Company No: 04511222 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Investment property	3	936,220		991,220
		936,220		991,220
Current assets
Stocks	4	250		375
Debtors	5	45,936		50,571
Cash at bank and in hand		34,908		38,300
		81,094		89,246
Creditors: amounts falling due within one year	6	( 99,280)		( 102,099)
Net current liabilities		(18,186)		(12,853)
Total assets less current liabilities		918,034		978,367
Creditors: amounts falling due after more than one year	7	( 443,636)		( 443,038)
Provision for liabilities	8	( 30,684)		( 66,336)
Net assets		443,714		468,993
Capital and reserves
Called-up share capital		5		5
Fair value reserve		383,123		424,372
Profit and loss account		60,586		44,616
Total shareholders' funds		443,714		468,993

For the financial year ending 31 December 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 Profit and Loss Account has not been delivered.

The financial statements of Charm Properties Limited (registered number: 04511222) were approved and authorised for issue by the Board of Directors on 03 August 2026. They were signed on its behalf by:

Mrs H C Kearns 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

Charm Properties 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 Leanne House, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.

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 items at fair value, 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 £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for rent receivable in the normal course of business.

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. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	5		6

3. Investment property

	Investment property
	£
Valuation
As at 01 January 2025	991,220
Fair value movement	(55,000)
As at 31 December 2025	936,220

Valuation

The fair value of the investment properties at 31 December 2025 have been arrived at on the basis of valuations carried out on that date by the directors. The basis of this valuation was open market value

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2025		2024
	£		£
Historic cost	500,512		500,512

4. Stocks

	2025		2024
	£		£
Stocks	250		375

5. Debtors

	2025		2024
	£		£
Trade debtors	0		559
Other debtors	45,936		50,012
	45,936		50,571

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	2,069		1,836
Taxation and social security	345		8,311
Other creditors	96,866		91,952
	99,280		102,099

Within other creditors are loans to two of the directors which are interest free and repayable on demand.

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

	2025		2024
	£		£
Bank loans	443,636		443,038

The bank loans are secured on the investment properties of the company.

8. Provision for liabilities

	2025		2024
	£		£
Deferred tax	30,684		66,336

9. Related party transactions

Transactions with the entity's directors

The directors' loan accounts are repayable on demand, and interest has been charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

At 1st January 2025 the balance owed from two of the directors was £21,451. During the year, the company made advances to the directors amounting to £nil and received repayments of £67 leaving a balance due from the directors of £21,384.

At 1st January 2024 the balance owed from two of the directors was £16,464. During the year, the company made advances to the directors amounting to £5,000 and received repayments of £13 leaving a balance due from the directors of £21,451.