REGISTERED NUMBER: 10389335 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

FIRST CHARTERHOUSE ENTERPRISES LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Investments

4

-

225,001

Investment property

5

5,140,000

5,340,000

5,140,000

5,565,001

CURRENT ASSETS

Debtors

6

10,048

509,865

Investments

7

676,084

650,897

Cash at bank

112,594

83,544

798,726

1,244,306

CREDITORS

Amounts falling due within one year

8

2,335,490

1,705,105

NET CURRENT LIABILITIES

(1,536,764

)

(460,799

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,603,236

5,104,202

CREDITORS

Amounts falling due after more than one year

9

-

(704,620

)

PROVISIONS FOR LIABILITIES

(46,469

)

(97,500

)

NET ASSETS

3,556,767

4,302,082

CAPITAL AND RESERVES

Called up share capital

401

401

Share premium

4,469,957

4,469,957

Revaluation reserve

279,408

432,500

Retained earnings

(1,192,999

)

(600,776

)

SHAREHOLDERS' FUNDS

3,556,767

4,302,082

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 26 August 2026 and were signed on its behalf by:

A Bhimji - Director

1.	STATUTORY INFORMATION

First Charterhouse Enterprises Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

10389335

Registered office:

15 West Street

Brighton

East Sussex

BN1 2RL

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 as modified by the revaluation of certain assets.

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.

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss and then transferred to a revaluation reserve.

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.

Fixed asset investments

Fixed asset investments are recognised at cost less any provision for impairment.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable 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.

3.

EMPLOYEES

The average number of employees during the year was NIL (2025 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2025

427,235

Disposals

(427,235

)

At 31 March 2026

-

PROVISIONS

At 1 April 2025

202,234

Eliminated on disposal

(202,234

)

At 31 March 2026

-

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

225,001

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

5,340,000

Additions

4,123

Revaluations

(204,123

)

At 31 March 2026

5,140,000

NET BOOK VALUE

At 31 March 2026

5,140,000

At 31 March 2025

5,340,000

If investment properties had not been revalued, they would have been included at the historical cost £4,954,123 (2025: £4,950,000).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

3,905

4,534

Amounts owed by group undertakings

210

500,266

Other debtors

5,933

5,065

10,048

509,865

7.	CURRENT ASSET INVESTMENTS

2026

2025

£

£

Interest in other participating investments

676,084

650,897

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

-

56,700

Trade creditors

4,407

1,624

Amounts owed to group undertakings

2,214,233

1,549,233

Taxation and social security

51,047

38,707

Other creditors

65,803

58,841

2,335,490

1,705,105

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

704,620

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

704,620

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

-

761,320

The loan is secured over the properties held within investment property and all other assets of the company.