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REGISTERED NUMBER: 12197007 (England and Wales)











GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

CH INVESTMENT HOLDING LIMITED

CH INVESTMENT HOLDING LIMITED (REGISTERED NUMBER: 12197007)

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Group Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 5

Consolidated Statement of Comprehensive Income 7

Consolidated Balance Sheet 8

Company Balance Sheet 9

Consolidated Statement of Changes in Equity 10

Company Statement of Changes in Equity 11

Consolidated Cash Flow Statement 12

Notes to the Consolidated Financial Statements 13


CH INVESTMENT HOLDING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: L Cheng
D He





REGISTERED OFFICE: Unit 5-7 Seven Stars Industrial Estate
Wheler Road
Coventry
West Midlands
CV3 4LB





REGISTERED NUMBER: 12197007 (England and Wales)





AUDITORS: Galloways Accounting
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY

CH INVESTMENT HOLDING LIMITED (REGISTERED NUMBER: 12197007)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024


The directors present their strategic report of the company and the group for the year ended 30 September 2024.

CH Investment Holdings Limited is the parent holding company of three subsidiaries, JRD Innovations Limited, 8Bella UK Limited and Deep Logistics Limited.

On 15th March 2023, CH Investment Holding Limited acquired the entire ordinary share capital of JRD Innovation Limited and 8Bella (UK) Limited and 70% of the ordinary share capital of Deep Logistics Limited by means of a share for share exchange at the nominal value of the shares.

These consolidated financial statements have been prepared using merger accounting rules, permissible under FRS 102 as the ultimate shareholders of the companies and their rights remain unchanged by the transaction and no minority's interest in the net assets of the group has been altered by the transfer. The use of merger accounting is not prohibited by the requirements of company and no adjustments have been required to the accounts to achieve uniformity of accounting policies in the combining entities.

Under merger accounting these financial statements of the combined entity have been produced by combining the results of the combining entities for the whole of the financial period in which the merger occurred.

REVIEW OF BUSINESS
The results for the year as set out in the Income Statement show an operating profit of £1,883,461 (2023 - £2,076,007) from turnover of £30,653,224 (2023 - £28,638,484).

At year end, net assets were £8,620,176 (2023 - £7,000,472).

PRINCIPAL RISKS AND UNCERTAINTIES
In common with all businesses, the company faces risks and uncertainties. The Directors adopt prudent policies to minimise risks and are actively involved in reducing the effects of any adverse circumstances which might arise.

The group's principal financial instruments comprise bank balances, trade debtors and trade creditors. The main purpose of these instruments is to raise funds for the group's operations and to finance the group's operations. In respect of these areas, risk is managed as follows:

- Managing long-term contracts is essential to maintaining strong profit margins and consistent cash flows. By engaging with suppliers and customers, the director ensures projects are delivered in line with forecasts.
- Bank balances liquidity risk: a balance is maintained between the continuity of funding an flexibility through use of money market facilities where funds are available.
- Trade debtors credit and cash flow risks: a tight control is maintained on the company's credit control regime.
- Trade creditors liquidity risk: it is ensured that sufficient funds are available to meet amounts due.

In terms of non-financial risk, the group ensures that it is fully appraised of any regulatory or statutory changes and is committed to fulfilling its legal obligations.

FINANCIAL INSTRUMENTS
The group had total loans of £26,663 in 2023 in the form of a bank loan, this has been repaid during the financial year. The directors consider the exposure to credit, liquidity and cash flow risk to be limited.

DEVELOPMENT AND PERFORMANCE
The results for the financial period were viewed as satisfactory by the company's directors. Over the past two financial years, several measures have been implemented to control costs, enhance marketing efforts, and maintain competitive pricing. While these initiatives have not resulted in an increase in sales orders or a noticeable improvement in trading performance, the directors remain optimistic about the company’s outlook. Despite a decrease in gross profit margins from 14% to 11%, they expect to build on current efforts and drive growth in the year ahead.


CH INVESTMENT HOLDING LIMITED (REGISTERED NUMBER: 12197007)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

FINANCIAL KEY PERFORMANCE INDICATORS
Financial indicators include turnover and employment cost. Non-financial indicators include the number of sales orders and customer experience.

KPI 2024 £ 2023 £ % Change Commentary
Turnover 30,653,224 28,638,484 7% The increase in revenue is driven by the increase in online presence particularly in 8Bella UK Limited.

