| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 23 JANUARY 2024 TO 30 SEPTEMBER 2024 |
| FOR |
| PROJECT CHESS MIDCO LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 23 JANUARY 2024 TO 30 SEPTEMBER 2024 |
| FOR |
| PROJECT CHESS MIDCO LIMITED |
| PROJECT CHESS MIDCO LIMITED (REGISTERED NUMBER: 15435818) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 23 JANUARY 2024 TO 30 SEPTEMBER 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| PROJECT CHESS MIDCO LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 23 JANUARY 2024 TO 30 SEPTEMBER 2024 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| Fourth Floor |
| Unit 5B The Parklands |
| Bolton |
| BL6 4SD |
| PROJECT CHESS MIDCO LIMITED (REGISTERED NUMBER: 15435818) |
| BALANCE SHEET |
| 30 SEPTEMBER 2024 |
| Notes | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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 were approved by the Board of Directors and authorised for issue on |
| PROJECT CHESS MIDCO LIMITED (REGISTERED NUMBER: 15435818) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 23 JANUARY 2024 TO 30 SEPTEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Project Chess Midco Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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. |
| Change in reporting period statement |
| The company was incorporated on 23 January 2024 and the directors decided to prepare financial statements to 30 September 2024 in line with related companies. |
| Going concern policy |
| The financial statements have been prepared on a going concern basis which the directors consider to be appropriate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| Additions |
| At 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| PROJECT CHESS MIDCO LIMITED (REGISTERED NUMBER: 15435818) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 23 JANUARY 2024 TO 30 SEPTEMBER 2024 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Amounts owed by group undertakings |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Amounts owed to group undertakings |
| Other creditors |
| 7. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| £ |
| Loan notes | 6,609,131 |
| At the year end, other creditors balance included secured debts of £6,609,131. The company has provided its lender with fixed and floating charges over all property and undertakings of the company. |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal |
| value: | £ |
| Ordinary | £1 | 2 |
| 2 Ordinary shares of £1 were issued during the period |
| 9. | ULTIMATE CONTROLLING PARTY |
| As at 30 September 2024, the immediate parent company of Project Chess Midco Limited is Project Chess Topco Limited, a company incorporated in the United Kingdom.. |
| The ultimate parent company and controlling party is Northedge Capital Sme GP I Llp, which is incorporated in the United Kingdom. |