ACCOUNTS - Final Accounts

Creditors: Amounts falling due within one year

Company registration number: 06272707

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	CHERVON EUROPE LIMITED


CHERVON EUROPE LIMITED

COMPANY INFORMATION

Directors	T Zhang
	L Pan
	P Melrose


Registered number	06272707


Registered office	4th Floor, The Anchorage
	34 Bridge Street
	Reading
	RG1 2LU


Trading Address	Unit 8 Anglo Office Park
	Lincoln Road
	High Wycombe
	Buckinghamshire
	HP12 3RH



Independent auditors	Menzies LLP
	Chartered Accountants & Statutory Auditor
	Magna House
	18-32 London Road
	Staines-Upon-Thames
	TW18 4BP


CHERVON EUROPE LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 6


CHERVON EUROPE LIMITED REGISTERED NUMBER:06272707

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		67,435		74,432
			67,435		74,432
Current assets
Debtors: amounts falling due within one year	5	694,484		682,960
Cash at bank and in hand		641,550		376,943
		1,336,034		1,059,903
Creditors: amounts falling due within one year	6	(449,161)		(287,583)
Net current assets			886,873		772,320
Total assets less current liabilities			954,308		846,752

Net assets			954,308		846,752

Capital and reserves
Called up share capital		1	1
Profit and loss account	8	954,307	846,751
		954,308	846,752

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

P Melrose

Director

Date: 11 September 2025

The notes on pages 2 to 6 form part of these financial statements.

Page 1


CHERVON EUROPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Chervon Europe 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 Company Information page.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These
policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.3

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 represents costs incurred by the company recharged to intra-group companies plus an appropriate mark up.

2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 2


CHERVON EUROPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.6

Operating leases

Rentals paid under operating leased are charged to profit and loss on a straight line basis over the lease term.

2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery	-	25%
Motor vehicles	-	25%
Fixtures and fittings	-	20%
Computer equipment	-	25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3


CHERVON EUROPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial
assets and liabilities like trade debtors, trade creditors, other creditors, loans to related parties and investments
in ordinary shares.

Employees

The average monthly number of employees, including the Directors, during the year was as follows:

	2024	2023
	No.	No.

Employees	26	20

4.	Tangible fixed assets

	Plant and machinery	Motor vehicles	Fixtures and fittings	Computer equipment	Total
	£	£	£	£	£
Cost or valuation
At 1 January 2024	138,102	21,936	94,269	234,821	489,128
Additions	-	-	-	15,219	15,219
At 31 December 2024	138,102	21,936	94,269	250,040	504,347
Depreciation
At 1 January 2024	119,888	19,831	78,774	196,203	414,696
Charge for the year on owned assets	5,824	527	3,268	12,597	22,216
At 31 December 2024	125,712	20,358	82,042	208,800	436,912
Net book value
At 31 December 2024	12,390	1,578	12,227	41,240	67,435
At 31 December 2023	18,214	2,105	15,495	38,618	74,432

Page 4


CHERVON EUROPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5.	Debtors: Amounts falling due within one year

					2024	2023
					£	£


The amounts owed by group undertakings	579,932	558,018
Other debtors	36,362	32,290
Prepayments and accrued income	84,769	92,652
Tax recoverable	(6,579)	-
	694,484	682,960

Trade creditors	11,344	15,304
Corporation tax	-	15,619
Other taxation and social security	50,464	49,842
Accruals and deferred income	387,353	206,818
	449,161	287,583

7.	Financial instruments
		2024	2023
		£	£

	Financial assets
	Financial assets measured at fair value through profit or loss	641,550	641,550

Financial assets measured at fair value through profit or loss comprise...

Reserves

Profit and loss account

The profit and loss account represents the retention of historical profits less any dividends paid.

Page 5


CHERVON EUROPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Not later than 1 year	66,965	81,346
Later than 1 year and not later than 5 years	22,705	88,890
	89,670	170,236

10.	Controlling party

The ultimate parent company is Panmercy Holdings Limited.
The immediate holding company is Chervon (HK) Limited, by virtue of holding 100% of the issued share capital of Chervon Europe Limited. The immediate holding company is registered under Companies Registry in Hong Kong.
The consolidated accounts are prepared by Chervon Holdings Limited. The registered office address of Chervon Holdings Limited is Unit 04, 22/F, Saxon Tower, 7 Cheung Shun Street, Lai Chi Kok, Kln, Hong Kong.

11.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 11 September 2025 by Sophie Said (FCA) (Senior Statutory Auditor) on behalf of Menzies LLP.

Page 6