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REGISTERED NUMBER: 12237509 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

BLACK PORTFOLIO LIMITED

BLACK PORTFOLIO LIMITED (REGISTERED NUMBER: 12237509)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BLACK PORTFOLIO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Ms S Black





SECRETARY: Ms S Black





REGISTERED OFFICE: 152 Upper Grosvenor Road
Tunbridge Wells
Kent
TN1 2ED





REGISTERED NUMBER: 12237509 (England and Wales)





ACCOUNTANTS: Peter Jarman LLP
trading as
Peter Jarman & Company
1 Harbour House
Harbour Way
Shoreham by Sea
West Sussex
BN43 5HZ

BLACK PORTFOLIO LIMITED (REGISTERED NUMBER: 12237509)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,125 1,500
Investment property 5 177,905 177,905
179,030 179,405

CURRENT ASSETS
Debtors 6 1,819 814
Cash at bank 1,142 2,802
2,961 3,616
CREDITORS
Amounts falling due within one year 7 (57,906 ) (58,496 )
NET CURRENT LIABILITIES (54,945 ) (54,880 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,085

124,525

CREDITORS
Amounts falling due after more than one
year

8

(128,495

)

(128,495

)

PROVISIONS FOR LIABILITIES 10 (214 ) (285 )
NET LIABILITIES (4,624 ) (4,255 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (4,625 ) (4,256 )
SHAREHOLDERS' FUNDS (4,624 ) (4,255 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 PORTFOLIO LIMITED (REGISTERED NUMBER: 12237509)

BALANCE SHEET - continued
31 OCTOBER 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 December 2024 and were signed by:





Ms S Black - Director


BLACK PORTFOLIO LIMITED (REGISTERED NUMBER: 12237509)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Black Portfolio 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable on investment properties for the accounting period.

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

Fixtures and fittings - 25% on reducing balance

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 Statement of Comprehensive Income, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

BLACK PORTFOLIO LIMITED (REGISTERED NUMBER: 12237509)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 2,000
DEPRECIATION
At 1 November 2022 500
Charge for year 375
At 31 October 2023 875
NET BOOK VALUE
At 31 October 2023 1,125
At 31 October 2022 1,500

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 177,905
NET BOOK VALUE
At 31 October 2023 177,905
At 31 October 2022 177,905

Fair value at 31 October 2023 is represented by:
£   
Cost 177,905

The property was purchased in January 2022 and has not been revalued at the year end of October 2023. The director does not believe the market value would have changed in this period.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,819 814

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 57,906 58,496

BLACK PORTFOLIO LIMITED (REGISTERED NUMBER: 12237509)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 128,495 128,495

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 128,495 128,495

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 128,495 128,495

The mortgage is secured by a fixed and floating charge over the assets in the company including the investment property.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 214 285

Deferred
tax
£   
Balance at 1 November 2022 285
Capital allowances in advance
of depreciation (71 )
Balance at 31 October 2023 214

11. RELATED PARTY DISCLOSURES

At the beginning of the period there was an amount of £855 owed to CBT in Partnership Ltd, a company that Sonya Black is also a director of. At the end of the period there was an amount of £660 owed to CBT in Partnership Ltd.