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REGISTERED NUMBER: 02670577 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Blackthorn Holdings Limited

Blackthorn Holdings Limited (Registered number: 02670577)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Blackthorn Holdings Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: S I Macphie





SECRETARY: Mrs J Macphie





REGISTERED OFFICE: c/o Trio Accountancy Services
The Limes
Bayshill Road
Cheltenham
Gloucestershire
GL50 3AW





REGISTERED NUMBER: 02670577 (England and Wales)





ACCOUNTANTS: Trio Accountancy Services Ltd
The Limes
Bayshill Road
Cheltenham
Gloucestershire
GL50 3AW

Blackthorn Holdings Limited (Registered number: 02670577)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 35,623 46,159
Investments 5 4,378,785 4,008,139
Investment property 6 1,680,374 1,680,374
6,094,782 5,734,672

CURRENT ASSETS
Stocks 1,150 1,150
Debtors 7 (5,697 ) (3,096 )
Cash at bank 92,891 246,386
88,344 244,440
CREDITORS
Amounts falling due within one year 8 40,543 24,085
NET CURRENT ASSETS 47,801 220,355
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,142,583

5,955,027

PROVISIONS FOR LIABILITIES 55,380 55,380
NET ASSETS 6,087,203 5,899,647

CAPITAL AND RESERVES
Called up share capital 32,090 32,090
Revaluation reserve 9 768,377 768,377
Retained earnings 5,286,736 5,099,180
6,087,203 5,899,647

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Blackthorn Holdings Limited (Registered number: 02670577)

Balance Sheet - continued
31 October 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 director and authorised for issue on 2 June 2025 and were signed by:





S I Macphie - Director


Blackthorn Holdings Limited (Registered number: 02670577)

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

1. STATUTORY INFORMATION

Blackthorn Holdings 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Blackthorn Holdings Limited (Registered number: 02670577)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 30,729 67,893 1,318 99,940
Additions 1,082 - 256 1,338
At 31 October 2024 31,811 67,893 1,574 101,278
DEPRECIATION
At 1 November 2023 30,677 22,598 506 53,781
Charge for year 283 11,324 267 11,874
At 31 October 2024 30,960 33,922 773 65,655
NET BOOK VALUE
At 31 October 2024 851 33,971 801 35,623
At 31 October 2023 52 45,295 812 46,159

5. FIXED ASSET INVESTMENTS
Shares in
group Listed Unlisted
undertakings investments investments Totals
£    £    £    £   
COST
At 1 November 2023 1,000 4,001,330 5,809 4,008,139
Additions - 1,667,555 - 1,667,555
Disposals - (1,296,909 ) - (1,296,909 )
At 31 October 2024 1,000 4,371,976 5,809 4,378,785
NET BOOK VALUE
At 31 October 2024 1,000 4,371,976 5,809 4,378,785
At 31 October 2023 1,000 4,001,330 5,809 4,008,139

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 1,680,374
NET BOOK VALUE
At 31 October 2024 1,680,374
At 31 October 2023 1,680,374

Blackthorn Holdings Limited (Registered number: 02670577)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors (7,758 ) (6,962 )
Prepayments 2,061 3,866
(5,697 ) (3,096 )

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 1,789 354
Tax 567 -
VAT 6,630 1,318
Other creditors 7,000 7,000
Directors' current accounts 6,603 6,902
Accrued expenses 17,954 8,511
40,543 24,085

9. RESERVES
Revaluation
reserve
£   
At 1 November 2023
and 31 October 2024 768,377