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Registered number: 12820759
Black Eagle Investment Limited
Unaudited Financial Statements
For The Year Ended 31 August 2023
Sagexcel Accountancy Ltd
55 Lower Addiscombe Road
Croydon
Surrey
CR0 6PQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12820759
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,538,400 1,540,650
1,538,400 1,540,650
CURRENT ASSETS
Debtors 5 57,000 1,200
Cash at bank and in hand 2,272,978 1,506,985
2,329,978 1,508,185
Creditors: Amounts Falling Due Within One Year 6 (2,236,584 ) (1,298,226 )
NET CURRENT ASSETS (LIABILITIES) 93,394 209,959
TOTAL ASSETS LESS CURRENT LIABILITIES 1,631,794 1,750,609
Creditors: Amounts Falling Due After More Than One Year 7 (1,859,986 ) (1,859,986 )
NET LIABILITIES (228,192 ) (109,377 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (228,292 ) (109,477 )
SHAREHOLDERS' FUNDS (228,192) (109,377)
Page 1
Page 2
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Paul Arobaga
Director
30/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Black Eagle Investment Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12820759 . The registered office is 86-90,Paul Street, London, EC2A 4NE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 25
Motor Vehicles 15
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Total
£ £ £
Cost
As at 1 September 2022 1,470,030 73,120 1,543,150
As at 31 August 2023 1,470,030 73,120 1,543,150
Depreciation
As at 1 September 2022 - 2,500 2,500
Provided during the period - 2,250 2,250
As at 31 August 2023 - 4,750 4,750
Net Book Value
As at 31 August 2023 1,470,030 68,370 1,538,400
As at 1 September 2022 1,470,030 70,620 1,540,650
5. Debtors
2023 2022
£ £
Due within one year
Other debtors (1) 50,000 -
VAT 7,000 1,200
57,000 1,200
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 42,900 65,835
Director's loan account 2,193,684 1,232,391
2,236,584 1,298,226
Page 3
Page 4
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Amounts owed to associates 1,859,986 1,859,986
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4