Registered number
09642751
Charlie Scot Property Ltd
Filleted Accounts
30 November 2024
Charlie Scot Property Ltd
Registered number: 09642751
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 18,718 18,279
Current assets
Debtors 4 13,377 -
Cash at bank and in hand 13,839 16,949
27,216 16,949
Creditors: amounts falling due within one year 5 (43,415) (33,568)
Net current liabilities (16,199) (16,619)
Net assets 2,519 1,660
Capital and reserves
Called up share capital 10 10
Profit and loss account 2,509 1,650
Shareholders' funds 2,519 1,660
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs Lorraine Carol Morgan
Director
Approved by the board on 30 August 2025
Charlie Scot Property Ltd
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 December 2023 18,279 - 18,279
Additions - 549 549
At 30 November 2024 18,279 549 18,828
Depreciation
Charge for the year - 110 110
At 30 November 2024 - 110 110
Net book value
At 30 November 2024 18,279 439 18,718
At 30 November 2023 18,279 - 18,279
4 Debtors 2024 2023
£ £
Other debtors 13,377 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors (1,653) -
Taxation and social security costs 40,368 27,160
Director's Account - 108
Other creditors 4,700 6,300
43,415 33,568
6 Other information
Charlie Scot Property Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 The Orchard
Flackwell Heath
High Wycombe
Buckinghamshire
HP 10 9 RP
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