IRIS Accounts Production v23.3.1.45 10069281 director 1.4.22 31.3.23 31.3.23 false true false false true false Fair value model Ordinary share capital 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure100692812022-03-31100692812023-03-31100692812022-04-012023-03-31100692812021-03-31100692812021-04-012022-03-31100692812022-03-3110069281ns16:EnglandWales2022-04-012023-03-3110069281ns15:PoundSterling2022-04-012023-03-3110069281ns11:Director12022-04-012023-03-3110069281ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3110069281ns11:SmallEntities2022-04-012023-03-3110069281ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3110069281ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3110069281ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3110069281ns11:FullAccounts2022-04-012023-03-3110069281ns11:OrdinaryShareClass12022-04-012023-03-3110069281ns11:RegisteredOffice2022-04-012023-03-3110069281ns6:CurrentFinancialInstruments2023-03-3110069281ns6:CurrentFinancialInstruments2022-03-3110069281ns6:ShareCapital2023-03-3110069281ns6:ShareCapital2022-03-3110069281ns6:FurtherSpecificReserve3ComponentTotalEquity2023-03-3110069281ns6:FurtherSpecificReserve3ComponentTotalEquity2022-03-3110069281ns6:RetainedEarningsAccumulatedLosses2023-03-3110069281ns6:RetainedEarningsAccumulatedLosses2022-03-3110069281ns6:FurnitureFittings2022-04-012023-03-3110069281ns6:FurnitureFittings2022-03-3110069281ns6:FurnitureFittings2023-03-3110069281ns6:FurnitureFittings2022-03-3110069281ns6:DeferredTaxation2022-04-012023-03-3110069281ns6:DeferredTaxation2023-03-3110069281ns11:OrdinaryShareClass12023-03-31
REGISTERED NUMBER: 10069281 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

BLACK PEAK PROPERTIES LIMITED

BLACK PEAK PROPERTIES LIMITED (REGISTERED NUMBER: 10069281)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BLACK PEAK PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr S C Panayi





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 10069281 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certifed Accountants
Solar House
282 Chase Road
London
N14 6NZ

BLACK PEAK PROPERTIES LIMITED (REGISTERED NUMBER: 10069281)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,118 2,648
Investment property 5 900,000 477,501
902,118 480,149

CURRENT ASSETS
Debtors 6 1,455 1,959
Cash at bank and in hand 38,273 25,126
39,728 27,085
CREDITORS
Amounts falling due within one year 7 433,326 434,875
NET CURRENT LIABILITIES (393,598 ) (407,790 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

508,520

72,359

PROVISIONS FOR LIABILITIES 8 95,126 -
NET ASSETS 413,394 72,359

CAPITAL AND RESERVES
Called up share capital 9 90 90
Fair value reserve 10 327,373 -
Retained earnings 85,931 72,269
SHAREHOLDERS' FUNDS 413,394 72,359

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BLACK PEAK PROPERTIES LIMITED (REGISTERED NUMBER: 10069281)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 November 2023 and were signed by:





Mr S C Panayi - Director


BLACK PEAK PROPERTIES LIMITED (REGISTERED NUMBER: 10069281)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Black Peak Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred.This is stated after trade discounts and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred 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 or deferred 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

BLACK PEAK PROPERTIES LIMITED (REGISTERED NUMBER: 10069281)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2022
and 31 March 2023 6,289
DEPRECIATION
At 1 April 2022 3,641
Charge for year 530
At 31 March 2023 4,171
NET BOOK VALUE
At 31 March 2023 2,118
At 31 March 2022 2,648

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 477,501
Revaluations 422,499
At 31 March 2023 900,000
NET BOOK VALUE
At 31 March 2023 900,000
At 31 March 2022 477,501

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 422,499
Cost 477,501
900,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Prepayments 1,455 1,959

BLACK PEAK PROPERTIES LIMITED (REGISTERED NUMBER: 10069281)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors - 840
Tax 3,315 4,785
Amounts due to related party 424,480 424,480
Directors' current accounts 4,571 3,719
Accrued expenses 960 1,051
433,326 434,875

8. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 95,126 -

Deferred
tax
£   
Provided during year 95,126
Balance at 31 March 2023 95,126

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
90 Ordinary share capital 1 90 90

10. RESERVES
Fair
value
reserve
£   
Fairvalue movement 422,499
Deferred tax movement (95,126 )

At 31 March 2023 327,373