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REGISTERED NUMBER: 10461532 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Charltons Property Ltd

Charltons Property Ltd (Registered number: 10461532)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Charltons Property Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTORS: P J Charlton
D G Charlton
A D Charlton





REGISTERED OFFICE: Sawmills
Buckland Down
Frome
Somerset
BA11 2RH





REGISTERED NUMBER: 10461532 (England and Wales)

Charltons Property Ltd (Registered number: 10461532)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,640,000 2,660,000

CURRENT ASSETS
Debtors 5 37,967 29,285
Cash at bank 126,558 121,411
164,525 150,696
CREDITORS
Amounts falling due within one year 6 165,685 140,257
NET CURRENT (LIABILITIES)/ASSETS (1,160 ) 10,439
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,638,840

2,670,439

CREDITORS
Amounts falling due after more than one
year

7

(1,618,869

)

(1,676,297

)

PROVISIONS FOR LIABILITIES (187,640 ) (192,640 )
NET ASSETS 832,331 801,502

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Other reserves 570,627 585,627
Retained earnings 258,704 212,875
SHAREHOLDERS' FUNDS 832,331 801,502

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by:





P J Charlton - Director


Charltons Property Ltd (Registered number: 10461532)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Charltons Property Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover comprises of rental income receivable and is recognised in accordance with the terms of the tenants' lease agreements.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

Charltons Property Ltd (Registered number: 10461532)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023 2,660,000
Revaluations (20,000 )
At 30 November 2024 2,640,000
NET BOOK VALUE
At 30 November 2024 2,640,000
At 30 November 2023 2,660,000

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2018 810,561
Valuation in 2021 (40,000 )
Valuation in 2024 (20,000 )
Cost 1,889,439
2,640,000

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

2024 2023
£    £   
Cost 1,889,439 1,889,439

Freehold investment property was valued on an open market basis basis on 29 October 2024 by Fisher German LLP .

In the opinion of the directors the above valuation remains appropriate as at the balance sheet date.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,423 9,386
Other debtors 29,544 19,899
37,967 29,285

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 58,311 55,790
Trade creditors 71 12,686
Tax 15,379 10,461
Social security and other taxes 1,182 2,634
VAT 2,670 1,542
Other creditors 18,988 22,122
Directors' current accounts 21,545 22,203
Accruals and deferred income 47,539 12,819
165,685 140,257

Charltons Property Ltd (Registered number: 10461532)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 53,740 55,790
Bank loans - 2-5 years 145,632 143,747
Bank loans more 5 yr by instal 1,419,497 1,476,760
1,618,869 1,676,297

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,419,497 1,476,760

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,677,180 1,732,087

Bank borrowings are secured by a fixed and floating charge over the assets and undertaking of the company.

9. RELATED PARTY DISCLOSURES

The company's directors have made loans of £21,545 (2023: £22,203) to the company. The loans do not bear an interest charge and are repayable on demand.

At the balance sheet date, £988 (2023: £nil) was due from the company to a company under common control. The loan is interest free, unsecured and repayable on demand.