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REGISTERED NUMBER: 01039944 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Chesterhill Investments Limited

Chesterhill Investments Limited (Registered number: 01039944)

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

Company Information | 1 |

Chartered Accountants' Report | 2 |

Balance Sheet | 3 |

Notes to the Financial Statements | 5 |

Chesterhill Investments Limited

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | B A Binstock FCA

| P E Binstock

| S D Cole

| SECRETARY: | S D Cole

| REGISTERED OFFICE: | Albany House

| 10 Wood Street

| Barnet

| Herts

| EN5 4BW

| REGISTERED NUMBER: | 01039944 (England and Wales)

| ACCOUNTANTS: | Cartwrights

| Chartered Accountants and Business Advisors

| Regency House

| 33 Wood Street

| Barnet

| Hertfordshire

| EN5 4BE

| SOLICITORS: | Penman Sedgwick LLP

| 5 George Street

| Watford

| Herts

| WD18 0SQ

Chartered Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

Chesterhill Investments Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Chesterhill Investments Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Chesterhill Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Chesterhill Investments Limited and state those matters that we have agreed to state to the Board of Directors of Chesterhill Investments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chesterhill Investments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Chesterhill Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Chesterhill Investments Limited. You consider that Chesterhill Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Chesterhill Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Cartwrights

Chartered Accountants and Business Advisors

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

24 October 2025

Chesterhill Investments Limited (Registered number: 01039944)

Balance Sheet

31 March 2025

| 31/3/25 | 31/3/24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 4 | 400,400 |  | 400,400 |  |

Investment property | 5 | 11,238,448 |  | 10,940,296 |  |

11,638,848 |  | 11,340,696 |  |

CURRENT ASSETS

Stocks | 30,348,761 |  | 30,031,308 |  |

Debtors | 6 | 1,075,887 |  | 1,091,909 |  |

Cash at bank and in hand | 133,900 |  | 68 |  |

31,558,548 |  | 31,123,285 |  |

CREDITORS

Amounts falling due within one year | 7 | 16,962,516 |  | 1,602,325 |  |

NET CURRENT ASSETS | 14,596,032 |  | 29,520,960 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 26,234,880 |  | 40,861,656 |  |

CREDITORS

Amounts falling due after more than one year | 8 | - |  | (15,000,000 | ) |

PROVISIONS FOR LIABILITIES | 10 | (1,386,369 | ) | (1,386,369 | ) |

NET ASSETS | 24,848,511 |  | 24,475,287 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 100 |  | 100 |  |

Retained earnings | 12 | 24,848,411 |  | 24,475,187 |  |

SHAREHOLDERS' FUNDS | 24,848,511 |  | 24,475,287 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Chesterhill Investments Limited (Registered number: 01039944)

Balance Sheet - continued

31 March 2025

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 24 October 2025 and were signed on its behalf by:

B A Binstock FCA - Director

Chesterhill Investments Limited (Registered number: 01039944)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Chesterhill Investments 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 as modified by the revaluation of certain assets.

| Investments in associates

| Investments in associate undertakings are recognised at cost.

| 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.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Turnover

| Turnover represents the net sale proceeds from properties previously held as trading stock together with the amount of gross rents receivable. A sale of a property is recognised on an unconditional exchange of contracts.

| Deferred taxation

| Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 7 (2024 - 7 ) .

4. | FIXED ASSET INVESTMENTS

| Group |  | Other |

| Investments |  | investments |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024

| and 31 March 2025 | 400 |  | 400,000 |  | 400,400 |  |

| NET BOOK VALUE

| At 31 March 2025 | 400 |  | 400,000 |  | 400,400 |  |

| At 31 March 2024 | 400 |  | 400,000 |  | 400,400 |  |

| None of the subsidiary undertakings traded during the year.

