REGISTERED NUMBER: 14407948 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

CHAPEL WEALTH MANAGEMENT GROUP LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A J Burns

REGISTERED OFFICE:

31 High Street

Haverhill

Suffolk

CB9 8AD

REGISTERED NUMBER:

14407948 (England and Wales)

ACCOUNTANTS:

Streets Hackett Griffey LLP

Accountants & Business Advisers

31 High Street

Haverhill

Suffolk

CB9 8AD

FIXED ASSETS

Intangible assets

4

8,776,025

8,776,025

Tangible assets

5

11,407

15,497

8,787,432

8,791,522

CURRENT ASSETS

Debtors

6

319,279

256,274

Cash at bank

467,414

197,223

786,693

453,497

CREDITORS

Amounts falling due within one year

7

2,534,810

2,432,927

NET CURRENT LIABILITIES

(1,748,117

)

(1,979,430

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,039,315

6,812,092

CREDITORS

Amounts falling due after more than one year

8

(4,313,171

)

(5,181,339

)

PROVISIONS FOR LIABILITIES

(2,851

)

(3,874

)

NET ASSETS

2,723,293

1,626,879

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,723,193

1,626,779

SHAREHOLDERS' FUNDS

2,723,293

1,626,879

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 May 2026 and were signed by:

A J Burns - Director

1.	STATUTORY INFORMATION

Chapel Wealth Management Group 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.

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.

The company has reported a strong set of results and healthy profit for the accounting period, but has significant net current liabilities. The reason is that the company has acquired the goodwill of a number of businesses which sits as a fixed asset on the balance sheet but with payments for the consideration falling due within one year. The director is confident that sufficient funding is in place to meet these liabilities and so considers it appropriate to prepare the financial statements on the basis that the company is a going concern.

Preparation of consolidated financial statements

The financial statements contain information about Chapel Wealth Management Group Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is the amount derived from ordinary activities, stated after trade discounts, other sales taxes and net of VAT.

Goodwill

The policy of the company is to recognise goodwill at cost, less impairment and to amortise it over its estimated useful life.

The company is a St James Place partner business. There is an active market for St James Place partner businesses and the residual value of the goodwill can be reliably determined by reference to that market and it is probable that this market will exist at the end of the goodwill's useful life.

As the director considers that the goodwill has a residual value in excess of its historical cost, no provision for amortisation has been made.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Computer & office equipment

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost, less impairment.

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.

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 14 (2025 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

8,776,025

NET BOOK VALUE

At 31 March 2026

8,776,025

At 31 March 2025

8,776,025

5.	TANGIBLE FIXED ASSETS

Computer

& office

equipment

£

COST

At 1 April 2025

21,058

Additions

1,524

At 31 March 2026

22,582

DEPRECIATION

At 1 April 2025

5,561

Charge for year

5,614

At 31 March 2026

11,175

NET BOOK VALUE

At 31 March 2026

11,407

At 31 March 2025

15,497

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

311,947

248,942

Other debtors

7,332

7,332

319,279

256,274

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

596,997

617,967

Trade creditors

-

5,557

Taxation and social security

381,049

358,184

Other creditors

1,556,764

1,451,219

2,534,810

2,432,927

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

4,211,253

4,310,411

Other creditors

101,918

870,928

4,313,171

5,181,339

Amounts falling due in more than five years:

Repayable by instalments

Bank loans - over 5 years

1,837,549

1,846,713

9.	OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £85,599 (2025:£87,902).