REGISTERED NUMBER: 09413768 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Charter Court (New Malden) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

W M Morris

REGISTERED OFFICE:

Unit 5, Woodcote Mews Chequers Lane

Walton On The Hill

Tadworth

Surrey

KT20 7ST

REGISTERED NUMBER:

09413768 (England and Wales)

FIXED ASSETS

Investment property

4

14,538,286

15,712,654

CURRENT ASSETS

Work in progress

354,639

383,062

Debtors

5

7,770,625

4,835,697

Cash at bank

40,253

89,025

8,165,517

5,307,784

CREDITORS

Amounts falling due within one year

6

12,559,686

12,627,566

NET CURRENT LIABILITIES

(4,394,169

)

(7,319,782

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,144,117

8,392,872

CREDITORS

Amounts falling due after more than one year

7

11,182,458

8,136,044

NET (LIABILITIES)/ASSETS

(1,038,341

)

256,828

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

(1,038,441

)

256,728

SHAREHOLDERS' FUNDS

(1,038,341

)

256,828

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 director acknowledges his 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 director and authorised for issue on 23 September 2025 and were signed by:

W M Morris - Director

1.	STATUTORY INFORMATION

Charter Court (New Malden) 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 as modified by the revaluation of certain assets.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors , including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover represents rents and management fees receivable during the year.

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.

Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work in progress to their present location and condition.

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 statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

15,712,654

Additions

11,286

Revaluations

(1,185,654

)

At 31 December 2024

14,538,286

NET BOOK VALUE

At 31 December 2024

14,538,286

At 31 December 2023

15,712,654

The investment properties were revalued on fair value basis by Wiliam Morris, a director and shareholder of the company at 31st December 2024 at £14,538,286 (2023 - £15,712,654). The historical cost of these properties was £13,193,283. The valuation is based on yields accepted by major surveying companies and actual rentals received.

Fair value at 31 December 2024 is represented by:

£

Valuation in 2015

(590,000

)

Valuation in 2016

2,000,000

Valuation in 2017

520,000

Valuation in 2018

209,034

Valuation in 2019

612,122

Valuation in 2021

1,213,317

Valuation in 2022

(1,480,304

)

Valuation in 2023

46,488

Valuation in 2024

(1,185,655

)

Cost

13,193,284

14,538,286

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

1,015

14,065

Other debtors

-

22,813

Amounts owed by related

parties

7,684,486

4,713,858

VAT

84,420

84,410

Prepayments

704

551

7,770,625

4,835,697

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Payments on account

-

40,157

Trade creditors

4,680

39,658

Amounts owed to group undertakings

12,074,149

12,121,175

Tax

62,300

58,457

Amounts owed to related

parties

368,486

368,119

Accruals and deferred income

50,071

-

12,559,686

12,627,566

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans - 2-5 years

8,000,000

5,250,000

Deferred tax

3,182,458

2,886,044

11,182,458

8,136,044

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

1.00

100

100

9.

RESERVES

Retained

earnings

£

At 1 January 2024

256,728

Deficit for the year

(1,295,169

)

At 31 December 2024

(1,038,441

)