Charing Vale Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05075820 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

CHARING VALE LIMITED

Page

Statement of Financial Position

1

Notes to the Financial Statements

2

FIXED ASSETS

Intangible assets

5

1

Tangible assets

6

527,459

548,769

527,460

548,770

CURRENT ASSETS

Debtors

7

11,835

90,858

Cash at bank and in hand

132,623

853,283

144,458

944,141

CREDITORS

Amounts falling due within one year

8

164,987

199,530

NET CURRENT (LIABILITIES)/ASSETS

(20,529

)

744,611

TOTAL ASSETS LESS CURRENT
LIABILITIES

506,931

1,293,381

CREDITORS

Amounts falling due after more than one
year

9

-

(25,667

)

PROVISIONS FOR LIABILITIES

11

(5,801

)

(6,774

)

NET ASSETS

501,130

1,260,940

CAPITAL AND RESERVES

Called up share capital

12

100

Retained earnings

13

501,030

1,260,840

SHAREHOLDERS' FUNDS

501,130

1,260,940

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 18 September 2026 and were signed on its behalf by:

S 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.

Going concern

The company continues with the support of Charing Care Limited (a connected undertaking, the details of which are set out in the Related Party Disclosures) and will not allow any of its creditors to suffer as a result of the Directors' decision to allow the company to continue to trade under the circumstances.

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 23 (2024 - 21 ) .

4.	AUDITORS' REMUNERATION

2025

2024

£

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

7,320

6,960

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

1

NET BOOK VALUE

At 31 December 2025

1

At 31 December 2024

1

6.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Freehold

and

property

equipment

Totals

£

COST

At 1 January 2025

1,130,700

213,537

1,344,237

Additions

-

2,010

At 31 December 2025

1,130,700

215,547

1,346,247

DEPRECIATION

At 1 January 2025

608,014

187,454

795,468

Charge for year

16,296

7,024

23,320

At 31 December 2025

624,310

194,478

818,788

NET BOOK VALUE

At 31 December 2025

506,390

21,069

527,459

At 31 December 2024

522,686

26,083

548,769

Included in the cost of Freehold Property are qualifying Plant and Machinery of £322,528 (2024: £322,528) professionally valued in accordance with the Capital Allowances Act 1999 and 2001.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

8,150

7,909

Amounts owed by connected undertakings

-

80,000

Other debtors

3,685

2,949

11,835

90,858

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts (see note 10)

-

44,000

Trade creditors

21,629

5,878

Taxation and social security

38,150

50,287

Other creditors

105,208

99,365

164,987

199,530

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans (see note 10)

-

25,667

10.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

Amounts falling due within one year or on demand:

Bank loans

-

44,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

25,667

The Coronavirus Business Interruption Loan Scheme (CBILS) loan of £Nil (2024: £69,667) was repaid during the year.

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

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

5,801

6,774

Deferred

tax

£

Balance at 1 January 2025

6,774

Provided during year

(973

)

Balance at 31 December 2025

5,801

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary

£1

100

13.

RESERVES

Retained

earnings

£

At 1 January 2025

1,260,840

Profit for the year

157,634

Dividends

(917,444

)

At 31 December 2025

501,030

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:

2025

2024

£

Amounts owed by Connected Undertakings

-

80,000

2025

2024

£

Management services charged by Group Undertakings

31,200

Related Party Relationship:

Group Undertakings:

Charing Gardens Limited (until 31/12/2025)

Connected Undertakings:

CHC Assets Ltd

Connected Undertakings

A company having the same or predominantly the same shareholders and/or board of directors but which is neither a parent, subsidiary, fellow subsidiary nor associated company.

16.	POST BALANCE SHEET EVENTS

No significant events are noted after the period ended 31 December 2025 to the date of signing this report.

17.	CONTROLLING PARTY

The company was previously a wholly owned subsidiary of Charing Care Limited. On 31 December 2025, Charing Care Limited disposed of its entire shareholding in the company to Charing Capital Ltd, a company owned equally by C E Osman and S Osman, both of whom are directors of the company. Accordingly, as at 31 December 2025, Charing Capital Ltd held 100% of the company's ordinary shares and is the company's immediate and ultimate parent undertaking.

The registered office of Charing Capital Ltd is 368 Forest Road, London, E17 5JF.