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REGISTERED NUMBER: 08321338 (England and Wales)















STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

BLACKTHORNS 61 LIMITED

PREVIOUSLY KNOWN AS
GMS REALISATIONS TWO LIMITED

BLACKTHORNS 61 LIMITED (REGISTERED NUMBER: 08321338)
PREVIOUSLY KNOWN AS GMS REALISATIONS TWO LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Strategic Report 2

Report of the Director 3

Report of the Independent Auditors 5

Statement of Income and Retained Earnings 8

Balance Sheet 9

Notes to the Financial Statements 10


BLACKTHORNS 61 LIMITED
PREVIOUSLY KNOWN AS GMS REALISATIONS TWO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: N J Male





REGISTERED OFFICE: Admiral House
Waterfront East
Brierley Hill
West Midlands
DY5 1XG





REGISTERED NUMBER: 08321338 (England and Wales)





AUDITORS: Blackthorns
Chartered Accountants
and Registered Auditors
Admiral House
Waterfront East
Brierley Hill
West Midlands
DY5 1XG

BLACKTHORNS 61 LIMITED (REGISTERED NUMBER: 08321338)
PREVIOUSLY KNOWN AS GMS REALISATIONS TWO LIMITED

STRATEGIC REPORT
FOR THE YEAR ENDED 31 AUGUST 2024


The director presents his strategic report for the year ended 31 August 2024.

REVIEW OF BUSINESS
The company has not traded during the year.

The subsidiary company, GMS Security Services Limited, continued to provide, on a national basis, security services encompassing licensed activities such as manned guarding, mobile patrols, key holding and security reviews.

GMS Security Services Limited made a profit after taxation of £224,755 for the year (2023 - loss £16,171).

PRINCIPAL RISKS AND UNCERTAINTIES
The key principal risk and uncertainty is that facing the subsidiary company, being a rising cost base which is driven by factors outside their control. This predominantly relates to employment law legislation and the company's policy to provide competitive employment contracts to its workforce.

Pending legislation under business licensing within the security sector is still an unknown and pending the impact of Brexit. The director does not believe there to be any other significant risks.

FINANCIAL KEY PERFORMANCE INDICATORS
As this company does not trade there are no key indicators, other than those impacting its subsidiary company, being:

- Turnover, Gross Profit, ACS Audit Scoring etc.
- Operations: Client satisfaction, customer complaints etc.
- Officer: Annual appraisal, 360 feedback etc.
- Environment: ISO14001 management

ON BEHALF OF THE BOARD:





N J Male - Director


23 May 2025

BLACKTHORNS 61 LIMITED (REGISTERED NUMBER: 08321338)
PREVIOUSLY KNOWN AS GMS REALISATIONS TWO LIMITED

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 AUGUST 2024


The director presents his report with the financial statements of the company for the year ended 31 August 2024.

CHANGE OF NAME
The company passed a special resolution on 29 October 2024 changing its name from GMS Realisations Two Limited to Blackthorns 61 Limited.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of an investment holding company.

DIVIDENDS
Dividends voted during the year totalled £172,214 (2023 - £132,930).

DIRECTOR
N J Male held office during the whole of the period from 1 September 2023 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless he is 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 director is required to:

-select suitable accounting policies and then 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 director is 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 him to ensure that the financial statements comply with the Companies Act 2006. He is 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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

BLACKTHORNS 61 LIMITED (REGISTERED NUMBER: 08321338)
PREVIOUSLY KNOWN AS GMS REALISATIONS TWO LIMITED

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 AUGUST 2024


AUDITORS
The auditors, Blackthorns, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





N J Male - Director


23 May 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BLACKTHORNS 61 LIMITED
PREVIOUSLY KNOWN AS GMS REALISATIONS TWO LIMITED


Opinion
We have audited the financial statements of Blackthorns 61 Limited (the 'company') for the year ended 31 August 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 August 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BLACKTHORNS 61 LIMITED
PREVIOUSLY KNOWN AS GMS REALISATIONS TWO LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the company and industry we did not identify any risks of non compliance with laws and regulations that would impact on the company's ability to trade or have a material impact on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements, such as the Companies Act 2006 and UK tax legislation. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risk was regarding the value of the investment in subsidiaries. Audit procedures performed included:


