REGISTERED NUMBER: 05075820 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CHARING VALE LIMITED

Page

Statement of Financial Position

1

Notes to the Financial Statements

2

FIXED ASSETS

Intangible assets

5

1

1

Tangible assets

6

548,769

565,119

548,770

565,120

CURRENT ASSETS

Debtors

7

90,858

93,944

Cash at bank and in hand

853,283

752,272

944,141

846,216

CREDITORS

Amounts falling due within one year

8

199,530

244,411

NET CURRENT ASSETS

744,611

601,805

TOTAL ASSETS LESS CURRENT LIABILITIES

1,293,381

1,166,925

CREDITORS

Amounts falling due after more than one year

9

(25,667

)

(69,667

)

PROVISIONS FOR LIABILITIES

11

(6,774

)

(6,470

)

NET ASSETS

1,260,940

1,090,788

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

13

1,260,840

1,090,688

SHAREHOLDERS' FUNDS

1,260,940

1,090,788

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 Vale 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:

05075820

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.

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

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 21 (2023 - 23 ) .

4.	AUDITORS' REMUNERATION

2024

2023

£

£

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

6,960

6,480

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

1

NET BOOK VALUE

At 31 December 2024

1

At 31 December 2023

1

6.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Freehold

and

property

equipment

Totals

£

£

£

COST

At 1 January 2024

1,130,700

204,897

1,335,597

Additions

-

8,640

8,640

At 31 December 2024

1,130,700

213,537

1,344,237

DEPRECIATION

At 1 January 2024

591,718

178,760

770,478

Charge for year

16,296

8,694

24,990

At 31 December 2024

608,014

187,454

795,468

NET BOOK VALUE

At 31 December 2024

522,686

26,083

548,769

At 31 December 2023

538,982

26,137

565,119

Included in the cost of Freehold Property are qualifying Plant and Machinery of £322,528 (2023: £322,528) professionally valued in accordance with the Capital Allowances Act 1999 and 2001.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

7,909

10,880

Amounts owed by connected undertakings

80,000

80,000

Other debtors

2,949

3,064

90,858

93,944

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 10)

44,000

44,000

Trade creditors

5,878

18,456

Amounts owed to group undertakings

-

12,794

Taxation and social security

50,287

52,189

Other creditors

99,365

116,972

199,530

244,411

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 10)

25,667

69,667

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

44,000

44,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

25,667

44,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

25,667

The Coronavirus Business Interruption Loan Scheme (CBILS) loan of £69,667 (2023: £113,667) and is repayable over the period until June 2026.

The rate of interest payable on the debt is 3.05% per annum over the Bank Base Rate.

11.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

6,774

6,470

Deferred

tax

£

Balance at 1 January 2024

6,470

Provided during year

304

Balance at 31 December 2024

6,774

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

1,090,688

Profit for the year

170,152

At 31 December 2024

1,260,840

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 to Group Undertakings

-

(12,794

)

Amounts owed by Connected Undertakings

80,000

80,000

2024

2023

£

£

Management services charged by Group Undertakings

31,200

27,000

Related Party Relationship:

Group Undertakings:

Charing Gardens Limited

Charing Park Investments Limited

Connected Undertakings:

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.	CONTROLLING PARTY