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COMPANY REGISTRATION NUMBER: 10625202
BLACKHAVEN ENTERPRISES LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 December 2021
BLACKHAVEN ENTERPRISES LIMITED
STATEMENT OF FINANCIAL POSITION
31 December 2021
2021
2020
Note
£
£
£
£
FIXED ASSETS
Tangible assets
4
5,288
CURRENT ASSETS
Debtors
5
220
771
Cash at bank and in hand
70
2,379
----
-------
290
3,150
CREDITORS: amounts falling due within one year
6
1,967
9,591
-------
-------
NET CURRENT LIABILITIES
1,677
6,441
-------
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 1,677)
( 1,153)
-------
-------
NET LIABILITIES
( 1,677)
( 1,153)
-------
-------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
( 1,777)
( 1,253)
-------
-------
SHAREHOLDERS DEFICIT
( 1,677)
( 1,153)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
BLACKHAVEN ENTERPRISES LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 December 2021
These financial statements were approved by the board of directors and authorised for issue on 7 September 2022 , and are signed on behalf of the board by:
Mr A G McKenna
Director
Company registration number: 10625202
BLACKHAVEN ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is Headlands House, 1 Kings Court, Kettering Parkway, Kettering, NN15 6WJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company currently meets its daily working capital requirements through operating revenues, banking facilities and financial support from the director. On this basis, the director considers it appropriate to prepare the accounts on the going concern basis. The accounts do not include any adjustments that would result from the failure to raise any additional finance that may prove necessary.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Equipment
-
33% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
4. TANGIBLE ASSETS
Plant and machinery
Equipment
Total
£
£
£
Cost
At 1 January 2021
11,910
2,982
14,892
Disposals
( 11,910)
( 2,982)
( 14,892)
--------
-------
--------
At 31 December 2021
--------
-------
--------
Depreciation
At 1 January 2021
7,623
1,981
9,604
Disposals
( 7,623)
( 1,981)
( 9,604)
--------
-------
--------
At 31 December 2021
--------
-------
--------
Carrying amount
At 31 December 2021
--------
-------
--------
At 31 December 2020
4,287
1,001
5,288
--------
-------
--------
5. DEBTORS
2021
2020
£
£
Trade debtors
305
Other debtors
220
466
----
----
220
771
----
----
6. CREDITORS: amounts falling due within one year
2021
2020
£
£
Trade creditors
661
Other creditors
1,967
8,930
-------
-------
1,967
9,591
-------
-------
7. RELATED PARTY TRANSACTIONS
During the year the company undertook the following transactions with related parties: The director advanced monies to the company. At 31 December 2021 the amount due from the company totalled £1,967 (2020 - £8,575).
8. GOING CONCERN
The director has considered the period to September 2023 when assessing the company's ability to continue as a going concern. It is believed that the company will be able to satisfy its liabilities as these become payable.