REGISTERED NUMBER: 11282487 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

FLAG CHARLIE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Sir G Zambellas

REGISTERED OFFICE:

Court Farm

Glanvilles Wootton

Sherborne

Dorset

DT9 5QJ

REGISTERED NUMBER:

11282487 (England and Wales)

ACCOUNTANTS:

Robert Anthony ACA

36 Merdon Avenue

Chandlers Ford

Eastleigh

Hampshire

SO53 1EP

FIXED ASSETS

Tangible assets

4

5,836

7,331

CURRENT ASSETS

Debtors

5

51,817

63,818

Cash at bank

20,123

18,031

71,940

81,849

CREDITORS

Amounts falling due within one year

6

(4,904

)

(3,691

)

NET CURRENT ASSETS

67,036

78,158

TOTAL ASSETS LESS CURRENT LIABILITIES

72,872

85,489

PROVISIONS FOR LIABILITIES

(1,108

)

(1,392

)

NET ASSETS

71,764

84,097

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

71,763

84,096

SHAREHOLDERS' FUNDS

71,764

84,097

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 20 December 2025 and were signed by:

Sir G Zambellas - Director

1.	STATUTORY INFORMATION

Flag Charlie 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

12,017

Additions

691

Disposals

(427

)

At 31 March 2025

12,281

DEPRECIATION

At 1 April 2024

4,686

Charge for year

1,946

Eliminated on disposal

(187

)

At 31 March 2025

6,445

NET BOOK VALUE

At 31 March 2025

5,836

At 31 March 2024

7,331

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

5,219

-

Other debtors

46,598

63,818

51,817

63,818

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Taxation and social security

2,020

28

Other creditors

2,884

3,663

4,904

3,691

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£0.01

1

1

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Sir G Zambellas

Balance outstanding at start of year

50,959

32,840

Amounts advanced

943

18,119

Amounts repaid

(18,560

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

33,342

50,959

The advance to the director is unsecured and repayable upon demand. Interest charged on the loan for the year amounted to £948 (2024: £943).