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REGISTERED NUMBER: 11267614 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Chapel Collective Ltd

Chapel Collective Ltd (Registered number: 11267614)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Chapel Collective Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: G R Arbery





REGISTERED OFFICE: Studio 17
2-20 Scrutton Street
London
EC2A 4RJ





REGISTERED NUMBER: 11267614 (England and Wales)





ACCOUNTANTS: Sterlings Accountancy Solutions Limited
131-133 Roman Road
Mountnessing
Brentwood
Essex
CM15 0UD

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Chapel Collective Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Chapel Collective Ltd for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Chapel Collective Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Chapel Collective Ltd and state those matters that we have agreed to state to the director of Chapel Collective Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chapel Collective Ltd and its director for our work or for this report.

It is your duty to ensure that Chapel Collective Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Chapel Collective Ltd. You consider that Chapel Collective Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Chapel Collective Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sterlings Accountancy Solutions Limited
131-133 Roman Road
Mountnessing
Brentwood
Essex
CM15 0UD


25 November 2024

Chapel Collective Ltd (Registered number: 11267614)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 96,983 18,225

CURRENT ASSETS
Debtors 5 81,800 163,862
Cash at bank 1,006,806 717,965
1,088,606 881,827
CREDITORS
Amounts falling due within one year 6 677,690 572,722
NET CURRENT ASSETS 410,916 309,105
TOTAL ASSETS LESS CURRENT
LIABILITIES

507,899

327,330

CAPITAL AND RESERVES
Called up share capital 10 10
Capital redemption reserve 10 10
Retained earnings 507,879 327,310
507,899 327,330

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 November 2024 and were signed by:





G R Arbery - Director


Chapel Collective Ltd (Registered number: 11267614)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Chapel Collective Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 17 ) .

Chapel Collective Ltd (Registered number: 11267614)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 35,343
Additions 92,557
Disposals (12,428 )
At 31 March 2024 115,472
DEPRECIATION
At 1 April 2023 17,118
Charge for year 12,128
Eliminated on disposal (10,757 )
At 31 March 2024 18,489
NET BOOK VALUE
At 31 March 2024 96,983
At 31 March 2023 18,225

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 81,174 163,862
Other debtors 626 -
81,800 163,862

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 92,529 101,642
Taxation and social security 128,790 125,134
Other creditors 456,371 345,946
677,690 572,722

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G R Arbery.