REGISTERED NUMBER: 05124236 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

CHARING GARDENS LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Statement of Directors' Responsibilities

5

Report of the Independent Auditors

6

Statement of Income and Retained Earnings

10

Statement of Financial Position

11

Notes to the Financial Statements

12

DIRECTORS:

C Osman

C E Osman

S Osman

REGISTERED OFFICE:

368 Forest Road

London

E17 5JF

REGISTERED NUMBER:

05124236 (England and Wales)

SENIOR STATUTORY AUDITOR:

Nicholas Jeffrey Klein

AUDITORS:

Klein Evangelou

Chartered Certified Accountants

368 Forest Road

London

E17 5JF

The directors present their strategic report for the year ended 31 December 2025.

REVIEW OF BUSINESS

The principal activity of the company during the year was to own and manage a residential care home for the elderly.

The company operated in line with expectations. Sales, gross profit and profit before tax increased/ (decreased) by £336,696, £(96,040) and £(136,729) respectively in 2025. Turnover increased due to a mixture of increased demand occupancy level and rate increases. The reduction in gross profit and profit before tax is due to increased direct costs and overheads in line with the industry.

Both the level of business and the year end financial position were satisfactory and the directors expect that the general level of activity will be sustained for the foreseeable future.

PRINCIPAL RISKS AND UNCERTAINTIES

The company faces a number of risks and uncertainties and the directors believe that the key business risks are summarised below. In view of these risks and uncertainties, the directors are aware that the development of the company may be affected by factors outside their control.

Competitive risks

The senior living sector is a growing market and competition from both national and local care home providers is forever prevalent. If a competitor develops a home in the location of the company this may have an impact on occupancy and the potential revenue generation at that home. The directors are confident that the positioning of the brand and offering, the quality of buildings, market leading care provision plus the demographics of the ageing population will protect future income streams for the company.

Legislative risks

The care home from which the company earns revenue is subject to licensing and inspection from the Care Quality Commission (CQC). The directors recognise that as regulations continue to change and evolve this may have the potential to impact the revenue of the home if an inspection leads to a negative report. However, the directors are confident that the strength of the internal care governance procedures and quality of management put in place by the company will have a positive impact on overall CQC compliance over the long term such that the regulatory landscape will not have a material impact on the company's revenue.

Financial risk management

The company has a normal level of exposure to price, credit, liquidity and cash flow risks arising from trading activities which are largely conducted in sterling. The company does not enter into any formally designated hedging arrangements.

The company continues to be financed from the sources shown within the financial statements including third party lenders and continues to be required to meet their ongoing lending requirements, in the normal way. The company does not use financial instruments to hedge against interest rate risks.

FUTURE DEVELOPMENTS

The directors anticipate the business environment will remain competitive and believe that the company is in a good financial position and that the risks that have been identified are being well managed.

The company continues to benefit from good levels of activity in the market. The focus of the business will be on maintaining and developing the existing care home.

EMPLOYEE INVOLVEMENT

The skill and support from its employees is extremely important to the company. The directors acknowledge the importance of good communications and employee relations and the company devotes time and effort ensuring that all employees are well informed about those aspects of its business which may affect them. Employees are briefed on all matters relevant to their areas of operation and their views are sought and taken into account. The company remains committed to employee involvement and equal opportunity.

FINANCIAL KEY PERFORMANCE INDICATORS

The Company's key financial performance indicators during the year were as follows:

Unit

2025

2024

Turnover

£

7,798,815

7,462,119

Gross profit margin

%

34

37

Profit before tax

£

1,353,255

1,489,984

Other performance indicators such as occupancy, staffing and other operating expenses are monitored closely by the Directors.

ON BEHALF OF THE BOARD:

C Osman - Director

18 September 2026

The directors present their report with the financial statements of the Company for the year ended 31 December 2025.

DIVIDENDS

The total distribution of dividends for the year ended 31 December 2025 was £2,000,000 (2024: £Nil).

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

C Osman

C E Osman

S Osman

FINANCIAL INSTRUMENTS

The company has a normal level of exposure to price, credit, liquidity and cash flow risks arising from trading activities which are largely conducted in sterling. The company does not enter into any formally designated hedging arrangements.

DISABLED EMPLOYEES

Applications for employment by disabled persons are always fully considered, bearing in mind the abilities of the applicant concerned. In the event of members of staff becoming disabled every effort is made to ensure that their employment with the company continues and that appropriate training is arranged. It is the policy of the company that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.

