Company registration number 10836389 (England and Wales)
CHASE INVESTMENT GROUP LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
CHASE INVESTMENT GROUP LTD
COMPANY INFORMATION
Director
Mr L J Rankin
Company number
10836389
Registered office
Gable House
18-24 Turnham Green Terrace
London
United Kingdom
W4 1QP
CHASE INVESTMENT GROUP LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
CHASE INVESTMENT GROUP LTD
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
3
8,775,000
8,117,500
Investments
4
300
300
8,775,300
8,117,800
Current assets
Debtors
5
4,623,645
5,069,028
Cash at bank and in hand
216,040
285,175
4,839,685
5,354,203
Creditors: amounts falling due within one year
6
(9,780,861)
(10,056,989)
Net current liabilities
(4,941,176)
(4,702,786)
Total assets less current liabilities
3,834,124
3,415,014
Creditors: amounts falling due after more than one year
7
(3,703,767)
(4,028,767)
Net assets/(liabilities)
130,357
(613,753)
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
130,257
(613,853)
Total equity
130,357
(613,753)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

CHASE INVESTMENT GROUP LTD
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 5 September 2025
Mr L J Rankin
Director
Company Registration No. 10836389
CHASE INVESTMENT GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Chase Investment Group Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Gable House, 18-24 Turnham Green Terrace, London, United Kingdom, W4 1QP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

The company has paid particular attention to the likely effects on the business of the current wider world economic uncertainty and remain confident that sufficient funding is in place and that the company has adequate resources to enable the company to continue as a going concern for the foreseeable future. true

1.3
Turnover

Turnover represents rent receivable during the year and is recognised on an accruals basis.

1.4
Investment properties

Investment properties are initially measured at cost and subsequently measured at fair value if available without undue cost or effort. Changes in fair value are recognised in the profit or loss.

The Companies Act 2006 requires all properties to be depreciated. However this requirement conflicts with the generally accepted accounting principle set out in FRS 102. The directors consider that, because investment properties are not held for consumption, but for their investment potential, to depreciate them would not give a true and fair view.

If this departure from the Companies Act 2006 had not been made in order to give a true and fair view, the profit for the year would have been reduced by depreciation. However the amounts of depreciation cannot reasonably be quantified, because depreciation is only one of many factors reflected in the annual valuation and the amount relating to depreciation of the property cannot be separately identified.

Acquisitions and disposals of investment properties are recognised in the financial statements when the company has a contractual obligation to purchase or sell the property. On the disposal of an investment property any balance relating to the property held in the non-distributable reserve is transferred to realised reserves.

CHASE INVESTMENT GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.6
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.

1.7
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.

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 paymen ts 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. A m ounts 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.

CHASE INVESTMENT GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -
1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Investment property
2024
£
Fair value
At 1 January 2024
8,117,500
Revaluations
657,500
At 31 December 2024
8,775,000
CHASE INVESTMENT GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
3
Investment property
(Continued)
- 6 -

All of the investment properties are held for rental purposes. The investment properties were valued by Pilkington Real Estate at 31 December 2024 on an open market basis.

4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings
300
300
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
633
13,732
Amounts owed by group undertakings
163,775
159,594
Other debtors
4,459,237
359,232
4,623,645
532,558
2024
2023
Amounts falling due after more than one year:
£
£
Other debtors
-
0
4,536,470
Total debtors
4,623,645
5,069,028
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
150
1,140
Amounts owed to group undertakings
398,000
308,500
Taxation and social security
29,050
44,810
Other creditors
9,353,661
9,702,539
9,780,861
10,056,989
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
3,703,767
4,028,767
CHASE INVESTMENT GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
9
Security

The bank loans are secured against the investment property of the company, including the investment property of subsidiary companies Chase Residential Properties Ltd and Chase Developments (Munster Rd) Ltd.

The bank loans are also secured by way of a third party corporate guarantee by Chase Residential Properties Ltd and Chase Developments (Munster Rd) Ltd and a personal guarantee by the shareholders of Chase Investment Group Ltd.

10
Related Party Disclosure

Included in other creditors at the year end was an amount owed to the shareholders of £9,057,109 (20 23 - £9,057,109). This amount is interest free and repayable on demand.

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