REGISTERED NUMBER: 12636038 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

CHARLES PITON (LONDON & KENT) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B Foster

Mrs H Foster

W H P Charles

Mrs R C H Charles

Miss O S M Charles

REGISTERED OFFICE:

100 Church Street

Brighton

East Sussex

BN1 1UJ

REGISTERED NUMBER:

12636038 (England and Wales)

ACCOUNTANTS:

Paddenburg & Co Limited

100 Church Street

Brighton

East Sussex

BN1 1UJ

FIXED ASSETS

Intangible assets

4

5,250

14,250

Tangible assets

5

166,197

147,839

171,447

162,089

CURRENT ASSETS

Debtors

6

384,079

368,285

Cash at bank and in hand

232,524

328,626

616,603

696,911

CREDITORS

Amounts falling due within one year

7

593,273

413,884

NET CURRENT ASSETS

23,330

283,027

TOTAL ASSETS LESS CURRENT LIABILITIES

194,777

445,116

CREDITORS

Amounts falling due after more than one year

8

(63,680

)

(68,402

)

PROVISIONS FOR LIABILITIES

9

(41,549

)

(37,061

)

NET ASSETS

89,548

339,653

CAPITAL AND RESERVES

Called up share capital

165

100

Retained earnings

89,383

339,553

SHAREHOLDERS' FUNDS

89,548

339,653

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

B Foster - Director

Mrs H Foster - Director

1.	STATUTORY INFORMATION

Charles Piton (London & Kent) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of five years.

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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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.

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 13 (2023 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

45,000

AMORTISATION

At 1 January 2024

30,750

Amortisation for year

9,000

At 31 December 2024

39,750

NET BOOK VALUE

At 31 December 2024

5,250

At 31 December 2023

14,250

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

120,633

2,100

120,703

1,530

244,966

Additions

28,961

-

40,100

542

69,603

Disposals

(2,017

)

(2,100

)

(7,166

)

-

(11,283

)

At 31 December 2024

147,577

-

153,637

2,072

303,286

DEPRECIATION

At 1 January 2024

52,288

350

44,214

275

97,127

Charge for year

19,798

-

24,428

429

44,655

Eliminated on disposal

(197

)

(350

)

(4,146

)

-

(4,693

)

At 31 December 2024

71,889

-

64,496

704

137,089

NET BOOK VALUE

At 31 December 2024

75,688

-

89,141

1,368

166,197

At 31 December 2023

68,345

1,750

76,489

1,255

147,839

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

40,297

110,203

150,500

Additions

-

40,100

40,100

Disposals

-

(7,166

)

(7,166

)

Transfer to ownership

-

(10,423

)

(10,423

)

At 31 December 2024

40,297

132,714

173,011

DEPRECIATION

At 1 January 2024

16,472

37,619

54,091

Charge for year

5,956

22,353

28,309

Eliminated on disposal

-

(4,146

)

(4,146

)

Transfer to ownership

-

(6,028

)

(6,028

)

At 31 December 2024

22,428

49,798

72,226

NET BOOK VALUE

At 31 December 2024

17,869

82,916

100,785

At 31 December 2023

23,825

72,584

96,409

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

200,384

191,494

Other debtors

181,541

175,365

Directors' loan accounts

600

-

Prepayments

1,554

1,426

384,079

368,285

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

33,155

25,713

Trade creditors

104,854

99,254

Tax

61,936

29,913

Social security and other taxes

12,884

12,863

VAT

44,099

50,986

Charles Piton Limited

101,016

166,322

Other creditors

2,926

2,502

Jaco Property Ltd

140,227

-

Accrued expenses

92,176

26,331

593,273

413,884

The inter-company loans to Charles Piton Limited and Jaco Property Ltd are unsecured, interest-free and repayable on demand.

W H P Charles is the director and controlling shareholder of both companies.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

63,680

68,402

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

41,549

37,061

Deferred

tax

£

Balance at 1 January 2024

37,061

Accelerated capital allowances

4,488

Balance at 31 December 2024

41,549

10.	RELATED PARTY DISCLOSURES

In the year under review, the company purchased services totalling £87,694 (2023: £184,543) from

Carter Revivals Limited.

The company also declared dividends totalling £370,130 (2023: £nil), attributable to Jaco Property Limited.

Both companies are under the control of W H P Charles and transactions occurred on normal commercial terms.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is W H P Charles.