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REGISTERED NUMBER: 10214334 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CHARING INVESTMENTS LIMITED

CHARING INVESTMENTS LIMITED (REGISTERED NUMBER: 10214334)

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










Page

Statement of Financial Position 1

Notes to the Financial Statements 3


CHARING INVESTMENTS LIMITED (REGISTERED NUMBER: 10214334)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,953 13,270
Investments 5 292,499 278,300
Investment property 6 3,375,000 2,903,648
3,677,452 3,195,218

CURRENT ASSETS
Debtors 7 7,901 7,945
Cash at bank 73,823 39,367
81,724 47,312
CREDITORS
Amounts falling due within one year 8 1,312,224 1,306,319
NET CURRENT LIABILITIES (1,230,500 ) (1,259,007 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,446,952

1,936,211

CREDITORS
Amounts falling due after more than one
year

9

(1,571,631

)

(1,597,434

)

PROVISIONS FOR LIABILITIES (104,596 ) -
NET ASSETS 770,725 338,777

CAPITAL AND RESERVES
Called up share capital 12 100 100
Other reserves 356,881 -
Retained earnings 413,744 338,677
SHAREHOLDERS' FUNDS 770,725 338,777

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

CHARING INVESTMENTS LIMITED (REGISTERED NUMBER: 10214334)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


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 24 September 2024 and were signed on its behalf by:





C Osman - Director


CHARING INVESTMENTS LIMITED (REGISTERED NUMBER: 10214334)

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


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 as modified by the revaluation of certain assets.

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.

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 statement of financial position date.


CHARING INVESTMENTS LIMITED (REGISTERED NUMBER: 10214334)

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 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 (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023
and 31 December 2023 37,310
DEPRECIATION
At 1 January 2023 24,040
Charge for year 3,317
At 31 December 2023 27,357
NET BOOK VALUE
At 31 December 2023 9,953
At 31 December 2022 13,270

5. FIXED ASSET INVESTMENTS

2023 2022
£    £   
Shares in group undertakings 100 100
Other investments not loans 292,399 278,200
292,499 278,300

CHARING INVESTMENTS LIMITED (REGISTERED NUMBER: 10214334)

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


5. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 100
NET BOOK VALUE
At 31 December 2023 100
At 31 December 2022 100

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Other investments not loans - Additions 278,200 278,200
Gold Revaluation 14,199 -
292,399 278,200

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
2023 2022
£    £   
Aggregate capital and reserves - (600 )
Loss for the year - (1,017 )

The shares in group undertakings were fully written down by £611,865 to the nominal value of the issued share capital of the subsidiary, in view of it having paid a dividend to the company of £637,000 in the previous accounting year, to therefore reflect the reduced value of the investment after receiving the dividend.

The director has valued other investments at the balance sheet date at their fair value.

CHARING INVESTMENTS LIMITED (REGISTERED NUMBER: 10214334)

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


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 2,903,648
Additions 9,711
Revaluations 461,641
At 31 December 2023 3,375,000
NET BOOK VALUE
At 31 December 2023 3,375,000
At 31 December 2022 2,903,648

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 December 2023 by the Director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 3,375,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 1,883 731
Other debtors-deposit - 3,000
Prepayments 6,018 4,134
Accrued income - 80
7,901 7,945

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 10) 31,650 31,650
Amounts owed to connected undertakings 1,210,579 1,210,579
Taxation and social security 21,394 18,563
Other creditors 48,601 45,527
1,312,224 1,306,319

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 10) 1,571,631 1,597,434

CHARING INVESTMENTS LIMITED (REGISTERED NUMBER: 10214334)

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


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 768,357 768,357

Repayable by instalments
Bank loans more 5 yr by instal 699,924 716,733

10. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 31,650 31,650

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 71,700 80,694

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 768,357 768,357

Repayable by instalments
Bank loans more 5 yr by instal 699,924 716,733

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 2023 2022
value: £    £   
100 Ordinary £1 100 100

CHARING INVESTMENTS LIMITED (REGISTERED NUMBER: 10214334)

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


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:


20232022
£   £   
Amounts owed by/ (to) C Osman (Director)(4,503)(4,293)
Amounts owed by/ (to) Connected Undertakings(1,210,579)(1,210,579)
Amounts owed by/ (to) Group Undertakings1,883731

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.