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Registered number: 2094651 CHP MANAGEMENT LIMITED UNAUDITED DIRECTORS' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
CHP MANAGEMENT LIMITED COMPANY INFORMATION
DIRECTORS | Mark Pears
| Sir Trevor Pears CMG
| David Pears
COMPANY SECRETARY | William Bennett
REGISTERED NUMBER | 2094651
REGISTERED OFFICE | 12th Floor
| Aldgate Tower
| 2 Leman Street
| London
| E1W 9US
CHP MANAGEMENT LIMITED CONTENTS
| Page
Directors' Report | 1
Statement of Comprehensive Income | 2
Statement of Financial Position | 3
Statement of Changes in Equity | 4
Notes to the Financial Statements | 5 - 12
CHP MANAGEMENT LIMITED DIRECTORS' REPORT FOR THE YEAR ENDED 30 APRIL 2025 The directors present their report and the financial statements for the year ended 30 April 2025.
PRINCIPAL ACTIVITY
The principal activity of the company is property managers.
DIRECTORS
The directors who served during the year were:
Mark Pears
Sir Trevor Pears CMG
David Pears
SMALL COMPANIES NOTE
In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006. This report was approved by the board on 12 November 2025 and signed on its behalf.
William Bennett Secretary
Page 1
CHP MANAGEMENT LIMITED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 APRIL 2025
| 2025 | 2024
Note | £ | £
Turnover |  | 2,023,773 | 1,666,880
GROSS PROFIT |  | 2,023,773 | 1,666,880
Administrative expenses |  | (1,730,297) | (1,572,174)
OPERATING PROFIT |  | 293,476 | 94,706
Interest receivable and similar income |  | 1,162,222 | 602,881
Interest payable and similar expenses | 4 | (1,349,691) | (608,090)
PROFIT BEFORE TAX |  | 106,007 | 89,497
Tax on profit | 5 | (26,260) | (24,944)
PROFIT FOR THE FINANCIAL YEAR |  | 79,747 | 64,553
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |  | 79,747 | 64,553
The notes on pages 5 to 12 form part of these financial statements.
Page 2
CHP MANAGEMENT LIMITED REGISTERED NUMBER: 2094651 STATEMENT OF FINANCIAL POSITION AS AT 30 APRIL 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
FIXED ASSETS |  |  |  |  |
Tangible assets | 6 |  | 4,699 |  | 6,266
|  |  | 4,699 |  | 6,266
CURRENT ASSETS |  |  |  |  |
Debtors: amounts falling due within one year | 7 | 2,516,242 |  | 1,884,560 |
Cash at bank and in hand |  | 1,081,215 |  | 1,525,227 |
|  | 3,597,457 |  | 3,409,787 |
Creditors: amounts falling due within one year | 8 | (2,690,821) |  | (2,584,465) |
NET CURRENT ASSETS |  |  | 906,636 |  | 825,322
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 911,335 |  | 831,588
NET ASSETS |  |  | 911,335 |  | 831,588
CAPITAL AND RESERVES |  |  |  |  |
Called up share capital |  |  | 4 |  | 4
Profit and loss account | 9 |  | 911,331 |  | 831,584
TOTAL EQUITY |  |  | 911,335 |  | 831,588
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 November 2025.
David Pears
Director
The notes on pages 5 to 12 form part of these financial statements. Page 3
CHP MANAGEMENT LIMITED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 APRIL 2025
| Called up share capital | Profit and loss account | Total equity
| £ | £ | £
At 1 May 2024 | 4 | 831,584 | 831,588
COMPREHENSIVE INCOME FOR THE YEAR |  |  |
Profit for the year | - | 79,747 | 79,747
TOTAL COMPREHENSIVE INCOME FOR THE YEAR | - | 79,747 | 79,747
AT 30 APRIL 2025 | 4 | 911,331 | 911,335
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 APRIL 2024
| Called up share capital | Profit and loss account | Total equity
| £ | £ | £
At 1 May 2023 | 4 | 767,031 | 767,035
COMPREHENSIVE INCOME FOR THE YEAR |  |  |
Profit for the year | - | 64,553 | 64,553
TOTAL COMPREHENSIVE INCOME FOR THE YEAR | - | 64,553 | 64,553
AT 30 APRIL 2024 | 4 | 831,584 | 831,588
| The notes on pages 5 to 12 form part of these financial statements.
