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REGISTERED NUMBER: 10214334 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

CHARING INVESTMENTS LIMITED

CHARING INVESTMENTS LIMITED (REGISTERED NUMBER: 10214334)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021










Page

Statement of Financial Position 1

Notes to the Financial Statements 3


CHARING INVESTMENTS LIMITED (REGISTERED NUMBER: 10214334)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,772 12,830
Investments 5 611,965 611,965
Investment property 6 2,679,913 2,679,913
3,302,650 3,304,708

CURRENT ASSETS
Debtors 7 3,441 3,246
Cash at bank 517,561 581,128
521,002 584,374
CREDITORS
Amounts falling due within one year 8 1,301,928 2,037,898
NET CURRENT LIABILITIES (780,926 ) (1,453,524 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,521,724

1,851,184

CREDITORS
Amounts falling due after more than one
year

9

(1,630,481

)

(1,663,385

)

PROVISIONS FOR LIABILITIES (2,517 ) (2,908 )
NET ASSETS 888,726 184,891

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 888,626 184,791
SHAREHOLDERS' FUNDS 888,726 184,891

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CHARING INVESTMENTS LIMITED (REGISTERED NUMBER: 10214334)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2021


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 September 2022 and were signed by:





C Osman - Director


CHARING INVESTMENTS LIMITED (REGISTERED NUMBER: 10214334)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021


1. STATUTORY INFORMATION

Charing Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10214334

Registered office: 368 Forest Road
London
E17 5JF

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.

Preparation of consolidated financial statements
The financial statements contain information about Charing Investments Limited as an individual Company and do not contain consolidated financial information as the parent of a group. The Company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment properties are properties which are held either to earn rental income or for capital appreciation or for both. Investment properties are recognised initially at cost which includes the purchase cost and any directly attributable expenditure. Subsequent to initial recognition investment properties are held at fair value. Any gains or losses arising from changes in the fair value are recognised in profit or loss in the period that they arise. No depreciation is provided in respect of investment properties applying the fair value model.


CHARING INVESTMENTS LIMITED (REGISTERED NUMBER: 10214334)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern
The company continues with the support of it's director and shareholders which will not allow any of it's creditors to suffer as a result of the director's decision to allow the company to continue to trade under the circumstances.

Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

CHARING INVESTMENTS LIMITED (REGISTERED NUMBER: 10214334)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2021 28,856
Additions 1,533
At 31 December 2021 30,389
DEPRECIATION
At 1 January 2021 16,026
Charge for year 3,591
At 31 December 2021 19,617
NET BOOK VALUE
At 31 December 2021 10,772
At 31 December 2020 12,830

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2021
and 31 December 2021 611,965
NET BOOK VALUE
At 31 December 2021 611,965
At 31 December 2020 611,965

The Company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Charing Dane (Deal) Limited
Registered office: 368 Forest Road, London E17 5JF
Nature of business: Owning and renting of investment properties
%
Class of shares: holding
Ordinary 100.00
2021 2020
£    £   
Aggregate capital and reserves 417 638,377
(Loss)/profit for the year (960 ) 502,918

CHARING INVESTMENTS LIMITED (REGISTERED NUMBER: 10214334)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2021
and 31 December 2021 2,679,913
NET BOOK VALUE
At 31 December 2021 2,679,913
At 31 December 2020 2,679,913

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 December 2021 by the Director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Prepayments 3,389 2,896
Accrued income 52 350
3,441 3,246

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts (see note 10) 31,650 28,650
Amounts owed to group undertakings 286 759,878
Amounts owed to connected undertakings 1,210,579 1,210,579
Taxation and social security 23,993 12,071
Other creditors 35,420 26,720
1,301,928 2,037,898

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Bank loans (see note 10) 1,630,481 1,663,385

CHARING INVESTMENTS LIMITED (REGISTERED NUMBER: 10214334)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2021 2020
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 768,380 766,482

Repayable by instalments
Bank loans more 5 yr by instal 740,751 770,303

10. LOANS

An analysis of the maturity of loans is given below:

2021 2020
£    £   
Amounts falling due within one year or on demand:
Bank loans 31,650 28,650

Amounts falling due between one and two years:
Bank loans - 1-2 years 31,650 31,650

Amounts falling due between two and five years:
Bank loans - 2-5 years 89,700 94,950

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 768,380 766,482

Repayable by instalments
Bank loans more 5 yr by instal 740,751 770,303

11. SECURED DEBTS

The bank loans are secured by legal charges over the company's assets.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
100 Ordinary £1 100 100

CHARING INVESTMENTS LIMITED (REGISTERED NUMBER: 10214334)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


13. RELATED PARTY DISCLOSURES

The Company's related parties, the nature of the relationship and the extent of the transactions with them are summarised below:


2021 2020
£    £   
Amounts owed by/ (to) C Osman (Director) (4,293 ) (1,230 )
Amounts owed by/ (to) Connected Undertakings (1,210,579 ) (1,210,579 )
Amounts owed by/ (to) Group Undertakings (286 ) (759,878 )

Group Undertakings:
Charing Dane (Deal) Limited

Connected Undertakings:
Charing Care Limited

Connected Undertakings:
A company having the same or predominantly the same shareholders and or Board of Directors but which neither is a parent, subsidiary, fellow subsidiary nor associated company.

14. ULTIMATE CONTROLLING PARTY

The directors are considered to be the ultimate controlling party by virtue of their ability to act in concert in respect of the operational and financial policies of the company.