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REGISTERED NUMBER: 05674904 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

The Black Lab Property Company Ltd

The Black Lab Property Company Ltd (Registered number: 05674904)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Black Lab Property Company Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: D M A Bassett
Mrs S M Bassett





SECRETARY: Moore SW Ltd





REGISTERED OFFICE: 30 Gay Street
Bath
BA1 2PA





REGISTERED NUMBER: 05674904 (England and Wales)





ACCOUNTANTS: Moore
Chartered Accountants
30 Gay Street
Bath
BA1 2PA

The Black Lab Property Company Ltd (Registered number: 05674904)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 420,000 420,000

CURRENT ASSETS
Cash at bank and in hand 133,015 145,851

CREDITORS
Amounts falling due within one year 5 5,486 27,016
NET CURRENT ASSETS 127,529 118,835
TOTAL ASSETS LESS CURRENT
LIABILITIES

547,529

538,835

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 547,527 538,833
SHAREHOLDERS' FUNDS 547,529 538,835

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

The Black Lab Property Company Ltd (Registered number: 05674904)

Balance Sheet - continued
31 January 2024


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 7 August 2024 and were signed on its behalf by:





D M A Bassett - Director


The Black Lab Property Company Ltd (Registered number: 05674904)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

The Black Lab Property Company 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

The Black Lab Property Company Ltd (Registered number: 05674904)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 420,000
NET BOOK VALUE
At 31 January 2024 420,000
At 31 January 2023 420,000

The properties were revalued in the year ended 31 January 2022 to the amount that the directors believe fairly represents the open market value of the properties.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Tax 4,832 3,411
Directors' current accounts - 22,832
Accruals and deferred income 654 773
5,486 27,016

6. RELATED PARTY DISCLOSURES

Included in creditors is £NIL (2023 - £5,000) owed by the company to the director, D Bassett, and £NIL (2023 - £17,832) owed to the director, Mrs S Bassett.