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Registered number: 10463282









BLACKWALL PROPERTY GROUP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
BLACKWALL PROPERTY GROUP LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BLACKWALL PROPERTY GROUP LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Blackwall Property Group Limited for the year ended 31 December 2023 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Blackwall Property Group Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Blackwall Property Group Limited and state those matters that we have agreed to state to the Board of directors of Blackwall Property Group Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Blackwall Property Group Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Blackwall Property Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Blackwall Property Group Limited. You consider that Blackwall Property Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Blackwall Property Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Barnes Roffe LLP
Chartered Accountants
Leytonstone House
3 Hanbury Drive
Leytonstone
London
E11 1GA
23 September 2024
Page 1

 
BLACKWALL PROPERTY GROUP LIMITED
REGISTERED NUMBER: 10463282

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
3
3

Current assets
  

Debtors
 5 
673,251
691,264

Cash at bank and in hand
 6 
2,537
1,748

  
675,788
693,012

Net current assets
  
 
 
675,788
 
 
693,012

Total assets less current liabilities
  
675,791
693,015

Creditors: amounts falling due after more than one year
 7 
(670,000)
(686,000)

  

Net assets
  
5,791
7,015


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
5,789
7,013

  
5,791
7,015


Page 2

 
BLACKWALL PROPERTY GROUP LIMITED
REGISTERED NUMBER: 10463282
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 September 2024.




D J Godden
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
BLACKWALL PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Blackwall Property Group Limited (formerly known as Blackwall Property Limited) (the "company") is a company limited by shares, incorporated in England and Wales. Its registered office is 3 Blackwall Trading Estate, Lanrick Road, London, E14 0JP.
The principle activity of the company is that of a holding company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.5

Creditors

Short-term creditors are measured at the transaction price. 

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Page 4

 
BLACKWALL PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

  
2.7

Share capital

Ordinary share are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. 


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).






4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
3



At 31 December 2023
3





Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Class of shares

Holding

Blackwall Property (No.1) Limited
Ordinary
100%
Blackwall Property (No.2) Limited
Ordinary
100%
Blackwall Property (No.3) Limited
Ordinary
100%

Page 5

 
BLACKWALL PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors


2023
2022
£
£

Due after more than one year

Amounts owed by group undertakings
669,249
689,400

Due within one year

Amounts owed by group undertakings
4,000
1,862

Called up share capital not paid
2
2

673,251
691,264



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,537
1,748



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Amounts owed to group undertakings
670,000
686,000



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary A shares share of £1.00
1
1
1 (2022 - 1) Ordinary B shares share of £1.00
1
1

2

2


Page 6

 
BLACKWALL PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Related party transactions

At the year end the company owed its parent undertaking £670,000 (2022 - £686,000).
During the year the company paid loans amounting to £18,000 (2022 - £41,249) to its subsidiary undertaking. At the year end the company was owed £673,249 (2022 - £691,262) from its subsidiary undertaking.


10.


Controlling party

The ultimate parent entity is Lanrick Holdings Limited. The accounts of Lanrick Holdings Limited can be obtained from the Registrar of Companies at Companies House, Crown Way, Cardiff, CF14 3UZ

 
Page 7