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REGISTERED NUMBER: 13498069 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

7 JULY 2021 TO 31 JULY 2022

FOR

THE NEW CHAPEL LIMITED

THE NEW CHAPEL LIMITED (REGISTERED NUMBER: 13498069)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 7 JULY 2021 TO 31 JULY 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE NEW CHAPEL LIMITED

COMPANY INFORMATION
FOR THE PERIOD 7 JULY 2021 TO 31 JULY 2022







Director: Ms F Al Rashaid





Secretary: Vistra Cosec Limited





Registered office: First Floor, Templeback
10 Temple Back
Bristol
BS1 6FL





Registered number: 13498069 (England and Wales)





Accountants: Vistra Trust Company Limited
First Floor, Templeback
10 Temple back
Bristol
BS1 6FL

THE NEW CHAPEL LIMITED (REGISTERED NUMBER: 13498069)

BALANCE SHEET
31 JULY 2022

Notes £   
CURRENT ASSETS
Debtors 4 118,061
Cash at bank 8,118
126,179
CREDITORS
Amounts falling due within one year 5 (27,990 )
NET CURRENT ASSETS 98,189
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,189

CREDITORS
Amounts falling due after more than one year 6 (102,343 )
NET LIABILITIES (4,154 )

CAPITAL AND RESERVES
Called up share capital 10
Retained earnings (4,164 )
(4,154 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 4 October 2023 and were signed by:





Ms F Al Rashaid - Director


THE NEW CHAPEL LIMITED (REGISTERED NUMBER: 13498069)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 7 JULY 2021 TO 31 JULY 2022

1. STATUTORY INFORMATION

The New Chapel 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 Company’s functional and presentational currency is pounds sterling (GBP) and the financial statements have been rounded to the nearest pound (£).

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.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its 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 the 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.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities
Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Going concern
The shareholder has confirmed that they will continue to give financial support to the company until such times as its financial position improves.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 118,061

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 26,130
Other creditors 1,860
27,990

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans 102,343

THE NEW CHAPEL LIMITED (REGISTERED NUMBER: 13498069)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 7 JULY 2021 TO 31 JULY 2022

7. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 128,473

The bank loan is guaranteed by Aorta The Heart of Art Ltd, a company under common control.

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 July 2022:

£   
Ms F Al Rashaid
Balance outstanding at start of period -
Amounts advanced 510
Amounts repaid (260 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period 250

This loan is unsecured, interest free and has been repaid within nine months of the year end.

9. RELATED PARTY DISCLOSURES

Included in other debtors is £117,219 owed to the company by Aorta The Heart of Art Ltd, a company under common control. This loan is unsecured, interest free and has no set terms for repayment.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Ms F Al Rashaid.