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Company No: 15965009 (England and Wales)

# CHAK LIMITED

### Unaudited Financial Statements
For the financial period from 18 September 2024 to 30 September 2025
Pages for filing with the registrar

CHAK LIMITED

## Unaudited Financial Statements

For the financial period from 18 September 2024 to 30 September 2025

Contents

CHAK LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 30 September 2025
CHAK LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 30 September 2025

| Note | 30.09.2025
|  | £
Fixed assets |  |
Investment property | 3 | 870,989
|  | 870,989
Current assets |  |
Cash at bank and in hand | 4 | 34,407
|  | 34,407
Creditors: amounts falling due within one year | 5 | ( 805,071)
Net current liabilities |  | (770,664)
Total assets less current liabilities |  | 100,325
Net assets |  | 100,325
Capital and reserves |  |
Called-up share capital | 6 | 100
Revaluation reserve |  | 93,750
Profit and loss account |  | 6,475
Total shareholders' funds |  | 100,325

For the financial period ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the financial period in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Chak Limited (registered number: 15965009) were approved and authorised for issue by the Director. They were signed on its behalf by:

J Knowles Director |

08 January 2026

CHAK LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 18 September 2024 to 30 September 2025
CHAK LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 18 September 2024 to 30 September 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

##### General information and basis of accounting

Chak Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The director has valued the total investment at £870,989.

##### Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, 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.
Such assets are subsequently carried at amortised cost using the effective interest method.
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 the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and 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.

#### 2. Employees

| Period from 18.09.2024 to 30.09.2025
| Number
Monthly average number of persons employed by the company during the period, including the director | 1

#### 3. Investment property

| Investment property
| £
Valuation |
As at 18 September 2024 | 0
Additions | 777,239
Fair value movement | 93,750
As at 30 September 2025 | 870,989

Valuation

A full market valuation of investment property was completed by 30th September at the Statement of Financial Position date. The fair value of the group’s residential investment property at 30 September 2025 have been arrived at on the basis of valuations carried out on that date by external valuers having appropriate relevant professional qualifications and recent experience in the location and category of property being valued. The valuations performed which conform to the Valuations Standards of the Royal Institution of Chartered Surveyors and with the International Valuations Standards (IVS) 2013 were arrived at by reference to market evidence of transaction prices for similar properties. The comparison approach was used for all residential properties which involved reviewing recent market evidence from the sales of similar properties during the period.
For commercial investment property, the yield methodology was used which involved applying market derived capitalisation yields to current and market derived future income streams with appropriate adjustments for income voids arising from vacancies or rent free periods. These capitalisation yields and future income streams are derived from comparable property and leasing transactions.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

| 30.09.2025
| £
Historic cost | 777,239

#### 4. Cash and cash equivalents

| 30.09.2025
| £
Cash at bank and in hand | 34,407

#### 5. Creditors: amounts falling due within one year

| 30.09.2025
| £
Taxation and social security | 1,519
Other creditors | 803,552
| 805,071

#### 6. Called-up share capital

| 30.09.2025
| £
Allotted, called-up and fully-paid |
4 Ordinary A shares of £ 1.00 each | 4
32 Ordinary B shares of £ 1.00 each | 32
32 Ordinary C shares of £ 1.00 each | 32
32 Ordinary D shares of £ 1.00 each | 32
| 100