Year Ended
Registration number:
Blackdown Buildings Limited
Contents
Statement of Directors' Responsibilities |
|
Balance Sheet |
|
Notes to the Financial Statements |
Blackdown Buildings Limited
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
• |
select suitable accounting policies and apply them consistently; |
• |
make judgements and accounting estimates that are reasonable and prudent; |
• |
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Blackdown Buildings Limited
Balance Sheet
31 August 2024
Note |
2024 |
2023 |
|
Fixed assets |
|||
Tangible assets |
- |
|
|
Current assets |
|||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current assets |
|
|
|
Total assets less current liabilities |
|
|
|
Deferred income |
( |
( |
|
Provisions for liabilities |
- |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Profit and loss account |
|
|
|
Total equity |
|
|
These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
......................................... |
Company Registration Number: 08017394
Blackdown Buildings Limited
Notes to the Financial Statements
Year Ended 31 August 2024
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
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 Section 1A, and the Companies Act 2006. There are no material departures from FRS 102.
Basis of preparation
These financial statements have been prepared using the historical cost convention.
Going concern
Revenue recognition
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of timber buildings to customers. For most projects, revenue is recognised once a building has been completed on site. For larger projects, revenue is recognised in instalments with reference to stage of completion.
Deferred income
Deferred income represents deposits taken in advance for projects where the revenue has not been recognised at the year end.
Tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Blackdown Buildings Limited
Notes to the Financial Statements
Year Ended 31 August 2024
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Other property, plant and equipment |
20% straight-line |
Motor vehicles |
20% straight-line |
Defined contribution pension obligation
The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.
Blackdown Buildings Limited
Notes to the Financial Statements
Year Ended 31 August 2024
Financial instruments
Classification
• Short term trade and other debtors and creditors,
• Short term intercompany debtors and creditors, and
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
Basic financial assets comprise short term trade and other debtors, intercompany debtors and cash and bank balances. Basic financial liabilities comprise short term trade and other creditors and intercompany creditors.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Blackdown Buildings Limited
Notes to the Financial Statements
Year Ended 31 August 2024
Tangible assets |
Motor vehicles |
Plant and machinery |
Total |
|
Cost or valuation |
|||
At 1 September 2023 |
|
|
|
At 31 August 2024 |
|
|
|
Depreciation |
|||
At 1 September 2023 |
|
|
|
Charge for the year |
|
|
|
At 31 August 2024 |
|
|
|
Carrying amount |
|||
At 31 August 2024 |
- |
- |
- |
At 31 August 2023 |
|
|
|
Debtors |
2024 |
2023 |
|
Trade debtors |
|
|
Amounts due from group undertakings |
|
|
Other debtors |
|
|
Prepayments |
|
|
|
|
Creditors |
2024 |
2023 |
|
Due within one year |
||
Trade creditors |
|
|
Social security and other taxes |
|
|
Accrued expenses |
|
|
Payments on account |
21,027 |
43,096 |
|
|
Blackdown Buildings Limited
Notes to the Financial Statements
Year Ended 31 August 2024
Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
|||
No. |
£ |
No. |
£ |
|
Ordinary shares of £1 each |
100 |
100 |
100 |
100 |
Financial commitments, guarantees and contingencies |
Amounts not provided for in the balance sheet
The total amount of guarantees not included in the balance sheet is £2,300,000 (2023 - £2,300,000). The company has guaranteed bank loan finance taken out by its parent company, Brookridge Timber Limited.
Related party transactions |
Summary of transactions with other related parties
Audit report |
Parent undertaking |
The company's immediate parent is
The ultimate controlling party is