Charterglobe Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Charterglobe Ltd

Company Information

Director

Miss Lucy Del Pattinson

Registered office

Lion House 400 Durham Road Birtley Co Durham DH3 1LS

Accountants

Chuhan and Singh Partnership Limited Chartered Accountants81 Borough Road Middlesbrough TS1 3AA

Charterglobe Ltd

(Registration number: 07035581)
Balance Sheet as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	899	-
Investment property	5	2,741,417	2,741,417
		2,742,316	2,741,417
Current assets
Debtors	6	24,248	23,674
Cash at bank and in hand		19,633	8,933
		43,881	32,607
Creditors: Amounts falling due within one year	7	(1,447,923)	(1,404,878)
Net current liabilities		(1,404,042)	(1,372,271)
Total assets less current liabilities		1,338,274	1,369,146
Creditors: Amounts falling due after more than one year	7	(839,832)	(905,397)
Provisions for liabilities		(171)	-
Net assets		498,271	463,749
Capital and reserves
Called up share capital		100	100
Retained earnings		498,171	463,649
Shareholders' funds		498,271	463,749

Charterglobe Ltd

(Registration number: 07035581)
Balance Sheet as at 31 January 2025 (continued)

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

Director's responsibilities:

•	The member has not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 14 October 2025
 

......................................... Miss Lucy Del Pattinson Director

Charterglobe Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 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:
Lion House
400 Durham Road
Birtley
Co Durham
DH3 1LS

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

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland'.

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

Revenue recognition

Turnover represents rental income. Rental income is recognised on an accruals basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Charterglobe Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

2	Accounting policies (continued)

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
Fixtures and fittings	20% straight line
Computer equipment	50% straight line

Investment properties

Investment properties are shown at cost. The director does not believe that the market value is materially different to the value shown in the accounts.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Charterglobe Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

4	Tangible assets

	Office equipment £	Total £
Cost or valuation
Additions	1,199	1,199
At 31 January 2025	1,199	1,199
Depreciation
Charge for the year	300	300
At 31 January 2025	300	300
Carrying amount
At 31 January 2025	899	899

5	Investment properties

	2025 £
At 1 February 2024	2,741,417
At 31 January 2025	2,741,417

Investment properties are shown at cost. The director does not believe that the market value is materially different to the value shown in the accounts.

Charterglobe Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

6

Debtors

Current	Note	2025 £	2024 £
Trade debtors		5,470	2,503
Amounts owed by related parties	8	10,000	10,000
Prepayments		8,778	11,171
		24,248	23,674

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		61,303	61,303
Trade creditors		3,398	3,367
Taxation and social security		7,927	2,899
Accruals and deferred income		9,673	13,272
Other creditors		1,365,622	1,324,037
		1,447,923	1,404,878

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		839,832	905,397

Included within creditors due within one year and due within more than one year is a secured
bank loan of £901,135 (2024: £966,700).

This bank loan is secured by way of a mortgage debenture over the investment properties of the
company.

Charterglobe Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

8	Related party transactions

Included in debtors is £10,000 (2024: £10,000) owed by a company in which the director, or her close family members, have an interest.

Included in creditors due within one year is £1,365,622(2024: £1,289,037) owed to the company director and her close family members.

Also included in creditors due within one year is nil (2024: £35,000) owed to a company in which the director, or her close family members, have an interest.