Company registration number 14925254 (England and Wales)
11 CHARLES ROAD LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024
11 CHARLES ROAD LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
11 CHARLES ROAD LIMITED
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
2024
Notes
£
£
Fixed assets
Tangible assets
3
20,000
Current assets
Debtors
4
1,314
Cash at bank and in hand
3,314
4,628
Creditors: amounts falling due within one year
5
(4,608)
Net current assets
20
Net assets
20,020
Capital and reserves
Called up share capital
40
Share premium account
19,980
Total equity
20,020

For the financial period ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 4 April 2025 and are signed on its behalf by:
Mr AW Penhale
Director
Company registration number 14925254 (England and Wales)
11 CHARLES ROAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information

11 Charles Road Limited is a private company limited by shares incorporated in England and Wales. The registered office is 11 Charles Road, St Leonards-On-Sea, East Sussex, TN38 0QA.

1.1
Reporting period

These financial statements cover the period from 9 June 2023 to 30 June 2024 which is 12 months. This is the company’s first reporting period, and therefore, no comparative figures are presented.

 

Future financial statements will cover a 12-month period ending on 30 June unless otherwise stated.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

11 CHARLES ROAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
Number
Total
4
3
Tangible fixed assets
Land and buildings
£
Cost
At 9 June 2023
-
0
Additions
20,000
At 30 June 2024
20,000
Depreciation and impairment
At 9 June 2023 and 30 June 2024
-
0
Carrying amount
At 30 June 2024
20,000

On 4 August 2023, the company acquired a freehold interest in 11 Charles Road, TN38 0QA, for £20,000.

4
Debtors
2024
Amounts falling due within one year:
£
Other debtors
1,314
5
Creditors: amounts falling due within one year
2024
£
Other creditors
4,608
2024-06-302023-06-09falsefalsefalse04 April 2025CCH SoftwareCCH Accounts Production 2024.310Property management

Mr A W PenhaleMs R A SandersonMs S A M AdcockMr S L Kerr
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