Page 4
CHP MANAGEMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
1. | GENERAL INFORMATION
CHP Management Limited is a private company limited by shares incorporated in England and Wales. The registered office is 12th Floor, Aldgate Tower, 2 Leman Street, London, E1W 9US. The principal place of business is Haskell House, 152 West End Lane, London, NW6 1SD. 2.ACCOUNTING POLICIES
| 2.1 | BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 other than where additional disclosure is required to show a true and fair view. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. The company's functional and presentational currency is GBP and rounded to the nearest £1. The following principal accounting policies have been applied:
| 2.2 | GOING CONCERN
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing these financial statements.
| 2.3 | TURNOVER
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the fees receivable, exclusive of Value Added Tax.
| 2.4 | INTEREST INCOME
Interest income is recognised in profit or loss using the effective interest method.
| 2.5 | FINANCE COSTS
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.6 | BORROWING COSTS
All borrowing costs are recognised in profit or loss in the year in which they are incurred. Page 5
CHP MANAGEMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.7 | PENSIONS
DEFINED CONTRIBUTION PENSION PLAN The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.
| 2.8 | TAXATION
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
| 2.9 | TANGIBLE FIXED ASSETS
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Motor vehicles | - | 25% reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.10 | DEBTORS
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. Page 6
CHP MANAGEMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.11 | CASH AND CASH EQUIVALENTS
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.12 | CREDITORS
Short term creditors are measured at the transaction price.
| 2.13 | FINANCIAL INSTRUMENTS
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Impairment of financial assets At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss. Financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities. Page 7
CHP MANAGEMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.13 | FINANCIAL INSTRUMENTS (CONTINUED)
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Derecognition of financial instruments Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained. Derecognition of financial liabilities Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
| 2.14 | DIVIDENDS
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.
3. | EMPLOYEES
| The average monthly number of employees, including the directors, during the year was as follows:
|  |  | 2025 | 2024
|  |  | No. | No.
|  | Administration | 15 | 15
Page 8
CHP MANAGEMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
4. | INTEREST PAYABLE AND SIMILAR CHARGES
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| On sundry loans | 1,349,691 | 607,185
| Other interest payable | - | 905
|  | 1,349,691 | 608,090
5. | TAXATION
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| CORPORATION TAX |  |
| Current tax on profits for the year | 26,260 | 24,944
|  | 26,260 | 24,944
| TOTAL CURRENT TAX | 26,260 | 24,944
| FACTORS AFFECTING TAX CHARGE FOR THE YEAR
| The tax assessed for the year is lower than (2024 -higher than) the standard rate of corporation tax in the UK of 25% (2024 -25%). The differences are explained below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Profit on ordinary activities before tax | 106,007 | 89,497
| Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 -25%) | 26,502 | 22,374
| EFFECTS OF: |  |
| Expenses not deductible for tax purposes | - | 2,305
| Capital allowances for year in excess of depreciation | (242) | 265
| TOTAL TAX CHARGE FOR THE YEAR | 26,260 | 24,944
| FACTORS THAT MAY AFFECT FUTURE TAX CHARGES
There were no factors that may affect future tax charges. Page 9
CHP MANAGEMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
6. | TANGIBLE FIXED ASSETS
|  | Motor vehicles
|  | £
| COST |
| At 1 May 2024 | 15,500
| At 30 April 2025 | 15,500
| DEPRECIATION |
| At 1 May 2024 | 9,234
| Charge for the year on owned assets | 1,567
| At 30 April 2025 | 10,801
| NET BOOK VALUE |
| At 30 April 2025 | 4,699
| At 30 April 2024 | 6,266
7. | DEBTORS
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed by clients | 533,709 | 555,293
| Sundry loans | 408,791 | -
| Other debtors | 1,573,742 | 1,322,955
| Prepayments & accrued income | - | 6,312
|  | 2,516,242 | 1,884,560
Page 10
CHP MANAGEMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank overdrafts | 337,806 | 43,508
| Sundry loans | 3,373 | 102,831
| Other taxation and social security | 210,783 | 43,762
| Other creditors | 2,020,921 | 2,297,226
| Accruals and deferred income | 117,938 | 97,138
|  | 2,690,821 | 2,584,465
9. | RESERVES
Profit & loss account The profit and loss account includes all current and prior year retained profits and losses. Page 11
CHP MANAGEMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
10. | RELATED PARTY TRANSACTIONS
| During the year there were the following transactions with companies and entities in which the directors Mark Pears, Sir Trevor Pears CMG and David Pears have an interest.
|  | 2025 | 2024
|  | £ | £
| Management fees payable | 49,000 | 57,000
| Fees receivable | 1,338,000 | 1,175,000
| Loan interest receivable from The William Pears Group of Companies Limited | 1,148,631 | 589,565
| Loan interest payable to WPG Treasury Limited | 1,349,691 | 607,185
| At the year end there were the following balances with companies and entities in which the directors Mark Pears, Sir Trevor Pears CMG and David Pears have an interest.
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Loan due to WPG Treasury Limited | - | 52,146
| Loan due from/(to) The William Pears Group of Companies Limited | 408,791 | (50,685)
| Management fee payable | 49,000 | 57,000
| Debtors include £1,163,292 (2024 - £1,163,292) in respect of amounts owed from various related companies in which the directors Mark Pears, Sir Trevor Pears CMG and David Pears have an interest. Creditors include £191,838 (2024 - £191,838) in respect of amounts owed to various related companies in which the directors Mark Pears, Sir Trevor Pears CMG and David Pears have an interest.
Page 12