Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 03001982 Mr Nigel Baylis Mrs Sonya Baylis Mrs Margaret Jones iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03001982 2023-06-30 03001982 2024-06-30 03001982 2023-07-01 2024-06-30 03001982 frs-core:CurrentFinancialInstruments 2024-06-30 03001982 frs-core:ShareCapital 2024-06-30 03001982 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 03001982 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03001982 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 03001982 frs-bus:SmallEntities 2023-07-01 2024-06-30 03001982 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 03001982 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 03001982 frs-bus:Director1 2023-07-01 2024-06-30 03001982 frs-bus:Director2 2023-07-01 2024-06-30 03001982 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 03001982 frs-countries:EnglandWales 2023-07-01 2024-06-30 03001982 2022-06-30 03001982 2023-06-30 03001982 2022-07-01 2023-06-30 03001982 frs-core:CurrentFinancialInstruments 2023-06-30 03001982 frs-core:ShareCapital 2023-06-30 03001982 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 03001982
Charter Projects Management Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Formulate Change Ltd T/A Osborne & Co
203 London Road
Hadleigh
Essex
SS7 2RD
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 03001982
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 496,352 496,352
Cash at bank and in hand 101 101
496,453 496,453
Creditors: Amounts Falling Due Within One Year 5 (295,400 ) (295,400 )
NET CURRENT ASSETS (LIABILITIES) 201,053 201,053
TOTAL ASSETS LESS CURRENT LIABILITIES 201,053 201,053
NET ASSETS 201,053 201,053
CAPITAL AND RESERVES
Called up share capital 6 3 3
Profit and Loss Account 201,050 201,050
SHAREHOLDERS' FUNDS 201,053 201,053
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Nigel Baylis
Director
26/03/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Charter Projects Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03001982 . The registered office is Aviation Way, Southend-On-Sea, Essex, SS2 6UN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.4. Dormant accounts
The company had no trading activity during the year and was effectively dormant throughout.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Debtors
2024 2023
£ £
Due within one year
Other debtors 496,352 496,352
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
VAT 526 526
Other creditors 294,499 294,499
Accruals and deferred income 375 375
295,400 295,400
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
7. Related Party Transactions
Included in other creditors at the period end are amounts owed to Charter Projects (Developments) Limited, a company connected by virtue of common control, of £292,374 (2023 £292,374).
Included in other debtors at the period end are amounts owed by The Athenaeum Club Limited, a company connected by virtue of common control, of £496,352 (2023 £496,352).
All of the above balances are interest free and repayable on demand
Page 3