REGISTERED NUMBER: |
Financial Statements for the Period 1 October 2022 to 30 November 2023 |
for |
Black Hill Midco Limited |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 7 | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings | ( |
) | ( |
) |
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 |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
NET BOOK VALUE |
At 30 November 2023 |
At 30 September 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.23 | 30.9.22 |
£ | £ |
Amounts owed by group undertakings |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.23 | 30.9.22 |
£ | £ |
Amounts owed to group undertakings |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.11.23 | 30.9.22 |
£ | £ |
Amounts owed to group undertakings |
Other creditors |
8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
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. |