Gross profit 3,275,824 4,024,914 (19%) Gross profit has decreased as a result of the decrease in logistics accross all companies. More stock is now being held as safety stock and there has been a significant increase in merchant fees. This has lead the gross profit margin percentage to decrease by 3%.

Operating profit 1,883,461 2,076,007 (9%) The operating profit margin percentage has decreased by 1% from 7% in the prior year from to 6% in the current year. There is a decrease in operating profit as a reflection from the movements above.

Net assets 8,620,176 7,000,472 23% The increase in net assets is driven by the profit in the financial year with additional stock being held as safety stock.

ON BEHALF OF THE BOARD:





D He - Director


27 June 2025

CH INVESTMENT HOLDING LIMITED (REGISTERED NUMBER: 12197007)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


The directors present their report with the financial statements of the company and the group for the year ended 30 September 2024.

DIVIDENDS
The total distribution of dividends for the year ended 30 September will be £40,000 (2023 - £20,104).

DIRECTORS
The directors shown below have held office during the whole of the period from 1 October 2023 to the date of this report.

L Cheng
D He

DIRECTORS' INDEMNITIES
As permitted by the Companies Act 2006, the Company has indemnified the directors in respect of proceedings brought by third parties and qualifying third party indemnity insurance was in place throughout the year and up to the date of approval of the financial statements.

DISCLOSURE IN THE STRATEGIC REPORT
In accordance with s414C(11) of the Companies Act, the following information has been contained within the company's strategic report, found on page 1 of these accounts, which would otherwise be required by Schedule 7 of the "Large and Medium-sized Companies and Group Accounts and Reports Regulations 2008" to be included in the directors' report: consideration of important events occurring in the period and future developments.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group 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). 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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 group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS
The auditors, Galloways Accounting, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





D He - Director


27 June 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CH INVESTMENT HOLDING LIMITED


Opinion
We have audited the financial statements of CH Investment Holding Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 September 2024 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement 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 group's and of the parent company affairs as at 30 September 2024 and of the group's 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 group 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 group's and the parent 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 Group 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 Group 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 Group 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 group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company 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 four, 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 group's and the parent 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 group or the parent company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CH INVESTMENT HOLDING LIMITED


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:

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.

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 and management bias in accounting estimates. Audit procedures performed by the engagement team included:

- discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulation and fraud;
- reviewing minutes of meetings between those charged with governance;
- challenging assumptions and judgements made by management in determining their significant accounting estimates;
- reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
- challenging why certain items are excluded or included from the underlying profit and
- reviewing journal entries for appropriateness and to identify any unusual accounting entries.

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.

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.




Mark Crowter BSc. FCA (Senior Statutory Auditor)
for and on behalf of Galloways Accounting
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY

27 June 2025

CH INVESTMENT HOLDING LIMITED (REGISTERED NUMBER: 12197007)

CONSOLIDATED
STATEMENT OF COMPREHENSIVE
INCOME
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024 2023
Notes £    £   

TURNOVER 3 30,653,224 28,638,484

Cost of sales (27,377,401 ) (24,613,570 )
GROSS PROFIT 3,275,823 4,024,914

Administrative expenses (1,392,931 ) (1,881,728 )
1,882,892 2,143,186

Other operating income 569 (67,179 )
OPERATING PROFIT 5 1,883,461 2,076,007

Interest receivable and similar income 6 256,865 115,965
2,140,326 2,191,972

Interest payable and similar expenses 7 (1,574 ) (2,499 )
PROFIT BEFORE TAXATION 2,138,752 2,189,473

Tax on profit 8 (479,048 ) (486,124 )
PROFIT FOR THE FINANCIAL YEAR 1,659,704 1,703,349

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR THE
YEAR

1,659,704

1,703,349

Profit attributable to:
Owners of the parent 1,464,888 1,693,376
Non-controlling interests 194,816 9,973
1,659,704 1,703,349

Total comprehensive income attributable to:
Owners of the parent 1,464,888 1,693,376
Non-controlling interests 194,816 9,973
1,659,704 1,703,349

CH INVESTMENT HOLDING LIMITED (REGISTERED NUMBER: 12197007)

CONSOLIDATED BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 11 53,677 63,341
Tangible assets 12 235,844 73,736
Investments 13 890 55,556
290,411 192,633

