30 April 2024 false No description of principal activity Taxfiler 2024.6 10789985 business:PrivateLimitedCompanyLtd 2024-04-30 2025-04-29 10789985 2024-04-29 10789985 2024-04-30 2025-04-29 10789985 business:AuditExemptWithAccountantsReport 2024-04-30 2025-04-29 10789985 business:FilletedAccounts 2024-04-30 2025-04-29 10789985 2025-04-29 10789985 business:Director1 2024-04-30 2025-04-29 10789985 business:RegisteredOffice 2024-04-30 2025-04-29 10789985 2024-04-29 10789985 core:WithinOneYear 2025-04-29 10789985 core:WithinOneYear 2024-04-29 10789985 core:AfterOneYear 2025-04-29 10789985 core:AfterOneYear 2024-04-29 10789985 core:ShareCapital core:PreviouslyStatedAmount 2025-04-29 10789985 core:ShareCapital core:PreviouslyStatedAmount 2024-04-29 10789985 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-04-29 10789985 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-04-29 10789985 core:PreviouslyStatedAmount 2025-04-29 10789985 core:PreviouslyStatedAmount 2024-04-29 10789985 business:SmallEntities 2024-04-30 2025-04-29 10789985 countries:EnglandWales 2024-04-30 2025-04-29 10789985 2023-04-30 2024-04-29 iso4217:GBP xbrli:pure
Company Registration No. 10789985 (England and Wales)
Charnley Property Limited Unaudited accounts for the year ended 29 April 2025
Charnley Property Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Charnley Property Limited Company Information for the year ended 29 April 2025
Director
Peter Charnley
Company Number
10789985 (England and Wales)
Registered Office
Hare House 732 Whittingham Lane Preston PR3 2JJ
Accountants
The Tax Farm Hare House 732 Whittingham Lane Preston PR3 2JJ
- 3 -
Charnley Property Limited Statement of financial position as at 29 April 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
4
1,040,000
1,115,000
Current assets
Debtors
5
148,439
152,514
Cash at bank and in hand
42,696
221,043
191,135
373,557
Creditors: amounts falling due within one year
6
(231,103)
(397,751)
Net current liabilities
(39,968)
(24,194)
Total assets less current liabilities
1,000,032
1,090,806
Creditors: amounts falling due after more than one year
7
(437,812)
(474,754)
Provisions for liabilities
Deferred tax
(98,010)
(116,760)
Net assets
464,210
499,292
Capital and reserves
Called up share capital
20
20
Profit and loss account
464,190
499,272
Shareholders' funds
464,210
499,292
For the year ending 29 April 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 his 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 13 January 2026 and were signed on its behalf by
Peter Charnley Director Company Registration No. 10789985
- 4 -
Charnley Property Limited Notes to the Accounts for the year ended 29 April 2025
1
Statutory information
Charnley Property Limited is a private company, limited by shares, registered in England and Wales, registration number 10789985. The registered office is Hare House, 732 Whittingham Lane, Preston, PR3 2JJ.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover represents amounts receivable for rents and goods and services net of VAT and trade discounts.
4
Investment property
2025
£
Fair value at 30 April 2024
1,115,000
Net loss from fair value adjustments
(75,000)
At 29 April 2025
1,040,000
The fair values of the investment properties have been arrived at on the basis of a valuation carried out by the directors at the year end.
- 5 -
Charnley Property Limited Notes to the Accounts for the year ended 29 April 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
5,032
5,773
Other debtors
143,407
146,741
148,439
152,514
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
3,096
10,134
Taxes and social security
7,056
12,328
Other creditors
28,905
21,902
Loans from directors
192,046
353,387
231,103
397,751
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
437,812
474,754
8
Transactions with related parties
The following amounts were outstanding at the reporting end date: Amounts due from related parties P&D Property (Oldham) Limited £0 (2024 - £3,500) 60 Church Street Limited £142,541 (2024 - £142,541) Lancaster Properties Lettings Limited £400 (2024 - £400) D&P Lancaster Limited £0 (2024 - £300) The amount outstanding from P&D Property (Oldham) Limited, a company in which Mr P. Charnley is a director and shareholder, is in respect of a loan. No interest was charged on the loan during the period. The amount outstanding from 60 Church Street Limited, a company in which Mr P. Charnley is a director and shareholder, is in respect of a loan. No interest was charged on the loan during the period. The amount outstanding from Lancaster Property Lettings Limited, a company in which Mr P. Charnley is a director and shareholder, is in respect of a loan. No interest was charged on the loan during the period. The amount outstanding from D&P Lancaster Limited, a company in which Mr P. Charnley is a director and shareholder, is in respect of a loan. No interest was charged on the loan during the period.
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).
- 6 -