REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH MARCH 2024 |
FOR |
BLACK PARK CHAPEL TRUST LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH MARCH 2024 |
FOR |
BLACK PARK CHAPEL TRUST LIMITED |
BLACK PARK CHAPEL TRUST LIMITED (REGISTERED NUMBER: 07088362) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH MARCH 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
BLACK PARK CHAPEL TRUST LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30TH MARCH 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
25 Grosvenor Road |
Wrexham |
LL11 1BT |
BANKERS: |
28, Regent Street |
Wrexham |
LL11 1SE |
BLACK PARK CHAPEL TRUST LIMITED (REGISTERED NUMBER: 07088362) |
BALANCE SHEET |
30TH MARCH 2024 |
30.3.24 | 30.3.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
RESERVES |
Income and expenditure account | 7 | ( |
) | ( |
) |
( |
) | ( |
) |
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 surplus or deficit 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 were approved by the Board of Directors and authorised for issue on |
BLACK PARK CHAPEL TRUST LIMITED (REGISTERED NUMBER: 07088362) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH MARCH 2024 |
1. | STATUTORY INFORMATION |
Black Park Chapel Trust Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an understanding by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Going concern |
Not withstanding the deficiency in net assets, the financial statements have been prepared on the going |
concern basis. The validity of this is due to the continued support of the company's principal |
creditor, being a former company director and her husband, who have confirmed that they will not seek to |
withdraw their loan from the company until which time as the company is in a strong position to do so. |
Tangible fixed assets |
Long leasehold | - |
Fixtures and fittings | - |
Computer equipment | - |
Financial instruments |
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 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 that 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. |
Taxation |
The company is exempt from corporation tax, it being a company not carrying on a business for the purpose of making a profit. |
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. |
BLACK PARK CHAPEL TRUST LIMITED (REGISTERED NUMBER: 07088362) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH MARCH 2024 |
2. | ACCOUNTING POLICIES - continued |
Leases |
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Long | and | Computer |
leasehold | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 31st March 2023 |
and 30th March 2024 |
DEPRECIATION |
At 31st March 2023 |
Charge for year |
At 30th March 2024 |
NET BOOK VALUE |
At 30th March 2024 |
At 30th March 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.3.24 | 30.3.23 |
£ | £ |
VAT |
Deferred tax asset |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.3.24 | 30.3.23 |
£ | £ |
Trade creditors |
Directors' current accounts | 789,398 | 789,398 |
Accrued expenses |
BLACK PARK CHAPEL TRUST LIMITED (REGISTERED NUMBER: 07088362) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH MARCH 2024 |
7. | RESERVES |
Income |
and |
expenditure |
account |
£ |
At 31st March 2023 | ( |
) |
Deficit for the year | ( |
) |
At 30th March 2024 | ( |
) |
8. | CAPITAL COMMITMENTS |
30.3.24 | 30.3.23 |
£ | £ |
Contracted but not provided for in the |
financial statements |
9. | RELATED PARTY DISCLOSURES |
At the year end a balance of £789,398 (2023: £789,398) was due to Dr J Drukker, director and her husband Mr N Drukker. |