IRIS Accounts Production v24.3.2.46 09940056 Board of Directors 1.7.23 30.6.24 30.6.24 Medium entities the holding company of a property project management group. 0 0 true false true true false false true false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh099400562023-06-30099400562024-06-30099400562023-07-012024-06-30099400562022-06-30099400562022-07-012023-06-30099400562023-06-3009940056ns15:EnglandWales2023-07-012024-06-3009940056ns14:PoundSterling2023-07-012024-06-3009940056ns10:Director12023-07-012024-06-3009940056ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3009940056ns10:MediumEntities2023-07-012024-06-3009940056ns10:Audited2023-07-012024-06-3009940056ns10:Medium-sizedCompaniesRegimeForDirectorsReport2023-07-012024-06-3009940056ns10:Medium-sizedCompaniesRegimeForAccounts2023-07-012024-06-3009940056ns10:FullAccounts2023-07-012024-06-3009940056ns10:Director22023-07-012024-06-3009940056ns10:Director32023-07-012024-06-3009940056ns10:Director42023-07-012024-06-3009940056ns10:Director52023-07-012024-06-3009940056ns10:RegisteredOffice2023-07-012024-06-3009940056ns5:CurrentFinancialInstruments2024-06-3009940056ns5:CurrentFinancialInstruments2023-06-3009940056ns5:ShareCapital2024-06-3009940056ns5:ShareCapital2023-06-3009940056ns5:SharePremium2024-06-3009940056ns5:SharePremium2023-06-3009940056ns5:RetainedEarningsAccumulatedLosses2024-06-3009940056ns5:RetainedEarningsAccumulatedLosses2023-06-3009940056ns5:ShareCapital2022-06-3009940056ns5:RetainedEarningsAccumulatedLosses2022-06-3009940056ns5:SharePremium2022-06-3009940056ns5:RetainedEarningsAccumulatedLosses2022-07-012023-06-3009940056ns5:RetainedEarningsAccumulatedLosses2023-07-012024-06-3009940056ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-07-012024-06-3009940056ns5:OwnedAssets2023-07-012024-06-3009940056ns5:OwnedAssets2022-07-012023-06-3009940056ns5:LandBuildings2023-06-3009940056ns5:LandBuildings2023-07-012024-06-3009940056ns5:LandBuildings2024-06-3009940056ns5:LandBuildings2023-06-3009940056ns5:CostValuation2023-06-3009940056ns5:CostValuationns5:ListedExchangeTraded2023-06-3009940056ns5:UnlistedNon-exchangeTradedns5:CostValuation2023-06-3009940056ns5:DisposalsRepaymentsInvestments2024-06-3009940056ns5:ListedExchangeTradedns5:DisposalsRepaymentsInvestments2024-06-3009940056ns5:UnlistedNon-exchangeTradedns5:DisposalsRepaymentsInvestments2024-06-3009940056ns5:RevaluationsIncreaseDecreaseInInvestments2024-06-3009940056ns5:RevaluationsIncreaseDecreaseInInvestmentsns5:ListedExchangeTraded2024-06-3009940056ns5:UnlistedNon-exchangeTradedns5:RevaluationsIncreaseDecreaseInInvestments2024-06-3009940056ns5:CostValuation2024-06-3009940056ns5:CostValuationns5:ListedExchangeTraded2024-06-3009940056ns5:UnlistedNon-exchangeTradedns5:CostValuation2024-06-3009940056ns5:ListedExchangeTraded2024-06-3009940056ns5:UnlistedNon-exchangeTraded2024-06-3009940056ns5:ListedExchangeTraded2023-06-3009940056ns5:UnlistedNon-exchangeTraded2023-06-3009940056ns5:Subsidiary12023-07-012024-06-30099400561ns5:Subsidiary12023-07-012024-06-3009940056ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3009940056ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3009940056ns5:RetainedEarningsAccumulatedLosses2023-06-3009940056ns5:SharePremium2023-06-30
REGISTERED NUMBER: 09940056 (England and Wales)







REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

GREAT CHARLES STREET PROPERTIES LIMITED

GREAT CHARLES STREET PROPERTIES LIMITED (REGISTERED NUMBER: 09940056)

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










Page

Company Information 1

Report of the Directors 2

Report of the Independent Auditors 3

Income Statement 6

Balance Sheet 7

Statement of Changes in Equity 8

Notes to the Financial Statements 9


GREAT CHARLES STREET PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: D P Gallagher
J Craig
G Ludlow
A Morgan
M J Burgin





REGISTERED OFFICE: 26-28 Ludgate Hill
Birmingham
B3 1DX





REGISTERED NUMBER: 09940056 (England and Wales)





AUDITORS: Prime
Chartered Accountants
Statutory Auditor
161 Newhall Street
Birmingham
B3 1SW

GREAT CHARLES STREET PROPERTIES LIMITED (REGISTERED NUMBER: 09940056)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 JUNE 2024


The directors present their report with the financial statements of the company for the year ended 30 June 2024.

