REGISTERED NUMBER: 05449907 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Charlie Brown 2 Limited

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

C J Moorhead

L T Moorhead

SECRETARY:

C J Moorhead

REGISTERED OFFICE:

19 Woodmansterne Street

Banstead

Surrey

SM7 3NN

REGISTERED NUMBER:

05449907 (England and Wales)

ACCOUNTANTS:

Ascendant Partners Limited

Second Floor

Curzon House

24 High Street

Banstead

Surrey

SM7 2LJ

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Charlie Brown 2 Limited for the year ended 31 March 2025 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Charlie Brown 2 Limited, as a body, in accordance with the terms of our engagement letter dated 3 April 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Charlie Brown 2 Limited and state those matters that we have agreed to state to the Board of Directors of Charlie Brown 2 Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Charlie Brown 2 Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Charlie Brown 2 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Charlie Brown 2 Limited. You consider that Charlie Brown 2 Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Charlie Brown 2 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ascendant Partners Limited

Second Floor

Curzon House

24 High Street

Banstead

Surrey

SM7 2LJ

5 August 2025

FIXED ASSETS

Property, plant and equipment

4

1,469

2,838

1,469

2,838

CURRENT ASSETS

Inventories

5,429

4,502

Debtors

5

16,646

36,498

Cash at bank and in hand

59,758

65,476

81,833

106,476

CREDITORS

Amounts falling due within one year

6

44,305

43,268

NET CURRENT ASSETS

37,528

63,208

TOTAL ASSETS LESS CURRENT LIABILITIES

38,997

66,046

PROVISIONS FOR LIABILITIES

8

268

528

NET ASSETS

38,729

65,518

CAPITAL AND RESERVES

Called up share capital

40

40

Retained earnings

38,689

65,478

SHAREHOLDERS' FUNDS

38,729

65,518

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 5 August 2025 and were signed on its behalf by:

C J Moorhead - Director

1.	STATUTORY INFORMATION

Charlie Brown 2 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.

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.

Going concern

The preparation of the financial statements requires the directors to make an assessment of the entity's ability to continue as a going concern. The directors have reviewed this and consider it appropriate to prepare the financial statements on a going concern basis.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Short leasehold

-

over the period of the lease

Fixtures and fittings

-

25% per annum on cost

Inventories

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 11 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Short

and

leasehold

fittings

Totals

£

£

£

COST

At 1 April 2024

62,299

82,624

144,923

Additions

-

402

402

At 31 March 2025

62,299

83,026

145,325

DEPRECIATION

At 1 April 2024

62,240

79,845

142,085

Charge for year

-

1,771

1,771

At 31 March 2025

62,240

81,616

143,856

NET BOOK VALUE

At 31 March 2025

59

1,410

1,469

At 31 March 2024

59

2,779

2,838

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Amounts owed by group undertakings

5,646

3,122

Social security and other taxes

-

19,725

Prepayments

-

2,651

5,646

25,498

Amounts falling due after more than one year:

Other debtors

11,000

11,000

Aggregate amounts

16,646

36,498

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

5,175

13,210

Corporation tax

1,013

2,510

Social security and other taxes

18,464

11,128

Other creditors

5,663

4,252

Accrued expenses

13,990

12,168

44,305

43,268

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

2,316

-

Between one and five years

8,876

-

11,192

-

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

268

528

Deferred

tax

£

Balance at 1 April 2024

528

Credit to Statement of Comprehensive Income during year

(260

)

Balance at 31 March 2025

268

9.	ULTIMATE CONTROLLING PARTY

The company is a wholly-owned subsidiary of Charlie Brown Holdings Limited, which is controlled by the directors C Moorhead and L Moorhead.