Registered number
10780160
BLK INVESTMENTS LIMITED
Unaudited Filleted Accounts
31 May 2023
BLK INVESTMENTS LIMITED
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of BLK INVESTMENTS LIMITED for the year ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of BLK INVESTMENTS LIMITED for the year ended 31 May 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
….......................................
Fordhams & Co. Limited
Chartered Accountants
Studio 6
6 Hornsey Street
London
N7 8GR
23 October 2023
BLK INVESTMENTS LIMITED
Registered number: 10780160
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 1,308,631 1,308,631
Current assets
Cash at bank and in hand 46,228 27,609
Creditors: amounts falling due within one year 4 (1,346) (2,401)
Net current assets 44,882 25,208
Total assets less current liabilities 1,353,513 1,333,839
Creditors: amounts falling due after more than one year 5 (1,362,833) (1,361,755)
Net liabilities (9,320) (27,916)
Capital and reserves
Called up share capital 100 100
Profit and loss account (9,420) (28,016)
Shareholders' funds (9,320) (27,916)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
….......................
Mr Bulent Gurel
Director
Approved by the board on 23 October 2023
BLK INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is represented by rent received during the year.
Investments
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Investments
Other
investments
£
Cost
At 1 June 2022 1,308,631
At 31 May 2023 1,308,631
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 78 1,200
Other creditors 1,268 1,201
1,346 2,401
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 903,297 903,056
Other creditors 459,536 458,699
1,362,833 1,361,755
6 Loans 2023 2022
£ £
Creditors include:
Instalments falling due for payment after more than five years 903,297 903,000
Secured bank loans 903,297 903,000
Loan is secured against the investment properties.
7 Other information
BLK INVESTMENTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Studio 6
6 Hornsey Road
London
N7 8GR
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