REGISTERED NUMBER: 14550370 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Chapel Services Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms R S Cox

Mr G T Rafferty

SECRETARY:

Hawksford UK Secretaries Limited

REGISTERED OFFICE:

Ground Floor

123 Pall Mall

St James's

London

SW1Y 5EA

REGISTERED NUMBER:

14550370 (England and Wales)

ACCOUNTANTS:

Hawksford UK Services Limited

123 Pall Mall

St. James's

London

SW1Y 5EA

CURRENT ASSETS

Debtors

4

43,859

60,292

Cash in hand

-

2,919

43,859

63,211

CREDITORS

Amounts falling due within one year

5

(75,748

)

(78,224

)

NET CURRENT LIABILITIES

(31,889

)

(15,013

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(31,889

)

(15,013

)

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

(31,989

)

(15,113

)

SHAREHOLDERS' FUNDS

(31,889

)

(15,013

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

Mr G T Rafferty - Director

1.	STATUTORY INFORMATION

Chapel Services Management 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 presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover received consists of revenue earned from the rendering of residential property management services. The company receives a mark-up on direct costs and services rendered, in addition to a fixed management fee in relation to the residential property under a Property Management Agreement.

Trade and other debtors

Short term debtors consist of amounts owed to the company in respect of outstanding invoices and unpaid share capital.

Prepayments are measured at transaction price (which is usually the invoice price) and pro-rated.

Trade and other creditors

Short term creditors consist of trade creditors and accrued expenses and both of these amounts are measured at transaction price.

Taxation

Taxation for the year comprises of current 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 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.

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.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

40,080

42,875

Other debtors

100

100

Prepayments

3,679

17,317

43,859

60,292

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

36,090

9,494

VAT

24,369

41,007

Accrued expenses

15,289

27,723

75,748

78,224

6.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Share capital 1

£1

100

100

7.	RELATED PARTY DISCLOSURES

The Directors of the company, Ms Rebecca Suzanne Cox and Mr Gerard Thomas Rafferty are also the Directors of Hawksford UK Services Limited, a professional services company. Hawksford UK Services Limited receives annual responsibility fees for the provision of two UK resident directors as well as other accountancy related fees.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party during the period is Mr. Abdulrahman Mohammed A. E. Al-Mannai.