Company No: 08610718 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	31,031		37,884
		31,031		37,884
Current assets
Debtors	4	182,005		121,769
Cash at bank and in hand		14,754		39,717
		196,759		161,486
Creditors: amounts falling due within one year	5	( 68,864)		( 66,751)
Net current assets		127,895		94,735
Total assets less current liabilities		158,926		132,619
Creditors: amounts falling due after more than one year	6	( 5,834)		( 20,266)
Provision for liabilities		( 7,758)		( 9,471)
Net assets		145,334		102,882
Capital and reserves
Called-up share capital	7	2		2
Profit and loss account		145,332		102,880
Total shareholder's funds		145,334		102,882

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Charles Darrow Ltd (registered number: 08610718) were approved and authorised for issue by the Board of Directors on 30 September 2025. They were signed on its behalf by:

Mr P A Heather Director

Mr J C Clyne Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Charles Darrow Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 12 St. Pauls Road, Newton Abbot, TQ12 2HP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line/reducing balance basis over its expected useful life, as follows:

Vehicles	20 % reducing balance
Office equipment	20 % reducing balance
Computer equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		5

3. Tangible assets

	Vehicles		Office equipment		Computer equipment		Total
	£		£		£		£
Cost
At 01 January 2024	73,329		18,913		12,018		104,260
Additions	0		944		0		944
At 31 December 2024	73,329		19,857		12,018		105,204
Accumulated depreciation
At 01 January 2024	44,365		10,213		11,798		66,376
Charge for the financial year	5,793		1,853		151		7,797
At 31 December 2024	50,158		12,066		11,949		74,173
Net book value
At 31 December 2024	23,171		7,791		69		31,031
At 31 December 2023	28,964		8,700		220		37,884

4. Debtors

	2024		2023
	£		£
Trade debtors	19,191		3,852
Amounts owed by directors	70,815		16,202
Other debtors	91,999		101,715
	182,005		121,769

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans	10,000		10,000
Accruals	3,475		2,750
Taxation and social security	50,702		44,853
Obligations under finance leases and hire purchase contracts	4,433		9,148
Other creditors	254		0
	68,864		66,751

Obligations under finance leases and hire purchase contracts are secured against the assets to which they relate.

6. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans	5,834		15,833
Obligations under finance leases and hire purchase contracts	0		4,433
	5,834		20,266

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each	2		2

8. Financial commitments

Other financial commitments

	2024		2023
	£		£
Operating leases - Not later than one year	12,905		16,541
Operating leases - Later than one year and not later than five years	1,051		13,956
	13,956		30,497

9. Related party transactions

Transactions with the entity's directors

	2024		2023
	£		£
As at 1 January	16,202		(50,243)
Amounts repaid	(47,950)		(97,963)
Advances to directors	102,562		164,408
As at 31 December	70,814		16,202

The company operates loan accounts with its directors. There is no fixed date of repayment and the loan bears interest at the rate stipulated by HM Revenue & Customs on any balance exceeding £10,000.

10. Ultimate controlling party

Parent Company:

Charles Darrow Holdings Limited

12 St. Pauls Road Newton Abbot Devon TQ12 2HP

Details of the entity's accounts can be found at Companies House