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REGISTERED NUMBER: 05870063 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Charleston Bespoke Homes Ltd

Charleston Bespoke Homes Ltd (Registered number: 05870063)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Charleston Bespoke Homes Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr G M Adlem
C Adlem
Mr S Curtis





SECRETARY: Mrs C J Cross





REGISTERED OFFICE: Unit 5 Brickfields Business Park
Gillingham
Dorset
SP8 4PX





REGISTERED NUMBER: 05870063 (England and Wales)





ACCOUNTANTS: Ward Goodman
4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF

Charleston Bespoke Homes Ltd (Registered number: 05870063)

Abridged Statement of Financial Position
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 215,473 264,758

CURRENT ASSETS
Stocks 638,976 234,736
Debtors 291,396 504,358
Investments 50 50
Prepayments and accrued income 7,179 -
Cash at bank and in hand 10,113 25,471
947,714 764,615
CREDITORS
Amounts falling due within one year 557,104 649,538
NET CURRENT ASSETS 390,610 115,077
TOTAL ASSETS LESS CURRENT
LIABILITIES

606,083

379,835

CREDITORS
Amounts falling due after more than one year (185,859 ) (102,616 )

PROVISIONS FOR LIABILITIES (40,177 ) (19,253 )
NET ASSETS 380,047 257,966

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 379,947 257,866
SHAREHOLDERS' FUNDS 380,047 257,966

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Charleston Bespoke Homes Ltd (Registered number: 05870063)

Abridged Statement of Financial Position - continued
31 July 2024


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 9 April 2025 and were signed on its behalf by:





Mr G M Adlem - Director


Charleston Bespoke Homes Ltd (Registered number: 05870063)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Charleston Bespoke Homes Ltd 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.

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

Sales are recognised as set milestones on each project have been reached.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Charleston Bespoke Homes Ltd (Registered number: 05870063)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial in such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Impairment of assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

Charleston Bespoke Homes Ltd (Registered number: 05870063)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023 412,715
Additions 95,494
Disposals (96,953 )
Transfer to ownership (57,482 )
Reclassification/transfer 24,732
At 31 July 2024 378,506
DEPRECIATION
At 1 August 2023 147,957
Charge for year 47,826
Transfer to ownership (32,750 )
At 31 July 2024 163,033
NET BOOK VALUE
At 31 July 2024 215,473
At 31 July 2023 264,758

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 August 2023 114,050
Additions 59,500
Reclassification/transfer 24,732
At 31 July 2024 198,282
DEPRECIATION
At 1 August 2023 4,250
Charge for year 33,534
Reclassification/transfer 23,439
At 31 July 2024 61,223
NET BOOK VALUE
At 31 July 2024 137,059
At 31 July 2023 109,800

Charleston Bespoke Homes Ltd (Registered number: 05870063)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 14,500 9,400

Amounts falling due between two and five years:
Bank loans - 2-5 years 109,354 14,826

6. OTHER FINANCIAL COMMITMENTS

At the balance sheet date, the company had bank loan commitments of £nil (2023 - £9621). The company also had bank loan commitments in respect of a government bounce back loan of £9,639 (2023 - 14604) and other business loans totalling £114,215 (2023 - £nil) at the financial year end.

The company also had hire purchase commitments totalling £120,540 (2023 - £113,386) and credit card commitments totalling £16,601 (2023 - £20,423) at the financial year end.

There were no other financial commitments, contingencies or guarantees made on behalf of the directors at the balance sheet date.