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REGISTERED NUMBER: 04042840 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CHC ASSETS LTD

CHC ASSETS LTD (REGISTERED NUMBER: 04042840)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Statement of Financial Position 1

Notes to the Financial Statements 3


CHC ASSETS LTD (REGISTERED NUMBER: 04042840)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 27,366
Investments 5 1,500,186 1,668,531
Investment property 6 - 10,238,534
1,500,186 11,934,431

CURRENT ASSETS
Debtors 7 1,412,131 12,038
Cash at bank 899,338 694,354
2,311,469 706,392
CREDITORS
Amounts falling due within one year 8 4,840,899 13,540,516
NET CURRENT LIABILITIES (2,529,430 ) (12,834,124 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(1,029,244
)
(899,693
)

PROVISIONS FOR LIABILITIES - 5,200
NET LIABILITIES (1,029,244 ) (904,893 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Non-distributable reserves 10 - (1,799,562 )
Retained earnings 10 (1,029,344 ) 894,569
SHAREHOLDERS' FUNDS (1,029,244 ) (904,893 )

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 December 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 notes form part of these financial statements

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CHC ASSETS LTD (REGISTERED NUMBER: 04042840)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:





C Osman - Director


The notes form part of these financial statements

Page 2
CHC ASSETS LTD (REGISTERED NUMBER: 04042840)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

CHC Assets Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04042840

Registered office: 368 Forest Road
London
E17 5JF

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment Property revaluation reflects the change in property value in the local currency wherever situated.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.


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CHC ASSETS LTD (REGISTERED NUMBER: 04042840)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern
The company continues with the support of it's director and it's connected companies which will not allow any of it's creditors to suffer as a result of the Directors decision to allow the company to continue to operate under the circumstances.

Thus the Directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 34,782 41,520 538 76,840
Disposals (34,782 ) (41,520 ) (538 ) (76,840 )
At 31 December 2024 - - - -
DEPRECIATION
At 1 January 2024 22,710 26,354 410 49,474
Charge for year 3,018 3,791 32 6,841
Eliminated on disposal (25,728 ) (30,145 ) (442 ) (56,315 )
At 31 December 2024 - - - -
NET BOOK VALUE
At 31 December 2024 - - - -
At 31 December 2023 12,072 15,166 128 27,366

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CHC ASSETS LTD (REGISTERED NUMBER: 04042840)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Collectable investments-Cost 1,668,531 1,441,637
Additions 55,245 231,894
Disposals (223,590 ) (5,000 )
1,500,186 1,668,531

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 10,238,534
Additions 868,398
Disposals (11,106,932 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 10,238,534

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by connected undertakings 1,403,556 -
Other debtors 8,575 12,038
1,412,131 12,038

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to connected undertakings 4,728,836 13,095,280
Other creditors 112,063 445,236
4,840,899 13,540,516

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

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CHC ASSETS LTD (REGISTERED NUMBER: 04042840)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


10. RESERVES
Retained Non-distributable
earnings reserves Totals
£    £    £   

At 1 January 2024 894,569 (1,799,562 ) (904,993 )
Deficit for the year (124,351 ) (124,351 )
Transfers (1,799,562 ) 1,799,562 -
At 31 December 2024 (1,029,344 ) - (1,029,344 )

It is the company's policy to only allow the distribution of retained profits to the shareholders after the deduction of all net revaluation reserve losses to date.

Transfer and elimination of revaluation reserve relate to the disposal of investment properties during the year.

11. RELATED PARTY DISCLOSURES

The Company's related parties, the nature of the relationship and the extent of the transactions with them are summarised below:

20242023
£   £   
Amounts owed by Connected Undertakings1,403,556-
Amounts owed to Connected Undertakings4,728,83613,095,280
Amounts owed by/ (to) C Osman, Director(103,423)(438,036)

Related Party Relationship:

Connected Undertakings
Charing Care Limited
Charing Gardens Limited
Charing Oast Limited
Charing Vale Limited
Charing Holdings Limited
Charing Court Investments Limited
Charing Hill Limited

Connected Undertakings
A company having the same or predominantly the same shareholders and or Board of Directors but which neither is a parent, subsidiary, fellow subsidiary nor associated company.

12. ULTIMATE CONTROLLING PARTY

The controlling party is C Osman.

Page 6