REGISTERED NUMBER: 10461532 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2025

for

Charltons Property Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P J Charlton

D G Charlton

A D Charlton

REGISTERED OFFICE:

Sawmills

Buckland Down

Frome

Somerset

BA11 2RH

REGISTERED NUMBER:

10461532 (England and Wales)

FIXED ASSETS

Investment property

4

2,376,000

2,640,000

CURRENT ASSETS

Debtors

5

46,512

37,967

Cash at bank

120,171

126,558

166,683

164,525

CREDITORS

Amounts falling due within one year

6

173,160

165,685

NET CURRENT LIABILITIES

(6,477

)

(1,160

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,369,523

2,638,840

CREDITORS

Amounts falling due after more than one year

7

(1,542,819

)

(1,618,869

)

PROVISIONS FOR LIABILITIES

(121,640

)

(187,640

)

NET ASSETS

705,064

832,331

CAPITAL AND RESERVES

Called up share capital

3,000

3,000

Other reserves

372,627

570,627

Retained earnings

329,437

258,704

SHAREHOLDERS' FUNDS

705,064

832,331

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2026 and were signed on its behalf by:

P J Charlton - Director

1.	STATUTORY INFORMATION

Charltons Property Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The directors have a reasonable expectation that the company is well placed to manage its business

risks successfully and accordingly adopts the going concern basis in preparing the annual report and

accounts.

Turnover

Turnover comprises of rental income receivable and is recognised in accordance with the terms of the tenants' lease agreements.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 4 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

2,640,000

Revaluations

(264,000

)

At 30 November 2025

2,376,000

NET BOOK VALUE

At 30 November 2025

2,376,000

At 30 November 2024

2,640,000

Fair value at 30 November 2025 is represented by:

£

Valuation in 2018

810,561

Valuation in 2021

(40,000

)

Valuation in 2024

(20,000

)

Valuation in 2025

(264,000

)

Cost

1,889,439

2,376,000

If freehold investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

1,889,439

1,889,439

Freehold investment property was valued on an open market basis basis on 29 October 2024 by Fisher German LLP .

The valuation included a revision to reflect the property's value as at 29 April 2025.

In the opinion of the directors the above valuation remains appropriate as at the balance sheet date.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

29,693

8,423

Other debtors

16,819

29,544

46,512

37,967

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

58,242

58,311

Trade creditors

4,965

71

Tax

23,517

15,379

Social security and other taxes

1,376

1,182

VAT

669

2,670

Other creditors

18,988

18,988

Directors' current accounts

21,874

21,545

Accruals and deferred income

43,529

47,539

173,160

165,685

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

53,449

53,740

Bank loans - 2-5 years

160,347

145,632

Bank loans more 5 yr by instal

1,329,023

1,419,497

1,542,819

1,618,869

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,329,023

1,419,497

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,601,061

1,677,180

Bank borrowings are secured by a fixed and floating charge over the assets and undertaking of the company.

9.	RELATED PARTY DISCLOSURES

The company's directors have made loans of £21,874 (2024: £21,545) to the company. The loans do not bear an interest charge and are repayable on demand.

At the balance sheet date, £988 (2024: £988) was due from the company to a company under common control. The loan is interest free, unsecured and repayable on demand.