Charlton Nominees Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04311230

Charlton Nominees Limited

Filleted Unaudited Financial Statements

30 September 2025

Charlton Nominees Limited

Statement of Financial Position

30 September 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	4		1,920,128	1,920,128

Current assets

Debtors	5	178,003	83,477
Cash at bank and in hand		28,480	4,706
		---------	--------
		206,483	88,183

Creditors: amounts falling due within one year	6	734,595		486,751
		---------		---------
Net current liabilities			528,112	398,568
			------------	------------
Total assets less current liabilities			1,392,016	1,521,560

Creditors: amounts falling due after more than one year	7	955,500	1,086,818
		------------	------------
Net assets		436,516	434,742
		------------	------------

Capital and reserves

Called up share capital	1	1
Revaluation reserve	304,337	304,337
Profit and loss account	132,178	130,404
	---------	---------
Shareholders funds	436,516	434,742
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 September 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Charlton Nominees Limited

Statement of Financial Position (continued)

30 September 2025

These financial statements were approved by the board of directors and authorised for issue on 7 May 2026 , and are signed on behalf of the board by:

N Bleier
Director

Company registration number: 04311230

Charlton Nominees Limited

Notes to the Financial Statements

Year ended 30 September 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 3 Edge Business Centre, Humber Road, London, NW2 6EW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents ground rents receivable.

Income tax

No provision has been made for deferred tax on gains recognised on revaluing property to its market value as the company does not intend to sell the revalued assets.

Tangible assets

Ground rent property investments are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. This accounting policy is a departure from the general requirement of the Companies Act for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Tangible assets

	Land and buildings
	£
Cost
At 1 October 2024 and 30 September 2025	1,920,128
	------------
Depreciation
At 1 October 2024 and 30 September 2025	–
	------------
Carrying amount
At 30 September 2025	1,920,128
	------------
At 30 September 2024	1,920,128
	------------

Tangible assets held at valuation

The company's fixed assets comprise rights to receive ground rents from various properties in the UK. These were revalued on 9 July 2004 by Lambert Smith Hampton, Chartered Surveyors, to the sum of £2,240,000 on an open market basis. Since then one of the properties has been sold and the value has been reduced accordingly. The directors are of the opinion that the open market value at the period end is not materially different. No provision has been made for the contingent capital gains tax liability (deferred taxation) estimated at £73,233 in respect of the surplus on revaluation.

5. Debtors

	2025	2024
	£	£
Trade debtors	–	( 36,059)
Other debtors	178,003	119,536
	---------	---------
	178,003	83,477
	---------	---------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	278,662	30,866
Amounts owed to group undertakings and undertakings in which the company has a participating interest	425,000	425,000
Other creditors	30,933	30,885
	---------	---------
	734,595	486,751
	---------	---------

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

	2025	2024
	£	£
Bank loans and overdrafts	955,500	1,086,818
	---------	------------

All creditors falling due after more than five years are secured loans.

8. Related party transactions

The company was under the control of Greater London Corporation Limited throughout the current and previous year. Greater London Corporation Limited is the only shareholder. The shares of Greater London Corporation Limited are owned by The Blair Trust Fund, a UK charitable company. Charlton Nominees Limited owed The Blair Trust Fund £425,000 at the start of the year on an interest free basis and this was the balance at the year end too. Charlton Nominees Limited had lent £50,000 to Clarence Leeds Limited, a UK company under the control Greater London Corporation Limited, in a previous year on an interest free basis. This was also the balance at the year end. Charlton Nominees Limited donated £24,000 to The Blair Trust Fund during the year.