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REGISTERED NUMBER: 14846090 (England and Wales)






CHR Lendco Limited

Financial Statements

for the Period 4 May 2023 to 30 June 2024






CHR Lendco Limited (Registered number: 14846090)

Contents of the Financial Statements
for the period 4 May 2023 to 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHR Lendco Limited

Company Information
for the period 4 May 2023 to 30 June 2024







DIRECTORS: Ms J R Fletcher OBE
Mr N Smillie





REGISTERED OFFICE: 33 George Street
Wakefield
West Yorkshire
WF1 1LX





REGISTERED NUMBER: 14846090 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX

CHR Lendco Limited (Registered number: 14846090)

Balance Sheet
30 June 2024

Notes £ £
FIXED ASSETS
Investments 4 6,428,890

CURRENT ASSETS
Debtors 5 100

CREDITORS
Amounts falling due within one year 6 5,915,454
NET CURRENT LIABILITIES (5,915,354 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

513,536

CHR Lendco Limited (Registered number: 14846090)

Balance Sheet - continued
30 June 2024

Notes £ £

CAPITAL AND RESERVES
Called up share capital 7 100
Retained earnings 513,436
SHAREHOLDERS' FUNDS 513,536

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2024 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 26 March 2025 and were signed on its behalf by:




Mr N Smillie - Director



Ms J R Fletcher OBE - Director


CHR Lendco Limited (Registered number: 14846090)

Notes to the Financial Statements
for the period 4 May 2023 to 30 June 2024


1. STATUTORY INFORMATION

CHR Lendco Limited is a private limited 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 company's principal place of business is Suite 2, 7 Victoria Avenue, Harrogate, HG1 1EQ.

The functional and presentation currency for the company is pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

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.

Investment income
Investment income represents interest receivable on fixed asset investments.

Fixed asset investments
Fixed asset investments are held in property backed loan notes, which are recorded at cost plus accrued interest at each balance sheet date.

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the balance sheet when and only when there exists a legally enforceable right to set off the recognised amounts and the company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when; a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or, c) the company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

Taxation
Taxation for the period 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.


CHR Lendco Limited (Registered number: 14846090)

Notes to the Financial Statements - continued
for the period 4 May 2023 to 30 June 2024


2. ACCOUNTING POLICIES - continued
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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. FIXED ASSET INVESTMENTS
Loan notes
£
New in year 6,428,890
At 30 June 2024 6,428,890

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Amounts owed by group undertakings 100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Other loans 2,000,000
Amounts owed to group undertakings 3,832,000
Tax 81,834
Accruals and deferred income 1,620
5,915,454

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £
100 Ordinary £1 100

100 Ordinary shares of £1 were issued during the period for cash of £ 100 .

CHR Lendco Limited (Registered number: 14846090)

Notes to the Financial Statements - continued
for the period 4 May 2023 to 30 June 2024


8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The company is a wholly owned subsidiary of CHR Group Limited.

The balance of other loans is an amount of £2,000,000 owed to Fletcher-Smillie Investments, a private unlimited company, for which there are no fixed terms of interest or repayment. Two of the directors have a controlling interest in the entity, as well as being the directors and controlling shareholders of CHR Group Limited.