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Registered number: 13091340










BLACKLOCK (CANARY WHARF) LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
BLACKLOCK (CANARY WHARF) LIMITED
REGISTERED NUMBER: 13091340

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
900,782
231,170

  
900,782
231,170

Current assets
  

Debtors: amounts falling due within one year
 5 
120,360
120,360

Cash at bank and in hand
  
-
5

  
120,360
120,365

Creditors: amounts falling due within one year
 6 
(1,021,137)
(351,530)

Net current liabilities
  
 
 
(900,777)
 
 
(231,165)

Total assets less current liabilities
  
5
5

Provisions for liabilities
  

Deferred tax
  
(17,213)
-

  
 
 
(17,213)
 
 
-

Net (liabilities)/assets
  
(17,208)
5


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(17,209)
4

  
(17,208)
5


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 31 July 2024.

................................................
Gordon Ker
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 1

 
BLACKLOCK (CANARY WHARF) LIMITED
REGISTERED NUMBER: 13091340
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023


Page 2

 
BLACKLOCK (CANARY WHARF) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Blacklock (Canary Wharf) Limited (formerly Blacklock at Home Limited) was incorporated on 18 December 2020 in England & Wales with the company number 13091340. The company's registered office at 13-14 Dean Street, London, W1D 3RS.
Its principal activity is to hold the lease for a site that trades out of another entity in the group in which this company sits. 

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

After reviewing the Company's forecasts and projections the director has a reasonable expectation
that the Company has adequate resources to continue in operational existence for at least the next
twelve months following approval of these financial statements. The Company therefore continues to
adopt the going concern basis in preparing its financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue relates to recharged rental revenue and is recognised in the period in which it relates.

Page 3

 
BLACKLOCK (CANARY WHARF) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet 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 differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
over the term of the lease

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 profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

Page 4

 
BLACKLOCK (CANARY WHARF) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).

The average monthly number of employees, including directors, during the year was 0 (2022 - 0).

Page 5

 
BLACKLOCK (CANARY WHARF) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Short-term leasehold property

£



Cost


At 1 January 2023
231,170


Additions
726,063



At 31 December 2023

957,233



Depreciation


Charge for the year
56,451



At 31 December 2023

56,451



Net book value



At 31 December 2023
900,782



At 31 December 2022
231,170


5.


Debtors

2023
2022
£
£


Other debtors
120,360
120,360


Other debtors relate to rent deposits and are due in more than one year.


6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
876,292
351,530

Accruals and deferred income
144,845
-


Amounts owed to group undertakings are interest free and repayable on demand.

Page 6

 
BLACKLOCK (CANARY WHARF) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Controlling party

Understudy Limited is the Company's ultimate controlling company, and the largest group for which consolidated accounts including the company are prepared. The consolidated accounts of Understudy Limited are available from its registered office, 13-14 Dean Street, London, W1D 3RS.


8.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 31 July 2024 by Emma Bernardez (Senior Statutory Auditor) on behalf of Haysmacintyre LLP.

Page 7