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REGISTERED NUMBER: 08570658 (England and Wales)















BLACK PROPERTY INVESTMENTS LIMITED

Unaudited Financial Statements for the Year Ended 29 February 2024






BLACK PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 08570658)






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 PROPERTY INVESTMENTS LIMITED

Company Information
for the Year Ended 29 February 2024







DIRECTORS: J W Ackrill
Mrs C M Ackrill





REGISTERED OFFICE: 2nd Floor
The Exchange
17-19 Newhall Street
Birmingham
West Midlands
B3 3PJ





REGISTERED NUMBER: 08570658 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

BLACK PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 08570658)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 227,000
Investments 5 100 100
Investment property 6 307,000 -
307,100 227,100

CURRENT ASSETS
Debtors 7 24,522 36,126
Cash at bank 26,049 4,432
50,571 40,558
CREDITORS
Amounts falling due within one year 8 102,034 12,802
NET CURRENT (LIABILITIES)/ASSETS (51,463 ) 27,756
TOTAL ASSETS LESS CURRENT
LIABILITIES

255,637

254,856

CREDITORS
Amounts falling due after more than one
year

9

147,858

148,183
NET ASSETS 107,779 106,673

CAPITAL AND RESERVES
Called up share capital 15,000 15,000
Retained earnings 92,779 91,673
107,779 106,673

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 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.

BLACK PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 08570658)

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 Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:





J W Ackrill - Director


BLACK PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 08570658)

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

1. STATUTORY INFORMATION

Black Property Investments 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 Property Investments 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

BLACK PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 08570658)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 March 2023 227,000
Reclassification/transfer (227,000 )
At 29 February 2024 -
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 227,000

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 29 February 2024 100
NET BOOK VALUE
At 29 February 2024 100
At 28 February 2023 100

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 80,000
Reclassification/transfer 227,000
At 29 February 2024 307,000
NET BOOK VALUE
At 29 February 2024 307,000

BLACK PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 08570658)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,003 5,715
Amounts owed by group undertakings 8,519 -
Amounts owed by associates - 325
Other debtors 15,000 30,086
24,522 36,126

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,160 6,160
Trade creditors 916 480
Amounts owed to group undertakings 82,030 2,000
Taxation and social security 2,650 2,912
Other creditors 10,278 1,250
102,034 12,802

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 147,858 148,183

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 123,218 123,543

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
S R Bland
Balance outstanding at start of year 6,510 -
Amounts advanced - 6,510
Amounts repaid (6,510 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 6,510

BLACK PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 08570658)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

J W Ackrill
Balance outstanding at start of year 8,576 -
Amounts advanced - 8,576
Amounts repaid (18,509 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (9,933 ) 8,576

11. RELATED PARTY DISCLOSURES

At the year end the company owed £57,000 to Secure Homes Limited. 2023 - (£2,000)

At the year end the company owed £30 to Virtu Property Limited. 2023 - (£nil)

At the year end the company was owed £8,519 from Centrick Group Limited. 2023 - (£nil)

At the year end the company owed £25,000 to Centrick Limited. 2023 - (£nil)

These companies has common directors.