Farr





SECRETARY: Mrs L A Farr





REGISTERED OFFICE: The Ingle
Poolhead Lane
Tanworth In Arden
West Midlands
B94 5EH





REGISTERED NUMBER: 04811954 (England and Wales)





ACCOUNTANTS: Locke Williams Associates LLP
Chartered Accountants
Studio 2
50-54 St Pauls Square
Birmingham
West Midlands
B3 1QS

Charles Nolan Investments Limited (Registered number: 04811954)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 144,810 140,712
144,810 140,712

CURRENT ASSETS
Debtors 6 5,974 6,032
Cash at bank 16,516 26,097
22,490 32,129
CREDITORS
Amounts falling due within one year 7 24,053 24,053
NET CURRENT (LIABILITIES)/ASSETS (1,563 ) 8,076
TOTAL ASSETS LESS CURRENT
LIABILITIES

143,247

148,788

CREDITORS
Amounts falling due after more than one
year

8

172,200

172,200
NET LIABILITIES (28,953 ) (23,412 )

CAPITAL AND RESERVES
Called up share capital 9 201 201
Share premium 10 49,800 49,800
Revaluation reserve 10 8,058 8,058
Retained earnings 10 (87,012 ) (81,471 )
SHAREHOLDERS' FUNDS (28,953 ) (23,412 )

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

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

Charles Nolan Investments Limited (Registered number: 04811954)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by:





A C Farr - Director


Charles Nolan Investments Limited (Registered number: 04811954)

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

1. STATUTORY INFORMATION

Charles Nolan Investments 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 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 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.

The policies adopted for the recognition of turnover are as follows:

Rents receivableTurnover from property rentals is recognised on a straight-line basis over the
lease term.
Service chargesRecharges of service charge costs are recognised as the costs are incurred.

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 - 33% on cost
Computer equipment - 33% on cost

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.

For the purposes of clarity, any surplus arising on revaluation is then transferred and held in a separate revaluation reserve, so as to distinguish this from other realised and distributable reserves. The transfer is made after accounting for any element of deferred tax provided for in respect of the revalued property.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Charles Nolan Investments Limited (Registered number: 04811954)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 1,319 2,193 3,512
DEPRECIATION
At 1 July 2023
and 30 June 2024 1,319 2,193 3,512
NET BOOK VALUE
At 30 June 2024 - - -
At 30 June 2023 - - -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 140,712
Additions 4,098
At 30 June 2024 144,810
NET BOOK VALUE
At 30 June 2024 144,810
At 30 June 2023 140,712

Charles Nolan Investments Limited (Registered number: 04811954)

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

5. INVESTMENT PROPERTY - continued

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2016 36,116
Valuation in 2018 40,000
Valuation in 2019 (30,000 )
Valuation in 2020 (30,000 )
Valuation in 2023 (8,058 )
Cost 136,752
144,810

The investment property portfolio was reviewed by the director at 30 June 2024. The director has based his opinion on the revalued fair value of the investment property, by reference to his knowledge of the condition of the property and his judgement of the prevailing market prices for similar properties in the locality of each property within the portfolio.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Amounts owed by related undertakings 5,000 5,000
Other debtors 974 1,032
5,974 6,032

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other creditors 24,053 24,053

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Other creditors 172,200 172,200

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
201 Ordinary Shares 1 201 201

10. RESERVES
Retained Share Revaluation
earnings premium reserve Totals
£    £    £    £   

At 1 July 2023 (81,471 ) 49,800 8,058 (23,613 )
Deficit for the year (5,541 ) (5,541 )
At 30 June 2024 (87,012 ) 49,800 8,058 (29,154 )

Charles Nolan Investments Limited (Registered number: 04811954)

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

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

No interest is charged on the loan from the director. The loan is shown as other creditors repayable after more than five years, as it will be repayable on the disposal of the underlying investment properties.

12. RELATED PARTY DISCLOSURES

The controlling party is A C Farr.