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REGISTERED NUMBER: 04035401 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Black Rock Express Insurance and
Financial Services Limited

Black Rock Express Insurance and
Financial Services Limited (Registered number: 04035401)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Black Rock Express Insurance and
Financial Services Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: A S Jewett
A Jewett





SECRETARY: A S Jewett





REGISTERED OFFICE: 36 Cambridge Road
Hastings
East Sussex
TN34 1DU





REGISTERED NUMBER: 04035401 (England and Wales)





ACCOUNTANTS: Deeks Evans Audit Services Limited
Chartered Accountants
36 Cambridge Road
Hastings
East Sussex
TN34 1DU

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Black Rock Express Insurance and
Financial Services Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Black Rock Express Insurance and Financial Services Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Black Rock Express Insurance and Financial Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Black Rock Express Insurance and Financial Services Limited and state those matters that we have agreed to state to the Board of Directors of Black Rock Express Insurance and Financial Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Black Rock Express Insurance and Financial Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Black Rock Express Insurance and Financial Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Black Rock Express Insurance and Financial Services Limited. You consider that Black Rock Express Insurance and Financial Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Black Rock Express Insurance and Financial Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Deeks Evans Audit Services Limited
Chartered Accountants
36 Cambridge Road
Hastings
East Sussex
TN34 1DU


2 May 2025

Black Rock Express Insurance and
Financial Services Limited (Registered number: 04035401)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 264,340 269,235
264,340 269,235

CURRENT ASSETS
Debtors 6 21,747 15,199
Cash at bank and in hand 79,708 49,506
101,455 64,705
CREDITORS
Amounts falling due within one year 7 53,131 41,783
NET CURRENT ASSETS 48,324 22,922
TOTAL ASSETS LESS CURRENT
LIABILITIES

312,664

292,157

CREDITORS
Amounts falling due after more than one
year

8

(152,194

)

(170,418

)

PROVISIONS FOR LIABILITIES 11 (1,123 ) (1,373 )
NET ASSETS 159,347 120,366

CAPITAL & RESERVES
Called up share capital 12 200 200
Retained earnings 13 159,147 120,166
SHAREHOLDERS' FUNDS 159,347 120,366

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Black Rock Express Insurance and
Financial Services Limited (Registered number: 04035401)

Balance Sheet - continued
31 December 2024


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 2 May 2025 and were signed on its behalf by:





A Jewett - Director


Black Rock Express Insurance and
Financial Services Limited (Registered number: 04035401)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Black Rock Express Insurance and Financial Services 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.

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.

Turnover
Turnover represents fees and commissions charged.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Over 50 years
Fixtures, fittings & equipment - 15% on reducing balance
Computer equipment - 25% on cost

Freehold premises are included at an open market value for existing use. Movements in freehold valuations are charged to the Profit and Loss Account.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Black Rock Express Insurance and
Financial Services Limited (Registered number: 04035401)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. Creditors include £ nil in respect of contributions payable.

Client funds
Client funds managed by the company as agent, including debtors, creditors and funds held in a designated client account, are not funds of the company and so are excluded from the Balance Sheet. The net balance, if any, owing to the company from client funds, or vice versa, is shown within debtors or creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 101,797
AMORTISATION
At 1 January 2024
and 31 December 2024 101,797
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures,
Freehold fittings Computer
property & equipment equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 January 2024 289,316 14,975 33,988 338,279
Additions - - 899 899
At 31 December 2024 289,316 14,975 34,887 339,178
DEPRECIATION
At 1 January 2024 25,573 11,889 31,582 69,044
Charge for year 3,893 463 1,438 5,794
At 31 December 2024 29,466 12,352 33,020 74,838
NET BOOK VALUE
At 31 December 2024 259,850 2,623 1,867 264,340
At 31 December 2023 263,743 3,086 2,406 269,235

Black Rock Express Insurance and
Financial Services Limited (Registered number: 04035401)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 December 2024 is represented by:

Fixtures,
Freehold fittings Computer
property & equipment equipment Totals
£    £    £    £   
Valuation in 2004 112,977 - - 112,977
Valuation in 2009 (41,424 ) - - (41,424 )
Valuation in 2015 (60,000 ) - - (60,000 )
Cost 277,763 14,975 34,887 327,625
289,316 14,975 34,887 339,178

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

2024 2023
£    £   
Cost 277,763 277,763
Aggregate depreciation 75,605 71,943

Freehold property was valued on open market basis on 13 April 2015 by Daniells Harrison Chartered Surveyors .

The directors believe there has been no significant change in the freehold property valuations.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 929 1,697
Client Funds 17,391 11,774
Sundry debtors - 270
Tax 1,971 -
Prepayments 1,456 1,458
21,747 15,199

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans & overdrafts 17,641 17,105
Tax 25,604 11,257
Social security & other taxes - 642
Other creditors 864 1,193
Accrued expenses 9,022 11,586
53,131 41,783

Black Rock Express Insurance and
Financial Services Limited (Registered number: 04035401)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 18,076 17,621
Bank loans - 2-5 years 24,549 28,204
Bank loans more 5 yr by instal 109,569 124,593
152,194 170,418

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 109,569 124,593

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 1,979 1,979
Between one and five years 6,927 7,917
In more than five years - 990
8,906 10,886

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 155,060 162,622

All monies due or to become due from the company to the chargee on any account whatsoever. Fixed and floating charge on all property or undertaking of the company.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,123 1,373

Deferred
tax
£   
Balance at 1 January 2024 1,373
Provided during year (250 )
Balance at 31 December 2024 1,123

The amount of tax payable, if assets sold at the revalued value shown, is nil.

Black Rock Express Insurance and
Financial Services Limited (Registered number: 04035401)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary £1 200 200

13. RESERVES
Retained
earnings
£   

At 1 January 2024 120,166
Profit for the year 80,520
Dividends (41,539 )
At 31 December 2024 159,147

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company is controlled by the directors.