Charkos UK Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05626155 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2025

for

Charkos UK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr S Baliyan

Dr S K Baliyan

R D McGregor

REGISTERED OFFICE:

2 Days-Pottles Lane

Exminster

Exeter

Devon

EX6 8DG

REGISTERED NUMBER:

05626155 (England and Wales)

FIXED ASSETS

Tangible assets

4

189,411

969,381

Investments

5

1,630

Investment property

6

900,000

-

1,091,041

971,011

CURRENT ASSETS

Debtors

7

755,928

1,208,193

Cash at bank

44,780

1,515

800,708

1,209,708

CREDITORS

Amounts falling due within one year

8

2,092,302

1,547,665

NET CURRENT LIABILITIES

(1,291,594

)

(337,957

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(200,553

)

633,054

CREDITORS

Amounts falling due after more than one
year

9

471,033

469,473

NET (LIABILITIES)/ASSETS

(671,586

)

163,581

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

(672,586

)

162,581

(671,586

)

163,581

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 8 October 2026 and were signed on its behalf by:

Dr S Baliyan - Director

Dr S K Baliyan - Director

1.	STATUTORY INFORMATION

Charkos UK 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 straight line basis

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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

The financial statements have been prepared on the going concern basis. In assessing the appropriateness of this basis, the directors have considered the company's financial position, cash flow forecasts and available sources of funding. The directors are satisfied that the company will be able to meet its liabilities as they fall due for the foreseeable future. The company continues to receive financial support from its parent company, which has indicated its intention to provide such support as necessary. Accordingly, the directors consider it appropriate to prepare the financial statements on the going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

COST

At 1 November 2024

948,780

14,663

4,257

24,816

992,516

Reclassification/transfer

(774,820

)

-

(774,820

)

At 31 October 2025

173,960

14,663

4,257

24,816

217,696

DEPRECIATION

At 1 November 2024

-

6,110

2,282

14,743

23,135

Charge for year

-

2,138

494

2,518

5,150

At 31 October 2025

-

8,248

2,776

17,261

28,285

NET BOOK VALUE

At 31 October 2025

173,960

6,415

1,481

7,555

189,411

At 31 October 2024

948,780

8,553

1,975

10,073

969,381

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 November 2024

and 31 October 2025

1,630

NET BOOK VALUE

At 31 October 2025

1,630

At 31 October 2024

1,630

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Revaluations

125,180

Reclassification/transfer

774,820

At 31 October 2025

900,000

NET BOOK VALUE

At 31 October 2025

900,000

Fair value at 31 October 2025 is represented by:

£

Valuation in 2026

125,180

Cost

774,820

900,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

69,300

265,349

Amounts owed by group undertakings

207,369

Other debtors

1,000

834

Related loan - Promedex

199,900

Related loan - CHPRC

22,900

Related Loan - Promedex

241,032

248,496

Related Loan - Charkos UA

-

145,559

Related Loan - Tektology Servi

1,542

-

Tax

95

103,842

Prepayments

12,790

13,944

755,928

1,208,193

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

312,938

299,273

Other loans

243,831

-

Trade creditors

775,953

621,237

Other Creditors

240,000

Credit Card Creditors

736

11,070

Amounts owed to group undertakings

6,721

-

Tax

-

58,433

Social security and other taxes

205,442

37,952

VAT

274,389

143,773

Directors' current accounts

-

18,137

Accruals and deferred income

27,035

27,479

Accrued expenses

-

1

Wage Accruals

-

88,194

Pensions payable

5,257

2,116

2,092,302

1,547,665

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans - 1-2 years

7,700

6,709

HSBC Mortgage 1-2 years

25,338

22,500

Bank loans - 2-5 years

23,100

20,127

HSBC Mortgage 2-5 years

76,015

67,450

Bank loans more 5 yr by instal

16,479

29,121

HSBC Mortgage >5 years

284,621

323,566

Other loans - 1-2 years

37,780

-

471,033

469,473

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

16,479

29,121

HSBC Mortgage >5 years

284,621

323,566

301,100

352,687

10.	SECURED DEBTS

During the year, the company has entered into a debenture with Team Factors Limited which holds a fixed and floating charge on all freehold or leasehold properties of the company.