REGISTERED NUMBER: 03731210 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CHARING COURT INVESTMENTS LIMITED

Page

Statement of Financial Position

1

Notes to the Financial Statements

2

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

1,057,076

805,077

1,057,076

805,077

CURRENT ASSETS

Debtors

7

131,038

533,635

Cash at bank

1,265,662

1,412,729

1,396,700

1,946,364

CREDITORS

Amounts falling due within one year

8

1,325,353

365,898

NET CURRENT ASSETS

71,347

1,580,466

TOTAL ASSETS LESS CURRENT LIABILITIES

1,128,423

2,385,543

CREDITORS

Amounts falling due after more than one year

9

(28,584

)

(77,584

)

PROVISIONS FOR LIABILITIES

11

(25,462

)

(27,350

)

NET ASSETS

1,074,377

2,280,609

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

13

1,074,277

2,280,509

SHAREHOLDERS' FUNDS

1,074,377

2,280,609

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 25 September 2025 and were signed on its behalf by:

C Osman - Director

1.	STATUTORY INFORMATION

Charing Court 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:

03731210

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.

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised.

Care related services

Turnover from a contract to provide care related services is recognised in the period in which services are provided on an accruals basis. Turnover recognised is dependent upon the type of care and funding that a resident receives. Any fees invoiced in advance are included within deferred income until the service is completed.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2000, has been amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets

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

Freehold property

-

Straight line over 50 years

Improvements to property

-

Straight line over 50 years

Fixtures, fittings and equipment

-

25% on reducing balance

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 and loans to related parties.

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.

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.

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 41 (2023 - 40 ) .

4.	AUDITORS' REMUNERATION

2024

2023

£

£

Fees payable to the Company's auditors for the audit of the Company's financial statements

7,680

7,320

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

9,000

AMORTISATION

At 1 January 2024

and 31 December 2024

9,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

6.	TANGIBLE FIXED ASSETS

Fixtures,

Improvements

fittings

Freehold

to

and

property

property

equipment

Totals

£

£

£

£

COST

At 1 January 2024

534,527

738,644

549,573

1,822,744

Additions

-

288,838

10,141

298,979

At 31 December 2024

534,527

1,027,482

559,714

2,121,723

DEPRECIATION

At 1 January 2024

271,592

249,316

496,759

1,017,667

Charge for year

10,691

20,550

15,739

46,980

At 31 December 2024

282,283

269,866

512,498

1,064,647

NET BOOK VALUE

At 31 December 2024

252,244

757,616

47,216

1,057,076

At 31 December 2023

262,935

489,328

52,814

805,077

Included in the cost of Freehold Property and Improvements are qualifying Plant and Machinery of £125,159 (2023: £125,159) professionally valued in accordance with the Capital Allowances Act 1999.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

129,184

35,248

Amounts owed by connected undertakings

-

490,000

Other debtors

1,854

8,387

131,038

533,635

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 10)

49,000

49,000

Trade creditors

12,545

13,366

Amounts owed to connected undertakings

1,010,000

-

Taxation and social security

103,383

115,314

Other creditors

150,425

188,218

1,325,353

365,898

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 10)

28,584

77,584

10.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank loans

49,000

49,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

28,584

49,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

28,584

The Coronavirus Business Interruption Loan Scheme (CBILS) loan of £77,584 (2023: £126,584) is repayable over the period until June 2026.

The rate of interest payable on the debt is 2.71% per annum over the Bank Base Rate.

11.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

Accelerated capital allowances

25,462

27,350

Deferred

tax

£

Balance at 1 January 2024

27,350

Provided during year

(1,888

)

Balance at 31 December 2024

25,462

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

13.

RESERVES

Retained

earnings

£

At 1 January 2024

2,280,509

Profit for the year

376,618

Dividends

(1,582,850

)

At 31 December 2024

1,074,277

14.	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

15.	RELATED PARTY DISCLOSURES

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

2024

2023

£

£

Amounts owed by Connected Undertakings

-

490,000

Amounts owed to Connected Undertakings

1,010,000

-

2024

2023

£

£

Management services charged by Connected Undertakings

48,096

41,622

Related Party Relationship:

Connected Undertakings

Charing Gardens Limited

CHC Assets Ltd

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.

16.	POST BALANCE SHEET EVENTS

No significant events are noted after the period ended 31 December 2024 to the date of signing this report.

17.	ULTIMATE CONTROLLING PARTY

The controlling party is C Osman.