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REGISTERED NUMBER: 07112486 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

CHART TL CAPITAL LIMITED

CHART TL CAPITAL LIMITED (REGISTERED NUMBER: 07112486)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHART TL CAPITAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: D P T Granter
Ms L J Vidal





REGISTERED OFFICE: First Floor
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY





REGISTERED NUMBER: 07112486 (England and Wales)





ACCOUNTANTS: Galloways Accounting
4-10 Bailey House
Barttelot Road
Horsham
West Sussex
RH121DQ

CHART TL CAPITAL LIMITED (REGISTERED NUMBER: 07112486)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investments 3 2,385,838 2,332,877

CURRENT ASSETS
Debtors 4 1,008,790 1,529,278
Investments 5 1,705,714 5,696,520
Cash at bank 5,300,131 2,056,683
8,014,635 9,282,481
CREDITORS
Amounts falling due within one year 6 426,235 418,735
NET CURRENT ASSETS 7,588,400 8,863,746
TOTAL ASSETS LESS CURRENT LIABILITIES 9,974,238 11,196,623

CREDITORS
Amounts falling due after more than one year 7 13,700,000 13,700,000
NET LIABILITIES (3,725,762 ) (2,503,377 )

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings (3,725,764 ) (2,503,379 )
SHAREHOLDERS' FUNDS (3,725,762 ) (2,503,377 )

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.

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 21 March 2025 and were signed on its behalf by:





D P T Granter - Director


CHART TL CAPITAL LIMITED (REGISTERED NUMBER: 07112486)

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


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Preparation of consolidated financial statements
The financial statements contain information about Chart TL Capital Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the realised gains made on the sale of other investments and interest on other investments.

Income is recognised on an accruals basis when the company is entitled to the interest on investments.

Income in respect of gains on the sale of investments is recognised when the transaction occurs.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Going concern
The financial statements have been prepared on a going concern basis. The company has a deficiency in assets at 30 June 2024 of £3,725,762 (2023: £2,503,377). Included in long term creditors is £13,700,000 of redeemable preference share capital which is redeemable at the option of the company. These must be redeemed by 31 December 2025.

Investments held as current assets
Purchases and sales of investments are recognised on the trade date - the date on which the company becomes committed to purchase or sell the investment. Transaction costs are included in the profit and loss account as incurred. Investments held within current assets include secured and unsecured loans to small businesses and property developers, bridging loans and assets held with fund managers. Investments are held at cost less impairment provision.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

CHART TL CAPITAL LIMITED (REGISTERED NUMBER: 07112486)

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


3. FIXED ASSET INVESTMENTS
Investment
in
subsidiaries
£   
COST
At 1 July 2023
and 30 June 2024 2,345,810
PROVISIONS
At 1 July 2023 12,933
Provision for year (52,961 )
At 30 June 2024 (40,028 )
NET BOOK VALUE
At 30 June 2024 2,385,838
At 30 June 2023 2,332,877

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 28,854 28,854
Prepayments and accrued income 979,936 1,500,424
1,008,790 1,529,278

5. CURRENT ASSET INVESTMENTS
30.6.24 30.6.23
£    £   
Unlisted investments 1,705,714 5,696,520

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Amounts owed to group undertak ings 410,795 410,795
Trade creditors 4,500 -
Accruals and deferred income 10,940 7,940
426,235 418,735

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Preference shares 13,700,000 13,700,000

The 6,850,000 £1 preference B shares and 6,850,000 £1 preference C shares are redeemable at par at the option of the company. In an event, if not already redeemed, any remaining shares will be redeemed on 31 December 2025.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
2 Ordinary A shares of £1 each £1 2 2

CHART TL CAPITAL LIMITED (REGISTERED NUMBER: 07112486)

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


9. RELATED PARTY DISCLOSURES

At the year end the company was owed £28,854 by a related party (2023: £28,854). The loan is interest free and repayable on demand.