Registered number: 12231179 | ||||||||
FOR THE YEAR ENDED 30 SEPTEMBER 2022 | ||||||||
Prepared By: | ||||||||
Lever Bros & Co | ||||||||
Chartered Accountants | ||||||||
First Floor, 690 Great West Road | ||||||||
Osterley Village | ||||||||
Isleworth | ||||||||
TW7 4PU |
Black Cat Re Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30 SEPTEMBER 2022 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 12231179 | ||||||||
ACCOUNTANTS | ||||||||
Lever Bros & Co | ||||||||
Chartered Accountants | ||||||||
First Floor, 690 Great West Road | ||||||||
Osterley Village | ||||||||
Isleworth | ||||||||
TW7 4PU |
Black Cat Re Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED30 SEPTEMBER 2022 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Black Cat Re Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2022 | 2021 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | ||||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
38,742 | 130,662 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT LIABILITIES | ( | (1,796,169) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 | |||||||||
Profit and loss account | 58,004 | 44,695 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Black Cat Re Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30 SEPTEMBER 2022 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Investment Properties | ||||||||
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view. |
1c. Taxation | ||||||||
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. |
1d. Turnover | ||||||||
Turnover represents the total value of rental income receivable during the year. The total turnover of the company for the year has been dervied from its principal activity wholly undertaken in th UK. |
1e. Statutory Information | ||||||||
Black Cat Re Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered number is 12231179 and registered office address is First Floor 690 Great West Road, Osterley Village, Isleworth, United Kingdom, TW7 4PU. |
1f. Financial Instruments | ||||||||
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities |
Black Cat Re Limited | ||||||||
2. EMPLOYEES | ||||||
2022 | 2021 | |||||
No. | No. | |||||
Average number of employees | - | |||||
3. INVESTMENT PROPERTIES | ||||||||
Investment | ||||||||
Properties | Total | |||||||
£ | £ | |||||||
Fair value | ||||||||
At 1 October 2021 | 1,842,864 | 1,842,864 | ||||||
At 30 September 2022 | 1,842,864 | 1,842,864 | ||||||
The freehold investment properties are stated at open market value on a current usage basis at the directors valuation, at the balance sheet date. The freehold properties have not been depreciated over their useful economic lives as required by the Companies Act 2006 in order that the financial statements give a true and fair view. | ||||||||
The effect of following the Companies Act 2006 treatment would be as follows: | ||||||||
Tangible fixed assets included at a valuation would have been included on a historical cost basis at £1,842,864, (2021: £1,842,864), depreciation of £110,572 (2021: £73,714), and net book value of £1,732,292 (2021: £1,769,150). | ||||||||
4. DEBTORS | 2022 | 2021 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Other debtors | 1,165 | 1,165 | ||||||
1,165 | 1,165 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2022 | 2021 | |||||||
£ | £ | |||||||
Taxation and social security | 13,055 | 18,555 | ||||||
Directors current account | 2,910 | 2,910 | ||||||
Loans | 1,769,167 | 1,869,586 | ||||||
Other creditors | 35,090 | 35,090 | ||||||
Accruals | 1,380 | 690 | ||||||
1,821,602 | 1,926,831 | |||||||
Black Cat Re Limited | ||||||||
6. SECURED CREDITORS | ||||||||
2022 | 2021 | |||||||
£ | £ | |||||||
Amount of bank loans and overdrafts which are secured | 1,769,167 | 1,869,586 | ||||||
7. SHARE CAPITAL | 2022 | 2021 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
2,000 | 2,000 | |||||||
2,000 | 2,000 | |||||||