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Company Registration No. 11205853 (England and Wales)
Blackmane Developments Ltd Unaudited accounts for the year ended 29 February 2024
Blackmane Developments Ltd Unaudited accounts Contents
Page
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Blackmane Developments Ltd Company Information for the year ended 29 February 2024
Directors
Stephen Holmes Kristian Mason
Company Number
11205853 (England and Wales)
Registered Office
23 Wintour Close Chepstow Monmouthshire NP16 5LE
Accountants
Chepstow Small Business Accountants Ltd 1 Oak Bluff Pwllmeyric Chepstow Monmouthshire NP16 6JZ
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Blackmane Developments Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
23,633 
33,432 
Current assets
Debtors
6,821 
9,233 
Cash at bank and in hand
7,676 
23,981 
14,497 
33,214 
Creditors: amounts falling due within one year
(15,465)
(30,106)
Net current (liabilities)/assets
(968)
3,108 
Total assets less current liabilities
22,665 
36,540 
Creditors: amounts falling due after more than one year
(22,624)
(32,267)
Net assets
41 
4,273 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
39 
4,271 
Shareholders' funds
41 
4,273 
For the year ending 29 February 2024 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 16 August 2024 and were signed on its behalf by
Stephen Holmes Director Company Registration No. 11205853
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Blackmane Developments Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Blackmane Developments Ltd is a private company, limited by shares, registered in England and Wales, registration number 11205853. The registered office is 23 Wintour Close , Chepstow , Monmouthshire , NP16 5LE.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20%
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Blackmane Developments Ltd Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 March 2023
48,995 
At 29 February 2024
48,995 
Depreciation
At 1 March 2023
15,563 
Charge for the year
9,799 
At 29 February 2024
25,362 
Net book value
At 29 February 2024
23,633 
At 28 February 2023
33,432 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
129 
- 
Accrued income and prepayments
2,294 
2,541 
2,423 
2,541 
Amounts falling due after more than one year
Accrued income and prepayments
4,398 
6,692 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
9,643 
10,990 
Taxes and social security
6,703 
(4,505)
Other creditors
10,000 
10,000 
Loans from directors
(11,001)
13,501 
Accruals
120 
120 
15,465 
30,106 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
22,624 
32,267 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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