CHARTAHOUSE LTD 31/03/2025 iXBRL

Company registration number: 06534124

CHARTAHOUSE LTD

Unaudited filleted financial statements

31 March 2025

CHARTAHOUSE LTD

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

CHARTAHOUSE LTD

Directors and other information


Directors	K N Hawkins
	N N Hawkins
	P F Hawkins
	D A Hawkins (non executive)	(Resigned 29 October 2024)
	S D Hawkins


Secretary	P F Hawkins


Company number	06534124


Registered office	10 Mannamead Road
	Plymouth
	Devon
	PL4 7AA


Accountants	Franklins Accountants LLP
	2 Alexandra Road
	Mutley Plain
	Plymouth
	Devon
	PL4 7JR

CHARTAHOUSE LTD

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	6	-		-
Tangible assets	7	294,329		301,250
		_______		_______
			294,329		301,250

Current assets
Stocks		117,669		114,581
Debtors	8	82,275		72,564
Cash at bank and in hand		485,374		345,181
		_______		_______
		685,318		532,326
Creditors: amounts falling due
within one year	9	( 212,597)		( 106,429)
		_______		_______
Net current assets			472,721		425,897
			_______		_______
Total assets less current liabilities			767,050		727,147


Provisions for liabilities			( 30,396)		( 30,808)

			_______		_______
Net assets			736,654		696,339
			_______		_______

Capital and reserves
Called up share capital	11		203		203
Revaluation reserve			113,538		113,538
Profit and loss account			622,913		582,598
			_______		_______
Shareholders funds			736,654		696,339
			_______		_______

For the year ending 31 March 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 financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered 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 UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 01 December 2025 , and are signed on behalf of the board by:

P F Hawkins

Director

Company registration number: 06534124

CHARTAHOUSE LTD

Statement of changes in equity

Year ended 31 March 2025

	Called up share capital	Revaluation reserve	Profit and loss account	Total
	£	£	£	£


At 1 April 2023	203	117,601	702,261	820,065

Profit for the year			103,923	103,923
Other comprehensive income for the year:
Tax relating to components of other comprehensive income		( 4,063)	-	( 4,063)
	_______	_______	_______	_______
Total comprehensive income for the year	-	( 4,063)	103,923	99,860

Dividends paid and payable			( 223,586)	( 223,586)
	_______	_______	_______	_______
Total investments by and distributions to owners	-	-	( 223,586)	( 223,586)

	_______	_______	_______	_______
At 31 March 2024 and 1 April 2024	203	113,538	582,598	696,339

Profit for the year			275,802	275,802
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	275,802	275,802

Dividends paid and payable			( 235,487)	( 235,487)
	_______	_______	_______	_______
Total investments by and distributions to owners	-	-	( 235,487)	( 235,487)

	_______	_______	_______	_______
At 31 March 2025	203	113,538	622,913	736,654
	_______	_______	_______	_______

CHARTAHOUSE LTD

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is 10 Mannamead Road, Plymouth, Devon, PL4 7AA.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	10% %	straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are 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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Freehold property	-	2% Straight Line (excluding land)
Fittings fixtures and equipment	-	15% Reducing Balance
Motor vehicles	-	25% Reducing Balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 20 (2024: 16 ).

5. Tax on profit

Major components of tax expense

	2025	2024
	£	£
Current tax:
UK current tax expense	95,370	41,286
	_______	_______

Deferred tax:
Origination and reversal of timing differences	( 411)	7,214
	_______	_______
Tax on profit	94,959	48,500
	_______	_______

Tax recognised as other comprehensive income or equity

The aggregate current and deferred tax relating to items recognised as other comprehensive income or equity for the year was £ - (2024: £ 4,063 ).

6. Intangible assets

		Goodwill
		£
	Cost
	At 1 April 2024 and 31 March 2025	100,000
		_______
	Amortisation
	At 1 April 2024 and 31 March 2025	100,000
		_______
	Carrying amount
	At 31 March 2025	-
		_______
	At 31 March 2024	-
		_______

7. Tangible assets

	Freehold property	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2024	325,000	56,445	9,979	391,424
Additions	-	1,527	-	1,527
	_______	_______	_______	_______
At 31 March 2025	325,000	57,972	9,979	392,951
	_______	_______	_______	_______
Depreciation
At 1 April 2024	45,000	35,511	9,663	90,174
Charge for the year	5,000	3,369	79	8,448
	_______	_______	_______	_______
At 31 March 2025	50,000	38,880	9,742	98,622
	_______	_______	_______	_______
Carrying amount
At 31 March 2025	275,000	19,092	237	294,329
	_______	_______	_______	_______
At 31 March 2024	280,000	20,934	316	301,250
	_______	_______	_______	_______

Freehold land and buildings include land with a value of £75,000 on which no depreciation charge has been made.

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:


	Freehold property	Total
	£	£
At 31 March 2025
Aggregate cost	193,597	193,597
Aggregate depreciation	(34,736)	(34,736)
	_______	_______
Carrying amount	158,861	158,861
	_______	_______

At 31 March 2024
Aggregate cost	193,597	193,597
Aggregate depreciation	(32,064)	(32,064)
	_______	_______
Carrying amount	161,533	161,533
	_______	_______

The freehold land and buildings were revalued at open market value by T N Shobrook FRICS as at 31st March 2015. The value has been adopted as the deemed cost of the assets concerned on transition to FRS 102.

8. Debtors

	2025	2024
	£	£
Trade debtors	46,291	40,507
Other debtors	35,984	32,057
	_______	_______
	82,275	72,564
	_______	_______

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	45,363	27,441
Corporation tax	95,167	41,286
Social security and other taxes	63,827	30,066
Other creditors	8,240	7,636
	_______	_______
	212,597	106,429
	_______	_______

10. Deferred tax

The deferred tax included in the statement of financial position is as follows:

			2025	2024
			£	£
			30,396	30,808
			_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	4,515	4,927
Revaluation of tangible assets	25,881	25,881
	_______	_______
	30,396	30,808
	_______	_______

11. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary A shares of £ 1.00 each	200	200	200	200
Ordinary B shares of £ 1.00 each	1	1	1	1
Ordinary C shares of £ 1.00 each	1	1	1	1
Ordinary D shares of £ 1.00 each	1	1	1	1
	_______	_______	_______	_______
	203	203	203	203
	_______	_______	_______	_______

12. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Dividends Credited	Balance o/standing
		£	£	£	£
	K N Hawkins	-	34,123	( 34,123)	-
	N N Hawkins	-	77,139	( 77,139)	-
	P F Hawkins	-	124,225	( 124,225)	-
		_______	_______	_______	_______
		-	235,487	( 235,487)	-
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Dividends Credited	Balance o/standing
		£	£	£	£
	K N Hawkins	-	33,589	( 33,589)	-
	N N Hawkins	-	87,686	( 87,686)	-
	P F Hawkins	-	102,310	( 102,310)	-
		_______	_______	_______	_______
		-	223,585	( 223,585)	-
		_______	_______	_______	_______

13. Controlling party

The company is under the control the directors, K N Hawkins , N N Hawkins and P F Hawkins .