Company registration number 08049538 (England and Wales)
CHARTERHOUSE MULLER UK LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
CHARTERHOUSE MULLER UK LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 7
CHARTERHOUSE MULLER UK LIMITED
BALANCE SHEET
AS AT 30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
927
4,485
Tangible assets
4
94,643
80,686
95,570
85,171
Current assets
Stocks
77,311
108,043
Debtors
5
165,900
575,367
Cash at bank and in hand
949,360
240,687
1,192,571
924,097
Creditors: amounts falling due within one year
6
(628,580)
(402,586)
Net current assets
563,991
521,511
Total assets less current liabilities
659,561
606,682
Creditors: amounts falling due after more than one year
7
(7,688)
(17,199)
Provisions for liabilities
(18,904)
(15,392)
Net assets
632,969
574,091
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
632,869
573,991
Total equity
632,969
574,091

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 27 March 2025 and are signed on its behalf by:
J Kelly
Director
Company registration number 08049538 (England and Wales)
CHARTERHOUSE MULLER UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information

Charterhouse Muller UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1, Progression Centre, First Floor, Mark Road, Hemel Hempstead, Herts, HP2 7DW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods or collection by the customer), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Intangible fixed assets other than goodwill

Intangible assets are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software
33% on cost
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
25% on cost
Plant and equipment
20% on cost
Fixtures and fittings
20% on cost
Computer equipment
20% on cost
Motor vehicles
33% on cost
CHARTERHOUSE MULLER UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 3 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors an loans from fellow group companies, are initially recognised at transaction price.Financial liabilities classified as payable within one year are not amortised.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

CHARTERHOUSE MULLER UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

CHARTERHOUSE MULLER UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
28
25
3
Intangible fixed assets
Other
£
Cost
At 1 July 2023
17,711
Additions
718
Disposals
(17,000)
At 30 June 2024
1,429
Amortisation and impairment
At 1 July 2023
13,226
Amortisation charged for the year
2,659
Disposals
(15,383)
At 30 June 2024
502
Carrying amount
At 30 June 2024
927
At 30 June 2023
4,485
CHARTERHOUSE MULLER UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 6 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 July 2023
-
0
247,602
247,602
Additions
7,500
53,983
61,483
Disposals
-
0
(22,000)
(22,000)
At 30 June 2024
7,500
279,585
287,085
Depreciation and impairment
At 1 July 2023
-
0
166,916
166,916
Depreciation charged in the year
306
47,220
47,526
Eliminated in respect of disposals
-
0
(22,000)
(22,000)
At 30 June 2024
306
192,136
192,442
Carrying amount
At 30 June 2024
7,194
87,449
94,643
At 30 June 2023
-
0
80,686
80,686
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
74,935
480,652
Other debtors
90,965
94,715
165,900
575,367
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
77,134
67,587
Amounts owed to group undertakings
125,039
74,266
Corporation tax
43,340
101,357
Other taxation and social security
67,348
43,193
Other creditors
315,719
116,183
628,580
402,586

Included within other creditors are amounts due down hire purchases contracts amounting to £10,020 (2023: £10,020), which are secured against the assets financed.

CHARTERHOUSE MULLER UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 7 -
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
7,688
17,199

Included within other creditors are amounts due down hire purchases contracts amounting to £7,688 (2023: £17,199), which are secured against the assets financed.

8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Carolyn Robson
Statutory Auditor:
Rouse Audit LLP
Date of audit report:
27 March 2025
9
Operating lease commitments
Lessee

The operating leases in place at year ended 30 June 2024 relate to rental properties.

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
418,500
526,500
10
Events after the reporting date

On 1 July 2024, the trade and assets of Charterhouse Muller UK Limited were hived up to its parent undertaking, Academia Limited.

11
Parent company

The company's immediate parent undertaking is Academia Limited, a company incorporated in England and Wales.

 

The group for which consolidated financial statements are drawn up of which this entity is a member, is that headed up by it's ultimate parent undertaking, Strive Investments Limited, a company incorporated in England and Wales. The registered office of Strive Investments Limited is 55 Station Road, Beaconsfield, Bucks, HP9 1QL.

The ultimate controlling party is A J Harman by virtue of his majority shareholding in the parent company, Strive Investments Limited.

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