REGISTERED NUMBER: 13239513 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

CHAPEL HILL DENHAM UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R F Rothwell

P H Southwell

REGISTERED OFFICE:

Blissland House

Fireball Hill

Ascot

Berkshire

SL5 9PJ

REGISTERED NUMBER:

13239513 (England and Wales)

AUDITORS:

Hartley Fowler LLP

Statutory Auditors

Chartered Accountants

4th Floor Tuition House

27-37 St George's Road

Wimbledon

London

SW19 4EU

CURRENT ASSETS

Debtors

4

179,511

112,212

Cash at bank

78,294

163,488

257,805

275,700

CREDITORS

Amounts falling due within one year

5

7,805

25,700

NET CURRENT ASSETS

250,000

250,000

TOTAL ASSETS LESS CURRENT LIABILITIES

250,000

250,000

CAPITAL AND RESERVES

Called up share capital

250,000

250,000

250,000

250,000

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 30 June 2026 and were signed on its behalf by:

P H Southwell - Director

1.	STATUTORY INFORMATION

Chapel Hill Denham UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

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

Revenue is measured at fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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.

Cash and cash equivalents

Cash and cash equivalents are basic financial instruments and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.

Debtors and creditors

Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans classified as debt instruments are initially measured at transaction price, including transaction costs, and subsequently measured at amortised cost using the effective interest method.

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 2 (2025 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Amounts owed by group undertakings

176,511

109,212

Other debtors

3,000

3,000

179,511

112,212

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

-

18,000

Other creditors

7,805

7,700

7,805

25,700

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jonathan Askew (Senior Statutory Auditor)

for and on behalf of Hartley Fowler LLP

7.	RELATED PARTY DISCLOSURES

During the year, £67,299 (2025: £57,749) of expenses were recharged. At the balance sheet date, the amount outstanding was £176,511 (2025: £109,212).

8.	ULTIMATE PARENT COMPANY

The parent of the smallest group for which consolidated financial statements are drawn up for is Chapel Hill Advisory Partners Limited, a company incorporated in Nigeria.

The registered address of the ultimate parent company is 10 Bankole Oki Street, Ikoyi, Lagos, Nigeria.

9.	MIFIDPRU 8 DISCLOSURES - REMUNERATION

The company is classified by the Financial Conduct Authority ("FCA") as a Small & Non-Interconnected ("SNI") firm and is therefore subject to the "basic" requirements of the Remuneration Code set out in SYSC 19.G of the FCA's Handbook. The following disclosure is made pursuant to the FCA's Prudential Sourcebook for MiFID Investment Firms ("MIFIDPRU") in respect of the financial year ended 31 March 2026. Under MIFIDPRU 8.6, an SNI MIFIDPRU Investment firm must disclose the total amount of remuneration awarded to all staff, split into:

(a) fixed remuneration; and

(b) variable remuneration.

For the year ended 31 March 2026, the Firm paid fixed and variable remuneration of zero and there were no severance payments or guaranteed variable remuneration awards made during the financial year. An amount of £60,000 (2025: £48,000) was charged by a company which is owned by one of the directors for ongoing compliance and advisory services.

The directors are responsible for the firm's Remuneration Policy, which is designed to ensure that its compensation arrangements:

- are consistent with and promote sound and effective risk management;

- does not encourage risk-taking which is inconsistent with the risk profiles of the funds which it manages;

- seek to avoid creating conflicts of interest; and

- are in line with its business strategy, objectives, values and long-term interests.

Compensation is based upon consideration of qualitative and quantitative factors, including the performance of the relevant individual and of the business. Variable remuneration is adjusted in line with relevant capital and liquidity requirements. Individuals are rewarded based on their contribution to the firm's overall strategy. Other factors, such as performance, reliability, effectiveness of controls, business development and contribution to the firm generally are also taken into account when assessing the performance of staff.