Company Registration No. 14013421 (England and Wales)
Charles-Patrick Financial Ltd
Unaudited accounts
for the year ended 31 March 2025
Charles-Patrick Financial Ltd
Unaudited accounts
Contents
Charles-Patrick Financial Ltd
Company Information
for the year ended 31 March 2025
Company Number
14013421 (England and Wales)
Registered Office
JASMINE COTTAGE LOW ROAD
TASBURGH
NORWICH
NR15 1AR
UNITED KINGDOM
Accountants
Mrs A C Howell
13 Ipswich Grove
Norwich
Norfolk
NR2 2LU
Charles-Patrick Financial Ltd
Statement of financial position
as at 31 March 2025
Intangible assets
26,644
-
Tangible assets
2,239
1,739
Cash at bank and in hand
16,773
10,573
Creditors: amounts falling due within one year
(41,064)
(11,864)
Net current (liabilities)/assets
(13,657)
1,466
Called up share capital
100
100
Profit and loss account
15,126
3,105
Shareholders' funds
15,226
3,205
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 director acknowledges her 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 and authorised for issue on 30 December 2025 and were signed on its behalf by
Victoria Patrick
Director
Company Registration No. 14013421
Charles-Patrick Financial Ltd
Notes to the Accounts
for the year ended 31 March 2025
Charles-Patrick Financial Ltd is a private company, limited by shares, registered in England and Wales, registration number 14013421. The registered office is JASMINE COTTAGE LOW ROAD, TASBURGH, NORWICH, NR15 1AR, UNITED KINGDOM.
2
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Computer equipment
20% straight line
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.
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.
Charles-Patrick Financial Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Accrued income and prepayments
669
1,323
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
8,481
5,648
Loans from directors
31,924
5,691
Charles-Patrick Financial Ltd
Notes to the Accounts
for the year ended 31 March 2025
8
Operating lease commitments
2025
2024
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
7,595
7,858
Later than one year and not later than five years
-
7,203
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).