REGISTERED NUMBER: 14865996 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Bonaccord Champion MH Investor Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Chitkara

A Man

SECRETARY:

Elemental Company Secretary Limited

REGISTERED OFFICE:

27 Old Gloucester Street

London

United Kingdom

WC1N 3AX

REGISTERED NUMBER:

14865996 (England and Wales)

ACCOUNTANTS:

Elemental CoSec Limited

27 Old Gloucester Street

London

WC1N 3AX

FIXED ASSETS

Investments

4

166,396,279

143,377,282

CURRENT ASSETS

Debtors

5

70,850,439

106,275,000

Cash at bank

225

304,464

70,850,664

106,579,464

CREDITORS

Amounts falling due within one year

6

38,044,424

35,425,596

NET CURRENT ASSETS

32,806,240

71,153,868

TOTAL ASSETS LESS CURRENT LIABILITIES

199,202,519

214,531,150

CREDITORS

Amounts falling due after more than one year

7

74,392,500

90,333,750

NET ASSETS

124,810,019

124,197,400

RESERVES

Other reserves

101,579,369

123,928,532

Retained earnings

23,230,650

268,868

124,810,019

124,197,400

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 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 4 November 2025 and were signed on its behalf by:

A Man - Director

1.	STATUTORY INFORMATION

Bonaccord Champion MH Investor 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Reporting period

The financial statements represent a period of accounts between 01 January 2024 and 31 December 2024. Therefore the figures are not directly comparable with the prior period of 8 months.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.12.24

31.12.23

£

£

Investment in Project Champion

166,396,279

143,377,282

5.

DEBTORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Other debtors

35,425,439

35,425,000

Amounts falling due after more than one year:

Other debtors

35,425,000

70,850,000

Aggregate amounts

70,850,439

106,275,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Taxation and social security

333,241

-

Other creditors

37,711,183

35,425,596

38,044,424

35,425,596

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

74,392,500

90,333,750

8.	ULTIMATE CONTROLLING PARTY

The immediate controlling party is Bonaccord Champion Blocker Limited, a company registered and incorporated in the Cayman Islands with company registration number: MC-399864, by virtue of holding 100% of the share capital.