Chesterhill Investments Limited (Registered number: 01039944)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024 | 10,940,296 |  |

| Additions | 298,152 |  |

| At 31 March 2025 | 11,238,448 |  |

| NET BOOK VALUE

| At 31 March 2025 | 11,238,448 |  |

| At 31 March 2024 | 10,940,296 |  |

| Some of the investment properties were valued on an open market basis in December 2021 by BNP Paribas. Where an investment property was not valued by BNP Paribas the directors have given their assessment of value on the same basis.

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31/3/25 |  | 31/3/24

£ | £ |

| Trade debtors | 350,549 |  | 344,007 |  |

| Other debtors | 725,338 |  | 747,902 |  |

1,075,887 |  | 1,091,909 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31/3/25 |  | 31/3/24

£ | £ |

| Bank loans and overdrafts (see note 9) | 15,500,000 |  | 142,308 |  |

| Trade creditors | 86,011 |  | 47,533 |  |

| Taxation and social security | 235,792 |  | 270,695 |  |

| Other creditors | 1,140,713 |  | 1,141,789 |  |

16,962,516 |  | 1,602,325 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31/3/25 |  | 31/3/24

£ | £ |

| Bank loans (see note 9) | - |  | 15,000,000 |  |

9. | LOANS

| An analysis of the maturity of loans is given below:

| 31/3/25 |  | 31/3/24

£ | £ |

| Amounts falling due within one year or on demand:

| Bank overdrafts | - |  | 142,308 |  |

| Bank loans | 15,500,000 |  | - |  |

15,500,000 |  | 142,308 |  |

Chesterhill Investments Limited (Registered number: 01039944)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

9. | LOANS - continued

| 31/3/25 |  | 31/3/24

£ | £ |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | - |  | 15,000,000 |  |

| The company has loan facilities totalling £15,500,000 as at 31 March 2025, all of which had been drawn at the balance sheet date.

| These bank loans are secured by fixed and floating charges over properties owned by the company. The loans are repayable as follows:

| Repayable 22/04/2025, £15,000,000

| Repayable 26/04/2025, £500,000

| Each loan attracts an average interest rate of 2.15% above Bank of England base rate.

10. | PROVISIONS FOR LIABILITIES

| 31/3/25 |  | 31/3/24

£ | £ |

| Deferred tax | 1,386,369 |  | 1,386,369 |  |

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 1,386,369 |  |

| Balance at 31 March 2025 | 1,386,369 |  |

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31/3/25 |  | 31/3/24

| value: | £ | £ |

| 600 | A shares | 0.10 | 60 |  | 60 |  |

| 200 | B shares | 0.10 | 20 |  | 20 |  |

| 200 | C shares | 0.10 | 20 |  | 20 |  |

100 |  | 100 |  |

12. | RESERVES

| Retained

| earnings

£ |

| At 1 April 2024 | 24,475,187 |  |

| Profit for the year | 624,224 |  |

| Dividends | (251,000 | ) |

| At 31 March 2025 | 24,848,411 |  |

Chesterhill Investments Limited (Registered number: 01039944)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

13. | OTHER FINANCIAL COMMITMENTS

| At 31 March 2025 the company was committed to paying rent of £26,000 (2024: £26,000) under a non-cancellable operating lease which expires in over five years.

14. | RELATED PARTY DISCLOSURES

| During the year, total dividends of £251,000 (2024 - £168,000) were paid to the directors .

| Chesterhill Investments Limited paid rent of £29,300 (2024: £26,750) to IPS Pension Builder, a scheme in which Mr and Mrs Binstock are members and trustees.

| A donation of £105,000 (2024: £100,000) was paid to Chesterhill Charitable Trust Ltd during the year. B A Binstock and P E Binstock are also directors of this charitable company.

| At the year end Mr Binstock was owed £303 (2024: £313) by the company.

| Within other debtors is £709,258 (2024: £704,137) owed by Startlink Ltd., a company in which the director, B Binstock, is a director and shareholder.

15. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is B A Binstock FCA.