CURRENT ASSETS
Stocks 14 1,406,203 1,113,029
Debtors 15 1,677,742 1,652,547
Cash at bank 8,266,305 6,683,807
11,350,250 9,449,383
CREDITORS
Amounts falling due within one year 16 (2,837,845 ) (2,606,084 )
NET CURRENT ASSETS 8,512,405 6,843,299
TOTAL ASSETS LESS CURRENT LIABILITIES 8,802,816 7,035,932

CREDITORS
Amounts falling due after more than one year 17 (48,284 ) (7,125 )

PROVISIONS FOR LIABILITIES 20 (134,356 ) (28,335 )
NET ASSETS 8,620,176 7,000,472

CAPITAL AND RESERVES
Called up share capital 21 1,100 1,100
Other reserves 22 300,000 300,000
Retained earnings 22 8,029,665 6,604,777
SHAREHOLDERS' FUNDS 8,330,765 6,905,877

NON-CONTROLLING INTERESTS 23 289,411 94,595
TOTAL EQUITY 8,620,176 7,000,472

The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2025 and were signed on its behalf by:





D He - Director


CH INVESTMENT HOLDING LIMITED (REGISTERED NUMBER: 12197007)

COMPANY BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 11 - -
Tangible assets 12 - -
Investments 13 305,152 305,152
305,152 305,152

CURRENT ASSETS
Debtors 15 9,339 984,631
Cash at bank 945,382 -
954,721 984,631
CREDITORS
Amounts falling due within one year 16 (17,902 ) (5,152 )
NET CURRENT ASSETS 936,819 979,479
TOTAL ASSETS LESS CURRENT LIABILITIES 1,241,971 1,284,631

CAPITAL AND RESERVES
Called up share capital 21 1,100 1,100
Other reserves 22 300,000 300,000
Retained earnings 22 940,871 983,531
SHAREHOLDERS' FUNDS 1,241,971 1,284,631

Company's (loss)/profit for the financial year (2,660 ) 983,531

The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2025 and were signed on its behalf by:





D He - Director


CH INVESTMENT HOLDING LIMITED (REGISTERED NUMBER: 12197007)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Called up
share Retained Other
capital earnings reserves
£    £    £   
Balance at 1 October 2022 100 4,931,505 -

Changes in equity
Total comprehensive income - 1,693,376 -
Dividends - (20,104 ) -
Increase in share capital 1,000 - -
Share transfer - - 300,000
Total transactions with owners,
recognised directly in equity

1,000

(20,104

)

300,000
Balance at 30 September 2023 1,100 6,604,777 300,000

Changes in equity
Total comprehensive income - 1,464,888 -
Dividends - (40,000 ) -
Total transactions with owners,
recognised directly in equity

-

(40,000

)

-
Balance at 30 September 2024 1,100 8,029,665 300,000
Non-controlling Total
Total interests equity
£    £    £   
Balance at 1 October 2022 4,931,605 84,622 5,016,227

Changes in equity
Total comprehensive income 1,693,376 9,973 1,703,349
Dividends (20,104 ) - (20,104 )
Increase in share capital 1,000 - 1,000
Share transfer 300,000 - 300,000
Total transactions with owners,
recognised directly in equity

280,896

-

280,896
Balance at 30 September 2023 6,905,877 94,595 7,000,472

Changes in equity
Total comprehensive income 1,464,888 194,816 1,659,704
Dividends (40,000 ) - (40,000 )
Total transactions with owners,
recognised directly in equity

(40,000

)

-

(40,000

)
Balance at 30 September 2024 8,330,765 289,411 8,620,176

CH INVESTMENT HOLDING LIMITED (REGISTERED NUMBER: 12197007)

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Called up
share Retained Other Total
capital earnings reserves equity
£    £    £    £   
Balance at 1 October 2022 100 - - 100

Changes in equity
Total comprehensive income - 983,531 - 983,531
Increase in share capital 1,000 - - 1,000
Share transfer - - 300,000 300,000
Total transactions with owners,
recognised directly in equity

1,000

-

300,000

301,000
Balance at 30 September 2023 1,100 983,531 300,000 1,284,631

Changes in equity
Total comprehensive income - (2,660 ) - (2,660 )
Dividends - (40,000 ) - (40,000 )
Total transactions with owners,
recognised directly in equity

-

(40,000

)

-

(40,000

)
Balance at 30 September 2024 1,100 940,871 300,000 1,241,971

CH INVESTMENT HOLDING LIMITED (REGISTERED NUMBER: 12197007)

CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 26 1,845,394 1,867,934
Finance costs paid (1,375 ) (415 )
Tax paid (241,735 ) (762,518 )
Net cash from operating activities 1,602,284 1,105,001

Cash flows from investing activities
Purchase of tangible fixed assets (183,756 ) (5,428 )
Sale of tangible fixed assets 9,251 -
Sale of fixed asset investments - 30
Interest received 256,865 115,965
Net cash from investing activities 82,360 110,567

Cash flows from financing activities
Loan repayments in year (26,663 ) (9,921 )
Capital repayments in year (14,520 ) -
Amount introduced by directors 9 330,188
Amount withdrawn by directors (657 ) (343,937 )
Interest paid (199 ) (2,084 )
Equity dividends paid (40,000 ) (84,536 )
Dividends to non-controlling interests (20,104 ) (15,464 )
Net cash from financing activities (102,134 ) (125,754 )

Increase in cash and cash equivalents 1,582,510 1,089,814
Cash and cash equivalents at beginning of
year

27

6,683,795

5,593,981

Cash and cash equivalents at end of year 27 8,266,305 6,683,795

CH INVESTMENT HOLDING LIMITED (REGISTERED NUMBER: 12197007)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

CH Investment Holding 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Basis of consolidation
On 15th March 2023, CH Investment Holding Limited acquired the entire ordinary share capital of JRD Innovation Limited and 8Bella (UK) Limited and 70% of the ordinary share capital of Deep Logistics Limited by means of a share for share exchange at the nominal value of the shares.

These consolidated financial statements have been prepared using merger accounting rules, permissible under FRS 102 as the ultimate shareholders of the companies and their rights remain unchanged by the transaction and no minority's interest in the net assets of the group has been altered by the transfer. The use of merger accounting is not prohibited by the requirements of company and no adjustments have been required to the accounts to achieve uniformity of accounting policies in the combining entities.

Under merger accounting these financial statements of the combined entity have been produced by combining the results of the combining entities for the whole of the financial period in which the merger occurred.

Going concern
When preparing the accounts, the directors have made an assessment of the ability of the entity to exist as a going concern for a period of at least 12 months from the date upon which these accounts are filed. A company is a going concern unless management either intends to liquidate the entity or cease trading, or has no realistic alternative but to do so. In assessing whether the going concern assumption is appropriate, management have taken into account all available information about the future, which includes future expected cash flows, financing requirements (and the expectation of obtaining these) and future trading performance.

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

Financial Reporting Standard 102 - reduced disclosure exemptions
In preparing the separate financial statements of CH Investment Holdings Limited, advantage has been taken of the following disclosure exemptions available in FRS 102 on the basis the information is included in the consolidated financial statements:

the requirement to present a statement of cash flows and the related notes;
financial instrument disclosures (except for intercompany balances) including:
categories of financial instruments;
items of income, expenses, gains or losses relating to financial instruments; and
exposure to and management of financial risks;
share-based payment disclosures

CH INVESTMENT HOLDING LIMITED (REGISTERED NUMBER: 12197007)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements
The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

(i) Revenue recognition
Management has exercised judgement in determining the timing of revenue recognition in relation to services provided. The entity recognises revenue when the performance obligation is complete, which is the point at which the customer obtains control of the service and the entity has fulfilled all contractual obligations. This assessment requires consideration of the specific terms of customer contracts and the nature of the services delivered.

Key sources of estimation uncertainty
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

(i) Dilapidations
Provision is made for dilapidations of premises used by the company. This required management's best estimate of the expenditure that will be incurred based on contractual requirements. The provision has been calculated using market data for properties of a similar nature.

(ii) Valuation of share based payments
On 28th September 2023, the group gifted 30 ordinary shares in 8Bella (UK) Limited to an individual for no consideration. The directors have assessed the cost of this to be £300,000.

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

Turnover is made up of amounts receivable for the sale of goods and provision of delivery, postage and repacking services.

Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the goods have left the warehouse and are passed to the courier.

Sale of goods via e-commerce
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the goods have been delivered and confirmation received from the customer.

Rendering of services
Turnover from provision of delivery, postage and repacking services and is recognised once the goods have been accepted by couriers and left the company's warehouse.

Logistics
Turnover is recognised in these accounts at the point at which the goods arrive at the airport warehouse as this is the point at which the sale cannot be cancelled and therefore the company is certain that it will receive income for the delivery.

Turnover is recognised net of VAT and sales discounts.

