REGISTERED NUMBER: 04554917 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CHARING HILL LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Statement of Directors' Responsibilities

5

Report of the Independent Auditors

6

Statement of Income and Retained Earnings

10

Statement of Financial Position

11

Statement of Cash Flows

13

Notes to the Statement of Cash Flows

14

Notes to the Financial Statements

15

DIRECTORS:

C Osman

C E Osman

S Osman

REGISTERED OFFICE:

368 Forest Road

London

E17 5JF

REGISTERED NUMBER:

04554917 (England and Wales)

SENIOR STATUTORY AUDITOR:

Nicholas Jeffrey Klein

AUDITORS:

Klein Evangelou

Chartered Certified Accountants

368 Forest Road

London

E17 5JF

The directors present their strategic report for the year ended 31 December 2024.

REVIEW OF BUSINESS

The principal activity of the company during the year was to own and manage a residential care home for the elderly.

The company operated in line with expectations. Sales, gross profit and profit before tax increased/ (decreased) by £263,181, £19,681 and £8,322 respectively in 2024 reflecting the continued demand for the company's services.

Both the level of business and the year end financial position were satisfactory and the directors expect that the general level of activity will be sustained for the foreseeable future.

PRINCIPAL RISKS AND UNCERTAINTIES

The company faces a number of risks and uncertainties and the directors believe that the key business risks are summarised below. In view of these risks and uncertainties, the directors are aware that the development of the company may be affected by factors outside their control.

Competitive risks

The senior living sector is a growing market and competition from both national and local care home providers is forever prevalent. If a competitor develops a home in the location of the company this may have an impact on occupancy and the potential revenue generation at that home. The directors are confident that the positioning of the brand and offering, the quality of buildings, market leading care provision plus the demographics of the ageing population will protect future income streams for the company.

Legislative risks

The care home from which the company earns revenue is subject to licensing and inspection from the Care Quality Commission (CQC). The directors recognise that as regulations continue to change and evolve this may have the potential to impact the revenue of the home if an inspection leads to a negative report. However, the directors are confident that the strength of the internal care governance procedures and quality of management put in place by the company will have a positive impact on overall CQC compliance over the long term such that the regulatory landscape will not have a material impact on the company's revenue.

Financial risk management

The company has a normal level of exposure to price, credit, liquidity and cash flow risks arising from trading activities which are largely conducted in sterling. The company does not enter into any formally designated hedging arrangements.

The company continues to be financed from the sources shown within the financial statements including third party lenders and continues to be required to meet their ongoing lending requirements, in the normal way. The company does not use financial instruments to hedge against interest rate risks.

FUTURE DEVELOPMENTS

The directors anticipate the business environment will remain competitive and believes that the company is in a good financial position and that the risks that have been identified are being well managed, including any ongoing risks associated with Covid-19.

The company continues to benefit from good levels of activity in the market. The focus of the business will be on maintaining and developing the existing care home.

EMPLOYEE INVOLVEMENT

The skill and support from its employees is extremely important to the company. The directors acknowledge the importance of good communications and employee relations and the company devotes time and effort ensuring that all employees are well informed about those aspects of its business which may affect them. Employees are briefed on all matters relevant to their areas of operation and their views are sought and taken into account. The company remains committed to employee involvement and equal opportunity.

FINANCIAL KEY PERFORMANCE INDICATORS

The Group's key financial and other performance indicators during the year were as follows:

Unit

2024

2023

Turnover

£

2,956,140

2,692,959

Gross profit margin

%

41

44

Profit before tax

£

725,238

716,916

Other performance indicators such as occupancy, staffing and other operating expenses are monitored closely by the Directors.

ON BEHALF OF THE BOARD:

C Osman - Director

7 August 2025

The directors present their report with the financial statements of the Company for the year ended 31 December 2024.

DIVIDENDS

The total distribution of dividends for the year ended 31 December 2024 was £173,000 (2023:£643,650).

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

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

C Osman

C E Osman

S Osman

FINANCIAL INSTRUMENTS

The company has a normal level of exposure to price, credit, liquidity and cash flow risks arising from trading activities which are largely conducted in sterling. The company does not enter into any formally designated hedging arrangements.

DISABLED EMPLOYEES

Applications for employment by disabled persons are always fully considered, bearing in mind the abilities of the applicant concerned. In the event of members of staff becoming disabled every effort is made to ensure that their employment with the company continues and that appropriate training is arranged. It is the policy of the company that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.

