REGISTERED NUMBER: 03336542 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CHASEOPTION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

H H Morrison

A D Morrison

SECRETARY:

A D Morrison

REGISTERED OFFICE:

Sandrock Villa

Sandrock Road

Tunbridge Wells

Kent

TN2 3PT

REGISTERED NUMBER:

03336542 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

2nd Floor

Medway Bridge House

1-8 Fairmeadow

Maidstone

Kent

ME14 1JP

FIXED ASSETS

Investment property

4

78,500

102,000

CURRENT ASSETS

Debtors

5

12,539

794

Cash at bank and in hand

40,134

165,581

52,673

166,375

CREDITORS

Amounts falling due within one year

6

10,433

3,000

NET CURRENT ASSETS

42,240

163,375

TOTAL ASSETS LESS CURRENT LIABILITIES

120,740

265,375

PROVISIONS FOR LIABILITIES

875

875

NET ASSETS

119,865

264,500

CAPITAL AND RESERVES

Called up share capital

119,000

280,000

Non distributable reserves

2,625

3,375

Retained earnings

(1,760

)

(18,875

)

SHAREHOLDERS' FUNDS

119,865

264,500

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.

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 12 December 2025 and were signed on its behalf by:

A D Morrison - Director

1.	STATUTORY INFORMATION

Chaseoption 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.

Going Concern

Accounting standards require the directors to consider the appropriateness of the going concern basis when preparing the financial statements. The directors confirm that they consider that the going concern basis remains appropriate. The directors believe that the company has sufficient resources to continue in operational existence for the foreseeable future. The directors believe this to be the case as the company has positive reserves, cash balances and no significant long term liabilities. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

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.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price.

Cash and Equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more then 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 accounts of cash with no significant risk of change in value.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of the financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 April 2024

102,000

Disposals

(26,000

)

Revaluations

2,500

At 31 March 2025

78,500

Net book value

At 31 March 2025

78,500

At 31 March 2024

102,000

The properties were revalued on the 28 February 2025 by the director, using the valuation prepared by McBeath Property Consultancy Limited. The valuation by McBeath Property Consultancy Limited was prepared for the properties as a whole and was apportioned according to the share owned by the company.

Fair value at 31 March 2025 is represented by:

£

Valuation in 2014 (10,000)

Valuation in 2015 (5,000)

Valuation in 2016 (3,000)

Valuation in 2017 (6,000)

Valuation in 2018 1,000

Valuation in 2019 6,000

Valuation in 2020 4,000

Valuation in 2021 (1,000)

Valuation in 2022 (1,000)

Valuation in 2023 (4,500)

Valuation in 2024 (3,500)

Valuation in 2025 2,500

Disposal in 2025 (26,000)

Cost 125,000

78,500

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

12,539

794

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

3,450

-

Taxation and social security

3,833

-

Other creditors

3,150

3,000

10,433

3,000

7.	RELATED PARTY DISCLOSURES

During the year A D Morrison, a director of the company, received management fees of £Nil (2024: £1,100).

8.	CORPORATE PARTNERSHIPS

The company was a member of a corporate partnership which was engaged in significant development projects. The partnership ceased trading on 18 August 2023 and the company's share of the partnerships profits for this period is taken from the partnerships accounts for the period ended 18 August 2023.

On 18 August 2023, trade and assets were transferred to a new LLP and the company sold its membership on 3 January 2024.

9.

CHARGES

There are charges registered at Companies House over the assets and undertakings of the company.