Blackbird Services Limited 00393212 false 2024-02-05 2025-02-04 2025-02-04 The principal activity of the company is holding various investments Digita Accounts Production Advanced 6.30.9574.0 true 00393212 2024-02-05 2025-02-04 00393212 2025-02-04 00393212 bus:OrdinaryShareClass1 2025-02-04 00393212 bus:OrdinaryShareClass2 2025-02-04 00393212 bus:OrdinaryShareClass3 2025-02-04 00393212 bus:OrdinaryShareClass4 2025-02-04 00393212 bus:OrdinaryShareClass5 2025-02-04 00393212 core:OtherMiscellaneousReserve 2025-02-04 00393212 core:OtherReservesSubtotal 2025-02-04 00393212 core:RetainedEarningsAccumulatedLosses 2025-02-04 00393212 core:ShareCapital 2025-02-04 00393212 core:CurrentFinancialInstruments 2025-02-04 00393212 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-04 00393212 bus:SmallEntities 2024-02-05 2025-02-04 00393212 bus:AuditExemptWithAccountantsReport 2024-02-05 2025-02-04 00393212 bus:FullAccounts 2024-02-05 2025-02-04 00393212 bus:SmallCompaniesRegimeForAccounts 2024-02-05 2025-02-04 00393212 bus:RegisteredOffice 2024-02-05 2025-02-04 00393212 bus:Director2 2024-02-05 2025-02-04 00393212 bus:Director3 2024-02-05 2025-02-04 00393212 bus:OrdinaryShareClass1 2024-02-05 2025-02-04 00393212 bus:OrdinaryShareClass2 2024-02-05 2025-02-04 00393212 bus:OrdinaryShareClass3 2024-02-05 2025-02-04 00393212 bus:OrdinaryShareClass4 2024-02-05 2025-02-04 00393212 bus:OrdinaryShareClass5 2024-02-05 2025-02-04 00393212 bus:PrivateLimitedCompanyLtd 2024-02-05 2025-02-04 00393212 core:OtherMiscellaneousReserve 2024-02-05 2025-02-04 00393212 core:RetainedEarningsAccumulatedLosses 2024-02-05 2025-02-04 00393212 core:ShareCapital 2024-02-05 2025-02-04 00393212 countries:England 2024-02-05 2025-02-04 00393212 2024-02-04 00393212 core:OtherMiscellaneousReserve 2024-02-04 00393212 core:RetainedEarningsAccumulatedLosses 2024-02-04 00393212 core:ShareCapital 2024-02-04 00393212 2023-02-05 2024-02-04 00393212 2024-02-04 00393212 bus:OrdinaryShareClass1 2024-02-04 00393212 bus:OrdinaryShareClass2 2024-02-04 00393212 bus:OrdinaryShareClass3 2024-02-04 00393212 bus:OrdinaryShareClass4 2024-02-04 00393212 bus:OrdinaryShareClass5 2024-02-04 00393212 core:OtherReservesSubtotal 2024-02-04 00393212 core:RetainedEarningsAccumulatedLosses 2024-02-04 00393212 core:ShareCapital 2024-02-04 00393212 core:CurrentFinancialInstruments 2024-02-04 00393212 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-04 00393212 core:OtherMiscellaneousReserve 2023-02-05 2024-02-04 00393212 core:RetainedEarningsAccumulatedLosses 2023-02-05 2024-02-04 00393212 core:ShareCapital 2023-02-05 2024-02-04 00393212 2023-02-04 00393212 core:OtherMiscellaneousReserve 2023-02-04 00393212 core:RetainedEarningsAccumulatedLosses 2023-02-04 00393212 core:ShareCapital 2023-02-04 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 00393212

Blackbird Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 4 February 2025

(filleted for filing purposes)

 

Contents

Company Information

1

Balance Sheet

2 to 3

Statement of Changes in Equity

4

Notes to the Unaudited Financial Statements

5 to 8

 

Company Information

Directors

L F Smith

ZS Lapping

Registered office

49 Chancellors Park
Hassocks
West Sussex
BN6 8EY

 

(Registration number: 00393212)
Balance Sheet as at 4 February 2025

Note

2025
£

2024
£

Fixed assets

 

Investment property

4

213,000

338,000

Current assets

 

Debtors

5

420

-

Cash at bank and in hand

 

359,125

349,080

 

359,545

349,080

Creditors: Amounts falling due within one year

6

(266,714)

(256,426)

Net current assets

 

92,831

92,654

Total assets less current liabilities

 

305,831

430,654

Provisions for liabilities

(2,463)

(26,213)

Net assets

 

303,368

404,441

Capital and reserves

 

Called up share capital

7

1,004

1,004

Other reserves

115,871

217,121

Retained earnings

186,493

186,316

Shareholders' funds

 

303,368

404,441

 

(Registration number: 00393212)
Balance Sheet as at 4 February 2025

For the financial year ending 4 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 May 2025 and signed on its behalf by:
 

.........................................
L F Smith
Director

 

Statement of Changes in Equity for the Year Ended 4 February 2025

Share capital
£

Non-distributable reserve
£

Retained earnings
£

Total
£

At 5 February 2024

1,004

217,121

186,316

404,441

Loss for the year

-

-

(86,073)

(86,073)

Dividends

-

-

(15,000)

(15,000)

Transfers

-

(101,250)

101,250

-

At 4 February 2025

1,004

115,871

186,493

303,368

Share capital
£

Non-distributable reserve
£

Retained earnings
£

Total
£

At 5 February 2023

1,004

217,121

187,582

405,707

Profit for the year

-

-

13,734

13,734

Dividends

-

-

(15,000)

(15,000)

At 4 February 2024

1,004

217,121

186,316

404,441

 

Notes to the Unaudited Financial Statements for the Year Ended 4 February 2025

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
49 Chancellors Park
Hassocks
West Sussex
BN6 8EY
England

These financial statements were authorised for issue by the Board on 6 May 2025.

2

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 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises current and deferred 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 income 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

Notes to the Unaudited Financial Statements for the Year Ended 4 February 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 3).

 

Notes to the Unaudited Financial Statements for the Year Ended 4 February 2025

4

Investment properties

2025
£

At 5 February

338,000

Fair value adjustments

(125,000)

At 4 February

213,000

The investment properties were valued on 11 July 2024 by Chartered Surveyors and Estate Agents Sibley Pares to give a fair value. The basis of this valuation was the open market. The investment properties have a current value of £213,000 (2024 £338,000) and a carrying amount at historical cost of £94,666 (2024 £94,666).

5

Debtors

Current

2025
£

2024
£

Trade debtors

420

-

 

420

-

6

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Bank loans and overdrafts

8

261,991

-

Other related parties

172

251,691

Other creditors

 

4,551

4,735

 

266,714

256,426

7

Share capital

Allotted, called up and fully paid shares

 

2025

2024

 

No.

£

No.

£

Ordinary of £1 each

1,000

1,000

1,000

1,000

Ordinary A of £1 each

1

1

1

1

Ordinary B of £1 each

1

1

1

1

Ordinary C of £1 each

1

1

1

1

Ordinary D of £1 each

1

1

1

1

 

1,004

1,004

1,004

1,004

 

Notes to the Unaudited Financial Statements for the Year Ended 4 February 2025

8

Loans and borrowings

2025
£

2024
£

Current loans and borrowings

Other borrowings

261,991

-