Registered number
09881564
Blue Chip Capital Investments Plc
Report and Financial Statements
30 November 2024
Blue Chip Capital Investments Plc
Contents
Page
Directors and Other Information 2
Directors' Report 3
Strategic Report 5
Independent Auditors' Report 6
Income Statement 10
Statement of Comprehensive Income 11
Statement of Financial Position 12
Statement of Changes in Equity 13
Statement of Cash Flows 14
Notes to the financial statements 15
Blue Chip Capital Investments Plc
Company Information
Directors
F Reyazat
A Gorska Resigned on 28 February 2024
Gabriela Karlova Appointed on 28 February 2024
Auditors
Hamilton Coopers
Chartered Accountants
66 Earl Street
Maidstone
ME14 1PS
Bankers
Barclays Bank PLC
Wandsworth 2
Leicester
Leicestershire
LE87 2BB
Registered office
3 More London Riverside
London
SE1 2RE
Registered number
09881564
Blue Chip Capital Investments Plc
Directors' Report
for the year ended 30 November 2024
The directors present their report and financial statements for the year ended 30 November 2024.
Principal activities
The company's principal activity during the year continued to be that of consultants and business investments.
Future developments
The company is looking for new business opportunities to invest in asset management and consultancy businesses.
Directors
The following persons served as directors during the year:
F Reyazat
A Gorska
Directors' responsibilities
The directors are responsible for preparing the report and 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 (Financial Reporting Standard 102 and applicable law). 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 estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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.
Disclosure of information to auditors
Each person who was a director at the time this report was approved confirms that:
so far as he is aware, there is no relevant audit information of which the company's auditor is unaware; and
he 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 auditor is aware of that information.
This report was approved by the board on 21 May 2025 and signed on its behalf.
F Reyazat
Director
Blue Chip Capital Investments Plc
Strategic Report
for the year ended 30 November 2024
Business Review
The board are considering expanding their investment portfolio in different companies in the financial sector. The company has the relevant funds and is seeking new opportunities.
The main financial indicators during the year were as follows: 2024 2023
£ £
- Loss after tax 57,911 39,325
- Shareholders fund 2,535,949 2,593,860
Principal risk and uncertainties
The company possess the required management expertise to monitor and manage risk. The principal risks and uncertainties facing the group and company are follows.
Economic Risk
Economic risk is due to the economic slowdown leading to a reduction and postponement of projects. Company is actively engaged in expanding their investment portfolio.
Price Risk
A Price risk arises as a result of fluctuations in commodity prices. This risk can never be eliminated but can be reduced by applying careful planning.
Financial Risk
Financial risk is due to fluctuations in foreign exchange. This is minimised by having most transactions in sterling.
Credit Risk
Credit Risk is addressed by ensuring debts and setting credit limits to customers given by its credit insurers. However, this does not necessarily guarantee that no loss will occur as a default of the customers.
Liquidity Risk
Liquidity risk is controlled by the appropriate arrangements with its finance providers.
This report was approved by the board on 21 May 2025 and signed on its behalf.
F Reyazat
Director
Blue Chip Capital Investments Plc
Independent auditor's report
to the member of Blue Chip Capital Investments Plc
for the year ended 30 November 2024
Opinion
We have audited the financial statements of Blue Chip Capital Investments Plc for the year ended 30 November 2024 which comprise the Income Statement, the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows 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 FRS 102 'The Financial Reporting Standard applicable in the UK and the 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 30 November 2024 and of its loss for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis of 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 Auditor’s 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 and the Report of the directors, 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 directors’ report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the strategic report and the directors’ report 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 directors’ report.
We have nothing to report in respect of the following matters in relation to which 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; or
Responsibilities of directors
As explained more fully in the directors’ responsibilities statement, 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 is 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.
Auditor’s 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.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Capability of the audit in detecting irregularities, including fraud
The objectives of our audit are to identify and assess the risks of material misstatement of the financial statements due to fraud or error; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud or error; and to respond appropriately to those risks.
Based on our understanding of the company and industry, and through discussion with the management (as required by auditing standards), we identified that the principal risks of non-compliance with laws and regulations related to their FCA permissions and requirements. We considered the extent to which non-compliance might have a material effect on the financial statements. 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 and taxation. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. We evaluated 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 posting inappropriate journal entries to increase revenue or reduce expenditure and management bias in accounting estimates and judgmental areas of the financial statements such as accrued income.
Audit procedures performed by the engagement team included:

- Discussions with management and assessment of known or suspected instances of non compliance with laws and regulations and fraud; and

- Assessment of identified fraud risk factors; and

- Challenging assumptions and judgements made by management in its significant accounting estimates; and

-Performing analytical procedures to identify any unusual or unexpected relationships, including related party transactions, that may indicate risks of material misstatement due to fraud; and

-Confirmation of related parties with management, and review of transactions throughout the period to identify any previously undisclosed transactions with related parties outside the normal course of business; and

-Review of significant and unusual transactions and evaluation of the underlying financial rationale
supporting the transactions; and

- Identifying and testing journal entries, in particular any manual entries made at the year end for
financial statement preparation.
There are inherent limitations in the audit procedures described above 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 would become aware of it. Also, 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 or intentional misrepresentations, or through collusion.
As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

-Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion of the effectiveness of the company's internal control.
-Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the members.

-Conclude on the appropriateness of the members' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Auditors' report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditors' report. However, future events or conditions may cause the company to cease to continue as a going concern.

-Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

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 an auditors report 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.
Asim Malik, FCA
(Senior Statutory Auditor) 66 Earl Street
for and on behalf of Maidstone
Hamilton Coopers ME14 1PS
Accountants and Statutory Auditors
21 May 2025
Blue Chip Capital Investments Plc
Income Statement
for the year ended 30 November 2024
Notes 2024 2023
£ £
Administrative expenses (105,467) (38,349)
Operating loss 2 (105,467) (38,349)
Interest receivable 49,900 1
Interest payable 5 (2,344) (977)
Loss on ordinary activities before taxation (57,911) (39,325)
Tax on loss on ordinary activities 6 - -
Loss for the financial year (57,911) (39,325)
Blue Chip Capital Investments Plc
Statement of comprehensive income
for the year ended 30 November 2024
Notes 2024 2023
£ £
Loss for the financial year (57,911) (39,325)
Other comprehensive income
Total comprehensive income for the year (57,911) (39,325)
Blue Chip Capital Investments Plc
Statement of Financial Position
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Investments 7 24,103 24,103
Current assets
Debtors 8 - 500
Cash at bank and in hand 2,541,979 2,608,394
2,541,979 2,608,894
Creditors: amounts falling due within one year 9 (15,133) (15,803)
Net current assets 2,526,846 2,593,091
Total assets less current liabilities 2,550,949 2,617,194
Creditors: amounts falling due after more than one year 10 (15,000) (23,334)
Net assets 2,535,949 2,593,860
Capital and reserves
Called up share capital 11 3,000,000 3,000,000
Profit and loss account 12 (464,051) (406,140)
Total equity 2,535,949 2,593,860
F Reyazat
Director
Approved by the board on 21 May 2025
Company registration number: 09881564
Blue Chip Capital Investments Plc
Statement of Changes in Equity
for the year ended 30 November 2024
Share Other Profit Total
capital reserves and loss
account
£ £ £ £
At 1 December 2022 3,000,000 - (366,815) 2,633,185
Loss for the financial year (39,325) (39,325)
At 30 November 2023 3,000,000 - (406,140) 2,593,860
At 1 December 2023 3,000,000 - (406,140) 2,593,860
Loss for the financial year (57,911) (57,911)
At 30 November 2024 3,000,000 - (464,051) 2,535,949
Blue Chip Capital Investments Plc
Statement of Cash Flows
for the year ended 30 November 2024
Notes 2024 2023
£ £
Operating activities
Loss for the financial year (57,911) (39,325)
Adjustments for:
Interest receivable (49,900) (1)
Interest payable 2,344 977
Gain on revaluation of investments -
Decrease/(increase) in debtors 500 (500)
(Decrease)/increase in creditors (670) 13
(105,637) (38,836)
Interest received 49,900 1
Interest paid (2,344) (977)
Cash used in operating activities (58,081) (39,812)
Financing activities
Repayment of loans (8,334) (9,949)
Cash used in financing activities (8,334) (9,949)
Net cash used
Cash used in operating activities (58,081) (39,812)
Cash used in financing activities (8,334) (9,949)
Net cash used (66,415) (49,761)
Cash and cash equivalents at 1 December 2,608,394 2,658,155
Cash and cash equivalents at 30 November 2,541,979 2,608,394
Cash and cash equivalents comprise:
Cash at bank 2,541,979 2,608,394
Blue Chip Capital Investments Plc
Notes to the Accounts
for the year ended 30 November 2024
1 Summary of significant accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the investment.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Going Concern
The financial statements are prepared on the basis of a going concern since directors believe that they have sufficient liquid resources which enable them to honor future liabilities.
Consolidation
The investment is held for the purpose of resale, therefore, the company seeks exemption from the preparation of group financial statements under section 405 of Companies Act 2006.
2 Operating profit 2024 2023
£ £
This is stated after charging:
Auditors' remuneration for audit services 4,800 4,800
3 Staff Costs - -
4 Average number of employees during the year 1 1
5 Interest payable 2024 2023
£ £
Bank loans and overdrafts 2,344 977
6 Taxation 2024 2023
£ £
Analysis of charge in period
Tax on profit on ordinary activities - -
Factors affecting tax charge for period
The differences between the tax assessed for the period and the standard rate of corporation tax are explained as follows:
2024 2023
£ £
Loss on ordinary activities before tax (57,911) (39,325)
Standard rate of corporation tax in the UK 19% 19%
£ £
Profit on ordinary activities multiplied by the standard rate of corporation tax (11,003) (7,472)
Effects of:
Losses carried forward 11,003 7,472
Current tax charge for period - -
7 Investments
Other
investments
£
Cost
At 1 December 2023 24,103
At 30 November 2024 24,103
The company holds 20% or more of the share capital of the following companies:
Capital and Profit (loss)
Company Shares held reserves for the year
Class % £ £
Providence Asset Management Ltd Ordinary 51 76,483 1,094
8 Debtors 2024 2023
£ £
Other debtors - 500
9 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans 8,333 8,333
Share Deposit account - 1,670
Accruals and deferred income 6,800 5,800
15,133 15,803
10 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 15,000 23,334
11 Share capital Nominal 2024 2024 2023
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 3,000,000 3,000,000 3,000,000
12 Profit and loss account 2024 2023
£ £
At 1 December (406,140) (366,815)
Loss for the financial year (57,911) (39,325)
At 30 November (464,051) (406,140)
13 Controlling party
The controlling party is Zabihallah Panahi.
14 Presentation currency
The financial statements are presented in Sterling.
15 Legal form of entity and country of incorporation
Blue Chip Capital Investments Plc is an unquoted public company limited by shares and incorporated in England.
16 Principal place of business
The address of the company's principal place of business and registered office is:
3 More London Riverside
London
SE1 2RE
14 Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction Value Balance owed by/(owed to)
2024 2023 2024 2023
£ £ £ £
Providence Asset Management Limited 23,700 26,000 - -
During the year transactions were made with Providence Asset Management Limited a company
incorporated in England and Wales. Consultancy fee of £23,700 (2023: £26,000) was charged duing
the year.
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