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Registered number: 00922197
M.E. Charnaud & Sons Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Affinity Associates (Flemmings) Limited
76 Canterbury Road
Croydon
Surrey
CR0 3HA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 00922197
31 December 2025 31 December 2024
Notes £ £ £ £
FIXED ASSETS
Investments 4 5,527,500 5,527,500
5,527,500 5,527,500
CURRENT ASSETS
Debtors 5 3,271,456 3,357,132
Cash at bank and in hand 13,738 54,632
3,285,194 3,411,764
Creditors: Amounts Falling Due Within One Year 6 (10,399 ) (133,468 )
NET CURRENT ASSETS (LIABILITIES) 3,274,795 3,278,296
TOTAL ASSETS LESS CURRENT LIABILITIES 8,802,295 8,805,796
NET ASSETS 8,802,295 8,805,796
CAPITAL AND RESERVES
Called up share capital 7 43,652 43,652
Share premium account 5,569,163 5,569,163
Capital redemption reserve 1,348 1,348
Profit and Loss Account 3,188,132 3,191,633
SHAREHOLDERS' FUNDS 8,802,295 8,805,796
Page 1
Page 2
For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr P F Charnaud
Director
20 August 2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
M.E. Charnaud & Sons Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00922197 . The registered office is 1 Blatchford Road, Horsham, West Sussex, RH13 5QR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 3)
2 3
4. Investments
Subsidiaries
£
Cost or Valuation
As at 1 January 2025 5,527,500
As at 31 December 2025 5,527,500
Provision
As at 1 January 2025 -
As at 31 December 2025 -
Net Book Value
As at 31 December 2025 5,527,500
As at 1 January 2025 5,527,500
Page 3
Page 4
5. Debtors
31 December 2025 31 December 2024
£ £
Due within one year
Other debtors 58,957 19,455
Directors' loan accounts - 25,178
Amounts owed by group undertakings 3,212,499 3,312,499
3,271,456 3,357,132
6. Creditors: Amounts Falling Due Within One Year
31 December 2025 31 December 2024
£ £
Corporation tax 6,079 131,308
Accruals and deferred income 4,320 2,160
10,399 133,468
7. Share Capital
31 December 2025 31 December 2024
£ £
Allotted, Called up and fully paid 43,652 43,652
8. Related Party Transactions
Transactions with Ex Director
At the balance sheet date, an amount of £42,000 was due from the late Mr Michael Erwin Charnaud, who was a director and shareholder of the company. The amounts relate to expenses paid on behalf of the Late Mr Michael Erwin Charnaud. Following the director's passing away on 5th November 2024, the balance was settled on 1st July 2026.
Transactions with group undertakings
As at the balance sheet date, the amounts owed from Scott & Sargeant Holdings Limited is £3,212,499 (2024 - £3,312,499).
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