REGISTERED NUMBER: 04939908 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

CHARLES PITON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W H P Charles

Mrs R C H Charles

REGISTERED OFFICE:

100 Church Street

Brighton

East Sussex

BN1 1UJ

REGISTERED NUMBER:

04939908 (England and Wales)

ACCOUNTANTS:

Paddenburg & Co Limited

100 Church Street

Brighton

East Sussex

BN1 1UJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

158,183

108,940

158,183

108,940

CURRENT ASSETS

Stocks

6

4,000

4,000

Debtors

7

498,488

615,769

Cash at bank and in hand

603,657

532,008

1,106,145

1,151,777

CREDITORS

Amounts falling due within one year

8

529,353

466,057

NET CURRENT ASSETS

576,792

685,720

TOTAL ASSETS LESS CURRENT LIABILITIES

734,975

794,660

CREDITORS

Amounts falling due after more than one year

9

(54,626

)

(113,794

)

PROVISIONS FOR LIABILITIES

10

(31,146

)

(25,667

)

NET ASSETS

649,203

655,199

CAPITAL AND RESERVES

Called up share capital

12

12

Retained earnings

649,191

655,187

SHAREHOLDERS' FUNDS

649,203

655,199

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.

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 9 September 2025 and were signed on its behalf by:

W H P Charles - Director

1.	STATUTORY INFORMATION

Charles Piton 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 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.

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied, exclusive of value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

in accordance with the property

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Stocks

Stocks 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 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

156,700

AMORTISATION

At 1 January 2024

and 31 December 2024

156,700

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

13,240

151,809

-

Additions

-

27,320

23,254

At 31 December 2024

13,240

179,129

23,254

DEPRECIATION

At 1 January 2024

12,600

91,369

-

Charge for year

128

18,313

500

At 31 December 2024

12,728

109,682

500

NET BOOK VALUE

At 31 December 2024

512

69,447

22,754

At 31 December 2023

640

60,440

-

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

67,325

3,577

235,951

Additions

35,162

700

86,436

At 31 December 2024

102,487

4,277

322,387

DEPRECIATION

At 1 January 2024

22,680

362

127,011

Charge for year

17,288

964

37,193

At 31 December 2024

39,968

1,326

164,204

NET BOOK VALUE

At 31 December 2024

62,519

2,951

158,183

At 31 December 2023

44,645

3,215

108,940

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

47,215

53,340

100,555

DEPRECIATION

At 1 January 2024

18,485

13,305

31,790

Charge for year

7,184

10,009

17,193

At 31 December 2024

25,669

23,314

48,983

NET BOOK VALUE

At 31 December 2024

21,546

30,026

51,572

At 31 December 2023

28,730

40,035

68,765

6.

STOCKS

2024

2023

£

£

Stocks

4,000

4,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

163,553

273,158

Other debtors

101,594

147,752

Charles Piton (London & Kent) Ltd

101,016

166,322

Jaco Property Ltd

130,771

27,111

Prepayments

1,554

1,426

498,488

615,769

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

40,000

40,000

Finance leases

19,168

19,168

Trade creditors

61,837

108,686

Tax

79,621

99,603

Social security and other taxes

8,199

13,282

VAT

73,152

85,067

Other creditors

1,748

27,986

Carter Revivals Ltd

6,245

6,245

Directors' loan accounts

30,706

32,708

Accrued expenses

208,677

33,312

529,353

466,057

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

20,000

40,000

Bank loans - 2-5 years

-

20,000

Finance leases

34,626

53,794

54,626

113,794

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred taxation

31,146

25,667

Deferred

tax

£

Balance at 1 January 2024

25,667

Accelerated capital allowances

5,479

Balance at 31 December 2024

31,146

11.	RELATED PARTY DISCLOSURES

The inter-company loan balances with Charles Piton (London & Kent) Ltd, Jaco Property Ltd and Carter Revivals Ltd are unsecured, interest-free and repayable on demand.

The company purchased services from Carter Revivals Ltd totalling £240,539 (2023: £349,242).

All above mentioned companies are under the control of the same parties and traded on normal commercial terms.

The company also paid rent to Mr W H P Charles and Mrs R C H Charles totalling £20,000 for the year (2023 : £20,000).

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is W H P Charles.