Company registration number 13484097 (England and Wales)
Black Myres Property Ltd
Unaudited
financial statements
for the year ended 30 June 2023
PAGES FOR FILING WITH REGISTRAR
Black Myres Property Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3
Black Myres Property Ltd
Statement of financial position
as at 30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investment property
3
128,867
128,867
Current assets
Cash at bank and in hand
790
5,219
Creditors: amounts falling due within one year
(40,355)
(43,365)
Net current liabilities
(39,565)
(38,146)
Total assets less current liabilities
89,302
90,721
Creditors: amounts falling due after more than one year
(87,191)
(89,595)
Net assets
2,111
1,126
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
2,011
1,026
Total equity
2,111
1,126
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Black Myres Property Ltd
Statement of financial position (continued)
as at 30 June 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 18 October 2023
C Reidy
Director
Company registration number 13484097 (England and Wales)
Black Myres Property Ltd
Notes to the financial statements
for the year ended 30 June 2023
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the fair value of the consideration received for goods and services provided in the normal course of business. Turnover is recognised on receipt of funds.
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
3
Investment property
2023
£
Fair value
At 1 July 2022 and 30 June 2023
128,867
4
Company information
Black Myres Property Ltd is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.