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REGISTERED NUMBER: 10408941 (England and Wales)















Financial Statements for the Year Ended 31 October 2022

for

Black Dagger Portfolio Ltd

Black Dagger Portfolio Ltd (Registered number: 10408941)






Contents of the Financial Statements
for the Year Ended 31 October 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Black Dagger Portfolio Ltd

Company Information
for the Year Ended 31 October 2022







DIRECTOR: A N Thorpe





REGISTERED OFFICE: Upperbridge House
24 Huddersfield Road,
Holmfirth
HD9 2JS





REGISTERED NUMBER: 10408941 (England and Wales)





ACCOUNTANTS: Leon & Company
Chartered Accountants
100 High Ash Drive
Alwoodley
Leeds
West Yorkshire
LS17 8RE

Black Dagger Portfolio Ltd (Registered number: 10408941)

Balance Sheet
31 October 2022

31.10.22 31.10.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 2,160
Investment property 5 883,068 948,068
883,068 950,228

CURRENT ASSETS
Debtors 6 452,485 111,400
Investments 7 1,294 1,294
Cash at bank 5 125,392
453,784 238,086
CREDITORS
Amounts falling due within one year 8 491,662 103,991
NET CURRENT (LIABILITIES)/ASSETS (37,878 ) 134,095
TOTAL ASSETS LESS CURRENT
LIABILITIES

845,190

1,084,323

CREDITORS
Amounts falling due after more than one
year

9

(927,922

)

(1,119,237

)

PROVISIONS FOR LIABILITIES (23,754 ) (23,754 )
NET LIABILITIES (106,486 ) (58,668 )

CAPITAL AND RESERVES
Called up share capital 80 80
Revaluation reserve 10 101,266 101,266
Retained earnings (207,832 ) (160,014 )
SHAREHOLDERS' FUNDS (106,486 ) (58,668 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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 Dagger Portfolio Ltd (Registered number: 10408941)

Balance Sheet - continued
31 October 2022


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 April 2024 and were signed by:





A N Thorpe - Director


Black Dagger Portfolio Ltd (Registered number: 10408941)

Notes to the Financial Statements
for the Year Ended 31 October 2022

1. STATUTORY INFORMATION

Black Dagger Portfolio Ltd 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.

Investment property
In accordance with Statement of Standard Accounting Practice No 19, some of the company's properties are held for long term investment and are included in the balance sheet at their open market values. The surplus or deficit on annual revaluation of such properties is transferred to the investment property revaluation reserve.

Depreciation is not provided in respect of freehold investment properties. Leasehold investment properties are not amortised. This represents a departure from the Financial Reporting Standard for Smaller Entities, which requires depreciation to be provided on all fixed assets. The directors consider that this policy is necessary in order that the Financial Statements may give a true and fair view because current values and changes in values are of prime importance rather than the calculation of systematic annual depreciation. Depreciation is only one of many factors reflected in the annual valuation and the amount, which might otherwise have been shown, cannot be separately identified or quantified.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

Black Dagger Portfolio Ltd (Registered number: 10408941)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 November 2021
and 31 October 2022 8,640
DEPRECIATION
At 1 November 2021 6,480
Charge for year 2,160
At 31 October 2022 8,640
NET BOOK VALUE
At 31 October 2022 -
At 31 October 2021 2,160

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2021 948,068
Disposals (65,000 )
At 31 October 2022 883,068
NET BOOK VALUE
At 31 October 2022 883,068
At 31 October 2021 948,068

Fair value at 31 October 2022 is represented by:
£   
Valuation in 2018 61,815
Valuation in 2019 30,040
Valuation in 2020 33,165
Cost 758,048
883,068

If investment property had not been revalued it would have been included at the following historical cost:

31.10.22 31.10.21
£    £   
Cost 823,048 823,048

Investment property was valued on an open market basis on 31 October 2020 by the directors .

Black Dagger Portfolio Ltd (Registered number: 10408941)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Amounts owed by group undertakings 372,031 4,000
Other debtors 80,454 107,400
452,485 111,400

7. CURRENT ASSET INVESTMENTS
31.10.22 31.10.21
£    £   
Shares in group undertakings 1,294 1,294

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Bank loans and overdrafts 9,877 -
Trade creditors 757 2,175
Taxation and social security 13,065 -
Other creditors 467,963 101,816
491,662 103,991

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.22 31.10.21
£    £   
Bank loans 587,922 587,922
Other creditors 340,000 531,315
927,922 1,119,237

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 587,922 587,922
Other loans more 5yrs non-inst 340,000 531,315
927,922 1,119,237

10. RESERVES
Revaluation
reserve
£   
At 1 November 2021
and 31 October 2022 101,266

11. RELATED PARTY DISCLOSURES

There is a loan advanced to a director totalling £40,099 (2021: £37,458). This loan is interest-free and repayable on demand.

Black Dagger Portfolio Ltd

Report of the Accountants to the Director of
Black Dagger Portfolio Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2022 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Leon & Company
Chartered Accountants
100 High Ash Drive
Alwoodley
Leeds
West Yorkshire
LS17 8RE


Date: .............................................