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REGISTERED NUMBER: 03664031 (England and Wales)

| Financial Statements |

| for the Year Ended 31 March 2023 |

| for |

| CHASE EVANS RESIDENTIAL LIMITED |

CHASE EVANS RESIDENTIAL LIMITED (REGISTERED NUMBER: 03664031) |

Contents of the Financial Statements

for the Year Ended 31 March 2023

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| CHASE EVANS RESIDENTIAL LIMITED |

Company Information

for the Year Ended 31 March 2023

| DIRECTORS: | G J McLuckie

| I S Irons

| A M Holden

| SECRETARY: | I S Irons

| REGISTERED OFFICE: | 10 & 12 Walworth Road

| Elephant & Castle

| London

| SE1 6EE

| REGISTERED NUMBER: | 03664031 (England and Wales)

| ACCOUNTANTS: | Maths Partnership

| 1 Brook Court

| Blakeney Road

| Beckenham

| Kent

| BR3 1HG

CHASE EVANS RESIDENTIAL LIMITED (REGISTERED NUMBER: 03664031) |

Balance Sheet

31 March 2023

| 31.3.23 | 31.3.22 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 1,187,948 |  | 1,245,683 |  |

Investments | 6 | 802 |  | 776 |  |

1,188,750 |  | 1,246,459 |  |

CURRENT ASSETS

Debtors | 7 | 658,388 |  | 158,717 |  |

Cash at bank and in hand | 1,967,567 |  | 3,399,675 |  |

2,625,955 |  | 3,558,392 |  |

CREDITORS

Amounts falling due within one year | 8 | 1,657,195 |  | 2,870,924 |  |

NET CURRENT ASSETS | 968,760 |  | 687,468 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,157,510 |  | 1,933,927 |  |

PROVISIONS FOR LIABILITIES | 83,521 |  | 89,405 |  |

NET ASSETS | 2,073,989 |  | 1,844,522 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 100 |  | 100 |  |

Retained earnings | 2,073,889 |  | 1,844,422 |  |

SHAREHOLDERS' FUNDS | 2,073,989 |  | 1,844,522 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

CHASE EVANS RESIDENTIAL LIMITED (REGISTERED NUMBER: 03664031) |

Balance Sheet - continued

31 March 2023

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2023 and were signed on its behalf by:

G J McLuckie - Director

CHASE EVANS RESIDENTIAL LIMITED (REGISTERED NUMBER: 03664031) |

Notes to the Financial Statements

for the Year Ended 31 March 2023

1. | STATUTORY INFORMATION

| Chase Evans Residential 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| 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.

| Patents and licences are being amortised evenly over their estimated useful life of nil years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Improvements to property | - | 2% on cost

| Plant and machinery | - | 10% on reducing balance

| Fixtures, fittings & equipment | - | 10% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

CHASE EVANS RESIDENTIAL LIMITED (REGISTERED NUMBER: 03664031) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2023

2. | ACCOUNTING POLICIES - continued

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 138 (2022 - 148 ) .

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 April 2022

| and 31 March 2023 | 4,275 |  |

| AMORTISATION

| At 1 April 2022

| and 31 March 2023 | 4,275 |  |

| NET BOOK VALUE

| At 31 March 2023 | - |  |

| At 31 March 2022 | - |  |

5. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures, |

| to |  | Plant and |  | fittings |  | Motor |

| property |  | machinery |  | & equipment |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 April 2022 | 828,538 |  | 37,444 |  | 1,371,022 |  | 109,689 |  | 2,346,693 |  |

| Additions | - |  | - |  | 23,778 |  | - |  | 23,778 |  |

| At 31 March 2023 | 828,538 |  | 37,444 |  | 1,394,800 |  | 109,689 |  | 2,370,471 |  |

| DEPRECIATION

| At 1 April 2022 | 182,127 |  | 34,104 |  | 816,107 |  | 68,672 |  | 1,101,010 |  |

| Charge for year | 16,571 |  | 351 |  | 54,337 |  | 10,254 |  | 81,513 |  |

| At 31 March 2023 | 198,698 |  | 34,455 |  | 870,444 |  | 78,926 |  | 1,182,523 |  |

| NET BOOK VALUE

| At 31 March 2023 | 629,840 |  | 2,989 |  | 524,356 |  | 30,763 |  | 1,187,948 |  |

| At 31 March 2022 | 646,411 |  | 3,340 |  | 554,915 |  | 41,017 |  | 1,245,683 |  |

CHASE EVANS RESIDENTIAL LIMITED (REGISTERED NUMBER: 03664031) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2023

6. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST

| At 1 April 2022 | 776 |  |

| Additions | 26 |  |

| At 31 March 2023 | 802 |  |

| NET BOOK VALUE

| At 31 March 2023 | 802 |  |

| At 31 March 2022 | 776 |  |

| The company's investments at the Balance Sheet date in the share capital of companies include the following:

| Chase Evans(Singapore)PTE.LTD

| Registered office: 60 Paya Lebar Road, £12-55, Paya Lebar Square, Singapore 409051

| Nature of business: Managed property advisory services.

| %

| Class of shares: | holding |

| Ordinary Share | 100.00 |

| 31.3.23 |  | 31.3.22

£ | £ |

| Aggregate capital and reserves | 265,338 |  | 229,251 |  |

| Profit for the year | 18,701 |  | 20,806 |  |

| Chase Evans(Hong Kong)LTD

| Registered office: Level 10 Central Building, 1-3 Pedder Street Central, Hong Kong

| Nature of business: Managed property advisory services.

| %

| Class of shares: | holding |

| Ordinary Share | 100.00 |

| 31.3.23 |  | 31.3.22

£ | £ |

| Aggregate capital and reserves | 278,082 |  | 239,102 |  |

| Profit for the year | 20,792 |  | 69,191 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.23 |  | 31.3.22

£ | £ |

| Trade debtors | 22,701 |  | 37,854 |  |

| Amounts owed by group undertakings | 483,689 |  | - |  |

| Other debtors | 151,998 |  | 120,863 |  |

658,388 |  | 158,717 |  |

CHASE EVANS RESIDENTIAL LIMITED (REGISTERED NUMBER: 03664031) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2023

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.23 |  | 31.3.22

£ | £ |

| Trade creditors | 145,535 |  | 89,965 |  |

| Amounts owed to group undertakings | - |  | 1,178,791 |  |

| Taxation and social security | 1,010,838 |  | 896,121 |  |

| Other creditors | 500,822 |  | 706,047 |  |

1,657,195 |  | 2,870,924 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.3.23 |  | 31.3.22

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

10. | RELATED PARTY DISCLOSURES

| The company was owed £nil (£nil - March 2022) and £nil (£nil - March 2022) respectively by it subsidiaries Chase Evans (Singapore) PTE Limited and Chase Evans (Hong Kong) Limited at the year end. Chase Evans Residential Limited supports the offices in Singapore and Hong Kong to allow local based clients access to services in their time zone for properties managed by Chase Evans Residential Limited. The Singapore and Hong Kong income and costs are reflected in the financial statements of Chase Evans Residential Limited.

| At the year end, the company owed £483,689 (£1,178,791 - 2022) by it's parent Chase Evans Holdings Limited. No interest is payable or receivable on these loans.