Charles Percy Sebastian Limited 10739520 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is Other letting and operating of own or leased real estate Digita Accounts Production Advanced 6.30.9574.0 true true 10739520 2024-04-01 2025-03-31 10739520 2025-03-31 10739520 bus:OrdinaryShareClass1 2025-03-31 10739520 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2025-03-31 10739520 core:CurrentFinancialInstruments 2025-03-31 10739520 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 10739520 core:Non-currentFinancialInstruments 2025-03-31 10739520 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 10739520 core:FurnitureFittingsToolsEquipment 2025-03-31 10739520 core:AllAssociates 2025-03-31 10739520 bus:SmallEntities 2024-04-01 2025-03-31 10739520 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 10739520 bus:FilletedAccounts 2024-04-01 2025-03-31 10739520 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10739520 bus:RegisteredOffice 2024-04-01 2025-03-31 10739520 bus:Director1 2024-04-01 2025-03-31 10739520 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 10739520 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10739520 bus:Agent1 2024-04-01 2025-03-31 10739520 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 10739520 core:AllAssociates 2024-04-01 2025-03-31 10739520 countries:EnglandWales 2024-04-01 2025-03-31 10739520 2024-03-31 10739520 2023-04-01 2024-03-31 10739520 2024-03-31 10739520 bus:OrdinaryShareClass1 2024-03-31 10739520 core:CurrentFinancialInstruments 2024-03-31 10739520 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 10739520 core:Non-currentFinancialInstruments 2024-03-31 10739520 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10739520

Charles Percy Sebastian Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Charles Percy Sebastian Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Charles Percy Sebastian Limited

Company Information

Director

Mr Chin Pang So

Registered office

Lindenmuth House
37 Greenham Business Park
Greenham
Thatcham
Berkshire
RG19 6HW

Accountants

Opus Accounting Limited
Chartered Certified Accountants7-7c Snuff Street
Devizes
Wiltshire
SN10 1DU

 

Charles Percy Sebastian Limited

(Registration number: 10739520)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

545

-

Investment property

5

1,286,000

1,019,000

Other financial assets

6

1,192

-

 

1,287,737

1,019,000

Current assets

 

Debtors

7

66,826

1,359

Cash at bank and in hand

 

9,467

6,437

 

76,293

7,796

Creditors: Amounts falling due within one year

8

(834,450)

(503,976)

Net current liabilities

 

(758,157)

(496,180)

Total assets less current liabilities

 

529,580

522,820

Creditors: Amounts falling due after more than one year

8

(613,623)

(613,623)

Net liabilities

 

(84,043)

(90,803)

Capital and reserves

 

Called up share capital

9

100

100

Retained earnings

(84,143)

(90,903)

Shareholders' deficit

 

(84,043)

(90,803)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 May 2025
 

.........................................
Mr Chin Pang So
Director

 

Charles Percy Sebastian Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Lindenmuth House
37 Greenham Business Park
Greenham
Thatcham
Berkshire
RG19 6HW
England

These financial statements were authorised for issue by the director on 19 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

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 have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Charles Percy Sebastian Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Charles Percy Sebastian Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

727

727

At 31 March 2025

727

727

Depreciation

Charge for the year

182

182

At 31 March 2025

182

182

Carrying amount

At 31 March 2025

545

545

5

Investment properties

2025
£

At 1 April

1,019,000

Additions

238,000

Fair value adjustments

29,000

At 31 March

1,286,000

Investment properties have been values by the director.

There has been no valuation of investment property by an independent valuer.

 

Charles Percy Sebastian Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

6

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

Additions

1,300

1,300

At 31 March 2025

1,300

1,300

Impairment

Adjustments resulting from a disposal

108

108

At 31 March 2025

108

108

Carrying amount

At 31 March 2025

1,192

1,192

7

Debtors

Current

Note

2025
£

2024
£

Amounts owed by related parties

11

45,000

-

Prepayments

 

1,826

1,359

Other debtors

 

20,000

-

   

66,826

1,359

8

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Accruals and deferred income

1,490

1,352

Other creditors

832,960

502,624

834,450

503,976

Creditors: amounts falling due after more than one year

 

Charles Percy Sebastian Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

10

613,623

613,623

9

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

10

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

613,623

613,623

 

Charles Percy Sebastian Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

11

Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

2025
£

2024
£

Remuneration

11,596

9,096

Loans to related parties

2025

Associates
£

Total
£

Advanced

45,000

45,000

At end of period

45,000

45,000