REGISTERED NUMBER: 04042840 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

CHC ASSETS LTD

Page

Statement of Financial Position

1

Notes to the Financial Statements

2

FIXED ASSETS

Investments

4

1,524,124

1,500,186

CURRENT ASSETS

Debtors

5

282,766

1,412,131

Cash at bank

192,479

899,338

475,245

2,311,469

CREDITORS

Amounts falling due within one year

6

3,078,711

4,840,899

NET CURRENT LIABILITIES

(2,603,466

)

(2,529,430

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,079,342

)

(1,029,244

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

(1,079,442

)

(1,029,344

)

SHAREHOLDERS' FUNDS

(1,079,342

)

(1,029,244

)

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 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 18 September 2026 and were signed on its behalf by:

C Osman - Director

1.	STATUTORY INFORMATION

CHC Assets Ltd 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:

04042840

Registered office:

368 Forest Road

London

E17 5JF

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance

Fixtures and fittings - 25% on reducing balance

Fixtures and fittings - 25% on reducing balance

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

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

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Fixed asset investments

Collectable investments

Collectable investments are initially recognised at cost, including directly attributable costs of acquisition.

Going concern

The company continues with the support of its director and its connected companies which will not allow any of its creditors to suffer as a result of the Directors decision to allow the company to continue to operate under the circumstances.

Thus the Directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2025

2024

£

£

Collectable investments-Cost

1,500,185

1,668,531

Additions

23,939

55,245

Disposals

-

(223,590

)

1,524,124

1,500,186

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by connected undertakings

274,721

1,403,556

Other debtors

8,045

8,575

282,766

1,412,131

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to connected undertakings

-

4,728,836

Other creditors

3,078,711

112,063

3,078,711

4,840,899

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1 January 2025

(1,029,344

)

Deficit for the year

(50,098

)

At 31 December 2025

(1,079,442

)

It is the company's policy to only allow the distribution of retained profits to the shareholders after the deduction of all net revaluation reserve losses to date.

9.	RELATED PARTY DISCLOSURES

The Company's related parties, the nature of the relationship and the extent of the transactions with them are summarised below:

2025

2024

£

£

Amounts owed by Connected Undertakings

274,721

1,403,556

Amounts owed to Connected Undertakings

-

4,728,836

Amounts owed by/ (to) C Osman, Director

(3,076,311

)

(103,423

)

Related Party Relationship:

Connected Undertakings

Charing Care Limited

Charing Gardens Limited

Charing Oast Limited

Charing Vale Limited

Charing Holdings Limited

Charing Court Investments Limited

Charing Hill Limited

Connected Undertakings

A company having the same or predominantly the same shareholders and/or board of directors but which is neither a parent, subsidiary, fellow subsidiary nor associated company.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is C Osman.