REGISTERED NUMBER: 07112486 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

CHART TL CAPITAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D P T Granter

Ms L J Vidal

REGISTERED OFFICE:

Second Floor Ridgeland House

15 Carfax

Horsham

West Sussex

RH12 1ER

REGISTERED NUMBER:

07112486 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Horsham) Limited

Ridgeland House

15 Carfax

Horsham

West Sussex

RH12 1ER

FIXED ASSETS

Investments

3

2,345,810

2,385,838

CURRENT ASSETS

Debtors

4

1,008,790

1,008,790

Investments

5

1,448,419

1,705,714

Cash at bank

5,259,289

5,300,131

7,716,498

8,014,635

CREDITORS

Amounts falling due within one year

6

(14,119,633

)

(426,235

)

NET CURRENT (LIABILITIES)/ASSETS

(6,403,135

)

7,588,400

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,057,325

)

9,974,238

CREDITORS

Amounts falling due after more than one year

7

-

(13,700,000

)

NET LIABILITIES

(4,057,325

)

(3,725,762

)

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

(4,057,327

)

(3,725,764

)

SHAREHOLDERS' FUNDS

(4,057,325

)

(3,725,762

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 November 2025 and were signed on its behalf by:

D P T Granter - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Preparation of consolidated financial statements

The financial statements contain information about Chart TL Capital Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Going concern

The company has £13,700,000 of preference shares with a mandatory redemption date of 31 December 2025. As at the balance sheet date, the company had negative distributable reserves of £4,057,325. Under the Companies Act 2006, the company is currently precluded from redeeming these shares due to the lack of distributable profits.

The directors are currently in discussions regarding the restructuring of this debt, and are confident that a formal agreement to extend the redemption will be finalised. As such, the accounts have been prepared on a going concern basis.

Investments held as current assets

Purchases and sales of investments are recognised on the trade date - the date on which the company becomes committed to purchase or sell the investment. Transaction costs are included in the profit and loss account as incurred. Investments held within current assets include secured and unsecured loans to small businesses and property developers, bridging loans and assets held with fund managers. Investments are held at cost less impairment provision.

2.	EMPLOYEES AND DIRECTORS

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

3.	FIXED ASSET INVESTMENTS

Investment

in

subsidiaries

£

COST OR VALUATION

At 1 July 2024

and 30 June 2025

2,345,810

PROVISIONS

At 1 July 2024

(40,028

)

Revaluation adjustments

40,028

At 30 June 2025

-

NET BOOK VALUE

At 30 June 2025

2,345,810

At 30 June 2024

2,385,838

Cost or valuation at 30 June 2025 is represented by:

Investment

in

subsidiaries

£

Cost

2,345,810

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

28,854

28,854

Prepayments and accrued income

979,936

979,936

1,008,790

1,008,790

5.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Unlisted investments

1,448,419

1,705,714

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Preference shares

13,700,000

-

Amounts owed to group undertak ings

410,795

410,795

Trade creditors

2,160

4,500

Accruals and deferred income

6,678

10,940

14,119,633

426,235

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Preference shares

-

13,700,000

The 6,850,000 £1 preference B shares and 6,850,000 £1 preference C shares are redeemable at par at the option of the company. In an event, if not already redeemed, any remaining shares will be redeemed on 31 December 2025.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary A shares of £1 each

£1

2

2

9.	RELATED PARTY DISCLOSURES

At the year end the company was owed £28,854 by a related party (2024: £28,854). The loan is interest free and repayable on demand.