CHG1 Limited

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—5

Registered number: 08445653

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		1,936,713		1,936,713

			1,936,713		1,936,713
CURRENT ASSETS
Debtors		3,468,775		3,416,953
Investments		3,440,232		2,905,060
Cash at bank and in hand		6,121,099		4,487,821

		13,030,106		10,809,834
Creditors: Amounts Falling Due Within One Year		(4,955,977 )		(5,353,439 )

NET CURRENT ASSETS (LIABILITIES)			8,074,129		5,456,395

TOTAL ASSETS LESS CURRENT LIABILITIES			10,010,842		7,393,108

PROVISIONS FOR LIABILITIES
Deferred Taxation			(263,992 )		(54,060 )

NET ASSETS			9,746,850		7,339,048

CAPITAL AND RESERVES
Called up share capital	5		1,926,980		1,926,980
Profit and Loss Account			7,819,870		5,412,068

SHAREHOLDERS' FUNDS			9,746,850		7,339,048

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CHG1 Limited

Abridged Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr David Power

Director

12/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

CHG1 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08445653 . The registered office is Kings House, 3rd Floor, Kymberley Road, Harrow, HA1 1PT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention except for certain investments which are measured at fair value as set out in the accounting policies below.

Judgements and key estimation uncertainty

The preparation of financial statements requires management to make judgements estimates and assumptions that affect the application of accounting policies and the reported amounts of assets and liabilities.

The areas involving a higher degree of judgement or complexity are:

assessment of recoverability of amounts due from associated undertakings

assessment of impairment indicators in respect of investments in associates

recognition and measurement of deferred taxation

Management considers these judgements to be reasonable and appropriate based on information available at the reporting date.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

Accordingly the financial statements have been prepared on a going concern basis.

2.3. Foreign Currencies

Foreign currency transactions are translated into sterling using an average exchange rate of €1.1683 to £1 at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange at the date of the transaction and nonmonetary items measured at fair value using exchange rates when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the profit and loss account.

2.4. Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

(i) Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

(ii) Deferred tax

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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CHG1 Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2025

2.4. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

The deferred tax liability at the balance sheet date primarily arises from unrealised fair value movements on investments recognised in the profit and loss account.

Current or deferred tax for the year is recognised in the profit and loss account.

Management expects the deferred tax liability to reverse as the underlying investments are realised.

2.5. Investments

(i) Investments in associates are held at cost less any accumulated impairment losses.

An associate is an entity over which the company has significant influence but not control.

Impairment assessment

At each reporting date the company assesses whether there are indicators that investments in associates may be impaired. This assessment includes consideration of:

the financial performance and net asset position of the associate

the ability of the associate to generate sufficient future cash flows

the recoverability of amounts advanced to the associate

Based on this assessment management has concluded that no impairment charge is required at the reporting date.

(ii) Short term investments in quoted securities are initially recorded at cost. At each period end these investments are revalued at the quoted closing market price. Changes in value are recognised in the profit and loss account.

2.6. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Directors	2	2

	2	2

4. Investments

	Total
	£
Cost
As at 1 April 2024	1,936,713

As at 31 March 2025	1,936,713

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	1,936,713

As at 1 April 2024	1,936,713

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CHG1 Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2025

Total fixed asset investments comprise of interests in associates.

5. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
8 Ordinary Shares of £ 1.000 each	8	8
1 Ordinary A shares of £ 1.000 each	1	1
1 Ordinary B shares of £ 1.000 each	1	1

	10	10

Preference Shares

	2025	2024
Allotted, called up and fully paid	£	£
1,926,970 Preference Shares of £ 1.000 each	1,926,970	1,926,970

6. Related Party Transactions

(i) Other debtors include the following amounts due from related parties which are repayable on demand : -

Loans to associated companies as at 31/3/2025:£3,310,779 (2024:£3,392,393)

(ii) Other creditors include the following amounts due to related parties which are payable on demand : -

Loans from a director and his close family members as at 31/3/2025:£4,918,609 (2024: £5,323,296).

These balances are unsecured repayable on demand and are interest free.

The directors consider the terms of these arrangements to be appropriate and in the best interests of the company.

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