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Registration number: 05870063

Charleston Bespoke Homes Ltd
Unaudited Filleted Abridged Financial Statements
for the Year Ended 31 July 2025

Charleston Bespoke Homes Ltd

Contents

Company Information | 1
Abridged Balance Sheet | 2 to 3
Notes to the Unaudited Abridged Financial Statements | 4 to 10

Charleston Bespoke Homes Ltd

Company Information

Directors | Mr G M Adlem C Adlem S Curtis

Company secretary | Mrs C J Cross

Registered office | Unit 5 Brickfields Business Park Gillingham Dorset SP8 4PX

Accountants | Ward Goodman Accountancy Services Ltd Chartered Certified Accountants4 Cedar Park Cobham Road Ferndown Industrial Estate Wimborne Dorset BH21 7SF

Charleston Bespoke Homes Ltd

(Registration number: 05870063)
Abridged Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 417,681 | 215,473
Current assets |  |  |
Stocks |  | 1,510,607 | 675,075
Debtors |  | 264,899 | 255,296
Investments |  | 200 | 200
Cash at bank and in hand |  | 106,093 | 10,113
|  | 1,881,799 | 940,684
Prepayments and accrued income |  | 7,905 | 7,179
Creditors: Amounts falling due within one year |  | (1,645,317) | (557,254)
Net current assets |  | 244,387 | 390,609
Total assets less current liabilities |  | 662,068 | 606,082
Creditors: Amounts falling due after more than one year |  | (152,366) | (185,858)
Provisions for liabilities |  | (55,168) | (40,177)
Net assets |  | 454,534 | 380,047
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 454,434 | 379,947
Shareholders' funds |  | 454,534 | 380,047

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 October 2025 and signed on its behalf by:

Charleston Bespoke Homes Ltd

(Registration number: 05870063)
Abridged Balance Sheet as at 31 July 2025

......................................... Mr G M Adlem Director

Charleston Bespoke Homes Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 5 Brickfields Business Park
Gillingham
Dorset
SP8 4PX
England

These financial statements were authorised for issue by the Board on 14 October 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Charleston Bespoke Homes Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 25% on reducing balance
Fixtures and fittings | 25% on reducing balance
Motor vehicles | 25% on reducing balance
Computer equipment | 33% on reducing balance

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Charleston Bespoke Homes Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Charleston Bespoke Homes Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2024 - 6).

Charleston Bespoke Homes Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2025

4 | Tangible assets

| Land and buildings £ | Fixtures and fittings £ | Plant and machinery £ | Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 August 2024 | 12,401 | 2,401 | 205,747 | 5,395 | 152,562 | 378,506
Additions | 156,546 | - | 66,768 | 750 | 62,462 | 286,526
Disposals | - | - | - | - | (25,941) | (25,941)
At 31 July 2025 | 168,947 | 2,401 | 272,515 | 6,145 | 189,083 | 639,091
Depreciation
At 1 August 2024 | - | 756 | 78,428 | 3,765 | 80,084 | 163,033
Charge for the year | - | 411 | 44,827 | 600 | 32,944 | 78,782
Eliminated on disposal | - | - | - | - | (20,405) | (20,405)
At 31 July 2025 | - | 1,167 | 123,255 | 4,365 | 92,623 | 221,410
Carrying amount
At 31 July 2025 | 168,947 | 1,234 | 149,260 | 1,780 | 96,460 | 417,681
At 31 July 2024 | 12,401 | 1,645 | 127,319 | 1,630 | 72,478 | 215,473

Plant and machinery under hire purchase contracts at the financial year end had net carrying values totalling £62,225 (2024 - £82,967).
Motor vehicles under hire purchase contracts at the financial year end had net carrying values totalling £87,416 (2024 - £54,092).

Charleston Bespoke Homes Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2025

5 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

There were no other financial commitments, contingencies or guarantees made on behalf of the directors at the balance sheet date.

Amounts disclosed in the balance sheet

At the balance sheet date, the company had business loan commitments totalling £106,900 (2024 - £114,483) and bank loan commitments in respect of a government bounce back loan of £4,583 (2024 - £9,371).
The company also had hire purchase commitments totalling £100,244 (2024 - £120,540 and credit card commitments totalling £8,221 (2024 - £16,601) at the financial year end.
The company operates a money purchase pension scheme for benefit of the directors and employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the
balance sheet date, unpaid contributions of £nil (2024 - £3,294) were due to the fund. These are included within creditors.

Charleston Bespoke Homes Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2025

6 | Related party transactions

Summary of transactions with other related parties

Charleston Bespoke Homes Ltd provided loan advances of £23,814 (2024 - £5,350) to Mill Farm Developments Misterton Ltd (Company No 14306004) and received loan repayments of £25,300 (2024 - £nil) during the financial year. At the financial year end, loans of £5,750 (2024 - £7,237) were due to the company. The loan is unsecured, interest free and repayable on demand. Mill Farm Developments Misterton Ltd is a company in which Charleston Bespoke Homes Ltd holds a beneficial interest and a company in which G Adlem is also a director.
Charleston Bespoke Homes Ltd provided loan advances of £167,500 (2024 - £100) to Folly Farm Estates Ltd (Company No 14942802) and received loan repayments of £nil (2024 - £nil) during the financial year. At the financial year end, loans of £167,600 (2024 - £100) were due to the company. The loan is unsecured, interest free and repayable on demand. Folly Farm Estates Ltd is a company in which Charleston Bespoke Homes Ltd holds a beneficial interest and a company in which G Adlem is also a director.
Charleston Bespoke Homes Ltd provided loan advances of £150,000 (2024 - £195,000) to Stonevale Homes Limited (11659522) and received loan repayments/advances of £510,000 (2024 - £85,000) during the financial year. At the financial year end, loans of £263,000 were owed (£2024 - £97,000 owed to) from the company. The loan is unsecured, interest free and repayable on demand. Stonevale Homes Limited is a company in which
Charleston Bespoke Homes Ltd holds a beneficial interest and a company in which G Adlem is also a director. Charleston Bespoke Homes Ltd received loan advances of £nil (2024 - £25,000) to T Adlem and made loan repayments of £2,000 (2024 - £8,000) during the financial year. At the financial year end, loans of £15,000 were owed from the company. The loan is unsecured, interest free and repayable on demand. T Adlem is a close family member of the director, G Adlem.