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REGISTERED NUMBER: 13886290 (England and Wales)













Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Black Isle Capital Partners Limited

Black Isle Capital Partners Limited (Registered number: 13886290)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Black Isle Capital Partners Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: S K Holt





REGISTERED OFFICE: 7 Bell Yard
London
WC2A 2JR





REGISTERED NUMBER: 13886290 (England and Wales)





ACCOUNTANTS: Gerber Landa & Gee
Chartered Accountants
Pavilion 1
Finnieston Business Park
Minerva Way
GLASGOW
G3 8AU

Black Isle Capital Partners Limited (Registered number: 13886290)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,438 2,598

CURRENT ASSETS
Debtors 5 8,960 21,853
Cash at bank 11,281 8,696
20,241 30,549
CREDITORS
Amounts falling due within one year 6 54,750 30,057
NET CURRENT (LIABILITIES)/ASSETS (34,509 ) 492
TOTAL ASSETS LESS CURRENT
LIABILITIES

(33,071

)

3,090

PROVISIONS FOR LIABILITIES 273 714
NET (LIABILITIES)/ASSETS (33,344 ) 2,376

CAPITAL AND RESERVES
Called up share capital 15 15
Retained earnings (33,359 ) 2,361
(33,344 ) 2,376

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Black Isle Capital Partners Limited (Registered number: 13886290)

Balance Sheet - continued
29 February 2024


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 director and authorised for issue on 22 October 2024 and were signed by:





S K Holt - Director


Black Isle Capital Partners Limited (Registered number: 13886290)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Black Isle Capital Partners 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.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these accounts are rounded to the nearest £.

The financial statements have been prepared on the going concern basis which assumes the company will continue to trade for the foreseeable future. Despite liabilities exceeding assets at the balance sheet date, the Director is confident that the company can continue trading for the foreseeable future and will be able to continue trading for at least 12 months from the balance sheet date. Should the company be unable to continue trading, adjustments would have to be made to reduce the balance sheet values of assets to their recoverable amounts, and to reclassify fixed assets and long term liabilities as current assets and liabilities.

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

Turnover for the provision of professional services is recognised in the period that the services are rendered.

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 cost

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction
price including transaction costs and are subsequently carried at amortised cost using the effective interest
method unless the arrangement constitutes a financing transaction, where the transaction is measured at the
present value of the future receipts discounted at a market rate of interest. Financial assets classified as
receivable within one year are not amortised.

Basic financial liabilities, which include creditors and loans, are initially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of
future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year
are not amortised.

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 Isle Capital Partners Limited (Registered number: 13886290)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

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.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held with banks.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 3,758
DEPRECIATION
At 1 March 2023 1,160
Charge for year 1,160
At 29 February 2024 2,320
NET BOOK VALUE
At 29 February 2024 1,438
At 28 February 2023 2,598

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 4,500 10,500
Other debtors 4,460 11,353
8,960 21,853

Black Isle Capital Partners Limited (Registered number: 13886290)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 2,512 -
Taxation and social security - 1,550
Other creditors 52,238 28,507
54,750 30,057

7. RELATED PARTY DISCLOSURES

Included in creditors is £48,989 due from the company to director Stephen Holt. Interest has been charged at 2.25% on the outstanding amounts. There is no fixed repayment date.