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Registered number: 12359952
Black Swan Culgaith Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12359952
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 45,000 45,000
Tangible Assets 5 350,954 353,656
395,954 398,656
CURRENT ASSETS
Stocks 6 5,088 5,868
Cash at bank and in hand 191,646 123,908
196,734 129,776
Creditors: Amounts Falling Due Within One Year 7 (380,921 ) (322,360 )
NET CURRENT ASSETS (LIABILITIES) (184,187 ) (192,584 )
TOTAL ASSETS LESS CURRENT LIABILITIES 211,767 206,072
NET ASSETS 211,767 206,072
CAPITAL AND RESERVES
Called up share capital 8 6 6
Profit and Loss Account 211,761 206,066
SHAREHOLDERS' FUNDS 211,767 206,072
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Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Stephen Harvey
Director
Miss Jacqueline Harvey-Lynch
Director
18/03/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Black Swan Culgaith Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12359952 . The registered office is Black Swan Inn, Culgaith, Penrith, Cumbria, CA10 1QW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0%
Fixtures & Fittings 20%
Computer Equipment 33%
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 18)
11 18
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 45,000
As at 31 December 2024 45,000
Net Book Value
As at 31 December 2024 45,000
As at 1 January 2024 45,000
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5. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 342,573 24,243 742 367,558
Additions - - 375 375
As at 31 December 2024 342,573 24,243 1,117 367,933
Depreciation
As at 1 January 2024 - 13,337 565 13,902
Provided during the period - 2,967 110 3,077
As at 31 December 2024 - 16,304 675 16,979
Net Book Value
As at 31 December 2024 342,573 7,939 442 350,954
As at 1 January 2024 342,573 10,906 177 353,656
6. Stocks
2024 2023
£ £
Stock 5,088 5,868
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (779 ) 3,789
Corporation tax 25,263 25,437
Other taxes and social security 186 683
VAT 7,094 6,433
Net wages 1,697 -
Accruals and deferred income 890 855
Directors' loan accounts 346,570 285,163
380,921 322,360
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 6 6
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