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REGISTERED NUMBER: 06395940 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Charterpoint Developments Limited

Charterpoint Developments Limited (Registered number: 06395940)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Charterpoint Developments Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: G A Nursey
A P Goose





REGISTERED OFFICE: 7 Wheatcroft Business Park
Landmere Lane
Edwalton
Nottinghamshire
NG12 4DG





REGISTERED NUMBER: 06395940 (England and Wales)

Charterpoint Developments Limited (Registered number: 06395940)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 3 113,867 67,366

CURRENT ASSETS
Stocks 4 589,673 887,561
Debtors 5 1,130,937 1,911,219
Cash at bank and in hand 544,351 540,267
2,264,961 3,339,047
CREDITORS
Amounts falling due within one year 6 2,029,846 3,032,613
NET CURRENT ASSETS 235,115 306,434
TOTAL ASSETS LESS CURRENT
LIABILITIES

348,982

373,800

CREDITORS
Amounts falling due after more than one
year

7

61,250

110,250
NET ASSETS 287,732 263,550

CAPITAL AND RESERVES
Called up share capital 9 250 250
Retained earnings 287,482 263,300
287,732 263,550

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

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

Charterpoint Developments Limited (Registered number: 06395940)

Balance Sheet - continued
31 October 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by:




G A Nursey - Director



A P Goose - Director


Charterpoint Developments Limited (Registered number: 06395940)

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

1. ACCOUNTING POLICIES

Basis of preparation
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.

Preparation of consolidated financial statements
The financial statements contain information about Charterpoint Developments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

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
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
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.

2. EMPLOYEES AND DIRECTORS

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

Charterpoint Developments Limited (Registered number: 06395940)

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

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 207,285
Additions 129,575
Disposals (191,905 )
At 31 October 2024 144,955
DEPRECIATION
At 1 November 2023 139,919
Charge for year 41,935
Eliminated on disposal (150,766 )
At 31 October 2024 31,088
NET BOOK VALUE
At 31 October 2024 113,867
At 31 October 2023 67,366

4. STOCKS
2024 2023
£    £   
Work-in-progress 589,673 887,561

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 760,817 231,730
Other debtors 239,565 -
Tax 18 -
Prepayments and accrued income 120,000 -
Prepayments and accrued income 10,537 1,679,489
1,130,937 1,911,219

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 49,000 49,000
Hire purchase contracts - 25,594
Trade creditors 33,393 66,008
Amounts owed to group undertakings 538,690 1,245,876
Taxation and social security 244,673 96,315
Other creditors 1,164,090 1,549,820
2,029,846 3,032,613

Charterpoint Developments Limited (Registered number: 06395940)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 61,250 110,250

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 110,250 159,250

The bank loan is secured by way of a fixed and floating charge over the assets of the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:
Nominal
value:
2024
£
2023
£
100 A Ordinary £1 100 100
100 B Ordinary £1 100 100
10 V Ordinary non voting £1 10 10
10 W Ordinary non voting £1 10 10
10 X Ordinary non voting £1 10 10
10 Y Ordinary non voting £1 10 10
10 Z Ordinary non voting £1 10 10
250 250

10. ULTIMATE CONTROLLING PARTY

The company's immediate parent company is Charterpoint Group Limited.

The ultimate parent company is Stanford Street No. 1 Limited which is controlled by its principal shareholders, G A Nursey and A P Goose.