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Registration number: 10362610

Blackbrook Hall Ltd

Annual Report and Unaudited Financial Statements

for the Period from 1 October 2023 to 31 December 2024

 

Blackbrook Hall Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Blackbrook Hall Ltd

Company Information

Directors

Mr Mustaq Bhailok

Mr Mehboob Bhailok

Registered office

Blackbrook Hall
Daub Hall Lane
Hoghton
Preston
Lancashire
PR5 0JS

 

Blackbrook Hall Ltd

(Registration number: 10362610)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

4,139,007

200,000

Current assets

 

Debtors

5

148,000

148,291

Cash at bank and in hand

 

1,513,920

3,645,174

 

1,661,920

3,793,465

Creditors: Amounts falling due within one year

6

(2,089,386)

(4,381,712)

Net current liabilities

 

(427,466)

(588,247)

Total assets less current liabilities

 

3,711,541

(388,247)

Creditors: Amounts falling due after more than one year

6

(4,186,667)

-

Net liabilities

 

(475,126)

(388,247)

Capital and reserves

 

Called up share capital

2

2

Retained earnings

(475,128)

(388,249)

Shareholders' deficit

 

(475,126)

(388,247)

For the financial period ending 31 December 2024 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 period 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 and 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 17 June 2025 and signed on its behalf by:
 

.........................................
Mr Mustaq Bhailok
Director

   
     
 

Blackbrook Hall Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 December 2024

1

General information

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

The address of its registered office is:
Blackbrook Hall
Daub Hall Lane
Hoghton
Preston
Lancashire
PR5 0JS

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.

Going concern

The financial statements have been prepared on a going concern basis as the directors have confirmed they will continue to support the company to meet financial obligations for the foreseeable future as they fall due.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable from the rental of property in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises 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.

 

Blackbrook Hall Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 December 2024

Investment property

Investment property is measured at cost on initial purchase. Subsequently, investment property is measured at fair value at the reporting date with any changes recognised in profit or loss.

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.

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.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2023 - 2).

 

Blackbrook Hall Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 December 2024

4

Investment properties

2024
£

At 1 October 2023

200,000

Additions

3,939,007

At 31 December 2024

4,139,007

5

Debtors

2024
£

2023
£

Amounts due from related undertakings

148,000

148,291

 

148,000

148,291

 

Blackbrook Hall Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

1,125

675

Taxation and social security

 

7,795

639

Accruals and deferred income

 

762

882

Amounts due to related undertakings

 

2,079,704

4,379,516

 

2,089,386

4,381,712

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

4,186,667

-

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

4,186,667

-

2024
£

2023
£

Current loans and borrowings

Director's loan account

1,125

675

Other borrowings are secured by a floating charge over the company's investment properties and accrue interest at £23,333 per month. Other loans are repayable on 15th May 2029.