D J Blackmore Limited 03373234 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of purchase and development of properties for resale and let. Digita Accounts Production Advanced 6.30.9574.0 true true 03373234 2023-01-01 2023-12-31 03373234 2023-12-31 03373234 core:CurrentFinancialInstruments 2023-12-31 03373234 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 03373234 core:FurnitureFittings 2023-12-31 03373234 core:MotorVehicles 2023-12-31 03373234 1 2023-12-31 03373234 bus:SmallEntities 2023-01-01 2023-12-31 03373234 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03373234 bus:FilletedAccounts 2023-01-01 2023-12-31 03373234 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03373234 bus:RegisteredOffice 2023-01-01 2023-12-31 03373234 bus:Director1 2023-01-01 2023-12-31 03373234 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03373234 core:FurnitureFittings 2023-01-01 2023-12-31 03373234 core:MotorVehicles 2023-01-01 2023-12-31 03373234 countries:EnglandWales 2023-01-01 2023-12-31 03373234 1 2023-01-01 2023-12-31 03373234 2022-12-31 03373234 core:FurnitureFittings 2022-12-31 03373234 core:MotorVehicles 2022-12-31 03373234 1 2022-12-31 03373234 2022-01-01 2022-12-31 03373234 2022-12-31 03373234 core:CurrentFinancialInstruments 2022-12-31 03373234 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 03373234 1 2022-12-31 03373234 1 2022-01-01 2022-12-31 03373234 1 2021-12-31 iso4217:GBP xbrli:pure

Registration number: 03373234

D J Blackmore Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

D J Blackmore Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

D J Blackmore Limited

(Registration number: 03373234)
Statement of Financial Position as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,875

-

Investment property

5

1,485,000

1,335,000

 

1,486,875

1,335,000

Current assets

 

Stocks

6

6,491

55,000

Debtors

7

1,086

485

Cash at bank and in hand

 

160,617

39,153

 

168,194

94,638

Creditors: Amounts falling due within one year

8

(282,000)

(151,503)

Net current liabilities

 

(113,806)

(56,865)

Total assets less current liabilities

 

1,373,069

1,278,135

Provisions for liabilities

(107,214)

(107,214)

Net assets

 

1,265,855

1,170,921

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

1,265,755

1,170,821

Shareholders' funds

 

1,265,855

1,170,921

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 13 September 2024 and signed on its behalf by:
 

 

D J Blackmore Limited

(Registration number: 03373234)
Statement of Financial Position as at 31 December 2023 (continued)


D W J Blackmore
Director

 

D J Blackmore Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 King Street
Honiton
Devon
EX14 1AB

Principal activity

The principal activity of the company is that of purchase and development of properties for resale and let.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

 

D J Blackmore Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 December 2023 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

 

D J Blackmore Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 December 2023 (continued)

2

Accounting policies (continued)

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2022 - 1).

 

D J Blackmore Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 December 2023 (continued)

4

Tangible assets

Fixtures and fittings
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2023

555

-

555

Additions

-

2,500

2,500

At 31 December 2023

555

2,500

3,055

Depreciation

At 1 January 2023

555

-

555

Charge for the year

-

625

625

At 31 December 2023

555

625

1,180

Carrying amount

At 31 December 2023

-

1,875

1,875

5

Investment properties

2023
£

At 1 January

1,335,000

Additions

150,000

At 31 December

1,485,000

There has been no valuation of investment property by an independent valuer.

6

Stocks

2023
£

2022
£

Finished goods and goods for resale

6,491

55,000

7

Debtors

2023
£

2022
£

Prepayments

1,086

485

1,086

485

 

D J Blackmore Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 December 2023 (continued)

8

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

24,561

417

Taxation and social security

26,705

8,719

Accruals and deferred income

3,700

3,200

Other creditors

227,034

139,167

282,000

151,503

9

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

10

Related party transactions

Transactions with directors

2023

At 1 January 2023
£

Advances to director
£

Repayments by director
£

At 31 December 2023
£

Director

(139,167)

2,132

(90,000)

(227,035)

         
       

 

2022

At 1 January 2022
£

Advances to director
£

At 31 December 2022
£

Director

(282,336)

143,169

(139,167)