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REGISTERED NUMBER: 00776525 (England and Wales)









CHARLES WINTER (PORTSMOUTH) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






CHARLES WINTER (PORTSMOUTH) LIMITED (REGISTERED NUMBER: 00776525)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHARLES WINTER (PORTSMOUTH) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: E T Coleborn
B R Thomas





REGISTERED OFFICE: 88 Kingston Road
Portsmouth
Hampshire
PO2 7PA





REGISTERED NUMBER: 00776525 (England and Wales)





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
Havant
Hampshire
PO9 1QU

CHARLES WINTER (PORTSMOUTH) LIMITED (REGISTERED NUMBER: 00776525)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 111,786 92,938
Investment property 5 1,060,000 1,060,000
1,171,786 1,152,938

CURRENT ASSETS
Stocks 9,700 9,700
Debtors 6 344,452 41,599
Cash at bank and in hand 55,051 342,288
409,203 393,587
CREDITORS
Amounts falling due within one year 7 89,640 56,030
NET CURRENT ASSETS 319,563 337,557
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,491,349

1,490,495

PROVISIONS FOR LIABILITIES 158,308 159,565
NET ASSETS 1,333,041 1,330,930

CAPITAL AND RESERVES
Called up share capital 8 1,250 1,250
Revaluation reserve 507,413 508,883
Capital redemption reserve 750 750
Retained earnings 823,628 820,047
SHAREHOLDERS' FUNDS 1,333,041 1,330,930

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

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

CHARLES WINTER (PORTSMOUTH) LIMITED (REGISTERED NUMBER: 00776525)

BALANCE SHEET - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2025 and were signed on its behalf by:





E T Coleborn - Director


CHARLES WINTER (PORTSMOUTH) LIMITED (REGISTERED NUMBER: 00776525)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Charles Winter (Portsmouth) 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents sales of goods in the year, 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.
Freehold land - nil
Freehold buildings - 2% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

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

Financial instruments
Debtors and cash at bank: Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand includes cash on deposit or in a current account.

Creditors and provisions: Creditors and provisions are recognised where there is a present obligation resulting from a past event that will probably result in the transfer of economic benefits to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

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 balance sheet date.


CHARLES WINTER (PORTSMOUTH) LIMITED (REGISTERED NUMBER: 00776525)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences at the balance sheet date, except as otherwise required in the paragraphs below.

Unrelieved 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.

Deferred tax shall not be recognised on permanent differences, other than a business combination where assets (other than goodwill) give rise to an deferred tax asset or liability.

Investment properties
These represent properties held by the company for their investment potential. They are included in the balance sheet at market value as determined by the directors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold Freehold Plant and
land buildings machinery
£    £    £   
COST OR VALUATION
At 1 January 2024 51,200 76,800 1,058
Additions - - 656
At 31 December 2024 51,200 76,800 1,714
DEPRECIATION
At 1 January 2024 - 36,864 605
Charge for year - 1,536 343
At 31 December 2024 - 38,400 948
NET BOOK VALUE
At 31 December 2024 51,200 38,400 766
At 31 December 2023 51,200 39,936 453

CHARLES WINTER (PORTSMOUTH) LIMITED (REGISTERED NUMBER: 00776525)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST OR VALUATION
At 1 January 2024 9,225 4,025 142,308
Additions - 27,038 27,694
At 31 December 2024 9,225 31,063 170,002
DEPRECIATION
At 1 January 2024 7,930 3,971 49,370
Charge for year 194 6,773 8,846
At 31 December 2024 8,124 10,744 58,216
NET BOOK VALUE
At 31 December 2024 1,101 20,319 111,786
At 31 December 2023 1,295 54 92,938

Freehold land and buildings are included at their 2006 valuations.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 1,060,000
NET BOOK VALUE
At 31 December 2024 1,060,000
At 31 December 2023 1,060,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2006 321,194
Valuation in 2019 90,000
Valuation in 2022 400,000
Cost 248,806
1,060,000

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

2024 2023
£    £   
Cost 248,806 248,806

Investment property was valued on an open market basis on 31 December 2024 by the directors .

CHARLES WINTER (PORTSMOUTH) LIMITED (REGISTERED NUMBER: 00776525)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,354 18,944
Other debtors 340,098 22,655
344,452 41,599

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 18,002 13,613
Taxation and social security 69,800 16,673
Other creditors 1,838 25,744
89,640 56,030

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,250 Ordinary £1 1,250 1,250

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
E T Coleborn
Balance outstanding at start of year - 55,379
Amounts advanced 311,446 485,488
Amounts repaid (60,897 ) (540,867 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 250,549 -