Company No: 11532374 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	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

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.