Blackdown Investment Limited 13178801 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is the rental of commercial property. Digita Accounts Production Advanced 6.30.9574.0 true 13178801 2022-03-01 2023-02-28 13178801 2023-02-28 13178801 bus:Director1 1 2023-02-28 13178801 bus:Director2 1 2023-02-28 13178801 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-02-28 13178801 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 13178801 bus:SmallEntities 2022-03-01 2023-02-28 13178801 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 13178801 bus:FullAccounts 2022-03-01 2023-02-28 13178801 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 13178801 bus:RegisteredOffice 2022-03-01 2023-02-28 13178801 bus:Director1 2022-03-01 2023-02-28 13178801 bus:Director1 1 2022-03-01 2023-02-28 13178801 bus:Director2 2022-03-01 2023-02-28 13178801 bus:Director2 1 2022-03-01 2023-02-28 13178801 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-03-01 2023-02-28 13178801 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 13178801 countries:UnitedKingdom 2022-03-01 2023-02-28 13178801 2022-02-28 13178801 bus:Director1 1 2022-02-28 13178801 bus:Director2 1 2022-02-28 13178801 2021-02-04 2022-02-28 13178801 2022-02-28 13178801 bus:Director1 1 2022-02-28 13178801 bus:Director2 1 2022-02-28 13178801 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-02-28 13178801 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 13178801 bus:Director1 1 2021-02-04 2022-02-28 13178801 bus:Director2 1 2021-02-04 2022-02-28 13178801 bus:Director1 1 2021-02-03 13178801 bus:Director2 1 2021-02-03 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13178801

Blackdown Investment Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2023

 

Blackdown Investment Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Blackdown Investment Limited

Company Information

Directors

Mr Henry John Boulter

Mrs Jennifer Boulter

Registered office

Unit D Green Barn
West Down Farm
Corton Denham
Sherborne
Dorset
DT9 4LG

Accountants

Hatherleigh Limited
Chartered Accountants & Business Advisers
Unit D Green Barn
West Down Farm
Corton Denham
Sherborne
Dorset
DT9 4LG

 

Blackdown Investment Limited

(Registration number: 13178801)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

5

705,268

705,268

Current assets

 

Cash at bank and in hand

 

29,951

11,912

Creditors: Amounts falling due within one year

6

(679,732)

(694,632)

Net current liabilities

 

(649,781)

(682,720)

Net assets

 

55,487

22,548

Capital and reserves

 

Called up share capital

7

120

120

Retained earnings

55,367

22,428

Shareholders' funds

 

55,487

22,548

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 March 2023 and signed on its behalf by:
 

.........................................
Mr Henry John Boulter
Director

.........................................
Mrs Jennifer Boulter
Director

 

Blackdown Investment Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Unit D Green Barn
West Down Farm
Corton Denham
Sherborne
Dorset
DT9 4LG

These financial statements were authorised for issue by the Board on 15 March 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Blackdown Investment Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Blackdown Investment Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

4

Tangible assets

Cost or valuation

Depreciation

Carrying amount

At 28 February 2023

Included within the net book value of land and buildings above is £Nil (2022 - £Nil) in respect of freehold land and buildings.
 

5

Investment properties

2023
£

At 1 March

705,268

At 28 February

705,268

There has been no valuation of investment property by an independent valuer.

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

9,789

7,331

Accruals and deferred income

400

400

Other creditors

669,543

686,901

679,732

694,632

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £1 each

120

120

120

120

         

8

Related party transactions

 

Blackdown Investment Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Transactions with directors

2023

At 1 March 2022
£

Advances to director
£

At 28 February 2023
£

Mr Henry John Boulter

The director maintains an interest free loan with the company which is repayable upon demand

341,709

(8,679)

333,030

       
     

Mrs Jennifer Boulter

The director maintains an interest free loan with the company which is repayable upon demand

341,709

(8,679)

333,030

       
     

 

2022

At 4 February 2021
£

Advances to director
£

Repayments by director
£

At 28 February 2022
£

Mr Henry John Boulter

The director maintains an interest free loan with the company which is repayable upon demand

-

(11,135)

352,844

341,709

         
       

Mrs Jennifer Boulter

The director maintains an interest free loan with the company which is repayable upon demand

-

(11,135)

352,844

341,709