REGISTERED NUMBER: 11605556 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025

FOR

CHET INVESTMENTS (UK) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T M Mangat

Dr Jasveer Mangat

REGISTERED OFFICE:

1 Doughty Street

London

United Kingdom

WC1N 2PH

REGISTERED NUMBER:

11605556 (England and Wales)

FIXED ASSETS

Investment property

4

2,770,000

1,801,857

CURRENT ASSETS

Debtors

5

62,147

62,147

Cash at bank

77,556

169,301

139,703

231,448

CREDITORS

Amounts falling due within one year

6

606,298

65,827

NET CURRENT (LIABILITIES)/ASSETS

(466,595

)

165,621

TOTAL ASSETS LESS CURRENT LIABILITIES

2,303,405

1,967,478

CREDITORS

Amounts falling due after more than one year

7

-

(550,000

)

PROVISIONS FOR LIABILITIES

(479,843

)

(245,000

)

NET ASSETS

1,823,562

1,172,478

CAPITAL AND RESERVES

Called up share capital

9

100

100

Other reserves

609,281

609,281

Fair value reserve

10

1,532,490

831,655

Retained earnings

(318,309

)

(268,558

)

SHAREHOLDERS' FUNDS

1,823,562

1,172,478

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 2nd April 2026 and were signed on its behalf by:

Dr Jasveer Mangat - Director

Mr T M Mangat - Director

1.	STATUTORY INFORMATION

Chet Investments (UK) Ltd 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

At the year end, the Company's balance sheet showed net current liabilities of £466,595. These financial statements have been prepared on the going concern basis as the director and/or shareholders have provided assurances of financial support to the company to enable it to meets it liabilities as and when they fall due in the next 12 months.Furthermore, the Company refinanced its loan after the year-end for a further 5 years, from a different financial institution.

Significant judgements and estimates

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

The estimates and assumptions used in the accompanying financial statements are based upon management's evaluation of the relevant facts and circumstances as on the date of the financial statements. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised and in any future periods affected.

Information about estimation uncertainties that may have a significant risk of resulting in a material adjustment within the next financial year are:

Valuation of investment property - freehold investment properties are shown at their fair value at balance sheet date. The investment properties are valued by independent professional valuers and/or by directors.. Any valuation exercise will involve a number of assumptions and professional judgements and small changes in the assumptions and professional judgements can cause large deviations in the fair values of the investment properties.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2025

1,801,857

Additions

32,465

Revaluations

935,678

At 31st December 2025

2,770,000

NET BOOK VALUE

At 31st December 2025

2,770,000

At 31st December 2024

1,801,857

Fair value at 31st December 2025 is represented by:

£

Valuation in 2021

1,272,253

Valuation in 2022

259,465

Valuation in 2024

(557,000

)

Valuation in 2025

935,678

Cost

859,604

2,770,000

The investment property was valued on an open market basis on 22nd October 2025 by Copping Joyce. The Directors are of the opinion that the valuation as at 31 December 2025 is as per this valuation.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

62,147

62,147

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 8)

550,000

19

Trade creditors

1,805

-

Taxation and social security

13,844

15,247

Other creditors

40,649

50,561

606,298

65,827

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 8)

-

550,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

-

550,000

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

-

19

Bank loans - less than 1 yr

550,000

-

550,000

19

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

-

550,000

After the year-end the Company refinanced it's bank loan for a period of 5 years with a different financial institution.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

1

100

100

10.

RESERVES

Fair

value

reserve

£

At 1st January 2025

831,655

Transfers

700,835

At 31st December 2025

1,532,490

11.	POST BALANCE SHEET EVENTS

After the year-end the Company refinanced the bank loan for a period of 5 years with a different financial institution.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr T. Mangat.