1 October 2023 false No description of principal activity Taxfiler 2024.6 13645562business:PrivateLimitedCompanyLtd2023-10-012024-09-30 136455622023-09-30 136455622023-10-012024-09-30 13645562business:AuditExemptWithAccountantsReport2023-10-012024-09-30 13645562business:FilletedAccounts2023-10-012024-09-30 136455622024-09-30 136455622023-09-30 13645562core:WithinOneYear2024-09-30 13645562core:WithinOneYear2023-09-30 13645562core:AfterOneYear2024-09-30 13645562core:AfterOneYear2023-09-30 13645562core:ShareCapitalcore:PreviouslyStatedAmount2024-09-30 13645562core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 13645562core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-09-30 13645562core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 13645562core:PreviouslyStatedAmount2024-09-30 13645562core:PreviouslyStatedAmount2023-09-30 13645562business:SmallEntities2023-10-012024-09-30 13645562business:Director12023-10-012024-09-30 13645562countries:EnglandWales2023-10-012024-09-30 13645562business:RegisteredOffice2023-10-012024-09-30 13645562core:PlantMachinery2023-10-012024-09-30 13645562core:PlantMachinery2023-09-30 13645562core:PlantMachinery2024-09-30 136455622022-10-012023-09-30 iso4217:GBP xbrli:pure
Company Registration No. 13645562 (England and Wales)
Black Tap Properties Limited Unaudited accounts for the year ended 30 September 2024
Black Tap Properties Limited Unaudited accounts Contents
Page
- 2 -
Black Tap Properties Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
349 
411 
Investment property
275,000 
290,000 
275,349 
290,411 
Current assets
Debtors
7,000 
- 
Cash at bank and in hand
16,912 
13,580 
23,912 
13,580 
Creditors: amounts falling due within one year
(12,266)
(11,711)
Net current assets
11,646 
1,869 
Total assets less current liabilities
286,995 
292,280 
Creditors: amounts falling due after more than one year
(291,996)
(291,996)
Net (liabilities)/assets
(5,001)
284 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(5,003)
282 
Shareholders' funds
(5,001)
284 
For the year ending 30 September 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by
Matthew Jung Director Company Registration No. 13645562
- 3 -
Black Tap Properties Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Black Tap Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 13645562. The registered office is 128 City Road, London, EC1V 2NX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents amounts receivable in respect of rent.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Straight Line
- 4 -
Black Tap Properties Limited Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 October 2023
484 
At 30 September 2024
484 
Depreciation
At 1 October 2023
73 
Charge for the year
62 
At 30 September 2024
135 
Net book value
At 30 September 2024
349 
At 30 September 2023
411 
5
Investment property
2024 
£ 
Fair value at 1 October 2023
290,000 
Net loss from fair value adjustments
(15,000)
At 30 September 2024
275,000 
The fair value of the investment properties have been arrived at on the basis of a valuation carried out by the directors. The valuations were made on an open market basis by reference to market evidence of transaction prices for similar properties.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
7,000 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
12,266 
11,711 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
96,996 
96,996 
Other creditors
195,000 
195,000 
291,996 
291,996 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 5 -