REGISTERED NUMBER: 05665340 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ELEIKO (UK) LIMITED

Page

Statement of Financial Position

1

Notes to the Financial Statements

2

FIXED ASSETS

Investments

5

1,473,779

1,473,779

CURRENT ASSETS

Debtors

6

-

296

Cash at bank

2,048

655

2,048

951

CREDITORS

Amounts falling due within one year

7

559,822

620,008

NET CURRENT LIABILITIES

(557,774

)

(619,057

)

TOTAL ASSETS LESS CURRENT LIABILITIES

916,005

854,722

CREDITORS

Amounts falling due after more than one year

8

550,283

605,973

NET ASSETS

365,722

248,749

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

12

365,622

248,649

SHAREHOLDERS' FUNDS

365,722

248,749

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

Eleiko (UK) 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:

05665340

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.

Preparation of consolidated financial statements

The financial statements contain information about Eleiko (UK) Limited as an individual Company and do not contain consolidated financial information as the parent of a group. The Company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Charing Holdings Limited, 368 Forest Road, London, E17 5JF.

Investments in subsidiaries

Investments in subsidiaries are stated in the balance sheet at cost, less any subsequent accumulated impairment losses.

The cost of investments in subsidiaries includes directly attributable incremental costs incurred in their acquisition.

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, loans to related parties and investments in non-puttable ordinary shares.

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.

Going concern

The company continues with the support of Charing Care Limited (a connected undertaking) the details of which are more fully explained in Related Party Disclosures.

Thus the Directors continue 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 (2023 - NIL).

4.	AUDITORS' REMUNERATION

2024

2023

£

£

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

1,320

1,200

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

1,473,779

NET BOOK VALUE

At 31 December 2024

1,473,779

At 31 December 2023

1,473,779

The Company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Charing Way Limited

Registered office: 368 Forest Road, London, E17 5JF

Nature of business: Residential care home

%

Class of shares:

holding

Ordinary

100.00

2024

2023

£

£

Aggregate capital and reserves

1,387,814

1,259,165

Profit for the year

299,649

153,601

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

-

296

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 9)

96,333

96,333

Amounts owed to group undertakings

460,000

385,000

Amounts owed to connected undertakings

-

135,000

Other creditors

3,489

3,675

559,822

620,008

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 9)

550,283

605,973

9.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank loans

96,333

96,333

Amounts falling due between one and two years:

Bank loans - 1-2 years

96,333

96,333

2024

2023

£

£

Amounts falling due between two and five years:

Bank loans - 2-5 years

453,950

509,640

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

646,616

702,306

The bank loan is secured by way of a fixed and floating charge over all assets of the company and a cross guarantee and debenture with Charing Way Limited.

The bank loan is repayable over the period until November 2027. The rate of interest payable on the debt is 2.80% per annum over the Floating Rate.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

12.

RESERVES

Retained

earnings

£

At 1 January 2024

248,649

Profit for the year

116,973

At 31 December 2024

365,622

13.	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

14.	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

(460,000

)

(385,000

)

Amounts owed to Connected Undertakings

-

(135,000

)

Amounts written off amounts owed to Group Undertakings

1,315

1,487

As at balance sheet date, the company owed £Nil (2023: £135,000) to Charing Care Limited (a connected undertaking) which has agreed not to seek repayment of this debt at any time should it be deemed by the company to restrict its ability to meet its day to day working capital requirements or be to the detriment of any other creditors of the company.

All transactions were made on normal commercial terms.

Related Party Relationship:

Group Undertakings

Charing Holdings Limited

Charing Dale Limited

Charing Way 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.

15.	POST BALANCE SHEET EVENTS

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

16.	CONTROLLING PARTY