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COMPANY REGISTRATION NUMBER: 08822831
Black Point Partnership Limited
Filleted Unaudited Financial Statements
31 December 2023
Black Point Partnership Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Current assets
Debtors
5
2,490,663
5,242,222
Investments
6
3,174,618
2,107,474
Cash at bank and in hand
3,373
2,025
------------
------------
5,668,654
7,351,721
Creditors: amounts falling due within one year
7
2,237,140
------------
------------
Net current assets
5,668,654
5,114,581
------------
------------
Total assets less current liabilities
5,668,654
5,114,581
Creditors: amounts falling due after more than one year
8
6,560,946
5,374,845
------------
------------
Net liabilities
( 892,292)
( 260,264)
------------
------------
Capital and reserves
Called up share capital
200
200
Profit and loss account
( 892,492)
( 260,464)
---------
---------
Shareholders deficit
( 892,292)
( 260,264)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Black Point Partnership Limited
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 31 December 2024 , and are signed on behalf of the board by:
MR A Karim Ridha
Director
Company registration number: 08822831
Black Point Partnership Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Jubilee House, Townsend Lane, London, NW8 9TZ, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Financial instruments
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: Nil).
5. Debtors
2023
2022
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
2,316,313
5,021,014
Other debtors
174,350
221,208
------------
------------
2,490,663
5,242,222
------------
------------
6. Investments
2023
2022
£
£
Investment in Alps Properties
140,000
Investment in Racine
750,000
Investment in Oil Block
2,284,618
2,107,474
------------
------------
3,174,618
2,107,474
------------
------------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
2,041,140
The Terrace London Ltd
196,000
----
------------
2,237,140
----
------------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
4,972,500
4,972,500
Other creditors
1,588,446
402,345
------------
------------
6,560,946
5,374,845
------------
------------
9. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
Balance brought forward and outstanding
2023
2022
£
£
MR A Karim Ridha
( 402,345)
----
---------
10. Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value
Balance owed by/(owed to)
2023
2022
2023
2022
£
£
£
£
Damask Catering Limited
1,117,511
231,052
1,117,511
231,051
Racine Limited
1,198,802
4,684,171
1,198,802
4,684,170
------------
------------
------------
------------
Black Point Partnership Ltd , Damask Catering Limited, Boundary Health Food Specialists Limited, The Terrace London Ltd and Lopera of Brompton Ltd are related parties as well by virtue of common directorship and shareholding. Black Point Partnership limtied is the parent company of Alerma Ltd and Black Point Venture limited and holds 100% shareholding of Alerma Ltd. As at the Balance Sheet date, amounts owed to and owed from the related companies are as follows below: Alerma Limited £105,793.36 Dr Damask Catering Limited £545,469.28 Dr Boundary Health Food Specialists Limited £46,858.34 Dr Black Point Venture Limited £39,126.20 Cr The Terrace London Ltd £196,000 Cr In addition to above, following company balance is payable at year end EL&N International Limited £993,535.87 Cr