Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Richard Beenstock 25/06/2024 Gunnar Sigurdsson 25/06/2024 22/08/2018 13 October 2025 The principal activity of the company is that of an investment company. 11532374 2024-12-31 11532374 bus:Director1 2024-12-31 11532374 bus:Director2 2024-12-31 11532374 2023-12-31 11532374 core:CurrentFinancialInstruments 2024-12-31 11532374 core:CurrentFinancialInstruments 2023-12-31 11532374 core:ShareCapital 2024-12-31 11532374 core:ShareCapital 2023-12-31 11532374 core:SharePremium 2024-12-31 11532374 core:SharePremium 2023-12-31 11532374 core:RevaluationReserve 2024-12-31 11532374 core:RevaluationReserve 2023-12-31 11532374 core:RetainedEarningsAccumulatedLosses 2024-12-31 11532374 core:RetainedEarningsAccumulatedLosses 2023-12-31 11532374 core:CostValuation 2023-12-31 11532374 core:CostValuation 2024-12-31 11532374 core:ProvisionsForImpairmentInvestments 2023-12-31 11532374 core:ImpairmentLossProvisionsForImpairmentInvestments 2024-12-31 11532374 core:ProvisionsForImpairmentInvestments 2024-12-31 11532374 bus:OrdinaryShareClass1 2024-12-31 11532374 2024-01-01 2024-12-31 11532374 bus:FilletedAccounts 2024-01-01 2024-12-31 11532374 bus:SmallEntities 2024-01-01 2024-12-31 11532374 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 11532374 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11532374 bus:Director1 2024-01-01 2024-12-31 11532374 bus:Director2 2024-01-01 2024-12-31 11532374 2023-01-01 2023-12-31 11532374 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 11532374 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 11532374 1 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11532374 (England and Wales)

# CHC ACQUISITION LIMITED

### Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

CHC ACQUISITION LIMITED

## Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

CHC ACQUISITION LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 31 December 2024
CHC ACQUISITION LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2024

| Note | 31.12.2024 |  | 31.12.2023
|  | £ |  | £
Fixed assets |  |  |  |
Investments | 4 | 29,256,428 |  | 30,665,469
|  | 29,256,428 |  | 30,665,469
Current assets |  |  |  |
Cash at bank and in hand | 5 | 2,740 |  | 2,740
|  | 2,740 |  | 2,740
Creditors: amounts falling due within one year | 6 | ( 11,221) |  | ( 11,281)
Net current liabilities |  | (8,481) |  | (8,541)
Total assets less current liabilities |  | 29,247,947 |  | 30,656,928
Net assets |  | 29,247,947 |  | 30,656,928
Capital and reserves |  |  |  |
Called-up share capital | 7 | 8,200,579 |  | 8,200,579
Share premium account |  | 3,398,843 |  | 3,398,843
Revaluation reserve |  | 17,659,996 |  | 19,069,037
Profit and loss account |  | ( 11,471 ) |  | ( 11,531 )
Total shareholders' funds |  | 29,247,947 |  | 30,656,928

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.

Director's 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 director acknowledges 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of CHC Acquisition Limited (registered number: 11532374) were approved and authorised for issue by the Director. They were signed on its behalf by:

Richard Beenstock Director |

13 October 2025

CHC ACQUISITION LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
CHC ACQUISITION LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024

##### 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

CHC Acquisition 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 103 Nations House, Wigmore Street, London, W1U 1QS, 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 £.

##### Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### 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 creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

The Company only enters into basic financial instruments and 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 and from related parties and investments in non-puttable ordinary shares.

Investments
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gain and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be measured reliably, investments are measured at cost less impairment.

#### 2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the director has made in the process of applying the company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

#### 3. Employees

| 31.12.2024 |  | 31.12.2023
| Number |  | Number
Monthly average number of persons employed by the company during the year, excluding the director | 0 |  | 0

#### 4. Fixed asset investments

| 31.12.2024 |  | 31.12.2023
| £ |  | £
Other investments and loans | 29,256,428 |  | 30,665,469

| Other investments |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 January 2024 | 30,665,469 |  | 30,665,469
At 31 December 2024 | 30,665,469 |  | 30,665,469
Provisions for impairment |  |  |
At 01 January 2024 | 0 |  | 0
Impairment | 1,409,041 |  | 1,409,041
At 31 December 2024 | 1,409,041 |  | 1,409,041
Carrying value at 31 December 2024 | 29,256,428 |  | 29,256,428
Carrying value at 31 December 2023 | 30,665,469 |  | 30,665,469

#### 5. Cash and cash equivalents

| 31.12.2024 |  | 31.12.2023
| £ |  | £
Cash at bank and in hand | 2,740 |  | 2,740

#### 6. Creditors: amounts falling due within one year

| 31.12.2024 |  | 31.12.2023
| £ |  | £
Amounts owed to group undertakings | 6,009 |  | 3,609
Other creditors | 5,212 |  | 7,672
| 11,221 |  | 11,281

#### 7. Called-up share capital

| 31.12.2024 |  | 31.12.2023
| £ |  | £
Allotted, called-up and fully-paid |  |  |
8,200,579 A ordinary shares of £ 1.00 each | 8,200,579 |  | 8,200,579

#### 8. Events after the Balance Sheet date

There have been no events after the balance sheet date affecting the company since the financial year.