REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 May 2023 |
for |
Blackpeak Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 May 2023 |
for |
Blackpeak Ltd |
Blackpeak Ltd (Registered number: SC699842) |
Contents of the Financial Statements |
for the Year Ended 31 May 2023 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Blackpeak Ltd |
Company Information |
for the Year Ended 31 May 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
26 Victoria Street |
Rutherglen |
Glasgow |
G73 1DS |
Blackpeak Ltd (Registered number: SC699842) |
Abridged Balance Sheet |
31 May 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Blackpeak Ltd (Registered number: SC699842) |
Abridged Balance Sheet - continued |
31 May 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Blackpeak Ltd (Registered number: SC699842) |
Notes to the Financial Statements |
for the Year Ended 31 May 2023 |
1. | STATUTORY INFORMATION |
Blackpeak Ltd is a |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is derived from rental income. |
Turnover is measured at the fair value of the rental income, net of discounts and excluding value added tax, ad is recognised at the point that the company obtains the right to consideration. |
Tangible fixed assets |
Land and buildings | - |
Taxation |
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Going concern |
A major part of the company's working capital requirements are provided by a loan from Certum Limited, arelated company, which is repayable upon demand. Directors of the related company have indicated that they will not demand repayment; however no formal agreement is in place. |
The directors, having considered the above continue to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Blackpeak Ltd (Registered number: SC699842) |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2023 |
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 June 2022 |
and 31 May 2023 |
DEPRECIATION |
At 1 June 2022 |
Charge for year |
At 31 May 2023 |
NET BOOK VALUE |
At 31 May 2023 |
At 31 May 2022 |
6. | SECURED DEBTS |
The following secured debts are included within creditors: |
2023 | 2022 |
£ | £ |
Bank loans |
The bank loan is secured by a standard security over all and whole the subjects known and forming 24 Stonelaw Road, Glasgow, G73 3TW. |
Clyde Gateway Developments Limited hold a second ranking standard security over all and whole the subjects known and forming 24 Stonelaw Road, Rutherglen, Glasgow. G73 3TW. |
7. | RELATED PARTY DISCLOSURES |
Certum Ltd |
A company in which Mr F De La Torre and Mr D Wilson are directors and shareholders. |
During the year, Certum Ltd paid rent totalling £35,000 to Blackpeak Ltd. |
At the 31st May 2023, Blackpeak Ltd owed Certum Ltd £179,735 (2022: £179,735). This loan has no fixed repayment terms and no interest is charged on amounts owed. |