OCTAGON CHAPEL LIMITED

• ⚠

  Material uncertainty over going concern

  The Director believes that there is material uncertainty relating to the Group's position as a going concern due to the insolvency, administration and liquidation of a number of group companies including the head of the Group, The Stanley Gibbons Group plc post balance sheet date. The major assets within the group have been sold in December 2023. The Director has been in discussion with the group's long term creditors including pension trustees and Phoenix S.G. Limited and having regard to those discussions and after making all reasonable enquiries the Director currently has a reasonable expectation that the Company will have access to adequate resources to continue the extremely limited operations which are expected, which do not include active trading, and meet liabilities as and when they fall due for the foreseeable future. For that reason they continue to adopt going concern in the preparation of accounts however the Director is continuing to closely monitor the company's solvency.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  -0.1%

  -£2,803,983 → -£2,805,608

• Employees

  —

  Not reported

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. OCTAGON CHAPEL LIMITED 2017-12-28 → present
2. MALLETT OVERSEAS LIMITED 2004-01-13 → 2017-12-28
3. MALLETT GALLERY LIMITED 1997-05-02 → 2004-01-13
4. CHRISTOPHER WOOD LIMITED 1976-01-08 → 1997-05-02

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Audit opinion

Unaudited (audit-exempt)

Going concern

Material uncertainty disclosed

“The Director believes that there is material uncertainty relating to the Group's position as a going concern due to the insolvency, administration and liquidation of a number of group companies including the head of the Group, The Stanley Gibbons Group plc post balance sheet date. The major assets within the group have been sold in December 2023. The Director has been in discussion with the group's long term creditors including pension trustees and Phoenix S.G. Limited and having regard to those discussions and after making all reasonable enquiries the Director currently has a reasonable expectation that the Company will have access to adequate resources to continue the extremely limited operations which are expected, which do not include active trading, and meet liabilities as and when they fall due for the foreseeable future. For that reason they continue to adopt going concern in the preparation of accounts however the Director is continuing to closely monitor the company's solvency.”

Group structure

1. OCTAGON CHAPEL LIMITED · parent
   1. Mallet Inc. 100% · US · Antique dealers
   2. Madebymeta Inc. 100% · Dormant

Significant events

• “On 22nd December 2023 two related entities, AHB Realisations Ltd (formerly known as A.H Baldwin & Sons Limited) and SGLB Realisations 2023 Limited (formerly known as Stanley. Gibbons Limited) entered into administration. Edward Williams and Timothy Higgins, both of PricewaterhouseCoopers LLP, 1 Chamberlain Square, Birmingham, B3 3AX and Peter Dickens of PricewaterhouseCoopers LLP, 1 Hardman Square, Manchester, M3 3EB were appointed as joint administrators. In addition to the above the group head company, Stanley Gibbons Group plc in Jersey entered liquidation as well as other. UK group companies, Milsom Street Limited and Stanley Gibbons Holdings Limited.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.