IRIS Accounts Production v25.1.0.734 02108027 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh021080272023-09-30021080272024-09-30021080272023-10-012024-09-30021080272022-09-30021080272022-10-012023-09-30021080272023-09-3002108027ns15:EnglandWales2023-10-012024-09-3002108027ns14:PoundSterling2023-10-012024-09-3002108027ns10:Director12023-10-012024-09-3002108027ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3002108027ns10:SmallEntities2023-10-012024-09-3002108027ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3002108027ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3002108027ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3002108027ns10:FullAccounts2023-10-012024-09-3002108027ns10:Director22023-10-012024-09-3002108027ns10:Director32023-10-012024-09-3002108027ns10:Director42023-10-012024-09-3002108027ns10:CompanySecretary12023-10-012024-09-3002108027ns10:RegisteredOffice2023-10-012024-09-3002108027ns5:CurrentFinancialInstruments2024-09-3002108027ns5:CurrentFinancialInstruments2023-09-3002108027ns5:Non-currentFinancialInstruments2024-09-3002108027ns5:Non-currentFinancialInstruments2023-09-3002108027ns5:ShareCapital2024-09-3002108027ns5:ShareCapital2023-09-3002108027ns5:RetainedEarningsAccumulatedLosses2024-09-3002108027ns5:RetainedEarningsAccumulatedLosses2023-09-3002108027ns5:FurnitureFittings2023-10-012024-09-3002108027ns5:PlantMachinery2023-09-3002108027ns5:FurnitureFittings2023-09-3002108027ns5:PlantMachinery2023-10-012024-09-3002108027ns5:PlantMachinery2024-09-3002108027ns5:FurnitureFittings2024-09-3002108027ns5:PlantMachinery2023-09-3002108027ns5:FurnitureFittings2023-09-3002108027ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3002108027ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3002108027ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-09-3002108027ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-09-3002108027ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-09-3002108027ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-09-3002108027ns5:Secured2024-09-3002108027ns5:Secured2023-09-30
REGISTERED NUMBER: 02108027 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

Charles Bravo Limited

Charles Bravo Limited (Registered number: 02108027)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Charles Bravo Limited

COMPANY INFORMATION
for the year ended 30 September 2024







Directors: Mrs M I J Bishop
Mrs J A Warner
Mrs S H Pryke
Mr N L N Bishop





Secretary: Mrs J A Warner





Registered office: Ashwell Barn
Ashwell
Halwell
Devon
TQ9 7LB





Registered number: 02108027 (England and Wales)





Accountants: Websters
129 North Hill
Plymouth
Devon
PL4 8JY

Charles Bravo Limited (Registered number: 02108027)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible assets 4 6,813 7,736
Investment property 5 976,405 923,113
983,218 930,849

Current assets
Debtors 6 166,140 163,721
Cash at bank and in hand 70,381 89,446
236,521 253,167
Creditors
Amounts falling due within one year 7 3,766 3,766
Net current assets 232,755 249,401
Total assets less current liabilities 1,215,973 1,180,250

Creditors
Amounts falling due after more than
one year

8

250,530

250,530
Net assets 965,443 929,720

Capital and reserves
Called up share capital 1,005 1,005
Retained earnings 964,438 928,715
Shareholders' funds 965,443 929,720

Charles Bravo Limited (Registered number: 02108027)

BALANCE SHEET - continued
30 September 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2025 and were signed on its behalf by:





Mrs M I J Bishop - Director


Charles Bravo Limited (Registered number: 02108027)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Charles Bravo 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.

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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss for the period.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Charles Bravo Limited (Registered number: 02108027)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
Cost
At 1 October 2023 4,111 66,111 70,222
Additions - 504 504
At 30 September 2024 4,111 66,615 70,726
Depreciation
At 1 October 2023 274 62,212 62,486
Charge for year 767 660 1,427
At 30 September 2024 1,041 62,872 63,913
Net book value
At 30 September 2024 3,070 3,743 6,813
At 30 September 2023 3,837 3,899 7,736

Charles Bravo Limited (Registered number: 02108027)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 October 2023 923,113
Revaluations 53,292
At 30 September 2024 976,405
Net book value
At 30 September 2024 976,405
At 30 September 2023 923,113

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2020 900,000
Valuation in 2021 10,070
Valuation in 2022 2,638
Valuation in 2023 10,405
Valuation in 2024 53,292
976,405

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 923,113 923,113

Investment property was valued on an open market basis on 30 September 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 165,409 163,721
Director's current account 731 -
166,140 163,721

Charles Bravo Limited (Registered number: 02108027)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Director's current account 1,726 1,726
Accrued expenses 2,040 2,040
3,766 3,766

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 153,000 153,000
Other loans - 2-5 years 97,530 97,530
250,530 250,530

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 153,000 153,000

The loans relate to mortgages held over Ashwell Barn.

10. RELATED PARTY DISCLOSURES

At the balance sheet date, the following amounts were owed to/(from) related parties : -

Name Relationship Amount
N Bishop Director £1,726
Mrs M Bishop Director (£731 )

At the balance sheet date C Bishop (company shareholder) held investments worth £103,409 as trustee for the company.

11. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by Mrs S H F Pryke and Mr N L N Bishop.