DISCLOSURE IN THE STRATEGIC REPORT

The principal activity of the company, a business review, likely future developments, description of employee involvement policies, financial instruments and the principal risks and uncertainties facing the company have not been included in this report as they are disclosed in the strategic report.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the Company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

AUDITORS

The auditors, Klein Evangelou, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

C Osman - Director

7 August 2025

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Opinion

We have audited the financial statements of Charing Hill Limited (the 'Company') for the year ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position, Statement of Cash Flows and Notes to the Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the Company's affairs as at 31 December 2024 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

However, as we cannot predict all future events or conditions and as subsequent events may result in outcomes that are inconsistent with judgements that were reasonable at the time they were made, the above conclusions are not a guarantee that the Company will continue in operation.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report, the Report of the Directors and the Statement of Directors' Responsibilities, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the company and the care services sector, we identified that the principal risks of non-compliance with laws and regulations related to Care Act 2014, Care Quality Commission (CQC) regulations, UK tax legislation, pensions legislation, employment and health and safety regulation, fire safety, anti-bribery, corruption and fraud, regulation regarding professional responsibilities and, money laundering and we considered the extent to which non-compliance might have a material effect on the financial statements. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the directors and other management and inspection of regulatory and legal correspondence, if any. Therefore, if a breach of operational regulations is not disclosed to us or evident from relevant correspondence, an audit will not detect that breach. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006.

We evaluated the directors' and management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to the risk that management may be in a position to make inappropriate accounting entries, management bias through judgements and assumptions in significant accounting estimates, in particular in relation to revenue recognition, and significant one-off or unusual transactions.

Our audit procedures were designed to respond to those identified risks, including non-compliance with laws and regulations (irregularities) and fraud that are material to the financial statements. Our audit procedures included

but were not limited to:

- Discussing with the directors and management their policies and procedures regarding compliance with laws and regulations;

- Communicating identified laws and regulations throughout our engagement team and remaining alert to any indications of non-compliance throughout our audit; and

- Considering the risk of acts by the company which were contrary to the applicable laws and regulations, including fraud.

Our audit procedures in relation to fraud included but were not limited to:

- Making enquiries of the directors and management on whether they had knowledge of any actual, suspected or alleged fraud;

- Gaining an understanding of the internal controls established to mitigate risks related to fraud;

- Discussing amongst the engagement team the risks of fraud; and

- Addressing the risks of fraud through management override of controls by performing journal entry testing.

The primary responsibility for the prevention and detection of irregularities including fraud rests with management. Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Nicholas Jeffrey Klein (Senior Statutory Auditor)

for and on behalf of Klein Evangelou

Chartered Certified Accountants

368 Forest Road

London

E17 5JF

7 August 2025

TURNOVER

2,956,140

2,692,959

Cost of sales

(1,752,512

)

(1,509,012

)

GROSS PROFIT

1,203,628

1,183,947

Administrative expenses

(339,916

)

(311,094

)

863,712

872,853

Other operating income

3

600

2,400

OPERATING PROFIT

5

864,312

875,253

Interest receivable and similar income

44,022

14,907

908,334

890,160

Interest payable and similar expenses

7

(183,096

)

(173,244

)

PROFIT BEFORE TAXATION

725,238

716,916

Tax on profit

8

(193,927

)

(180,505

)

PROFIT FOR THE FINANCIAL YEAR

531,311

536,411

Retained earnings at beginning of year

4,735,594

4,842,833

Dividends

9

(173,000

)

(643,650

)

RETAINED EARNINGS AT END OF YEAR

5,093,905

4,735,594

FIXED ASSETS

Intangible assets

10

-

-

Tangible assets

11

2,082,801

2,150,400

2,082,801

2,150,400

CURRENT ASSETS

Debtors

12

3,761,947

3,051,943

Cash at bank and in hand

2,219,671

2,657,977

5,981,618

5,709,920

CREDITORS

Amounts falling due within one year

13

548,349

633,149

NET CURRENT ASSETS

5,433,269

5,076,771

TOTAL ASSETS LESS CURRENT LIABILITIES

7,516,070

7,227,171

CREDITORS

Amounts falling due after more than one year

14

(2,351,586

)

(2,420,210

)

PROVISIONS FOR LIABILITIES

17

(70,479

)

(71,267

)

NET ASSETS

5,094,005

4,735,694

CAPITAL AND RESERVES

Called up share capital

18

100

100

Retained earnings

19

5,093,905

4,735,594

SHAREHOLDERS' FUNDS

5,094,005

4,735,694

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2025 and were signed on its behalf by:

C Osman - Director

Cash flows from operating activities

Cash generated from operations

1

968,754

1,001,339

Interest paid

(183,096

)

(173,244

)

Tax paid

(273,445

)

(96,381

)

Net cash from operating activities

512,213

731,714

Cash flows from investing activities

Purchase of tangible fixed assets

(22,917

)

(135,229

)

Interest received

44,022

14,907

Net cash from investing activities

21,105

(120,322

)

Cash flows from financing activities

Loans to connected undertakings

(730,000

)

(1,359,636

)

Loan repayments in year

(68,624

)

(68,327

)

