Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-302falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.Other businesses support service activities not elsewhere classified2022-12-012falsetrue 05042016 2022-12-01 2023-11-30 05042016 2021-12-01 2022-11-30 05042016 2023-11-30 05042016 2022-11-30 05042016 c:Director1 2022-12-01 2023-11-30 05042016 d:Buildings d:LongLeaseholdAssets 2022-12-01 2023-11-30 05042016 d:Buildings d:LongLeaseholdAssets 2023-11-30 05042016 d:Buildings d:LongLeaseholdAssets 2022-11-30 05042016 d:OfficeEquipment 2022-12-01 2023-11-30 05042016 d:OfficeEquipment 2023-11-30 05042016 d:OfficeEquipment 2022-11-30 05042016 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 05042016 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 05042016 d:CurrentFinancialInstruments 2023-11-30 05042016 d:CurrentFinancialInstruments 2022-11-30 05042016 c:OrdinaryShareClass1 2022-12-01 2023-11-30 05042016 c:OrdinaryShareClass1 2023-11-30 05042016 c:FRS102 2022-12-01 2023-11-30 05042016 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 05042016 c:FullAccounts 2022-12-01 2023-11-30 05042016 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 05042016 e:PoundSterling 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 05042016














THE BLACK ANT GROUP SERVICES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED  30 NOVEMBER 2023

 
THE BLACK ANT GROUP SERVICES LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 5


 
THE BLACK ANT GROUP SERVICES LIMITED
REGISTERED NUMBER:05042016

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,485
3,561

Current assets
  

Debtors: amounts falling due within one year
 5 
105,190
88,423

Cash at bank and in hand
  
29,656
41,451

  
134,846
129,874

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(243,810)
(127,857)

Net current (liabilities)/assets
  
 
 
(108,964)
 
 
2,017

  

Net (liabilities)/assets
  
(106,479)
5,578


Capital and reserves
  

Called up share capital 
 7 
365,000
365,000

Profit and loss account
  
(471,479)
(359,422)

  
(106,479)
5,578


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 April 2024.



A Schwartz
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
THE BLACK ANT GROUP SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

The Black Ant Group Services Ltd is a private limited liability company incorporated and domiciled in England & Wales, with its registered address and principal place of business at 56 Eaton Mews South, London, SW1W 9HR. 
The company's functional and presentational currency is £ sterling.
The principal activity of the company was to provide business services to The Black Ant Group LLP "The LLP", an entity which was formerly a subsidiary of the group. The LLP ceased trading on 07 November 2019 and subsequently the company has been seeking new business opportunities.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the reporting date the company has net current liabilities and net liabilities. The controlling party has confirmed that he has the ability and will continue to provide financial support to the company so that it will be able to carry on trading and meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved. Therefore the accounts have been prepared under going concern basis.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis:

Improvements to property
-
33% Straight line
Office equipment
-
20 - 33% Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Consolidated Statement of Comprehensive Income.

Page 2

 
THE BLACK ANT GROUP SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.4

Basic financial instruments

The company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, and loans with related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.
Cash and cash equivalents comprise cash balances and call deposits.

 
2.5

Foreign currency translation

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Comprehensive Income.

 
2.6

Pensions

The company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in the Consolidated Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
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 income.
 
Page 3

 
THE BLACK ANT GROUP SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)


2.7
Taxation (continued)

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent difference. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Long-term leasehold property
Office equipment
Total

£
£
£



Cost


At 1 December 2022
24,099
191,570
215,669


Additions
-
736
736



At 30 November 2023

24,099
192,306
216,405



Depreciation


At 1 December 2022
24,099
188,009
212,108


Charge for the year on owned assets
-
1,812
1,812



At 30 November 2023

24,099
189,821
213,920



Net book value



At 30 November 2023
-
2,485
2,485



At 30 November 2022
-
3,561
3,561

Page 4

 
THE BLACK ANT GROUP SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Debtors

2023
2022
£
£


Other debtors
102,381
85,677

Prepayments and accrued income
2,809
2,746

105,190
88,423



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
3,750
6,171

Taxation and social security
738
738

Other creditors
237,708
117,099

Accruals and deferred income
1,614
3,849

243,810
127,857



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



365,000 Ordinary shares of £1 each
365,000
365,000



8.


Related party transactions

During the year, the company occupied offices owned by A Schwartz, the director of the company, for which no rent was charged.

 
Page 5