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REGISTERED NUMBER: 01127898 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

CHAPEL BAR SECURITIES LIMITED

CHAPEL BAR SECURITIES LIMITED (REGISTERED NUMBER: 01127898)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHAPEL BAR SECURITIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







Directors: M Betts
H Singh





Registered office: 16 High Street
Kegworth
Derby
Derbyshire
DE74 2DA





Registered number: 01127898 (England and Wales)





Auditors: Haines Watts
Chartered Accountants & Statutory Auditor
10 Stadium Business Court
Millennium Way
Pride Park
Derby
DE24 8HP

CHAPEL BAR SECURITIES LIMITED (REGISTERED NUMBER: 01127898)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £ £
Fixed assets
Tangible assets 4 1,612 2,150
Investment property 5 445,035 445,035
446,647 447,185

Current assets
Debtors 6 239 9,648
Investments 7 72,931 66,682
Cash at bank 76,709 67,941
149,879 144,271
Creditors
Amounts falling due within one year 8 (398,611 ) (394,284 )
Net current liabilities (248,732 ) (250,013 )
Total assets less current liabilities 197,915 197,172

Provisions for liabilities (227 ) -
Net assets 197,688 197,172

Capital and reserves
Called up share capital 100 100
Retained earnings 197,588 197,072
Shareholders' funds 197,688 197,172

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 February 2025 and were signed on its behalf by:





M Betts - Director


CHAPEL BAR SECURITIES LIMITED (REGISTERED NUMBER: 01127898)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Chapel Bar Securities 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.

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.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The directors considered the fair value of investment property at the reporting date to be £445,000; this fair value has been calculated based on historic purchase price and review of trends in the property market. No professional valuation has been obtained, the methods and significant assumptions applied in determining the fair value of the investment property include consideration into: property market trends local to the investment property, recent property sales local to the investment property, rental yield of the property and the condition of the property.

Going concern
These accounts are prepared on a going concern basis, which assumes the company will continue in operational existence for the foreseeable future. The company's ability to continue as a going concern is dependent upon the continued support of group companies, all of whom are now under common control by the Haydn Green Foundation.

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

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at their fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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 properties are shown at their open market value. The surplus or deficit arising from the annual revaluation is transferred to the income statement.

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 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.

CHAPEL BAR SECURITIES LIMITED (REGISTERED NUMBER: 01127898)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
Cost
At 1 September 2023
and 31 August 2024 28,780
Depreciation
At 1 September 2023 26,630
Charge for year 538
At 31 August 2024 27,168
Net book value
At 31 August 2024 1,612
At 31 August 2023 2,150

5. INVESTMENT PROPERTY
Total
£
Fair value
At 1 September 2023
and 31 August 2024 445,035
Net book value
At 31 August 2024 445,035
At 31 August 2023 445,035

The property is valued by the directors.

The historical cost of the investment property is £445,035 (2023: £445,035).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors - 8,750
Deferred tax asset - 673
Prepayments and accrued income 239 225
239 9,648

7. CURRENT ASSET INVESTMENTS
2024 2023
£ £
Listed investments 72,931 66,682

The historical cost of listed investments is £54,111 (2023: £52,147).

CHAPEL BAR SECURITIES LIMITED (REGISTERED NUMBER: 01127898)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Amounts owed to group undertakings 394,110 389,558
Accruals and deferred income 4,501 4,726
398,611 394,284

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

James Liptrott (Senior Statutory Auditor)
for and on behalf of Haines Watts

10. RELATED PARTY DISCLOSURES

The company had the following transactions during the year and balances at the year end with a company under the same control of the directors and shareholders:

Company under common control20242023
£   £   
Advances from company under common control4,5532,113
Balance owed to company under common control394,110389,558

The above balance is included in creditors.