IRIS Accounts Production v24.2.0.383 05665340 Board of Directors 1.1.23 31.12.23 31.12.23 24.9.24 0 0 true false true false false true true true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh056653402022-12-31056653402023-12-31056653402023-01-012023-12-31056653402021-12-31056653402022-01-012022-12-31056653402022-12-3105665340ns15:EnglandWales2023-01-012023-12-3105665340ns14:PoundSterling2023-01-012023-12-3105665340ns10:Director12023-01-012023-12-3105665340ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3105665340ns10:SmallEntities2023-01-012023-12-3105665340ns10:Audited2023-01-012023-12-3105665340ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3105665340ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3105665340ns10:FullAccounts2023-01-012023-12-3105665340ns10:OrdinaryShareClass12023-01-012023-12-3105665340ns5:CurrentFinancialInstruments2023-12-3105665340ns5:CurrentFinancialInstruments2022-12-3105665340ns5:Non-currentFinancialInstruments2023-12-3105665340ns5:Non-currentFinancialInstruments2022-12-3105665340ns5:ShareCapital2023-12-3105665340ns5:ShareCapital2022-12-3105665340ns5:RetainedEarningsAccumulatedLosses2023-12-3105665340ns5:RetainedEarningsAccumulatedLosses2022-12-3105665340ns10:RegisteredOffice2023-01-012023-12-3105665340ns5:CostValuation2022-12-3105665340ns5:Subsidiary12023-01-012023-12-31056653401ns5:Subsidiary12023-01-012023-12-3105665340ns5:Subsidiary12023-12-3105665340ns5:Subsidiary12022-12-3105665340ns5:Subsidiary12022-01-012022-12-3105665340ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3105665340ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-3105665340ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-12-3105665340ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2022-12-3105665340ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-3105665340ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-12-3105665340ns5:Secured2023-12-3105665340ns5:Secured2022-12-3105665340ns10:OrdinaryShareClass12023-12-3105665340ns5:RetainedEarningsAccumulatedLosses2022-12-3105665340ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-310566534012023-01-012023-12-31
REGISTERED NUMBER: 05665340 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ELEIKO (UK) LIMITED

ELEIKO (UK) LIMITED (REGISTERED NUMBER: 05665340)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Statement of Financial Position 1

Notes to the Financial Statements 2


ELEIKO (UK) LIMITED (REGISTERED NUMBER: 05665340)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 5 1,473,779 1,473,779

CURRENT ASSETS
Debtors 6 296 282
Cash at bank 655 16,702
951 16,984
CREDITORS
Amounts falling due within one year 7 620,008 618,282
NET CURRENT LIABILITIES (619,057 ) (601,298 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

854,722

872,481

CREDITORS
Amounts falling due after more than one
year

8

605,973

658,827
NET ASSETS 248,749 213,654

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 248,649 213,554
SHAREHOLDERS' FUNDS 248,749 213,654

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 Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





Y M Osman - Director


ELEIKO (UK) LIMITED (REGISTERED NUMBER: 05665340)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Eleiko (UK) 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: 05665340

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 Eleiko (UK) Limited as an individual Company and do not contain consolidated financial information as the parent of a group. The Company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Charing Holdings Limited, 368 Forest Road, London, E17 5JF.

Investments in subsidiaries
Investments in subsidiaries are stated in the balance sheet at cost, less any subsequent accumulated impairment losses.

The cost of investments in subsidiaries includes directly attributable incremental costs incurred in their acquisition.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.


ELEIKO (UK) LIMITED (REGISTERED NUMBER: 05665340)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
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 Charing Care Limited (a connected undertaking) the details of which are more fully explained in Related Party Disclosures.

Thus the Directors continue 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 (2022 - NIL).

4. AUDITORS' REMUNERATION
2023 2022
£    £   
Fees payable to the Company's auditors for the audit of the Company's
financial statements

1,200

1,080

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 1,473,779
NET BOOK VALUE
At 31 December 2023 1,473,779
At 31 December 2022 1,473,779

ELEIKO (UK) LIMITED (REGISTERED NUMBER: 05665340)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. FIXED ASSET INVESTMENTS - continued

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

Charing Way Limited
Registered office: 368 Forest Road, London, E17 5JF
Nature of business: Residential care home
%
Class of shares: holding
Ordinary 100.00
2023 2022
£    £   
Aggregate capital and reserves 1,259,165 1,196,564
Profit for the year 153,601 186,545

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 296 282

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 96,333 96,333
Amounts owed to group undertakings 385,000 245,000
Amounts owed to connected undertakings 135,000 275,000
Other creditors 3,675 1,949
620,008 618,282

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 9) 605,973 658,827

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 273,497

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 96,333 96,333

ELEIKO (UK) LIMITED (REGISTERED NUMBER: 05665340)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


9. LOANS - continued
2023 2022
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 96,333 96,333

Amounts falling due between two and five years:
Bank loans - 2-5 years 509,640 288,997

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 273,497

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 702,306 755,160

The bank loan is secured by way of a fixed and floating charge over all assets of the company and a cross guarantee and debenture with Charing Way Limited.

The bank loan is repayable over the period until November 2027. The rate of interest payable on the debt is 2.80% per annum over the Floating Rate..

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Retained
earnings
£   

At 1 January 2023 213,554
Profit for the year 35,095
At 31 December 2023 248,649

ELEIKO (UK) LIMITED (REGISTERED NUMBER: 05665340)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


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

The Report of the Auditors was unqualified.

Nicholas Jeffrey Klein (Senior Statutory Auditor)
for and on behalf of Klein Evangelou

14. RELATED PARTY DISCLOSURES

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

2023 2022
£    £   
Amounts owed to Group Undertakings (385,000 ) (245,000 )
Amounts owed to Connected Undertakings (135,000 ) (275,000 )


As at balance sheet date, the company owed £135,000 to Charing Care Limited (a connected undertaking) which has agreed not to seek repayment of this debt at any time should it be deemed by the company to restrict its ability to meet its day to day working capital requirements or be to the detriment of any other creditors of the company.

All transactions were made on normal commercial terms.

Related Party Relationship:

Group Undertakings
Charing Holdings 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.

15. POST BALANCE SHEET EVENTS

No significant events are noted after the period ended 31 December 2023 to the date of signing this report.

16. CONTROLLING PARTY

The immediate and ultimate parent undertaking is Charing Holdings Limited. The registered office of Charing
Holdings Limited is 368 Forest Road, London, E17 5JF.