Company Registration No. 12474337 (England and Wales)
Black Cat Living Ltd
Unaudited accounts
for the year ended 31 October 2023
Black Cat Living Ltd
Unaudited accounts
Contents
Black Cat Living Ltd
Company Information
for the year ended 31 October 2023
Directors
Mr Albert Alexander Scott Christie
Mrs Irene Welford-Christie
Company Number
12474337 (England and Wales)
Accountants
James Wheelan Accountancy Limited
Minshull House
67 Wellington Road North
Stockport
SK4 2LP
Black Cat Living Ltd
Statement of financial position
as at 31 October 2023
Investment property
355,000
348,000
Cash at bank and in hand
1,031
322
Creditors: amounts falling due within one year
(960)
(960)
Net current assets/(liabilities)
352
(428)
Total assets less current liabilities
355,352
347,572
Creditors: amounts falling due after more than one year
(335,928)
(316,871)
Provisions for liabilities
Deferred tax
(13,837)
(9,690)
Called up share capital
100
100
Fair value reserve
58,988
63,008
Profit and loss account
(53,501)
(42,097)
Shareholders' funds
5,587
21,011
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by
Mr Albert Alexander Scott Christie
Director
Company Registration No. 12474337
Black Cat Living Ltd
Notes to the Accounts
for the year ended 31 October 2023
Black Cat Living Ltd is a private company, limited by shares, registered in England and Wales, registration number 12474337.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Fair value at 1 November 2022
348,000
Net gain from fair value adjustments
7,000
At 31 October 2023
355,000
Amounts falling due within one year
Accrued income and prepayments
281
210
Black Cat Living Ltd
Notes to the Accounts
for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023
2022
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
215,486
209,627
Loans from directors
120,442
107,244
Bank loans are secured by way of charge of the investment property in the company.
8
Deferred taxation
2023
2022
Revaluation of investment property
13,837
9,690
Provision at start of year
9,690
2,817
Charged to the profit and loss account
4,147
6,873
Provision at end of year
13,837
9,690
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).