-
discussions with management, including consideration of known or suspected instances of non-compliance with
laws and regulations and fraud;
- reviewing correspondence for any issues of non-compliance;
- review of the going concern position of subsidiary companies

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BLACKTHORNS 61 LIMITED
PREVIOUSLY KNOWN AS GMS REALISATIONS TWO LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Victoria Brassington BA FCA (Senior Statutory Auditor)
for and on behalf of Blackthorns
Chartered Accountants
and Registered Auditors
Admiral House
Waterfront East
Brierley Hill
West Midlands
DY5 1XG

27 May 2025

BLACKTHORNS 61 LIMITED (REGISTERED NUMBER: 08321338)
PREVIOUSLY KNOWN AS GMS REALISATIONS TWO LIMITED

STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 AUGUST 2024

31.8.24 31.8.23
Notes £    £   

TURNOVER - -
OPERATING PROFIT - -

Income from shares in group undertakings 172,214 132,930
PROFIT BEFORE TAXATION 172,214 132,930

Tax on profit 4 - -
PROFIT FOR THE FINANCIAL YEAR 172,214 132,930


Dividends 5 (172,214 ) (132,930 )



BLACKTHORNS 61 LIMITED (REGISTERED NUMBER: 08321338)
PREVIOUSLY KNOWN AS GMS REALISATIONS TWO LIMITED

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Investments 6 707,850 707,850

CREDITORS
Amounts falling due within one year 7 239,844 239,844
NET CURRENT LIABILITIES (239,844 ) (239,844 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

468,006

468,006

CAPITAL AND RESERVES
Called up share capital 8 69 69
Other reserves 9 467,937 467,937
SHAREHOLDERS' FUNDS 468,006 468,006

The financial statements were approved by the director and authorised for issue on 23 May 2025 and were signed by:





N J Male - Director


BLACKTHORNS 61 LIMITED (REGISTERED NUMBER: 08321338)
PREVIOUSLY KNOWN AS GMS REALISATIONS TWO LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Blackthorns 61 Limited is a private company, limited by shares, registered in England and Wales, registered number 08321338. Its registered office is Admiral House, Waterfront East, Brierley Hill, West Midlands, DY5 1XG.

The financial statements are presented in Sterling, which is the functional currency of the company.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows.

Preparation of consolidated financial statements
The financial statements contain information about Blackthorns 61 Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

BLACKTHORNS 61 LIMITED (REGISTERED NUMBER: 08321338)
PREVIOUSLY KNOWN AS GMS REALISATIONS TWO LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


3. EMPLOYEES AND DIRECTORS

There were no staff costs for the year ended 31 August 2024 nor for the year ended 31 August 2023.

The average number of employees during the year was as follows:
31.8.24 31.8.23

Directors 1 1

31.8.24 31.8.23
£    £   
Director's remuneration - -

4. TAXATION

Analysis of the tax charge
No liability to UK corporation tax arose for the year ended 31 August 2024 nor for the year ended 31 August 2023.

5. DIVIDENDS
31.8.24 31.8.23
£    £   
Ordinary shares of £1 each
Final 172,214 132,930

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2023
and 31 August 2024 707,850
NET BOOK VALUE
At 31 August 2024 707,850
At 31 August 2023 707,850

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Amounts owed to group undertakings 239,844 239,844

BLACKTHORNS 61 LIMITED (REGISTERED NUMBER: 08321338)
PREVIOUSLY KNOWN AS GMS REALISATIONS TWO LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
69 Ordinary £1 69 69

9. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1 September 2023 - 467,937 467,937
Profit for the year 172,214 - 172,214
Dividends (172,214 ) - (172,214 )
At 31 August 2024 - 467,937 467,937

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE CONTROLLING PARTY

Until 28 October 2024, N Male and E Newman-Male were considered to be the ultimate controlling parties by virtue of their joint controlling interest in GMS Group of Companies Limited. The largest and smallest group in which the consolidated results of the company are available is headed by GMS Group of Companies Limited. Consolidated accounts are available from Companies House, Cardiff, CF14 3UZ.

From 28 October 2024, N Male is considered to be the ultimate controlling party due to his control of GMS Realisation Group Limited, the new ultimate parent company of the group.