REGISTERED NUMBER: 04560714 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CHARLES STUART PROPERTIES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S B Quinn

SECRETARY:

S B Quinn

REGISTERED OFFICE:

Booth Street Chambers

Ashton under Lyne

Lancashire

OL6 7LQ

REGISTERED NUMBER:

04560714 (England and Wales)

ACCOUNTANTS:

Moss & Williamson Limited

Chartered Accountants

Booth Street Chambers

Ashton-under-Lyne

Lancashire

OL6 7LQ

BANKERS:

National Westminster Bank plc

5th Floor

1 Spinningfields Square

Deansgate

Manchester

M3 3AP

FIXED ASSETS

Tangible assets

4

1,974,977

1,980,517

CURRENT ASSETS

Debtors

75,962

75,314

Cash at bank and in hand

43,589

52,178

119,551

127,492

CREDITORS

Amounts falling due within one year

164,766

167,403

NET CURRENT LIABILITIES

(45,215

)

(39,911

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,929,762

1,940,606

CREDITORS

Amounts falling due after more than one year

5

(962,563

)

(1,017,285

)

PROVISIONS FOR LIABILITIES

(42,455

)

(42,778

)

NET ASSETS

924,744

880,543

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

924,743

880,542

SHAREHOLDERS' FUNDS

924,744

880,543

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 September 2025 and were signed by:

S B Quinn - Director

1.	STATUTORY INFORMATION

Charles Stuart Properties 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.

Turnover

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

Tangible fixed assets

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

Land and buildings

-

not provided

Plant and machinery etc

-

20% on reducing balance and 10% on reducing balance

Investment properties are included in the balance sheet at their open market value and the aggregate surplus/deficit transferred to the revaluation reserve. In accordance with Standard Accounting Practice, the investment properties are not depreciated.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

2,099,334

DEPRECIATION

At 1 January 2024

118,817

Charge for year

5,540

At 31 December 2024

124,357

NET BOOK VALUE

At 31 December 2024

1,974,977

At 31 December 2023

1,980,517

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2024

2023

£

£

Repayable by instalments

Bank loan

687,060

741,293

6.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

1,020,306

1,077,260

7.	RELATED PARTY DISCLOSURES

The transactions all took place on normal commercial terms.

The bank holds a cross guarantee in favour of Global Remould Services Limited, Global Casing Logistics Limited and Quinton Tyres Limited, all companies controlled by Mr S B Quinn. At the balance sheet date the potential liability was £897,530 (2023 - £1,166,272).