Charlie Adan Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 05856963 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

CHARLIE ADAN LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C I R Adan

J R B Lett

A A Clement

REGISTERED OFFICE:

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

REGISTERED NUMBER:

05856963 (England and Wales)

ACCOUNTANTS:

Stephenson Nuttall & Co

Chartered Accountants

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

FIXED ASSETS

Investment property

4

500,000

400,000

CURRENT ASSETS

Debtors

5

679

625

Cash at bank

20,976

32,056

21,655

32,681

CREDITORS

Amounts falling due within one year

6

339,281

357,788

NET CURRENT LIABILITIES

(317,626

)

(325,107

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

182,374

74,893

PROVISIONS FOR LIABILITIES

7

15,191

-

NET ASSETS

167,183

74,893

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

167,083

74,793

SHAREHOLDERS' FUNDS

167,183

74,893

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st December 2025 and were signed on its behalf by:

Mrs C I R Adan - Director

1.	STATUTORY INFORMATION

Charlie Adan Ltd 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.

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, excluding discounts, rebates, value added tax and other sales taxes.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

400,000

Revaluations

100,000

At 31st March 2025

500,000

NET BOOK VALUE

At 31st March 2025

500,000

At 31st March 2024

400,000

Fair value at 31st March 2025 is represented by:

£

Valuation in 2016

19,526

Valuation in 2025

100,000

Cost

380,474

500,000

If the investment property had not been revalued it would have been included at the following historical cost:

31/3/25

31/3/24

£

Cost

380,474

The investment property was valued on an open market basis on 31st March 2025 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

Prepayments

679

625

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

Trade creditors

1,359

-

Tax

1,755

1,980

Other creditors

1,200

Directors' current accounts

333,444

353,132

Accrued expenses

1,097

1,050

Rent in advance

426

339,281

357,788

7.	PROVISIONS FOR LIABILITIES

31/3/25

31/3/24

£

Deferred tax

15,191

-

Deferred

tax

£

Charge to Statement of Income and Retained Earnings during year

15,191

Balance at 31st March 2025

15,191

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31/3/25

31/3/24

value:

£

100

Ordinary

£1

100

9.	ULTIMATE CONTROLLING PARTY

Mr JRB Lett owns 70% of the issued share capital of the company.