Company registration number 08792004 (England and Wales)
CHARLOTTE STREET (MANCHESTER) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
PAGES FOR FILING WITH REGISTRAR
CHARLOTTE STREET (MANCHESTER) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
CHARLOTTE STREET (MANCHESTER) LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2025
30 November 2025
- 1 -
2025
2024
as restated
Notes
£
£
£
£
Fixed assets
Investment property
3
1,876,150
1,804,675
Current assets
Debtors
4
4,161
41,800
Cash at bank and in hand
9,732
15,009
13,893
56,809
Creditors: amounts falling due within one year
5
(1,265,130)
(1,350,059)
Net current liabilities
(1,251,237)
(1,293,250)
Total assets less current liabilities
624,913
511,425
Creditors: amounts falling due after more than one year
6
(336,875)
(231,657)
Provisions for liabilities
(194,133)
(107,831)
Net assets
93,905
171,937
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
9
93,805
171,837
Total equity
93,905
171,937
CHARLOTTE STREET (MANCHESTER) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2025
30 November 2025
- 2 -

For the financial year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements. true

The financial statements were approved by the board of directors and authorised for issue on 30 April 2026 and are signed on its behalf by:
T J Kamani
Director
Company registration number 08792004 (England and Wales)
CHARLOTTE STREET (MANCHESTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 3 -
1
Accounting policies
Company information

Charlotte Street (Manchester) Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Robert Street Hub, 12-14 Robert Street, Manchester, M3 1EY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

The directors have concluded that it is appropriate to prepare the accounts on a going concern basis as the company has adequate cash resources and financial projection to indicate that the company will continue to trade within its existing bank facilities.

1.3
Turnover

Turnover represents amounts receivable in relation to investment property rental.

Rental income is recognised in the period to which it relates.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ o f FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

CHARLOTTE STREET (MANCHESTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 4 -
Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

CHARLOTTE STREET (MANCHESTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Investment property
2025
£
Fair value
At 1 December 2024
1,804,675
Additions
71,475
At 30 November 2025
1,876,150

Investment property comprises commercial property. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors at the year end. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

If investment properties were stated on historical cost basis rather than a fair value basis, the amounts would have been included of £1,390,933 (2024: £1,319,458).

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
29,960
Other debtors
4,161
11,840
4,161
41,800
5
Creditors: amounts falling due within one year
2025
2024
as restated
£
£
Trade creditors
5,823
12,414
Amounts owed to group undertakings
1,250,950
1,332,030
Taxation and social security
2,741
-
0
Accruals and deferred income
5,616
5,615
1,265,130
1,350,059
CHARLOTTE STREET (MANCHESTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 6 -
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
336,875
231,657

Included in other creditors due after one year is an unsecured loan from The Robert Street Hub Ltd, a company controlled by family members of the directors. This loan incurs interest of 10% per annum and has no fixed repayments but is fully repayable by 15 March 2029.

7
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
194,133
107,831
2025
Movements in the year:
£
Liability at 1 December 2024
107,831
Charge to profit or loss
86,302
Liability at 30 November 2025
194,133
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
9
Profit and loss reserves

Included within profit and loss reserves are non-distributable profits relating to revaluation of investment properties, net of related deferred tax liabilities totalling £376,920 (2024 - £376,920).

10
Parent company

The parent company is T&M Property Investments Ltd and its registered office is The Robert Street Hub,12-14 Robert Street, Manchester, M3 1EY.

CHARLOTTE STREET (MANCHESTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 7 -
11
Prior period adjustment
Changes to the balance sheet
As previously reported
Adjustment at 1 Dec 2023
Adjustment at 30 Nov 2024
As restated at 30 Nov 2024
£
£
£
£
Creditors due within one year
Other creditors
(21,311)
(1,328,748)
-
(1,350,059)
Capital and reserves
Profit and loss reserves
1,500,585
(1,328,748)
-
171,837
Reconciliation of changes in equity
1 December
30 November
2023
2024
£
£
Adjustments to prior year
Correction to profit and loss account brought forward
(1,328,748)
(1,328,748)
Equity as previously reported
1,499,877
1,500,685
Equity as adjusted
171,129
171,937
Analysis of the effect upon equity
Profit and loss reserves
(1,328,748)
(1,328,748)
Notes to reconciliation

In 2020, the prior period was adjusted incorrectly. This resulted in understated creditors owing to the parent company of £1,328,748.

In 2019 the parent company lent the company £1,328,748 in order to settle certain liabilities. In 2020, these amounts were incorrectly restated as a capital contribution and included in the profit and loss account brought forward.

The prior year adjustment reverses this error.

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