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

CH INVESTMENT HOLDING LIMITED (REGISTERED NUMBER: 12197007)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

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

Leasehold- 4 years on a straight line basis
Plant & Machinery- 4 years on a straight line basis
Motor Vehicles- 5 years on a straight line basis
Fixtures & Fittings- 4 years on a straight line basis
Computer Equipment- 3-4 years on a straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Fixed asset investments
Unlisted investments are recognised as financial assets and are initially measured at cost, which is typically the fair value of consideration paid.

Subsequently, they are measured at fair value through profit or loss where a reliable measure of fair value is available. Changes in fair value are recognised in the profit and loss account. Where a realiable fair value cannot be obtained, the investment is measured at cost less impairment in accordance with FRS 102.

Investments are reviewed at each reporting date for indicators of impairment. If an impairment loss is identified, it is recognised in the profit and loss account.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the
assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.


CH INVESTMENT HOLDING LIMITED (REGISTERED NUMBER: 12197007)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Statement of Comprehensive Income, 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.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the group.

An analysis of turnover by geographical market is given below:

2024 2023
£    £   
United Kingdom 22,019,644 23,182,531
Europe - 115,574
United States of America 4,313,887 3,381,110
Asia 4,319,693 1,959,269
30,653,224 28,638,484

4. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 644,109 885,161
Social security costs 55,867 78,072
Other pension costs 10,710 14,780
710,686 978,013

CH INVESTMENT HOLDING LIMITED (REGISTERED NUMBER: 12197007)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. EMPLOYEES AND DIRECTORS - continued

The average number of employees during the year was as follows:
2024 2023

22 28

The average number of employees by undertakings that were proportionately consolidated during the year was 22 (2023 - 28 ) .

2024 2023
£    £   
Directors' remuneration 81,154 57,392

5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Other operating leases 185,448 367,121
Depreciation - owned assets 65,737 40,561
Loss/(profit) on disposal of fixed assets 8,365 (30 )
Computer software amortisation 9,664 8,429
Auditors' remuneration 38,916 37,000
Foreign exchange differences 66,193 90,980
Impairment of Investment 54,666 44,444

6. INTEREST RECEIVABLE AND SIMILAR INCOME
2024 2023
£    £   
Deposit account interest 243,655 115,940
HMRC Interest 13,210 25
256,865 115,965

7. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank loan interest 187 880
Interest payable 12 1,204
Fines and penalties 1,375 415
1,574 2,499

8. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 534,025 534,179
Over provision in prior year (67,656 ) (41,829 )
Total current tax 466,369 492,350

Deferred tax 12,679 (6,226 )
Tax on profit 479,048 486,124

CH INVESTMENT HOLDING LIMITED (REGISTERED NUMBER: 12197007)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


8. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 2,138,752 2,189,473
Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2023 - 25
%)

534,688

547,368

Effects of:
Expenses not deductible for tax purposes 19,273 11,323
Capital allowances in excess of depreciation (20,601 ) -
Depreciation in excess of capital allowances - 14,550
Utilisation of tax losses 665 3,181
Adjustments to tax charge in respect of previous periods (67,656 ) (76,364 )
Deferred tax movement 12,679 (6,226 )
Change in tax rate - (82,708 )

Substantial shareholding exemption - 75,000
Total tax charge 479,048 486,124

9. INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


10. DIVIDENDS

The total distribution of dividends for the year ended 30 September will be £40,000 (2023 - £20,104).

11. INTANGIBLE FIXED ASSETS

Group
Computer
software
£   
COST
At 1 October 2023
and 30 September 2024 96,638
AMORTISATION
At 1 October 2023 33,297
Amortisation for year 9,664
At 30 September 2024 42,961
NET BOOK VALUE
At 30 September 2024 53,677
At 30 September 2023 63,341

CH INVESTMENT HOLDING LIMITED (REGISTERED NUMBER: 12197007)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


12. TANGIBLE FIXED ASSETS

Group
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 October 2023 9,011 243,257 42,349
Additions 92,631 88,927 1,327
Disposals (3,445 ) (19,389 ) (10,314 )
At 30 September 2024 98,197 312,795 33,362
DEPRECIATION
At 1 October 2023 4,101 234,194 23,988
Charge for year 23,233 15,103 7,286
Eliminated on disposal (928 ) (18,944 ) (8,819 )
At 30 September 2024 26,406 230,353 22,455
NET BOOK VALUE
At 30 September 2024 71,791 82,442 10,907
At 30 September 2023 4,910 9,063 18,361

