Company Registration No. 1133817 (England and Wales)
Charterhouse Simon Limited
Unaudited accounts
for the year ended 31 March 2025
Charterhouse Simon Limited
Unaudited accounts
Contents
Charterhouse Simon Limited
Company Information
for the year ended 31 March 2025
Directors
Richard Stephen Leslie
Claudia Ruth Leslie
Kim Mulvey
Company Number
1133817 (England and Wales)
Registered Office
52 Alston Road
Barnet
Hertfordshire
EN5 4EY
Charterhouse Simon Limited
Statement of financial position
as at 31 March 2025
Tangible assets
3,556
4,183
Investment property
10,742,900
12,658,069
Cash at bank and in hand
3,485,656
2,321,358
Creditors: amounts falling due within one year
(236,775)
(434,618)
Net current assets
3,866,817
2,188,390
Total assets less current liabilities
14,613,273
14,850,642
Provisions for liabilities
Deferred tax
(157,358)
(290,110)
Net assets
14,455,915
14,560,532
Called up share capital
236,250
236,250
Capital redemption reserve
13,500
13,500
Profit and loss account
14,206,165
14,310,782
Shareholders' funds
14,455,915
14,560,532
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by
Claudia Ruth Leslie
Director
Company Registration No. 1133817
Charterhouse Simon Limited
Notes to the Accounts
for the year ended 31 March 2025
Charterhouse Simon Limited is a private company, limited by shares, registered in England and Wales, registration number 1133817. The registered office is 52 Alston Road, Barnet, Hertfordshire, EN5 4EY.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The turnover shown in the profit and loss account represents net rents receivable during the year.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Reducing Balance
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the income statement, 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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Charterhouse Simon Limited
Notes to the Accounts
for the year ended 31 March 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. The estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Charterhouse Simon Limited
Notes to the Accounts
for the year ended 31 March 2025
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Tangible fixed assets
Fixtures & fittings
Fair value at 1 April 2024
12,658,069
At 31 March 2025
10,742,900
Properties are valued on an open market basis at the balance sheet date conducted by the director, Mr R S Leslie who is deemed to have sufficient knowledge and experience to do so.
The profit and loss account reserve records retained earnings and accumulated losses. At the balance sheet date, the profit and loss account included accumulated unrealised profits relating to the revaluation of investment properties of £1,610,009 (2024: £2,204,549) which are not available for distribution.
Amounts falling due within one year
Amounts due from group undertakings etc.
312,500
-
Accrued income and prepayments
2,990
-
Other debtors
301,650
301,650
Charterhouse Simon Limited
Notes to the Accounts
for the year ended 31 March 2025
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Creditors: amounts falling due within one year
2025
2024
Taxes and social security
45,848
113,894
Other creditors
21,066
21,066
Loans from directors
66,678
206,312
Deferred income
22,615
22,615
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Average number of employees
During the year the average number of employees was 3 (2024: 3).