REGISTERED NUMBER: 05058857

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

FOR

RONALD CHARLES ASSOCIATES LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Statement of Changes in Equity

6

Notes to the Financial Statements

7

DIRECTORS:

R C Irani

Mrs L A Irani

SECRETARY:

Mrs L A Irani

REGISTERED OFFICE:

Bellefield House

104 New London Road

Chelmsford

Essex

CM2 0RG

REGISTERED NUMBER:

05058857

ACCOUNTANTS:

Lucentum Business Services Ltd

Beckwith Barn

Warren Estate

Lordship Road

Chelmsford

Essex

CM1 3WT

The directors present their report with the financial statements of the company for the year ended 31 July 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of introductory services.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 August 2024 to the date of this report.

R C Irani

Mrs L A Irani

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

R C Irani - Director

17 October 2025

TURNOVER

47,653

413,634

Cost of sales

-

225

GROSS PROFIT

47,653

413,409

Administrative expenses

455,676

663,364

OPERATING LOSS

(408,023

)

(249,955

)

Interest receivable and similar income

1,256

1,691

(406,767

)

(248,264

)

Interest payable and similar expenses

1,742

192

LOSS BEFORE TAXATION

(408,509

)

(248,456

)

Tax on loss

186

(27,077

)

LOSS FOR THE FINANCIAL YEAR

(408,695

)

(221,379

)

FIXED ASSETS

Intangible assets

4

-

75,422

Tangible assets

5

-

7,130

Investments

6

-

15,305

-

97,857

CURRENT ASSETS

Debtors

7

5,054

300,274

Cash in hand

18,314

58,360

23,368

358,634

CREDITORS

Amounts falling due within one year

8

68,428

185,222

NET CURRENT (LIABILITIES)/ASSETS

(45,060

)

173,412

TOTAL ASSETS LESS CURRENT LIABILITIES

(45,060

)

271,269

CREDITORS

Amounts falling due after more than one year

9

92,366

-

NET (LIABILITIES)/ASSETS

(137,426

)

271,269

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

11

(137,428

)

271,267

SHAREHOLDERS' FUNDS

(137,426

)

271,269

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2025 and were signed on its behalf by:

R C Irani - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 August 2023

2

493,646

493,648

Changes in equity

Dividends

-

(1,000

)

(1,000

)

Total comprehensive income

-

(221,379

)

(221,379

)

Balance at 31 July 2024

2

271,267

271,269

Changes in equity

Total comprehensive income

-

(408,695

)

(408,695

)

Balance at 31 July 2025

2

(137,428

)

(137,426

)

1.	STATUTORY INFORMATION

Ronald Charles Associates Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

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

-

Straight line over 5 years

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 3 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 August 2024

196,751

Disposals

(196,751

)

At 31 July 2025

-

AMORTISATION

At 1 August 2024

121,329

Eliminated on disposal

(121,329

)

At 31 July 2025

-

NET BOOK VALUE

At 31 July 2025

-

At 31 July 2024

75,422

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 August 2024

33,959

Additions

7,154

Disposals

(41,113

)

At 31 July 2025

-

DEPRECIATION

At 1 August 2024

26,829

Eliminated on disposal

(26,829

)

At 31 July 2025

-

NET BOOK VALUE

At 31 July 2025

-

At 31 July 2024

7,130

6.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2025

2024

£

£

Other investments

-

15,305

The company disposed of the investments on 26 September 2024.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

242,934

Other debtors

5,054

57,340

5,054

300,274

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

6,590

-

Trade creditors

341

5,189

Taxation and social security

5,763

2,426

Other creditors

55,734

177,607

68,428

185,222

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

92,366

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

59,292

-

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

11.

RESERVES

Retained

earnings

£

At 1 August 2024

271,267

Deficit for the year

(408,695

)

At 31 July 2025

(137,428

)

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is £47,623 (2024: £170,137) due to the directors of the company.

The Loan is interest free and repayable on demand.