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 78,171 13,819 386,607
Additions 61,705 871 245,461
Disposals (23,949 ) - (57,097 )
At 30 September 2024 115,927 14,690 574,971
DEPRECIATION
At 1 October 2023 40,163 10,425 312,871
Charge for year 18,086 2,029 65,737
Eliminated on disposal (10,790 ) - (39,481 )
At 30 September 2024 47,459 12,454 339,127
NET BOOK VALUE
At 30 September 2024 68,468 2,236 235,844
At 30 September 2023 38,008 3,394 73,736

13. FIXED ASSET INVESTMENTS

Group
Unlisted
investments
£   
COST
At 1 October 2023
and 30 September 2024 100,000
PROVISIONS
At 1 October 2023 44,444

Impairments 54,666
At 30 September 2024 99,110
NET BOOK VALUE
At 30 September 2024 890
At 30 September 2023 55,556

CH INVESTMENT HOLDING LIMITED (REGISTERED NUMBER: 12197007)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


13. FIXED ASSET INVESTMENTS - continued

Company
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 305,152
NET BOOK VALUE
At 30 September 2024 305,152
At 30 September 2023 305,152

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

Subsidiaries

JRD Innovations Limited
Registered office: Unit 5-7 Seven Stars Industrial Estate, Wheler Road, Coventry, England, CV3 4LB
Nature of business: Wholesale trade, logistics and fulfilment
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 5,311,067 4,353,715
Profit for the year 957,352 1,236,151

8Bella UK Limited
Registered office: Unit 5-7 Seven Stars Industrial Estate, Wheler Road, Coventry, England, CV3 4LB
Nature of business: Sale of goods via online platforms
%
Class of shares: holding
Ordinary 70.00
2024 2023
£    £   
Aggregate capital and reserves 1,720,593 1,130,384
Profit for the year 590,210 386,870

Deep Logistics Limited
Registered office: Unit 5-7 Seven Stars Industrial Estate, Wheler Road, Coventry, England, CV3 4LB
Nature of business: Cargo handling for air transport activities
%
Class of shares: holding
Ordinary 84.50
2024 2023
£    £   
Aggregate capital and reserves 651,696 536,895
Profit for the year 114,802 189,707


On 15 March 2023, the group acquired control of JRD Innovation Limited, 8Bella (UK) Limited and Deep Logistics Limited by virtue of a share for share exchange. As these accounts have been prepared under the merger accounting method of consolidation no fair value adjustments have been made to the assets and liabilities acquired upon acquisition. Goodwill of £NIL arose as a result of the acquisition.

On 28 September 2023, the group transferred 30% of shares in 8Bella (UK) Limited to an individual. See note 2 for detail.

14. STOCKS

Group
2024 2023
£    £   
Stocks 1,406,203 1,113,029

CH INVESTMENT HOLDING LIMITED (REGISTERED NUMBER: 12197007)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade debtors 89,169 529,719 - -
Amounts owed by group undertakings - - 8,239 983,531
Other debtors 406,528 584,512 1,100 1,100
Payments on account 33,751 38,356 - -
Directors' current accounts 196,781 191,156 - -
VAT 52,607 44,056 - -
Prepayments and accrued income 898,906 264,748 - -
1,677,742 1,652,547 9,339 984,631

Amounts owed by group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans and overdrafts (see note 18) - 12 - -
Other loans (see note 18) - 26,663 - -
Hire purchase contracts (see note 19) 6,026 - - -
Trade creditors 1,203,528 595,536 - -
Amounts owed to group undertakings - - 12,750 -
Corporation tax 512,251 288,618 - -
Social security and other taxes 12,015 19,005 - -
Other creditors 61,618 243,921 5,152 5,152
Directors' current accounts - 8,426 - -
Accruals and deferred income 1,042,407 1,423,903 - -
2,837,845 2,606,084 17,902 5,152

Amounts due to group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

17. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Group
2024 2023
£    £   
Hire purchase contracts (see note 19) 41,159 -
Other creditors 7,125 7,125
48,284 7,125

18. LOANS

An analysis of the maturity of loans is given below:

Group
2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 12
Bank loan - 26,663
- 26,675

CH INVESTMENT HOLDING LIMITED (REGISTERED NUMBER: 12197007)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


19. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 6,026 -
Between one and five years 41,159 -
47,185 -

