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REGISTERED NUMBER: 00691816 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Blackwell Investment Company Limited

Blackwell Investment Company Limited (Registered number: 00691816)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Blackwell Investment Company Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: M B Baker
Mrs B J Baker
Mrs M A Chumas-Baker
Mrs C G Baker-Munro





SECRETARY: Mrs M A Chumas-Baker





REGISTERED OFFICE: Somercourt
Queens Road
Maidstone
Kent
ME16 0HX





REGISTERED NUMBER: 00691816 (England and Wales)





ACCOUNTANTS: Berry & Company
Chartered Accountants
Sterling House
7 Ashford Road
Maidstone
Kent
ME14 5BJ

Blackwell Investment Company Limited (Registered number: 00691816)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,114 1,114
Investment property 5 1,068,556 1,068,556
1,069,670 1,069,670

CURRENT ASSETS
Debtors 6 11,440 11,440
Cash at bank 224,462 228,879
235,902 240,319
CREDITORS
Amounts falling due within one year 7 108,541 114,160
NET CURRENT ASSETS 127,361 126,159
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,197,031

1,195,829

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 298,315 298,315
Retained earnings 898,616 897,414
SHAREHOLDERS' FUNDS 1,197,031 1,195,829

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 March 2025 and were signed on its behalf by:



M B Baker - Director


Blackwell Investment Company Limited (Registered number: 00691816)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Blackwell Investment Company 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 as modified by the revaluation of certain assets.

Income recognition
Operating income represents the fair value of consideration received or receivable derived from rents receivable during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

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 - 15% 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.

Financial instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost with changes 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Blackwell Investment Company Limited (Registered number: 00691816)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 5,363
DEPRECIATION
At 1 July 2023
and 30 June 2024 4,249
NET BOOK VALUE
At 30 June 2024 1,114
At 30 June 2023 1,114

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 1,068,556
NET BOOK VALUE
At 30 June 2024 1,068,556
At 30 June 2023 1,068,556

Fair value at 30 June 2024 is represented by:
£   
Valuation in 1992 210,032
Cost 858,524
1,068,556

If Investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 858,524 858,524

Investment property was valued on an open market basis on 7 May 1992 by the Directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 11,440 11,440

Blackwell Investment Company Limited (Registered number: 00691816)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,545 2,148
Taxation and social security 1,173 891
Other creditors 104,823 111,121
108,541 114,160

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 2,545 2,148

The Bank Loan and Overdraft are secured by a mortgage over the company's freehold property at 36 and 36a Gabriels Hill, Maidstone.

9. RESERVES
Fair
value
reserve
£   
At 1 July 2023
and 30 June 2024 298,315

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the course of the year the Company has received rent amounting to £520 from E. Baker Properties, a business owned by Mrs B. Baker. Rent is charged on a commercial basis.

11. ULTIMATE CONTROLLING PARTY

During the year the company was under the control of the directors by virtue of their holding 100% of the issued share capital.