DIVIDENDS
The total distribution of dividends for the year ended 30 June 2024 will be £357,000 (2023: £Nil).

DIRECTORS
The directors shown below have held office during the whole of the period from 1 July 2023 to the date of this report.

D P Gallagher
J Craig
G Ludlow
A Morgan
M J Burgin

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Prime, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





J Craig - Director


19 February 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
GREAT CHARLES STREET PROPERTIES LIMITED


Opinion
We have audited the financial statements of Great Charles Street Properties Limited (the 'company') for the year ended 30 June 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 June 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Directors has been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
GREAT CHARLES STREET PROPERTIES LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the industry sector;
- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence;

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining accounting estimates were indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
GREAT CHARLES STREET PROPERTIES LIMITED


In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- enquiring of management as to actual and potential litigation and claims; and
- reviewing correspondence with HMRC and other relevant parties.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Kevin Johns FCA (Senior Statutory Auditor)
for and on behalf of Prime
Chartered Accountants
Statutory Auditor
161 Newhall Street
Birmingham
B3 1SW

4 March 2025

GREAT CHARLES STREET PROPERTIES LIMITED (REGISTERED NUMBER: 09940056)

INCOME STATEMENT
FOR THE YEAR ENDED 30 JUNE 2024

2024 2023
Notes £    £    £    £   

TURNOVER - -

Administrative expenses 119,255 60,010
(119,255 ) (60,010 )

Other operating income 84,170 84,170
OPERATING (LOSS)/PROFIT 4 (35,085 ) 24,160

Income from shares in group
undertakings

357,000

230,000
Income from fixed asset investments 234,153 149,007
Interest receivable and similar income 21,390 19,084
612,543 398,091
577,458 422,251
Movement in Investments 5 (229,384 ) 11,341
PROFIT BEFORE TAXATION 806,842 410,910

Tax on profit 6 76,343 35,681
PROFIT FOR THE FINANCIAL YEAR 730,499 375,229

GREAT CHARLES STREET PROPERTIES LIMITED (REGISTERED NUMBER: 09940056)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 1,621,500 1,725,000
Investments 9 14,419,992 14,204,236
16,041,492 15,929,236

CURRENT ASSETS
Debtors 10 1,794,059 1,819,775
Cash at bank 657,754 332,058
2,451,813 2,151,833
CREDITORS
Amounts falling due within one year 11 149,341 110,604
NET CURRENT ASSETS 2,302,472 2,041,229
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,343,964

17,970,465

CAPITAL AND RESERVES
Called up share capital 12 720 720
Share premium 13 2,999,280 2,999,280
Retained earnings 13 15,343,964 14,970,465
18,343,964 17,970,465

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2025 and were signed on its behalf by:





J Craig - Director


GREAT CHARLES STREET PROPERTIES LIMITED (REGISTERED NUMBER: 09940056)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024

Called up
share Retained Share Total
capital earnings premium equity
£    £    £    £   
Balance at 1 July 2022 720 14,595,236 2,999,280 17,595,236

Changes in equity
Total comprehensive income - 375,229 - 375,229
Balance at 30 June 2023 720 14,970,465 2,999,280 17,970,465

Changes in equity
Dividends - (357,000 ) - (357,000 )
Total comprehensive income - 730,499 - 730,499
Balance at 30 June 2024 720 15,343,964 2,999,280 18,343,964

GREAT CHARLES STREET PROPERTIES LIMITED (REGISTERED NUMBER: 09940056)

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


1. STATUTORY INFORMATION

Great Charles Street Properties 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost

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.

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.

GREAT CHARLES STREET PROPERTIES LIMITED (REGISTERED NUMBER: 09940056)

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


2. ACCOUNTING POLICIES - continued

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. The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria has been met for each of the entity's activities.

