Company registration number 11851769 (England and Wales)
CHARLIE ZULU LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
PAGES FOR FILING WITH REGISTRAR
CHARLIE ZULU LTD
COMPANY INFORMATION
Directors
Mr C A Calzaghe
Mr Z A Poyner
Company number
11851769
Registered office
Windrush
Brecfa Close
Ponthir
NP18 1GY
Accountants
UHY Hacker Young
Bradbury House
Mission Court
Newport
Gwent
United Kingdom
NP20 2DW
CHARLIE ZULU LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
CHARLIE ZULU LTD
BALANCE SHEET
AS AT
28 FEBRUARY 2026
28 February 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,632
3,290
Investment property
4
768,072
643,988
770,704
647,278
Current assets
Cash at bank and in hand
2,425
73,007
Creditors: amounts falling due within one year
5
(582,558)
(553,857)
Net current liabilities
(580,133)
(480,850)
Total assets less current liabilities
190,571
166,428
Creditors: amounts falling due after more than one year
6
(131,127)
(136,127)
Provisions for liabilities
(8,108)
(823)
Net assets
51,336
29,478
Capital and reserves
Called up share capital
7
2
2
Revaluation reserve
33,531
-
0
Profit and loss reserves
17,803
29,476
Total equity
51,336
29,478

For the financial year ended 28 February 2026 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 10 July 2026 and are signed on its behalf by:
Mr C A Calzaghe
Director
Company registration number 11851769 (England and Wales)
CHARLIE ZULU LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 2 -
1
Accounting policies
Company information

Charlie Zulu Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Windrush, Brecfa Close, Ponthir, NP18 1GY.

1.1
Basis of preparation

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 a mounts in these financial statements are rounded to the nearest £.

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

1.2
Revenue

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the provision of rental properties is recognised over the period of rent when, and to the extent that, the company obtains the rights to consideration in exchange for services provided.

1.3
Tangible fixed assets

Tangible fixed assets are measured at cost, net of depreciation.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% reducing balance
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
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of 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.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

CHARLIE ZULU LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
1
Accounting policies
(Continued)
- 3 -
1.6
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.

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.

2
Employees

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

2026
2025
Number
Number
Total
2
2
3
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 March 2025 and 28 February 2026
5,400
Depreciation and impairment
At 1 March 2025
2,110
Depreciation charged in the year
658
At 28 February 2026
2,768
Carrying amount
At 28 February 2026
2,632
At 28 February 2025
3,290
CHARLIE ZULU LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 4 -
4
Investment property
2026
£
Fair value
At 1 March 2025
643,988
Additions
79,376
Revaluations
44,708
At 28 February 2026
768,072

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 28 February 2026 by the director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

5
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans
5,000
5,000
Taxation and social security
-
0
6,481
Other creditors
577,558
542,376
582,558
553,857
6
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
21,250
26,250
Other creditors
109,877
109,877
131,127
136,127
Creditors which fall due after five years are payable as follows:
Payable by instalments
-
6,250
Payable other than by instalments
109,877
109,877
109,877
116,127

The long-term loans in other creditors are secured by fixed charges over the investment property.

7
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
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