Company No: 01680440 (England and Wales)

Contents

• Company Information
• Accountants' Report
• Balance Sheet
• Notes to the Financial Statements

Directors	Mrs J P Broadley
	Mrs A P Huggins
	Mr J R Huggins
	Mr P J Huggins
	Mr S J Huggins

Secretary

Mrs A P Huggins

Registered office	Chunnel house
	6-16 Canterbuty Road
	Lydden Nr Dover
	Kent
	CT15 7ER
	United Kingdom

Company number

01680440 (England and Wales)

Accountant	Kreston Reeves LLP
	37 St Margarets Street
	Canterbury
	Kent
	CT1 2TU

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Chunnel Group Limited for the financial year ended 31 December 2024 which comprise the Balance Sheet and the related notes 1 to 7 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that Chunnel Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Chunnel Group Limited. You consider that Chunnel Group Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Chunnel Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of Directors of Chunnel Group Limited, as a body, in accordance with the terms of our engagement letter dated 15 March 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Chunnel Group Limited and state those matters that we have agreed to state to the Board of Directors of Chunnel Group Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chunnel Group Limited and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP
Chartered Accountants

37 St Margarets Street
Canterbury
Kent
CT1 2TU

03 September 2025

	Note	2024		2023
		£		£
Fixed assets
Investments	3	50,002		50,002
		50,002		50,002
Current assets
Debtors	4	2		2
		2		2
Net current assets		2		2
Total assets less current liabilities		50,004		50,004
Net assets		50,004		50,004
Capital and reserves
Called-up share capital	5	50,004		50,004
Total shareholders' funds		50,004		50,004

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

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Chunnel Group Limited (registered number: 01680440) were approved and authorised for issue by the Board of Directors on 03 September 2025. They were signed on its behalf by:

Mr J R Huggins Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Chunnel Group Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Chunnel house, 6-16 Canterbuty Road, Lydden Nr Dover, Kent, CT15 7ER, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

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

Investments
Investments in subsidiaries are measured at cost less accumulated impairment.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	5		5

3. Fixed asset investments

Investments in subsidiaries

	2024
	£
Cost
At 01 January 2024	50,002
At 31 December 2024	50,002
Carrying value at 31 December 2024	50,002
Carrying value at 31 December 2023	50,002

4. Debtors

	2024		2023
	£		£
Other debtors	2		2

5. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
10,002 Ordinary A shares of £ 1.00 each	10,002		10,002
10,002 Ordinary B shares of £ 1.00 each	10,002		10,002
10,000 Ordinary C shares of £ 1.00 each	10,000		10,000
10,000 Ordinary D shares of £ 1.00 each	10,000		10,000
10,000 Ordinary E shares of £ 1.00 each	10,000		10,000
	50,004		50,004

6. Related party transactions

Dividends of £5,000 (2023: £10,000) were received from Chunnel Plant Hire & Contractors Limited during the year under review.

7. Ultimate controlling party

The directors consider there to be no controlling party due to the ownership of the shares being equally split between the 5 shareholders.