DISCLOSURE IN THE STRATEGIC REPORT

The principal activity of the company, a business review, likely future developments, description of employee involvement policies and the principal risks and uncertainties facing the company have not been included in this report as they are disclosed in the strategic report.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the Company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

AUDITORS

The auditors, Klein Evangelou, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

C Osman - Director

18 September 2026

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Opinion

We have audited the financial statements of Charing Gardens Limited (the 'Company') for the year ended 31 December 2025 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the Company's affairs as at 31 December 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report, the Report of the Directors and the Statement of Directors' Responsibilities, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the company and the care services sector, we identified that the principal risks of non-compliance with laws and regulations related to Care Act 2014, Care Quality Commission (CQC) regulations, UK tax legislation, pensions legislation, employment and health and safety regulation, fire safety, anti-bribery, corruption and fraud, regulation regarding professional responsibilities and, money laundering and we considered the extent to which non-compliance might have a material effect on the financial statements. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the directors and other management and inspection of regulatory and legal correspondence, if any. Therefore, if a breach of operational regulations is not disclosed to us or evident from relevant correspondence, an audit will not detect that breach. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006.

We evaluated the directors' and management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to the risk that management may be in a position to make inappropriate accounting entries, management bias through judgements and assumptions in significant accounting estimates, in particular in relation to revenue recognition, and significant one-off or unusual transactions.

Our audit procedures were designed to respond to those identified risks, including non-compliance with laws and regulations (irregularities) and fraud that are material to the financial statements. Our audit procedures included

but were not limited to:

- Discussing with the directors and management their policies and procedures regarding compliance with laws and regulations;

- Communicating identified laws and regulations throughout our engagement team and remaining alert to any indications of non-compliance throughout our audit; and

- Considering the risk of acts by the company which were contrary to the applicable laws and regulations, including fraud.

Our audit procedures in relation to fraud included but were not limited to:

- Making enquiries of the directors and management on whether they had knowledge of any actual, suspected or alleged fraud;

- Gaining an understanding of the internal controls established to mitigate risks related to fraud;

- Discussing amongst the engagement team the risks of fraud; and

- Addressing the risks of fraud through management override of controls by performing journal entry testing.

The primary responsibility for the prevention and detection of irregularities including fraud rests with management. Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Nicholas Jeffrey Klein (Senior Statutory Auditor)

for and on behalf of Klein Evangelou

Chartered Certified Accountants

368 Forest Road

London

E17 5JF

18 September 2026

TURNOVER

7,798,815

7,462,119

Cost of sales

(5,130,119

)

(4,697,383

)

GROSS PROFIT

2,668,696

2,764,736

Administrative expenses

(1,184,523

)

(1,088,091

)

1,484,173

1,676,645

Other operating income

2

241,597

240,504

OPERATING PROFIT

4

1,725,770

1,917,149

Interest receivable and similar income

32,110

52,358

1,757,880

1,969,507

Interest payable and similar expenses

6

(404,625

)

(479,523

)

PROFIT BEFORE TAXATION

1,353,255

1,489,984

Tax on profit

7

(345,723

)

(377,423

)

PROFIT FOR THE FINANCIAL YEAR

1,007,532

1,112,561

Retained earnings at beginning of year

2,378,833

1,266,272

Dividends

8

(2,000,000

)

-

RETAINED EARNINGS AT END OF YEAR

1,386,365

2,378,833

FIXED ASSETS

Tangible assets

9

4,553,949

4,668,630

CURRENT ASSETS

Debtors

10

1,953,621

1,830,289

Cash at bank and in hand

3,194,828

3,069,560

5,148,449

4,899,849

CREDITORS

Amounts falling due within one year

11

8,020,398

1,851,470

NET CURRENT (LIABILITIES)/ASSETS

(2,871,949

)

3,048,379

TOTAL ASSETS LESS CURRENT LIABILITIES

1,682,000

7,717,009

CREDITORS

Amounts falling due after more than one year

12

-

(5,051,656

)

PROVISIONS FOR LIABILITIES

15

(295,535

)

(286,420

)

NET ASSETS

1,386,465

2,378,933

CAPITAL AND RESERVES

Called up share capital

16

100

100

Retained earnings

17

1,386,365

2,378,833

SHAREHOLDERS' FUNDS

1,386,465

2,378,933

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:

C Osman - Director

1.	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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirement of paragraph 3.17(d);

•

the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

•

the requirement of paragraph 33.7.

