REGISTERED NUMBER: 03273846 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

CHADWORTH INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr T Mistry

Mr R P Mistry

SECRETARY:

Mr P Kotecha

REGISTERED OFFICE:

7 St. John's Road

Harrow

Middlesex

HA1 2EY

REGISTERED NUMBER:

03273846 (England and Wales)

ACCOUNTANTS:

Macalvins Limited

Chartered Accountants

7 St John's Road

Harrow

Middlesex

HA1 2EY

FIXED ASSETS

Intangible assets

4

311,069

-

Tangible assets

5

-

-

Investments

6

345

389,561

311,414

389,561

CURRENT ASSETS

Debtors

7

322,825

305,358

Cash at bank

145

17,225

322,970

322,583

CREDITORS

Amounts falling due within one year

8

199,065

286,553

NET CURRENT ASSETS

123,905

36,030

TOTAL ASSETS LESS CURRENT LIABILITIES

435,319

425,591

CREDITORS

Amounts falling due after more than one year

9

-

16,667

NET ASSETS

435,319

408,924

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

434,319

407,924

SHAREHOLDERS' FUNDS

435,319

408,924

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by:

Mr R P Mistry - Director

1.	STATUTORY INFORMATION

Chadworth Investments 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 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Intangible assets

Cryptocurrency is recognized as an intangible asset and measured initially at cost. Subsequent to initial recognition,cryptocurrency is carried using the revaluation model as permitted under Section 18 of FRS 102, where there is an active market for the asset. The asset is revalued to its fair value at each reporting date, with revaluation gains recognized in other comprehensive income and accumulated in Equity - Other reserves.

A decrease in carrying amount is recognized in profit or loss unless it reverses a previous revaluation surplus for the same asset, in which case it is charged to the extent of the credit balance existing in the other reserve for that asset.

Cryptocurrency is considered to have an indefinite useful life under FRS 102 and is not amortized. However, it is tested for impairment annually or when there is an indication of impairment.

Tangible fixed assets

Depreciation is provided at rates calculated to write off the cost residual value of each asset over its expected useful life, as follows:

Computer Equipment - 33.33% Straight Line Method

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Fixed assets investment

Investments are included in the balance sheet at cost less any provision for impairment. The Company assess investments for impairment whenever events or changes in circumstances indicate that the carrying value of an investment may not be recoverable.

If such an indication of impairment exists, the Company makes an estimate of the recoverable amount of the investment. If the recoverable amount is less than the value of the investment, the investment is written down to the recoverable amount.

An impairment loss is recognised immediately in the profit and loss account. If the impairment is not considered to be a permanent diminution in value it may reverse in a future period to the extent that it is no longer considered necessary.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST OR VALUATION

Additions

367,703

Revaluations

(56,634

)

At 30 November 2024

311,069

NET BOOK VALUE

At 30 November 2024

311,069

Cost or valuation at 30 November 2024 is represented by:

Other

intangible

assets

£

Valuation in 2024

311,069

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 December 2023

and 30 November 2024

69,774

3,195

72,969

DEPRECIATION

At 1 December 2023

and 30 November 2024

69,774

3,195

72,969

NET BOOK VALUE

At 30 November 2024

-

-

-

At 30 November 2023

-

-

-

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 December 2023

389,561

Disposals

(379,159

)

Revaluations

(10,057

)

At 30 November 2024

345

NET BOOK VALUE

At 30 November 2024

345

At 30 November 2023

389,561

Cost or valuation at 30 November 2024 is represented by:

Other

investments

£

Valuation in 2023

389,561

Valuation in 2024

(389,216

)

345

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Loan to related parties

322,825

305,358

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

16,667

10,000

Trade creditors

4,317

3,069

Amounts owed to connected company

150,000

150,000

Corporation Tax payable

1,908

-

Shareholders' loans

24,925

122,485

Accruals and deferred income

1,248

999

199,065

286,553

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

-

10,000

Bank loans - 2-5 years

-

6,667

-

16,667

10.	RELATED PARTY DISCLOSURES

As at the balance sheet date the company owed £24,925 (2023: £122,485) to the shareholders of the company. The loan is interest free and repayable on demand.

As at 30 November 2024 the company owed £150,000 (2023: £150,000) to Foldbond Limited.

Chadworth Investments Limited and Foldbond Limited are connected companies by virtue of having a common director.

An unsecured loan of £6,798 provided to Speckle Properties Limited which is interest free and repayable on demand and related by virtue of having a common director.

An unsecured loan of £300,000 provided to Opaloak Investments Limited which is carrying interest of 10% p.a. and repayable on demand and related by virtue of having a common director.