Company No: 08535976 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

Gabriel Chipperfield

REGISTERED OFFICE	Flat 2
	7 Cambridge Gate
	London
	NW1 4JX
	United Kingdom

COMPANY NUMBER

08535976 (England and Wales)

ACCOUNTANT	Praxis
	1 Fore Street Avenue
	London
	EC2Y 9DT
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	129,356		253,330
Investments	4	2,361,622		1,282,729
		2,490,978		1,536,059
Current assets
Debtors	5	4,048,014		393,488
Cash at bank and in hand	6	107,948		812,505
		4,155,962		1,205,993
Creditors: amounts falling due within one year	7	( 5,225,617)		( 1,046,476)
Net current (liabilities)/assets		(1,069,655)		159,517
Total assets less current liabilities		1,421,323		1,695,576
Creditors: amounts falling due after more than one year	8	0		( 452,687)
Net assets		1,421,323		1,242,889
Capital and reserves
Called-up share capital	9	1		1
Profit and loss account		1,421,322		1,242,888
Total shareholder's funds		1,421,323		1,242,889

For the financial year ending 31 May 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 member has not required the Company to obtain an audit of its financial statements for the financial year 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 Profit and Loss Account has not been delivered.

The financial statements of Gabriel Chipperfield Limited (registered number: 08535976) were approved and authorised for issue by the Director on 29 May 2026. They were signed on its behalf by:

Gabriel Chipperfield Director

1. Accounting policies

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

General information and basis of accounting

Gabriel Chipperfield 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 Flat 2, 7 Cambridge Gate, London, NW1 4JX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

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.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

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 Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	10 years straight line
Plant and machinery etc.	5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable 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 Company's contractual obligations expire or are discharged or cancelled.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Profit and Loss Account. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 June 2024	138,492		293,920		432,412
Additions	0		25,152		25,152
Disposals	0		( 195,442)		( 195,442)
At 31 May 2025	138,492		123,630		262,122
Accumulated depreciation
At 01 June 2024	37,549		141,533		179,082
Charge for the financial year	13,849		37,298		51,147
Disposals	0		( 97,463)		( 97,463)
At 31 May 2025	51,398		81,368		132,766
Net book value
At 31 May 2025	87,094		42,262		129,356
At 31 May 2024	100,943		152,387		253,330
Leased assets included above:
Net book value
At 31 May 2025	0		16,175		16,175
At 31 May 2024	0		7,098		7,098

4. Fixed asset investments

	Investments in associates		Other investments		Total
	£		£		£
Cost or valuation before impairment
At 01 June 2024	2,092,729		40,000		2,132,729
Additions	12,000		1,606,893		1,618,893
Disposals	0		( 40,000)		( 40,000)
At 31 May 2025	2,104,729		1,606,893		3,711,622
Provisions for impairment
At 01 June 2024	850,000		0		850,000
Impairment	500,000		0		500,000
At 31 May 2025	1,350,000		0		1,350,000
Carrying value at 31 May 2025	754,729		1,606,893		2,361,622
Carrying value at 31 May 2024	1,242,729		40,000		1,282,729

Investments in associates are held at cost less impairment because their fair value cannot be measured reliably.

Included within Investments in associates is a long term loan of £1,604,729 which is interest free. Impairment of £1,350,000 has been charged against carrying value of this long term loan.

Investments in shares

Name of entity	Registered office	Principal activity	Class of shares	Ownership 31.05.2025
7 Hatton Street Limited	7 Hatton Street, London, England, NW8 8PL	Development and letting of commercial property	Ordinary	50.00%
Wendover Studio Limited	7 Hatton Street, London, England, NW8 8PL	Architectural design and construction	Ordinary	50.00%

5. Debtors

	2025		2024
	£		£
Trade debtors	115,523		90,713
Other debtors	3,932,491		302,775
	4,048,014		393,488

Included in Other debtors are amounts due from connected companies that are repayable on demand. One balance due from an entity under common control bears interest at a rate of 5%. The remaining balances are non-interest bearing.

6. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	107,948		812,505

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	493,046		148,507
Taxation and social security	53,580		124,887
Obligations under finance leases and hire purchase contracts	5,807		7,050
Other creditors	4,673,184		766,032
	5,225,617		1,046,476

There are no amounts included above in respect of which any security has been given by the small entity.

Included in Other creditors are amounts owed to connected companies. These amounts are repayable on demand and do not bear interest.

Included in Other creditors are amounts owed to the Director totalling £271,671 (2024: £964). The amounts are repayable on demand and do not bear interest.

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts	0		47,687
Other creditors	0		405,000
	0		452,687

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00	1		1

10. Financial commitments

Commitments

Capital commitments are as follows:

	2025		2024
	£		£
Contracted for but not provided for:
Finance leases entered into	5,807		13,550

The Company had no material capital commitments at the year ended 31 May 2025.

11. Related party transactions

Transactions with owners holding a participating interest in the entity

	2025		2024
	£		£
Management fee income	726,536		902,170
Amounts due to the entities	3,797,715		749,287

Transactions with entities in which the entity itself has a participating interest

	2025		2024
	£		£
Management fee income	199,600		427,750
Amounts due from the entities	141,982		301,922

Transactions with the entity's director

	2025		2024
	£		£
Amounts owed to director	275,382		964

12. Events after the Balance Sheet date

There have been no events after the balance sheet date affecting the Company since the financial year.