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REGISTERED NUMBER: 05431850















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Black Gold Developments (UK) Limited

Black Gold Developments (UK) Limited (Registered number: 05431850)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Black Gold Developments (UK) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Julian Leigh Jones
C S Parkinson
BlackGold Investments (Jersey) Limited





SECRETARY: L Muddiman





REGISTERED OFFICE: Westons Point Boatyard
Turks Lane
Whitecliff
Poole
Dorset
BH14 8EW





REGISTERED NUMBER: 05431850





ACCOUNTANTS: Accounts on Time Ltd
Smartbase
Aviation Park West, Target Road,
East Parley
Christchurch
Dorset
BH23 6NW

Black Gold Developments (UK) Limited (Registered number: 05431850)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 204,168 246,012
Investments 5 530 530
Investment property 6 2,975,054 2,975,054
3,179,752 3,221,596

CURRENT ASSETS
Stocks 10,091,520 3,474,974
Debtors 7 71,266 147,205
Cash in hand 258,378 53,176
10,421,164 3,675,355
CREDITORS
Amounts falling due within one year 8 272,084 143,547
NET CURRENT ASSETS 10,149,080 3,531,808
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,328,832

6,753,404

CREDITORS
Amounts falling due after more than
one year

9

(13,065,535

)

(6,238,573

)

PROVISIONS FOR LIABILITIES (258 ) (258 )
NET ASSETS 263,039 514,573

Black Gold Developments (UK) Limited (Registered number: 05431850)

Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 263,038 514,572
SHAREHOLDERS' FUNDS 263,039 514,573

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 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 19 September 2024 and were signed on its behalf by:





Julian Leigh Jones - Director


Black Gold Developments (UK) Limited (Registered number: 05431850)

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

1. STATUTORY INFORMATION

Black Gold Developments (UK) Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

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.

Stock and work in progress
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Black Gold Developments (UK) Limited (Registered number: 05431850)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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 4 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 569,141
Additions 23,200
At 31 December 2023 592,341
DEPRECIATION
At 1 January 2023 323,129
Charge for year 65,044
At 31 December 2023 388,173
NET BOOK VALUE
At 31 December 2023 204,168
At 31 December 2022 246,012

Black Gold Developments (UK) Limited (Registered number: 05431850)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 530
NET BOOK VALUE
At 31 December 2023 530
At 31 December 2022 530

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 2,975,054
NET BOOK VALUE
At 31 December 2023 2,975,054
At 31 December 2022 2,975,054

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 30,837 61,867
Other debtors 40,429 85,338
71,266 147,205

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 110,117 105,105
Taxation and social security 5,908 8,058
Other creditors 156,059 30,384
272,084 143,547

Black Gold Developments (UK) Limited (Registered number: 05431850)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 764,973
Other creditors 13,065,535 5,473,600
13,065,535 6,238,573

10. RELATED PARTY DISCLOSURES

Corporate Bonds provided by Black Gold Investments (Jersey) Ltd, were provided to the company during the year and the balance outstanding at the year end was £13,001,582 (2022: £5,473,600) Mr Julian Jones is Director and ultimate beneficial owner of Black Gold Investments (Jersey) Ltd.