REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
BLACKMEAD FORESTRY III LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
BLACKMEAD FORESTRY III LIMITED |
BLACKMEAD FORESTRY III LIMITED (REGISTERED NUMBER: 07985672) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
BLACKMEAD FORESTRY III LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2024 |
Directors: |
Registered office: |
Registered number: |
BLACKMEAD FORESTRY III LIMITED (REGISTERED NUMBER: 07985672) |
BALANCE SHEET |
31 MARCH 2024 |
31.3.24 | 31.3.23 |
Notes | £ | £ |
Fixed assets |
Tangible assets | 4 |
Investments held at fair value |
through profit or loss | 5 |
Current assets |
Debtors | 6 |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities | ( |
) | ( |
) |
Capital and reserves |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
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. |
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 |
BLACKMEAD FORESTRY III LIMITED (REGISTERED NUMBER: 07985672) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
1. | Statutory information |
Blackmead Forestry III Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
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 |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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. |
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. |
Interest receivable and other income |
Other income such as interest receivable on loan notes is included on an accruals basis. |
Investments held at fair value through profit or loss |
Investments held by the Company have been valued in accordance with the International Private Equity and Venture Capital (IPEVC) valuation guidelines (December 2018) developed by the British Venture Capital Association and other organisations. Through these guidelines, investments are valued as defined at 'fair value'. |
3. | Employees and directors |
The average number of employees during the year was NIL (2023 - NIL). |
BLACKMEAD FORESTRY III LIMITED (REGISTERED NUMBER: 07985672) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
4. | Tangible fixed assets |
Land and |
buildings |
£ |
Cost or valuation |
At 1 April 2023 |
Additions |
Revaluations | ( |
) |
At 31 March 2024 |
Depreciation |
At 1 April 2023 |
Charge for year |
At 31 March 2024 |
Net book value |
At 31 March 2024 |
At 31 March 2023 |
Cost or valuation at 31 March 2024 is represented by: |
Land and |
buildings |
£ |
Valuation in 2023 | 2,462 |
Valuation in 2024 | (1,719,682 | ) |
Cost | 23,894,143 |
22,176,923 |
5. | Investments held at fair value |
through profit or loss |
31.3.24 | 31.3.23 |
£ | £ |
Shares in group undertakings |
Loans to group undertakings |
BLACKMEAD FORESTRY III LIMITED (REGISTERED NUMBER: 07985672) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
5. | Investments held at fair value through profit or loss - continued |
Additional information is as follows: |
Shares in |
group |
undertakings |
£ |
Cost or valuation |
At 1 April 2023 |
Revaluations |
At 31 March 2024 |
Net book value |
At 31 March 2024 |
At 31 March 2023 |
Cost or valuation at 31 March 2024 is represented by: |
Shares in |
group | Other |
undertakings | investments | Totals |
£ | £ | £ |
Valuation in 2018 | - | - | (494,519 | ) |
Valuation in 2019 | - | - | (145,428 | ) |
Valuation in 2020 | - | - | (45,859 | ) |
Valuation in 2021 | - | - | (20,974 | ) |
Valuation in 2022 | - | - | 706,780 |
Valuation in 2024 | 451,059 | - | 451,059 |
Cost | 5,503,195 | - | 5,503,195 |
5,954,254 | - | 5,954,254 |
Loans to |
group |
undertakings |
£ |
At 1 April 2023 |
and 31 March 2024 |
6. | Debtors: amounts falling due within one year |
31.3.24 | 31.3.23 |
£ | £ |
Trade debtors |
Other debtors |
BLACKMEAD FORESTRY III LIMITED (REGISTERED NUMBER: 07985672) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
7. | Creditors: amounts falling due within one year |
31.3.24 | 31.3.23 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
8. | Ultimate controlling party |
In the opinion of the directors, the immediate parent company is Blackmead Infrastructure Limited, with the ultimate controlling party being Averon Park Limited. |