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.

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

Fixtures, fittings and equipment

-

15% 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 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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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

At 31 December 2025, the company had net current liabilities of £2,872,069, which included bank borrowings of £5,475,871 that were due for repayment in June 2026. Subsequent to the year end, in June 2026, the company's bank loan facility was renewed.

The directors have considered the company's financial position and available financing facilities and are satisfied that the company has adequate resources to meet its liabilities as they fall due for a period of at least twelve months from the date of approval of these financial statements. The company also continues to have the financial support of its immediate and ultimate parent undertaking, Charing Care Limited.

Thus the directors consider it appropriate to prepare the financial statements on the going concern basis.

2.	OTHER OPERATING INCOME

2025

2024

£

£

Management fees receivable

240,504

240,504

Other operating income

1,093

-

241,597

240,504

3.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

4,518,838

4,229,567

Social security costs

429,272

283,212

Other pension costs

74,835

61,173

5,022,945

4,573,952

The average number of employees during the year was as follows:

2025

2024

Carers and assistants

176

175

Administrative

6

6

Managers

5

5

187

186

2025

2024

£

£

Directors' remuneration

67,000

31,607

4.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Hire of plant and machinery

2,021

1,075

Depreciation - owned assets

159,060

162,446

5.	AUDITORS' REMUNERATION

2025

2024

£

£

Fees payable to the Company’s auditor for the audit of the Company

14,880

13,920

Fees payable to the Company’s auditor for other services:

- All other non-audit services

4,275

2,862

Total amount payable to the Company's auditor

19,155

16,782

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Bank loan interest

402,185

478,550

Other interest

2,440

973

404,625

479,523

7.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

336,608

362,321

Deferred tax

9,115

15,102

Tax on profit

345,723

377,423

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2025

2024

£

£

Profit before tax

1,353,255

1,489,984

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

338,314

372,496

Effects of:

Expenses not deductible for tax purposes

270

-

Capital allowances in excess of depreciation

-

(5,111

)

Depreciation in excess of capital allowances

876

-

Utilisation of tax losses

(2,852

)

(5,064

)

Deferred tax

9,115

15,102

Total tax charge

345,723

377,423

Factors that may affect future tax charges

The main UK Corporation Tax rate of 25% has been used throughout and the deferred tax balances have been calculated using the same rate.

8.

DIVIDENDS

2025

2024

£

£

Interim

2,000,000

-

9.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Freehold

and

property

equipment

Totals

£

£

£

COST

At 1 January 2025

4,774,635

1,533,400

6,308,035

Additions

-

44,379

44,379

At 31 December 2025

4,774,635

1,577,779

6,352,414

DEPRECIATION

At 1 January 2025

485,403

1,154,002

1,639,405

Charge for year

95,493

63,567

159,060

At 31 December 2025

580,896

1,217,569

1,798,465

NET BOOK VALUE

At 31 December 2025

4,193,739

360,210

4,553,949

At 31 December 2024

4,289,232

379,398

4,668,630

Included in the cost attributed to the Freehold property are qualifying Plant and Machinery of £3,682,162 (2024: £3,682,162) professionally valued in accordance with the Capital Allowances Act 2001.

10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

445,082

388,249

Amounts owed by connected undertakings

1,495,000

1,429,200

Prepayments

13,539

12,840

1,953,621

1,830,289

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 13)

5,475,871

787,206

Trade creditors

61,282

58,950

Amounts owed to group undertakings

1,440,800

-

Tax

146,234

178,590

Social security and other taxes

128,902

95,042

Other creditors

527,437

481,835

Accruals

45,652

44,638

Fees received in advance

194,220

205,209

8,020,398

1,851,470

12.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 13)

-

5,051,656

13.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

5,475,871

787,206

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

5,051,656

14.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

5,475,871

5,838,862

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 June 2026. The rate of interest payable on the debt is 2.85% per annum over the Bank Base Rate.

15.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

295,535

286,420

Deferred

tax

£

Balance at 1 January 2025

286,420

Provided during year

9,115

Balance at 31 December 2025

295,535

16.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

17.

RESERVES

Retained

earnings

£

At 1 January 2025

2,378,833

Profit for the year

1,007,532

Dividends

(2,000,000

)

At 31 December 2025

1,386,365

18.	ULTIMATE PARENT COMPANY