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REGISTERED NUMBER: 06293373 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

BLACKFAIR DEVELOPMENTS LIMITED

BLACKFAIR DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06293373)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BLACKFAIR DEVELOPMENTS LIMITED

COMPANY INFORMATION
For The Year Ended 30 June 2024







DIRECTOR: Brett Darren Hesse





SECRETARY: Alexandra Hera Fitzpatrick





REGISTERED OFFICE: Dalton House
60 Windsor Avenue
London
SW19 2RR





REGISTERED NUMBER: 06293373 (England and Wales)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
OBAN
Argyll
PA34 4AZ

BLACKFAIR DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06293373)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 3,503
Investment property 5 - 805,249
- 808,752

CURRENT ASSETS
Debtors 6 561,129 -
Cash at bank 1,684 36,879
562,813 36,879
CREDITORS
Amounts falling due within one year 7 232,194 231,207
NET CURRENT ASSETS/(LIABILITIES) 330,619 (194,328 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

330,619

614,424

CREDITORS
Amounts falling due after more than one year 8 - (11,958 )

PROVISIONS FOR LIABILITIES - (53,773 )
NET ASSETS 330,619 548,693

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 - 306,228
Retained earnings 330,519 242,365
SHAREHOLDERS' FUNDS 330,619 548,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BLACKFAIR DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06293373)

BALANCE SHEET - continued
30 June 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 director and authorised for issue on 29 August 2024 and were signed by:





Brett Darren Hesse - Director


BLACKFAIR DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06293373)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2024

1. STATUTORY INFORMATION

Blackfair Developments 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.

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.

The company is being supported by the Directors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance
Computer equipment - 25% on reducing balance

No depreciation has been charged on the properties as, in the opinion of the director, there has been no diminution in value. However in line with FRS 102 the investment properties have been revalued in the financial year ended 30th June 2020.

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.

3. EMPLOYEES AND DIRECTORS

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

BLACKFAIR DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06293373)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 16,950 1,707 18,657
Disposals (16,950 ) (1,707 ) (18,657 )
At 30 June 2024 - - -
DEPRECIATION
At 1 July 2023 13,790 1,364 15,154
Charge for year 3,160 343 3,503
Eliminated on disposal (16,950 ) (1,707 ) (18,657 )
At 30 June 2024 - - -
NET BOOK VALUE
At 30 June 2024 - - -
At 30 June 2023 3,160 343 3,503

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 805,249
Additions 14,073
Disposals (819,322 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 805,249

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 561,129 -

BLACKFAIR DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06293373)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,960 4,747
Trade creditors - 870
Taxation and social security (386 ) -
Other creditors 220,620 225,590
232,194 231,207

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 11,958

9. RESERVES
Revaluation
reserve
£   
At 1 July 2023 306,228
Deferred tax movement 53,772
Transfer (360,000 )

At 30 June 2024 -