CHARTER LAND AND ESTATES LIMITED Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03699608

CHARTER LAND AND ESTATES LIMITED

Filleted Unaudited Financial Statements

31 March 2025

CHARTER LAND AND ESTATES LIMITED

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5	11,781	14,883
Investments	6	333	333
		--------	--------
		12,114	15,216

Current assets

Debtors	7	171,880	285,160
Cash at bank and in hand		12,140	31,394
		---------	---------
		184,020	316,554

Creditors: amounts falling due within one year	8	116,338		67,373
		---------		---------
Net current assets			67,682	249,181
			--------	---------
Total assets less current liabilities			79,796	264,397

Provisions

Taxation including deferred tax	( 12,379)	( 12,968)
	--------	---------
Net assets	92,175	277,365
	--------	---------

Capital and reserves

Called up share capital	9	2	2
Profit and loss account		92,173	277,363
		--------	---------
Shareholders funds		92,175	277,365
		--------	---------

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 income and retained earnings has not been delivered.

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 .

CHARTER LAND AND ESTATES LIMITED

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 29 December 2025 , and are signed on behalf of the board by:

P F White
Director

Company registration number: 03699608

CHARTER LAND AND ESTATES LIMITED

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 and Wales. The address of the registered office is 4th Floor, 58-59 Great Marlborough Street, London, W1F 7JY, United Kingdom.

2. Statement of compliance

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

Revenue recognition

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax, in respect of management & consultancy.

Income tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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:

Computer equipment	-	25% straight line
Motor Vehicle	-	25% reducing balance
Equipment	-	25% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

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 as a finance cost in profit or loss in the period it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. Tangible assets

	Computer equipment	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 April 2024	26,255	32,810	28,494	87,559
Additions	–	–	825	825
	--------	--------	--------	--------
At 31 March 2025	26,255	32,810	29,319	88,384
	--------	--------	--------	--------
Depreciation
At 1 April 2024	26,255	19,812	26,609	72,676
Charge for the year	–	3,250	677	3,927
	--------	--------	--------	--------
At 31 March 2025	26,255	23,062	27,286	76,603
	--------	--------	--------	--------
Carrying amount
At 31 March 2025	–	9,748	2,033	11,781
	--------	--------	--------	--------
At 31 March 2024	–	12,998	1,885	14,883
	--------	--------	--------	--------

6. Investments

	Other investments other than loans
	£
Cost
At 1 April 2024 and 31 March 2025	333
	----
Impairment
At 1 April 2024 and 31 March 2025	–
	----

Carrying amount
At 31 March 2025	333
	----
At 31 March 2024	333
	----

7. Debtors

	2025	2024
	£	£
Trade debtors	935	935
Other debtors	170,945	284,225
	---------	---------
	171,880	285,160
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	3,370	–
Amounts owed to group undertakings and undertakings in which the company has a participating interest	69,000	29,002
Social security and other taxes	2,424	461
Other creditors	41,544	37,910
	---------	--------
	116,338	67,373
	---------	--------

Other creditors include Directors' loan of £34,483 (2024: £27,614)

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary Class A shares of £ 0.20 each	3	1	3	1
Ordinary Class B shares of £ 0.20 each	3	1	3	1
Ordinary Class C shares of £ 0.20 each	2	–	2	–
Ordinary Class D shares of £ 0.20 each	2	–	2	–
	----	----	----	----
	10	2	10	2
	----	----	----	----

10. Related party transactions

At the balance sheet date £69,000 (2024: £29,000) was due to the Whitesand Partnership of which four directors of the company are also partners. As at the Balance Sheet date an amount of £79,750 was owed by Chapel Yard Ltd, and £79,750 was owed by Sandy (56) Ltd. These companies are owned by the directors.