A company has the following results for the four years to 31 March 2023:

y/e y/e y/e y/e 31/3/2020 31/3/2021 31/3/2022 31/3/2023

£ £ £ £

Trading profits/(losses) 61,900 77,400 64,200 (172,500)

Chargeable gains/(capital losses) (7,500) 4,300 2,700 5,700 Gift Aid donations 3,400 3,400 3,400 3,400 Calculate the total repayment of corporation tax (with interest) to which the company is entitled, assuming that:

(a) all possible claims are made to relieve the trading loss against total profits

(b) any repayment of corporation tax which is generated by these claims is made on 13 January 2024

(c) corporation tax for the three years to 31 March 2022 is all paid on the due dates

(d) the rate of interest paid on repayments of corporation tax is 0.5%.

Also explain how the situation would differ if the company were to cease trading on 31 March 2023 (computations are not required).