Praise Chapel
02909145
Healthy
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/03/2025
total exemption full
Next accounts due
31/12/2026
Confirmation statement
Last: 16/03/2026
Due 30/03/2027
Industry
Officers
Former
secretary · Resigned 05/09/1997
director · Resigned 31/03/2003
director · Resigned 31/03/2003
secretary · Resigned 02/03/2004
director · Resigned 02/03/2004
director · Resigned 14/01/2010
director · Resigned 31/01/2011
director · Resigned 15/09/2021
director · Resigned 15/09/2021
director · Resigned 16/02/2026
Persons with Significant Control
Mr Kofi Konadu Banful
British · England · Age 62
Hp Osalors, 2nd Floor, 6 Greenwich Quay, London, SE8 3EY
Notified 16/03/2017
Mrs Jayne Frances Banful
British · England · Age 62
Hp Osalors, 2nd Floor, 6 Greenwich Quay, London, SE8 3EY
Notified 01/03/2018
Change History
Active
PRI/LBG/NSC (Private, Limited by guarantee, no share capital, use of 'Limited' exemption)
HP OSALORS, 2ND FLOOR 6 GREENWICH QUAY
LONDON
CompanyRankvs 99+ SIC 94910 peers76
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of
Key FinancialsYear ending 31/03/2025
Net Worth
£324k
Balance sheet strength
Cash
£226k
Cash in the bank
Net Current Assets
£302k
Working capital
Current Assets
£335k
Current Liabilities
£32k
Fixed Assets
£21k
Debtors
£108k
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 10.31 | +£0 |
| 2025 | 10.31 | +£64k |
| 2024 | 3.35 | -£42k |
| 2023 | 7.55 | -£56k |
| 2022 | 11.86 | +£68k |
| 2021 | 14.35 | +£74k |
| 2020 | 7.84 | -£33k |
| 2019 | 8.52 | — |
Derived from filed accounts. Not audited figures.