REGISTERED NUMBER: 03835072 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

CHARALAMBOUS & CO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

B D Charalambous

P P Charalambous

P Charalambous

SECRETARY:

P P Charalambous

REGISTERED OFFICE:

869 High Road

London

N12 8QA

REGISTERED NUMBER:

03835072 (England and Wales)

ACCOUNTANTS:

AC Partners Professional Services Ltd

Chartered Accountants

869 High Road

London

N12 8QA

FIXED ASSETS

Intangible assets

4

-

1,619

Tangible assets

5

4,561,058

4,638,169

4,561,058

4,639,788

CURRENT ASSETS

Stocks

19,461

17,802

Debtors

6

42,259

71,596

Cash at bank and in hand

724,456

481,709

786,176

571,107

CREDITORS

Amounts falling due within one year

7

383,592

482,161

NET CURRENT ASSETS

402,584

88,946

TOTAL ASSETS LESS CURRENT LIABILITIES

4,963,642

4,728,734

PROVISIONS FOR LIABILITIES

103,056

103,056

NET ASSETS

4,860,586

4,625,678

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

4,860,486

4,625,578

SHAREHOLDERS' FUNDS

4,860,586

4,625,678

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2026 and were signed on its behalf by:

P P Charalambous - Director

1.	STATUTORY INFORMATION

Charalambous & Co 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.

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 derived from the company's principal activities and is stated in the accounts net of value added tax.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being written off evenly over its estimated useful life of twenty years.

Further goodwill, being the amount paid in connection with the acquisition of a new business in 2006, is being written off evenly over its estimated useful life of twenty 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

-

2% on cost

Improvements to property

-

2% on cost

Fixtures and fittings

-

10% on reducing balance

Computer & other equipment

-

25% on reducing balance.

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

FINANCIAL INSTRUMENTS

Financial assets and financial liabilities are recognised in the company's balance sheet when the company becomes a party to the contractual provisions of instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances are initially measured at transaction price including transaction cost and are subsequently carried at amortised cost using the effective interest method.

Impairment

Assets not measured at fair value are reviewed for any indications that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the currying amount would have been, had the impairment not previously been recognised.The impairment reversal is recognised in profit or loss.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including trade and other payables and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at the market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

PROVISIONS

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the account can be reliably estimated.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2024 - 26 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

388,328

AMORTISATION

At 1 November 2024

386,709

Amortisation for year

1,619

At 31 October 2025

388,328

NET BOOK VALUE

At 31 October 2025

-

At 31 October 2024

1,619

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Computer

Freehold

to

and

& other

property

property

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 November 2024

3,211,992

1,530,991

1,175,016

150,854

6,068,853

Additions

-

44,196

-

3,034

47,230

At 31 October 2025

3,211,992

1,575,187

1,175,016

153,888

6,116,083

DEPRECIATION

At 1 November 2024

333,243

243,905

731,103

122,433

1,430,684

Charge for year

35,162

32,596

46,043

10,540

124,341

At 31 October 2025

368,405

276,501

777,146

132,973

1,555,025

NET BOOK VALUE

At 31 October 2025

2,843,587

1,298,686

397,870

20,915

4,561,058

At 31 October 2024

2,878,749

1,287,086

443,913

28,421

4,638,169

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

10,985

54,617

Other debtors

31,274

16,979

42,259

71,596

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

49,718

166,065

Taxation and social security

282,547

260,259

Other creditors

51,327

55,837

383,592

482,161

8.	RELATED PARTY DISCLOSURES

One of the properties where the company operates from is jointly owned by the directors. During the year under review no rent was charged to the company. In the opinion of the directors the current market value rent for this property would be £350,000 per annum.