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Registration number: 14869335

Chongie Finance UK Ltd
Filleted Financial Statements
for the Year Ended 31 December 2025

Chongie Finance UK Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 to 9

Chongie Finance UK Ltd

Company Information

Directors | Mr G Hamilton Mr B Goulding Mr D J H Pearson

Registered office | 71-75 Shelton Street Covent Garden London England WC2H 9JQ

Auditors | Xeinadin Audit Limited Ground Floor, Citygate Longridge Road Preston Lancashire PR2 5BQ

Chongie Finance UK Ltd

(Registration number: 14869335)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 8,885 | 10,019
Tangible assets | 5 | 1,868,697 | 1,601,852
|  | 1,877,582 | 1,611,871
Current assets |  |  |
Debtors | 6 | 124,548 | 163,526
Cash at bank and in hand |  | 122,418 | 107,916
|  | 246,966 | 271,442
Creditors: Amounts falling due within one year | 7 | (2,222,579) | (1,552,652)
Net current liabilities |  | (1,975,613) | (1,281,210)
Total assets less current liabilities |  | (98,031) | 330,661
Creditors: Amounts falling due after more than one year | 7 | (272,370) | (417,432)
Provisions for liabilities |  | (68,564) | -
Net liabilities |  | (438,965) | (86,771)
Capital and reserves |  |  |
Called up share capital | 8 | 1 | 1
Retained earnings |  | (438,966) | (86,772)
Shareholders' deficit |  | (438,965) | (86,771)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 July 2026 and signed on its behalf by:

......................................... Mr G Hamilton Director

Chongie Finance UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
England

These financial statements were authorised for issue by the Board on 29 July 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

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.

Going concern

The financial statements have been prepared on a going concern basis. At the balance sheet date, the Company's liabilities exceed the assets, arising as a result of the capital outlay required for the business model. Despite recognising a loss before tax, the Company has achieved an EBITDA of £287,084 (2024: £54,862) and EBITDA is expected to continue to improve based on future projections. The Company is financially supported by its parent, Chongie Entertainment UK Ltd along with its ultimate controlling owner.

Chongie Finance UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 29 July 2026 was Mr P Swarbrick, who signed for and on behalf of Xeinadin Audit Limited.

.........................................

Revenue recognition

Turnover represents income from the rental of gaming machines under operating lease agreements. Revenue is recognised on a straight-line basis over the lease term. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the company and specific criteria have been met for its activity.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Gaming machines | 20% straight line
Other plant and machinery | 33% straight line

Chongie Finance UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows. Where the useful life of a licence cannot be reliably measured, it is amortised on a straight line basis over a period that does not exceed 10 years.

Asset class | Amortisation method and rate
Licences | 10 year straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Chongie Finance UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 1).

Chongie Finance UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

4 | Intangible assets

| Other intangible assets £ | Total £
Cost or valuation
At 1 January 2025 | 11,342 | 11,342
At 31 December 2025 | 11,342 | 11,342
Amortisation
At 1 January 2025 | 1,323 | 1,323
Amortisation charge | 1,134 | 1,134
At 31 December 2025 | 2,457 | 2,457
Carrying amount
At 31 December 2025 | 8,885 | 8,885
At 31 December 2024 | 10,019 | 10,019

5 | Tangible assets

| Other tangible assets £ | Total £
Cost or valuation
At 1 January 2025 | 1,729,774 | 1,729,774
Additions | 740,040 | 740,040
At 31 December 2025 | 2,469,814 | 2,469,814
Depreciation
At 1 January 2025 | 127,922 | 127,922
Charge for the year | 473,195 | 473,195
At 31 December 2025 | 601,117 | 601,117
Carrying amount
At 31 December 2025 | 1,868,697 | 1,868,697
At 31 December 2024 | 1,601,852 | 1,601,852

Chongie Finance UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 33,480 | 18,755
Prepayments | 1,137 | 2,907
Other debtors | 89,931 | 141,864
| 124,548 | 163,526

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 149,247 | 121,961
Trade creditors |  | 323,179 | 136,967
Amounts owed to group undertakings and undertakings in which the company has a participating interest |  | 1,740,145 | 1,278,724
Accruals and deferred income |  | 10,008 | 15,000
|  | 2,222,579 | 1,552,652

Creditors include net obligations under hire purchase contracts which are secured of £149,247 (2024 - £121,961). The amount is secured over the assets concerned.

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 165,030 | 294,418
Other financial liabilities |  | 107,340 | 123,014
|  | 272,370 | 417,432

Creditors include net obligations under hire purchase contracts which are secured of £165,030 (2024 - £294,418). The amount is secured over the assets concerned.

Chongie Finance UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 1 | 1 | 1 | 1

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Hire purchase contracts | 165,030 | 294,418

Current loans and borrowings

| 2025 £ | 2024 £
Hire purchase contracts | 149,247 | 121,961

10 | Relationship between entity and parents

The parent of the smallest group in which these financial statements are consolidated is Chongie Entertainment UK Ltd, incorporated in England and Wales.

The address of Chongie Entertainment UK Ltd is:
3-5 Wardour Street, London, England, W1D 6PB.

11 | Non adjusting events after the financial period

Subsequent to the balance sheet date, the group to which Chongie Finance UK Ltd is a member has been the subject of preliminary discussions which may or may not lead to a change in the ownership of the group. These discussions remain at an early stage and are subject to a number of conditions. No adjustment is required to the financial statements in respect of this matter.