Investments
Investments in subsidiary undertakings are recognised at cost.
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.
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.

3. EMPLOYEES AND DIRECTORS

There were no staff costs for the year ended 30 June 2024 nor for the year ended 30 June 2023.

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

2024 2023
£    £   
Directors' remuneration - -

4. OPERATING (LOSS)/PROFIT

The operating loss (2023 - operating profit) is stated after charging/(crediting):

2024 2023
£    £   
Depreciation - owned assets 103,500 -
Profit on disposal of fixed assets (422 ) -

5. MOVEMENT IN INVESTMENTS
2024 2023
£    £   
Change in market value (229,384 ) 11,341

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 76,343 35,681
Tax on profit 76,343 35,681

GREAT CHARLES STREET PROPERTIES LIMITED (REGISTERED NUMBER: 09940056)

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


6. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 806,842 410,910
Profit multiplied by the standard rate of corporation tax in the UK of
25% (2023 - 20.500%)

201,711

84,237

Effects of:
Capital allowances in excess of depreciation - (3,724 )
Depreciation in excess of capital allowances 21,334 -
Dividends received (89,250 ) (47,150 )
Change in Market Value of investments (57,346 ) 2,318
Disposal of UK Government Bonds (106 ) -
Total tax charge 76,343 35,681

7. DIVIDENDS

20242023
££

Interim dividends357,000-

8. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 July 2023
and 30 June 2024 1,725,000
DEPRECIATION
Charge for year 103,500
At 30 June 2024 103,500
NET BOOK VALUE
At 30 June 2024 1,621,500
At 30 June 2023 1,725,000

GREAT CHARLES STREET PROPERTIES LIMITED (REGISTERED NUMBER: 09940056)

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


9. FIXED ASSET INVESTMENTS
Shares in Fixed
group term Unlisted
undertakings deposits investments Totals
£    £    £    £   
COST OR VALUATION
At 1 July 2023 5,276,255 4,960,000 3,967,981 14,204,236
Disposals - - (13,628 ) (13,628 )
Revaluations - - 229,384 229,384
At 30 June 2024 5,276,255 4,960,000 4,183,737 14,419,992
NET BOOK VALUE
At 30 June 2024 5,276,255 4,960,000 4,183,737 14,419,992
At 30 June 2023 5,276,255 4,960,000 3,967,981 14,204,236

Cost or valuation at 30 June 2024 is represented by:

Shares in Fixed
group term Unlisted
undertakings deposits investments Totals
£    £    £    £   
Valuation in 2023 - - (11,341 ) (11,341 )
Valuation in 2024 - - 229,384 229,384
Cost 5,276,255 4,960,000 3,965,694 14,201,949
5,276,255 4,960,000 4,183,737 14,419,992

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Stoford Properties Ltd
Registered office:
Nature of business:
%
Class of shares: holding
Ordinary £1 100.00


Proportion of voting
rights and shares held

Name of UndertakingHolding20242023
Stoford Properties LimitedOrdinary £1 shares100%100%

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 1,666,338 1,670,768
Prepayments 127,721 149,007
1,794,059 1,819,775

GREAT CHARLES STREET PROPERTIES LIMITED (REGISTERED NUMBER: 09940056)

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


11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 76,343 35,681
VAT 2,505 4,430
Directors' current accounts 70,493 70,493
149,341 110,604

12. CALLED UP SHARE CAPITAL

Alloted, issued and fully paid:

Number: Class: Nominal 2024 2023
value: £ £
160 Ordinary A £1 160 160
160 Ordinary B £1 160 160
160 Ordinary C £1 160 160
160 Ordinary D £1 160 160
40 Ordinary E £1 40 40
40 Ordinary F £1 40 40
720 720


13. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 July 2023 14,970,465 2,999,280 17,969,745
Profit for the year 730,499 730,499
Dividends (357,000 ) (357,000 )
At 30 June 2024 15,343,964 2,999,280 18,343,244

14. ULTIMATE CONTROLLING PARTY

These individual accounts do not include the financial information of the group as consolidation takes place at the level of the ultimate parent company.

The ultimate parent and controlling party is Ludgate Hill Properties Limited, incorporated in England.
The most senior parent entity producing publicly available financial statements is Ludgate Hill Properties Limited. These financial statements are available upon request from Companies House.

The address of Ludgate Hill Properties Limited is:
26-28 Ludgate Hill
Birmingham
B3 1DX