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REGISTERED NUMBER: 07088362 (England and Wales)




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: P R Young
G C Pierce
M K Pierce
J Sheldon
J D Williams



SECRETARY: G C Pierce



REGISTERED OFFICE: Plas Belan
Rhos-Y-Madoc
Ruabon
Wrexham
LL14 6LS



REGISTERED NUMBER: 07088362 (England and Wales)



ACCOUNTANTS: M. D. Coxey and Co. Limited
Chartered Accountants
25 Grosvenor Road
Wrexham
LL11 1BT



BANKERS: Lloyds Bank plc
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 4 484,919 498,051

CURRENT ASSETS
Debtors 5 53,788 42,448
Cash at bank 9,779 25,866
63,567 68,314
CREDITORS
Amounts falling due within one year 6 794,321 792,343
NET CURRENT LIABILITIES (730,754 ) (724,029 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(245,835

)

(225,978

)

RESERVES
Income and expenditure account 7 (245,835 ) (225,978 )
(245,835 ) (225,978 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th March 2024 in accordance with Section 476 of the Companies Act 2006.

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 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 Board of Directors and authorised for issue on 28th March 2025 and were signed on its behalf by:





G C Pierce - Director


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 private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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
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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 2% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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 591,196 464 3,118 594,778
DEPRECIATION
At 31st March 2023 96,000 46 681 96,727
Charge for year 12,000 93 1,039 13,132
At 30th March 2024 108,000 139 1,720 109,859
NET BOOK VALUE
At 30th March 2024 483,196 325 1,398 484,919
At 30th March 2023 495,196 418 2,437 498,051

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.24 30.3.23
£    £   
VAT 27,146 25,825
Deferred tax asset 26,467 16,623
Prepayments 175 -
53,788 42,448

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.24 30.3.23
£    £   
Trade creditors 1,812 -
Directors' current accounts 789,398 789,398
Accrued expenses 3,111 2,945
794,321 792,343

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 (225,978 )
Deficit for the year (19,857 )
At 30th March 2024 (245,835 )

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.