Company Registration No. SC787815 (Scotland)
Chapel Street Ltd
Unaudited accounts
for the year ended 30 November 2025
Chapel Street Ltd
Unaudited accounts
Contents
Chapel Street Ltd
Company Information
for the year ended 30 November 2025
Directors
Andrew Black
David Orr
Company Number
SC787815 (Scotland)
Registered Office
31 Chapel Street
Dunfermline
Fife
KY12 7AW
Scotland
Chapel Street Ltd
Statement of financial position
as at 30 November 2025
Tangible assets
1,038,743
672,178
Cash at bank and in hand
12,363
(5)
Creditors: amounts falling due within one year
(62,227)
(6,472)
Net current assets
15,663
12,651
Total assets less current liabilities
1,054,406
684,829
Creditors: amounts falling due after more than one year
(1,190,186)
(756,054)
Net liabilities
(135,780)
(71,225)
Called up share capital
10
10
Profit and loss account
(135,790)
(71,235)
Shareholders' funds
(135,780)
(71,225)
For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 July 2026 and were signed on its behalf by
Andrew Black
Director
Company Registration No. SC787815
Chapel Street Ltd
Notes to the Accounts
for the year ended 30 November 2025
Chapel Street Ltd is a private company, limited by shares, registered in Scotland, registration number SC787815. The registered office is 31 Chapel Street, Dunfermline, Fife, KY12 7AW, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement.
The company incurred losses in the year and has a deficient Balance Sheet. An element of the loss incurred in the year relates to refurbishment works prior to rental or sale. The directors have prepared financial projections and considered the company’s cash flow requirements covering a period of at least 12 months from the date of approval of the accounts. The directors acknowledge the company’s future is reliant upon the continued support of its creditors. The directors are satisfied however, that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors consider it appropriate to prepare the accounts on a going concern basis.
4
Tangible fixed assets
Land & buildings
At 1 December 2024
672,178
At 30 November 2025
1,038,743
At 30 November 2025
1,038,743
At 30 November 2024
672,178
Chapel Street Ltd
Notes to the Accounts
for the year ended 30 November 2025
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
28,100
-
Trade creditors
31,727
4,072
Other creditors
2,400
2,400
7
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
550,000
550,000
Loans from directors
554,719
147,610
Other creditors relates to deferred consideration of £550,000 for the purchase of Land and Buildings.
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).