REGISTERED NUMBER: 02688880 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CHARTGREEN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R C Cohen

SECRETARY:

Mrs R L Cohen

REGISTERED OFFICE:

The Old Stables

The Green

Letchmore Heath

Herts

WD25 8ES

REGISTERED NUMBER:

02688880 (England and Wales)

ACCOUNTANTS:

Nagler Simmons

Chartered Accountants

5 Beaumont Gate

Shenley Hill

Radlett

WD7 7AR

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

1,448,018

1,448,018

1,448,018

1,448,018

CURRENT ASSETS

Debtors

6

395

395

Cash at bank

62,716

55,789

63,111

56,184

CREDITORS

Amounts falling due within one year

7

224,006

166,983

NET CURRENT LIABILITIES

(160,895

)

(110,799

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,287,123

1,337,219

CREDITORS

Amounts falling due after more than one year

8

(503,491

)

(508,771

)

PROVISIONS FOR LIABILITIES

(183,913

)

(139,774

)

NET ASSETS

599,719

688,674

CAPITAL AND RESERVES

Called up share capital

400

400

Other reserves

318,300

318,300

Retained earnings

281,019

369,974

SHAREHOLDERS' FUNDS

599,719

688,674

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 4 December 2025 and were signed by:

R C Cohen - Director

1.	STATUTORY INFORMATION

Chartgreen 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible fixed assets

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

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 NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

540

DEPRECIATION

At 1 April 2024

and 31 March 2025

540

NET BOOK VALUE

At 31 March 2025

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,448,018

NET BOOK VALUE

At 31 March 2025

1,448,018

At 31 March 2024

1,448,018

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

818,467

Cost

629,551

1,448,018

The investment properties were valued on open market basis on 31 March 2025 by the director.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

395

395

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

6,839

6,724

Taxation and social security

3,537

1,303

Other creditors

213,630

158,956

224,006

166,983

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

86,053

91,333

Other creditors

417,438

417,438

503,491

508,771

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

417,438

417,438

Repayable by instalments

Bank loans more 5 yr by instal

86,053

91,333

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

92,892

98,057

Other creditors

417,438

417,438

510,330

515,495

The loans are secured by fixed and floating charges over the assets of the company.

10.	RELATED PARTY DISCLOSURES

Included within long term creditors is an amount of £417,438 (2024 - £417,438) which is owed to the director his close family member, the company pay 2.89% interest per annum.