| Chicago Investments Limited |
| Registered number: |
11398321 |
| Balance Sheet |
| as at 31 March 2026 |
|
| Notes |
|
|
2026 |
|
|
2025 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
21,531 |
|
|
12,546 |
| Investment Properties |
3 |
|
|
2,750,000 |
|
|
2,750,000 |
|
|
|
|
2,771,531 |
|
|
2,762,546 |
|
| Current assets |
| Debtors |
4 |
|
56,313 |
|
|
58,706 |
| Cash at bank and in hand |
|
|
59,303 |
|
|
4,357 |
|
|
|
115,616 |
|
|
63,063 |
|
| Creditors: amounts falling due within one year |
5 |
|
(1,070,082) |
|
|
(2,473,225) |
|
| Net current liabilities |
|
|
|
(954,466) |
|
|
(2,410,162) |
|
| Total assets less current liabilities |
|
|
|
1,817,065 |
|
|
352,384 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(1,350,000) |
|
|
- |
|
| Net assets |
|
|
|
467,065 |
|
|
352,384 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
466,965 |
|
|
352,284 |
|
| Shareholder's funds |
|
|
|
467,065 |
|
|
352,384 |
|
- |
|
|
|
|
- |
|
|
- |
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
| Naveen Bhandari |
Suresh Kumar Aggarwal |
| Director |
Director |
| Approved by the board on 7 October 2026 |
Approved by the board on 7 October 2026 |
|
| Chicago Investments Limited |
| Notes to the Accounts |
| for the year ended 31 March 2026 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Going Concern |
|
At 31 March 2026 the company had net current liabilities of £954,466 [2025 - £2,410,162] which was mainly due to related company and the bank facility that was renewed on 11/09/2025. The directors of the company are confident that all payments and liabilities will be met as and when they arise. The directors are of the opinion that the financial statements should be drawn up on a going concern basis. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
L&P fees and Interest Cap costs: |
|
|
Cost |
|
At 1 April 2025 |
64,923 |
|
Additions |
18,750 |
|
At 31 March 2026 |
83,673 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2025 |
52,377 |
|
Provided during the year |
9,765 |
|
At 31 March 2026 |
62,142 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2026 |
21,531 |
|
At 31 March 2025 |
12,546 |
|
|
|
|
|
|
|
|
|
|
L&P fees on the lease are being written off in equal annual instalments over the lease term.
Arrangement fees of £19,950 that arose in January 2021 is fully written off in the current year.
Arrangement fees of £18,750 that arose in September 2025 are written off in 7 years. |
|
|
| 3 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 April 2025 |
2,750,000 |
|
|
At 31 March 2026 |
2,750,000 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 April 2025 |
2,939,090 |
|
At 31 March 2026 |
2,939,090 |
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Trade debtors |
9,041 |
|
11,434 |
|
Deferred tax asset |
|
|
|
|
47,272 |
|
47,272 |
|
|
|
|
|
|
56,313 |
|
58,706 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Bank loans and overdrafts |
100,000 |
|
1,463,000 |
|
Trade creditors |
143,399 |
|
120,207 |
|
Taxation and social security costs |
35,170 |
|
28,630 |
|
Other creditors |
791,513 |
|
861,388 |
|
|
|
|
|
|
1,070,082 |
|
2,473,225 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Bank loans |
1,350,000 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
2026 |
|
2025 |
| £ |
£ |
|
Creditors include: |
|
Instalments falling due for payment after more than five years |
950,000 |
|
- |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
1,450,000 |
|
1,463,000 |
|
|
|
|
|
|
|
|
|
|
A legal charge over all investment properties. Contains fixed charge, floating charge and negative pledge. |
|
|
|
| 8 |
Other information |
|
|
Chicago Investments Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Boundary House |
|
Boston Road |
|
Hanwell |
|
W7 2QE |