REGISTERED NUMBER: 05124235 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CHARING DALE LIMITED

Page

Statement of Financial Position

1

Notes to the Financial Statements

2

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

2,242,970

2,292,347

2,242,970

2,292,347

CURRENT ASSETS

Debtors

7

1,995,987

1,672,569

Cash at bank and in hand

231,526

253,908

2,227,513

1,926,477

CREDITORS

Amounts falling due within one year

8

476,518

492,745

NET CURRENT ASSETS

1,750,995

1,433,732

TOTAL ASSETS LESS CURRENT LIABILITIES

3,993,965

3,726,079

CREDITORS

Amounts falling due after more than one year

9

(1,604,704

)

(1,683,410

)

PROVISIONS FOR LIABILITIES

12

(142,222

)

(139,710

)

NET ASSETS

2,247,039

1,902,959

CAPITAL AND RESERVES

Called up share capital

13

100

100

Retained earnings

14

2,246,939

1,902,859

SHAREHOLDERS' FUNDS

2,247,039

1,902,959

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:

Y M Osman - Director

1.	STATUTORY INFORMATION

Charing Dale 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:

05124235

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 2006, 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 the cost less estimated residual value of each asset over its estimated useful life.

Freehold property and improvements

-

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 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 50 (2023 - 43 ) .

4.	AUDITORS' REMUNERATION

2024

2023

£

£

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

8,160

7,680

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

35,000

AMORTISATION

At 1 January 2024

and 31 December 2024

35,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

6.	TANGIBLE FIXED ASSETS

Freehold

Fixtures,

property

fittings

and

and

improvements

equipment

Totals

£

£

£

COST

At 1 January 2024

3,159,007

324,509

3,483,516

Additions

-

34,748

34,748

At 31 December 2024

3,159,007

359,257

3,518,264

DEPRECIATION

At 1 January 2024

915,690

275,479

1,191,169

Charge for year

63,180

20,945

84,125

At 31 December 2024

978,870

296,424

1,275,294

NET BOOK VALUE

At 31 December 2024

2,180,137

62,833

2,242,970

At 31 December 2023

2,243,317

49,030

2,292,347

Included in the cost of Freehold Property are qualifying Plant and Machinery of £785,496 (2023: £785,496) professionally valued in accordance with the Capital Allowances Act 1999.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

59,098

39,957

Amounts owed by group undertakings

1,934,540

1,629,899

Other debtors

2,349

2,713

1,995,987

1,672,569

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 10)

168,234

168,234

Trade creditors

14,544

29,079

Amounts owed to group undertakings

-

8,412

Taxation and social security

105,181

98,024

Other creditors

188,559

188,996

476,518

492,745

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 10)

1,604,704

1,683,410

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

168,234

168,234

Amounts falling due between one and two years:

Bank loans

168,234

168,234

Amounts falling due between two and five years:

Bank loans

1,436,470

1,515,176

11.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

1,772,938

1,851,644

The bank loan is secured by way of a fixed charge over its freehold property shown in tangible fixed assets note and a fixed and floating charge over all assets of the company.

The bank loan is repayable over the period until July 2027. The rate of interest payable on the debt is 2.35% per annum over the Bank Base Rate.

12.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

142,222

139,710

Deferred

tax

£

Balance at 1 January 2024

139,710

Provided during year

2,512

Balance at 31 December 2024

142,222

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

14.

RESERVES

Retained

earnings

£

At 1 January 2024

1,902,859

Profit for the year

394,080

Dividends

(50,000

)

At 31 December 2024

2,246,939

15.	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

16.	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 Group Undertakings

1,934,540

1,629,899

Amounts owed to Group Undertakings

-

8,412

Amounts written off amounts owed by Group Undertakings

115

-

Related Party Relationship:

Group Undertakings:

Charing Holdings Limited

Charing Way Limited

Charing Rose Limited

Eleiko (UK) Limited

17.	POST BALANCE SHEET EVENTS

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

18.	CONTROLLING PARTY