Equity dividends paid

(173,000

)

(643,650

)

Net cash from financing activities

(971,624

)

(2,071,613

)

Decrease in cash and cash equivalents

(438,306

)

(1,460,221

)

Cash and cash equivalents at beginning of year

2

2,657,977

4,118,198

Cash and cash equivalents at end of year

2

2,219,671

2,657,977

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024

2023

£

£

Profit before taxation

725,238

716,916

Depreciation charges

90,516

91,884

Finance costs

183,096

173,244

Finance income

(44,022

)

(14,907

)

954,828

967,137

Decrease/(increase) in trade and other debtors

19,996

(18,189

)

(Decrease)/increase in trade and other creditors

(6,070

)

52,391

Cash generated from operations

968,754

1,001,339

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 31 December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

2,219,671

2,657,977

Year ended 31 December 2023

31.12.23

1.1.23

£

£

Cash and cash equivalents

2,657,977

4,118,198

3.	ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)

At 1.1.24

Cash flow

At 31.12.24

£

£

£

Net cash

Cash at bank and in hand

2,657,977

(438,306

)

2,219,671

2,657,977

(438,306

)

2,219,671

Debt

Debts falling due within 1 year

(183,612

)

-

(183,612

)

Debts falling due after 1 year

(2,420,210

)

68,624

(2,351,586

)

(2,603,822

)

68,624

(2,535,198

)

Total

54,155

(369,682

)

(315,527

)

1.	STATUTORY INFORMATION

Charing Hill Limited is a private company, limited by shares , registered in England and Wales. 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" 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 2003, has been fully amortised.

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

-

2% on cost

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 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.

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.	OTHER OPERATING INCOME

2024

2023

£

£

Government grants

600

2,400

4.	EMPLOYEES AND DIRECTORS

2024

2023

£

£

Wages and salaries

1,317,926

1,141,683

Social security costs

105,257

86,074

Other pension costs

15,019

13,175

1,438,202

1,240,932

The average number of employees during the year was as follows:

2024

2023

Care assistants

55

56

Management and administration

4

2

59

58

2024

2023

£

£

Directors' remuneration

-

-

5.	OPERATING PROFIT

The operating profit is stated after charging:

2024

2023

£

£

Depreciation - owned assets

90,516

91,885

6.	AUDITORS' REMUNERATION

2024

2023

£

£

Fees payable to the Company’s auditor for the audit of the Company

8,880

8,400

Fees payable to the Company’s auditor for other services:

- All other non-audit services

3,942

2,175

Total amount payable to the Company's auditor

12,822

10,575

7.

INTEREST PAYABLE AND SIMILAR EXPENSES

2024

2023

£

£

Bank loan interest

183,096

173,244

8.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2024

2023

£

£

Current tax:

UK corporation tax

194,600

177,446

Interest on Tax

115

-

Total current tax

194,715

177,446

Deferred tax

(788

)

3,059

Tax on profit

193,927

180,505

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024

2023

£

£

Profit before tax

725,238

716,916

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2023 - 23.520%)

181,310

168,619

Effects of:

Depreciation in excess of capital allowances

13,227

8,827

Deferred tax

(788

)

3,059

Interest received on tax overpaid

115

-

Adjustments in respect of previous period

63

-

Total tax charge

193,927

180,505

Factors that may affect future tax charges

The main UK Corporation Tax rate of 25% has been used throughout and the deferred tax balances have been calculated using the same rate.

9.

DIVIDENDS

2024

2023

£

£

Interim

173,000

643,650

10.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

296,000

AMORTISATION

At 1 January 2024

and 31 December 2024

296,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

11.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Freehold

and

property

equipment

Totals

£

£

£

COST

At 1 January 2024

3,174,746

628,345

3,803,091

Additions

-

22,917

22,917

At 31 December 2024

3,174,746

651,262

3,826,008

DEPRECIATION

At 1 January 2024

1,109,515

543,176

1,652,691

Charge for year

63,495

27,021

90,516

At 31 December 2024

1,173,010

570,197

1,743,207

NET BOOK VALUE

At 31 December 2024

2,001,736

81,065

2,082,801

At 31 December 2023

2,065,231

85,169

2,150,400

Included in the cost of Freehold Property are qualifying Plant and Machinery of £687,109 professionally valued in accordance with the Capital Allowances Act 2001.

12.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

20,197

39,728

Amounts owed by connected undertakings

3,739,636

3,009,636

Prepayments

2,114

2,579

3,761,947

3,051,943

13.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 15)

183,612

183,612

Trade creditors

13,236

10,017

Tax

98,652

177,382

Social security and other taxes

27,675

24,772

Wages control account

96,595

92,706

Other creditors

70,453

79,123

Accruals

44,437

43,390

Fees received in advance

13,689

22,147

548,349

633,149