Group
Non-cancellable operating leases
2024 2023
£    £   
Within one year 137,000 266,451
Between one and five years 331,083 204,115
In more than five years - 221,125
468,083 691,691

20. PROVISIONS FOR LIABILITIES

Group
2024 2023
£    £   
Deferred tax
Accelerated capital allowances - 95
Deferred tax 41,013 28,240
41,013 28,335

Other provisions 93,343 -

Aggregate amounts 134,356 28,335

Group
Deferred Other
tax provisions
£    £   
Balance at 1 October 2023 28,335 -
Charge to Statement of Comprehensive Income during year 12,678 93,343
Balance at 30 September 2024 41,013 93,343

Other provisions comprise the following:

Dilapidations: A provision has been recognised for the estimated costs associated with restoring leased premises to their original condition at the end of the lease term, in accordance with the terms of the lease agreements.

Energy dispute: A provision has been made in respect of a dispute relating to historical energy charges. The amount provided represents management's best estimate of the potential settlement based on the information currently available.

21. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
1,100 Share capital 1 £1 1,100 1,100

CH INVESTMENT HOLDING LIMITED (REGISTERED NUMBER: 12197007)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


22. RESERVES

Group
Retained Other
earnings reserves Totals
£    £    £   

At 1 October 2023 6,604,777 300,000 6,904,777
Profit for the year 1,464,888 - 1,464,888
Dividends (40,000 ) - (40,000 )
At 30 September 2024 8,029,665 300,000 8,329,665

Company
Retained Other
earnings reserves Totals
£    £    £   

At 1 October 2023 983,531 300,000 1,283,531
Deficit for the year (2,660 ) - (2,660 )
Dividends (40,000 ) - (40,000 )
At 30 September 2024 940,871 300,000 1,240,871

Other reserves represent a contribution from the parent company.

23. NON-CONTROLLING INTERESTS

Non-controlling interests are for minority shareholders in 8Bella (UK) Limited and Deep Logistics Limited. The movement in non controlling interests is shown in the statement of changes in equity on page 11.

24. PENSION COMMITMENTS

The group operates a defined contribution pension plan for its employees. The amount recognised as an expense in the period was £12,204 (2023: £16,096).

25. RELATED PARTY DISCLOSURES

During the year the company entered into the following transactions with related parties:

Sales Sales Purchases Purchases
2024 2023 2024 2023
£    £    £    £   
Other related parties 34,520 - 304,985 10,866

The following amounts were outstanding at the reporting end date:

2024 2023
Amounts due to/(from) related parties £    £   
Individuals with control, joint control or significant influence over the company (196,781 ) (182,731 )
Other related parties 241,335 -

CH INVESTMENT HOLDING LIMITED (REGISTERED NUMBER: 12197007)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


26. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024 2023
£    £   
Profit before taxation 2,138,752 2,189,473
Depreciation charges 75,400 48,990
Loss on disposal of fixed assets 8,365 8,080
Amounts written off on investment 54,666 44,444
Share transfer - 301,000
Increase in other provisions 92,343 -
Finance costs 1,574 2,499
Finance income (256,865 ) (115,965 )
2,114,235 2,478,521
Increase in stocks (293,174 ) (463,163 )
Increase in trade and other debtors (19,570 ) (260,096 )
Increase in trade and other creditors 43,903 112,672
Cash generated from operations 1,845,394 1,867,934

27. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 September 2024
30.9.24 1.10.23
£    £   
Cash and cash equivalents 8,266,305 6,683,807
Bank overdrafts - (12 )
8,266,305 6,683,795
Year ended 30 September 2023
30.9.23 1.10.22
£    £   
Cash and cash equivalents 6,683,807 5,593,981
Bank overdrafts (12 ) -
6,683,795 5,593,981


28. ANALYSIS OF CHANGES IN NET FUNDS

Other
non-cash
At 1.10.23 Cash flow changes At 30.9.24
£    £    £    £   
Net cash
Cash at bank 6,683,807 1,582,498 8,266,305
Bank overdrafts (12 ) 12 -
6,683,795 1,582,510 8,266,305
Debt
Finance leases - 14,520 (61,705 ) (47,185 )
Debts falling due
within 1 year (26,663 ) 26,663 - -
(26,663 ) 41,183 (61,705 ) (47,185 )
Total 6,657,132 1,623,693 (61,705 ) 8,219,120