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REGISTERED NUMBER: 09109615 (England and Wales)















Financial Statements for the Year Ended 31 October 2023

for

Black Macadam Properties Limited

Black Macadam Properties Limited (Registered number: 09109615)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Black Macadam Properties Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: L Black
A W Black





REGISTERED OFFICE: Pellminhey
Three Lanes End
Heron Road
West Kirby
Wirral
CH48 1PU





REGISTERED NUMBER: 09109615 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Black Macadam Properties Limited (Registered number: 09109615)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 25,225 25,225
Investment property 5 388,174 388,174
413,399 413,399

CURRENT ASSETS
Debtors 6 3,275 1,096
Cash at bank 39,689 9,013
42,964 10,109
CREDITORS
Amounts falling due within one year 7 255,490 178,572
NET CURRENT LIABILITIES (212,526 ) (168,463 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

200,873

244,936

CREDITORS
Amounts falling due after more than
one year

8

63,833

73,548
NET ASSETS 137,040 171,388

CAPITAL AND RESERVES
Called up share capital 25,325 25,325
Retained earnings 111,715 146,063
SHAREHOLDERS' FUNDS 137,040 171,388

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

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

The directors acknowledge their 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 Macadam Properties Limited (Registered number: 09109615)

Balance Sheet - continued
31 October 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 Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





L Black - Director


Black Macadam Properties Limited (Registered number: 09109615)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Black Macadam 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Despite the company's net current liability position at the year end the financial statements have been prepared on a going concern basis as the company has the continued support of its directors and subsidiary undertaking.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover represents the fair value of the consideration for net rents received, excluding value added tax. Turnover is accounted for in the period to which it relates.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any impairment.

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.

Financial instruments
Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.


Black Macadam Properties Limited (Registered number: 09109615)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
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.

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 (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2022
and 31 October 2023 25,225
NET BOOK VALUE
At 31 October 2023 25,225
At 31 October 2022 25,225

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 388,174
NET BOOK VALUE
At 31 October 2023 388,174
At 31 October 2022 388,174

Black Macadam Properties Limited (Registered number: 09109615)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Amounts owed by group undertakings 3,275 1,096

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 11,000 11,000
Taxation and social security 16,655 15,511
Other creditors 227,835 152,061
255,490 178,572

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 63,833 73,548

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans due after 5 years 13,833 23,548

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 74,833 84,548