Company No: 07690452 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	251,257		1,120
		251,257		1,120
Current assets
Debtors	5	8,922,337		9,903,508
Cash at bank and in hand		3,253,629		2,331,941
		12,175,966		12,235,449
Creditors: amounts falling due within one year	6	( 8,725,147)		( 8,536,097)
Net current assets		3,450,819		3,699,352
Total assets less current liabilities		3,702,076		3,700,472
Creditors: amounts falling due after more than one year	7	( 533,254)		( 618,459)
Provision for liabilities		( 9,083)		( 280)
Accruals and deferred income		( 53,860)		( 59,573)
Net assets		3,105,879		3,022,160
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		3,105,779		3,022,060
Total shareholders' funds		3,105,879		3,022,160

For the financial year ending 30 June 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Charterbank Capital Limited (registered number: 07690452) were approved and authorised for issue by the Board of Directors on 12 January 2026. They were signed on its behalf by:

Mr C J Eccles Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Charterbank Capital Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Blackbrook Gate 1, Blackbrook Park Avenue, Taunton, TA1 2PX, England, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents interest receivable on loans advanced to customers and fees charged. The turnover of the company is not subject to VAT.

Interest receivable is recognised as revenue immediately upon the advancing of loans to the extent that it is non-refundable and will accrue over the minimum term of the underlying agreement. Interest accruing subsequent to the minimum term is recognised as revenue over the remaining term of the agreement in proportion to the capital amount outstanding.

Fees are recognised as revenue over the remaining term of the related loan agreement.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings	50 years straight line
Office equipment	4 years straight line
Other property, plant and equipment	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Fixed asset investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

3. Tangible assets

	Land and buildings		Office equipment		Other property, plant and equipment		Total
	£		£		£		£
Cost
At 01 July 2024	0		4,069		1,859		5,928
Additions	240,002		10,685		0		250,687
At 30 June 2025	240,002		14,754		1,859		256,615
Accumulated depreciation
At 01 July 2024	0		2,949		1,859		4,808
Charge for the financial year	0		550		0		550
At 30 June 2025	0		3,499		1,859		5,358
Net book value
At 30 June 2025	240,002		11,255		0		251,257
At 30 June 2024	0		1,120		0		1,120

4. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 July 2024	10,296		10,296
At 30 June 2025	10,296		10,296
Provisions for impairment
At 01 July 2024	10,296		10,296
At 30 June 2025	10,296		10,296
Carrying value at 30 June 2025	0		0
Carrying value at 30 June 2024	0		0

5. Debtors

	2025		2024
	£		£
Trade debtors	7,809,202		8,773,200
Prepayments and accrued income	1,113,135		1,129,558
Other debtors	0		750
	8,922,337		9,903,508

Trade debtor balances are in relation to finance and bridging loans provided.

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	78,756		72,306
Other loans	8,241,523		7,999,057
Accruals	220,487		203,322
Taxation and social security	180,031		261,412
Other creditors	4,350		0
	8,725,147		8,536,097

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	533,254		618,459

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2025		2024
	£		£
Bank loans (repayable by instalments)	234,520		329,234

Bank loans are guaranteed by Residential Trust Limited, a company in which a director is a director and shareholder, up to a maximum of £990,000.

Residential Trust Limited has been paid £10,000 (2024 - £10,000) in respect of this guarantee.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

9. Financial commitments

Other financial commitments

The total amount of financial commitments not included in the balance sheet is £4,432 (2024 - £22,161).