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REGISTERED NUMBER: 12026213 (England and Wales)















Financial Statements for the Period 1 October 2022 to 30 November 2023

for

Black Hill Midco Limited

Black Hill Midco Limited (Registered number: 12026213)






Contents of the Financial Statements
for the Period 1 October 2022 to 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Black Hill Midco Limited

Company Information
for the Period 1 October 2022 to 30 November 2023







DIRECTORS: R J R Houe
P J R Houe
N J G Houe





REGISTERED OFFICE: 1st Floor, Olympus House
Quedgeley
Gloucester
United Kingdom
GL2 4NF





REGISTERED NUMBER: 12026213 (England and Wales)





AUDITORS: WP Audit Limited
Statutory Auditors
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN

Black Hill Midco Limited (Registered number: 12026213)

Balance Sheet
30 November 2023

30.11.23 30.9.22
Notes £    £   
FIXED ASSETS
Investments 4 9,944,679 9,944,679

CURRENT ASSETS
Debtors 5 1,270,768 1,228,256

CREDITORS
Amounts falling due within one year 6 (11,059,240 ) (1,242,049 )
NET CURRENT LIABILITIES (9,788,472 ) (13,793 )
TOTAL ASSETS LESS CURRENT LIABILITIES 156,207 9,930,886

CREDITORS
Amounts falling due after more than one year 7 - (9,774,679 )
NET ASSETS 156,207 156,207

CAPITAL AND RESERVES
Called up share capital 1,700 1,700
Share premium 168,300 168,300
Retained earnings (13,793 ) (13,793 )
156,207 156,207

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 1 October 2024 and were signed on its behalf by:





N J G Houe - Director


Black Hill Midco Limited (Registered number: 12026213)

Notes to the Financial Statements
for the Period 1 October 2022 to 30 November 2023

1. STATUTORY INFORMATION

Black Hill Midco 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Black Hill Midco Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future that affect the position shown in the accounts.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Loans to subsidiary companies are recorded as fixed asset investments where they are intended for use on a continuing basis to fund the activities of the subsidiary.

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.

Taxation
Taxation for the period 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 Hill Midco Limited (Registered number: 12026213)

Notes to the Financial Statements - continued
for the Period 1 October 2022 to 30 November 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 period 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 period was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2022
and 30 November 2023 9,944,679
NET BOOK VALUE
At 30 November 2023 9,944,679
At 30 September 2022 9,944,679

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.9.22
£    £   
Amounts owed by group undertakings 1,270,768 1,228,256

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.9.22
£    £   
Amounts owed to group undertakings 11,059,240 1,242,049

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.9.22
£    £   
Amounts owed to group undertakings - 9,380,928
Other creditors - 393,751
- 9,774,679

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Philippa Duckworth BSc FCCA (Senior Statutory Auditor)
for and on behalf of WP Audit Limited

Black Hill Midco Limited (Registered number: 12026213)

Notes to the Financial Statements - continued
for the Period 1 October 2022 to 30 November 2023

9. RELATED PARTY DISCLOSURES

The company has entered into borrowings of £58,870.900 with Pierre Houe et Associes. The group and Pierre Houe et Associes are related parties due to the existence of common members/directorships Interest on the loan is accrued at a rate of 3.5% per annum with the total interest accrued during the period being £42,512.

10. ULTIMATE CONTROLLING PARTY

The parent company which prepares consolidated financial statements in which these accounts are included is Capfun UK Limited a limited company registered under 14334815 in England & Wales with its registered office being 1st Floor Olympus House, Quedgeley, Gloucester, United Kingdom, GL2 4NF.

The ultimate parent company is considered to be Pierre Houe et Associes a limited company registered under 312 382 757 00069 in France with its registered office being 73 Parc D'activite L'argile, 06370 Mouans-Sartoux.

There is no ultimate controlling party.