Charleston Court Property Co. Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 02946516 (England and Wales)

CHARLESTON COURT PROPERTY CO. LTD

PROPERTY MANAGEMENT

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs H A Forrester

L M Forrester

J D M Sesnan

SECRETARY:

L M Forrester

REGISTERED OFFICE:

424 Margate Road

Ramsgate

Kent

CT12 6SJ

REGISTERED NUMBER:

02946516 (England and Wales)

AUDITORS:

Spurling Cannon Audit Limited

424 Margate Road

Westwood

Ramsgate

Kent

CT12 6SJ

FIXED ASSETS

Tangible assets

4

7,287

19,399

CURRENT ASSETS

Debtors

5

49,260

52,399

Cash at bank and in hand

296,995

205,490

346,255

257,889

CREDITORS

Amounts falling due within one year

6

346,208

257,842

NET CURRENT ASSETS

47

TOTAL ASSETS LESS CURRENT
LIABILITIES

7,334

19,446

CAPITAL AND RESERVES

Called up share capital

46

Other reserves

7,288

19,400

SHAREHOLDERS' FUNDS

7,334

19,446

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2026 and were signed on its behalf by:

L M Forrester - Director

Mrs H A Forrester - Director

1.	STATUTORY INFORMATION

Charleston Court Property Co. 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.

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.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

Going Concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover represents service charges and associated income.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

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.

Sinking fund

A sinking fund has been established to finance long term maintenance works which arise from time to time.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 July 2025

and 30 June 2026

1

92,984

92,985

DEPRECIATION

At 1 July 2025

-

73,586

Charge for year

-

12,112

At 30 June 2026

-

85,698

NET BOOK VALUE

At 30 June 2026

1

7,286

7,287

At 30 June 2025

1

19,398

19,399

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Amounts due from members

30,635

31,966

Sundry debtors

32

818

Prepayments

18,593

19,615

49,260

52,399

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Taxation

942

566

Sundry creditors

19,018

23,023

Contributions in advance

128,456

106,945

Accruals and deferred income

6,442

5,297

Sinking funds

191,350

122,011

346,208

257,842

CONTRIBUTIONS IN ADVANCE

Contributions in advance is calculated by allocating the Service Charge contributions evenly over the period to which they relate. For 2026 the expenditure for the year has resulted in a net underspend of £61,499 (this incudes the underspend of £33,010 carried forward into this year) this amount has been adjusted for in the above figure. The Directors do not propose to repay this amount but to retain this to offset against future rising costs.

SINKING FUNDS

2026

2025

£

Balance brought forward

122,010

54,148

Charge for the year

88,000

Interest

1,880

1,168

211,890

143,316

Transfer to profit and loss account

(20,165

)

(21,072

)

Tax on interest

(376

)

(234

)

191,349

122,010

The sinking fund is established under leases issued by the freeholder and is held by the company on trust for the owners.

The sinking fund represents monies collected from leaseholders under the terms of the lease for future major repairs and maintenance. In accordance with the lease, these monies are held by the Company as trustee for the leaseholders and are maintained separately from the Company's own funds. The Company has no beneficial interest in these monies and they are not available for the general purposes of the Company.

Interest arising on the sinking fund is assessable to tax at the rate applicable to trusts.

Expenditure on maintenance etc. is charged to the profit and loss account as incurred and funded by transfer from the sinking fund in the year of expenditure.

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jonathan Spurling (Senior Statutory Auditor)

for and on behalf of Spurling Cannon Audit Limited

8.	RELATED PARTY DISCLOSURES

During the year the Company reimbursed £1,545 (2025 £1,141) to Mr L & Mrs H Forrester for costs incurred on behalf of the Company. Mr L & Mrs H Forrester are directors of the Company.