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REGISTERED NUMBER: 10788158 (England and Wales)



















THE BLACK SWAN IDRIDGEHAY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






THE BLACK SWAN IDRIDGEHAY LIMITED (REGISTERED NUMBER: 10788158)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


THE BLACK SWAN IDRIDGEHAY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: Mr T M Tomlinson





REGISTERED OFFICE: 81 Burton Road
Derby
Derbyshire
DE1 1TJ





REGISTERED NUMBER: 10788158 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

THE BLACK SWAN IDRIDGEHAY LIMITED (REGISTERED NUMBER: 10788158)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 620,000 643,692

CURRENT ASSETS
Stocks - 1,000
Debtors 5 - 1,137
Cash in hand - 1,203
- 3,340
CREDITORS
Amounts falling due within one year 6 527,334 467,115
NET CURRENT LIABILITIES (527,334 ) (463,775 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,666

179,917

CREDITORS
Amounts falling due after more than one
year

7

(216,141

)

(234,932

)

PROVISIONS FOR LIABILITIES (26,028 ) (11,984 )
NET LIABILITIES (149,503 ) (66,999 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 139,878 172,934
Retained earnings (289,481 ) (240,033 )
SHAREHOLDERS' FUNDS (149,503 ) (66,999 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

THE BLACK SWAN IDRIDGEHAY LIMITED (REGISTERED NUMBER: 10788158)

BALANCE SHEET - continued
30 SEPTEMBER 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 June 2025 and were signed by:





Mr T M Tomlinson - Director


THE BLACK SWAN IDRIDGEHAY LIMITED (REGISTERED NUMBER: 10788158)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

The Black Swan Idridgehay 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

The valuation of freehold property is based on the last professional valuation less an impairment review carried out by the directors.

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.

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.

THE BLACK SWAN IDRIDGEHAY LIMITED (REGISTERED NUMBER: 10788158)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 2 ).

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 October 2023 620,000 39,870 17,470 204 677,544
Additions 19,013 - - - 19,013
Impairments (19,013 ) - - - (19,013 )
At 30 September 2024 620,000 39,870 17,470 204 677,544
DEPRECIATION
At 1 October 2023 - 21,911 11,737 204 33,852
Charge for year - 17,959 5,733 - 23,692
At 30 September 2024 - 39,870 17,470 204 57,544
NET BOOK VALUE
At 30 September 2024 620,000 - - - 620,000
At 30 September 2023 620,000 17,959 5,733 - 643,692

Included in cost or valuation of land and buildings is freehold land of £ 65,000 (2023 - £ 65,000 ) which is not depreciated.

Cost or valuation at 30 September 2024 is represented by:

Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
Valuation in 2024 620,000 - - - 620,000
Cost - 39,870 17,470 204 57,544
620,000 39,870 17,470 204 677,544

THE BLACK SWAN IDRIDGEHAY LIMITED (REGISTERED NUMBER: 10788158)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS - continued

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

2024 2023
£    £   
Cost 474,630 474,630
Aggregate depreciation 61,395 50,471

Value of land in freehold land and buildings 65,000 65,000

Freehold property was valued on an open market basis on 30 September 2024 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments and accrued income - 1,137

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 14,815 13,174
Other loans 4,800 4,800
Trade creditors 23,480 45,533
Amounts owed to group undertakings 435,817 -
VAT 45,347 27,581
Other creditors - 373,067
Accruals and deferred income 3,075 2,960
527,334 467,115

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 23,040 23,040
Bank loans >5 yr (instalments) 8,202 14,076
Other loans - 2-5 years 19,200 19,200
Other loans more 5yrs instal 165,699 178,616
216,141 234,932

Amounts falling due in more than five years:

Repayable by instalments
Bank loans >5 yr (instalments) 8,202 14,076
Other loans more 5yrs instal 165,699 178,616
173,901 192,692

THE BLACK SWAN IDRIDGEHAY LIMITED (REGISTERED NUMBER: 10788158)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Revaluation
reserve
£   
At 1 October 2023 172,934
Transfer (33,056 )

At 30 September 2024 139,878

10. RELATED PARTY DISCLOSURES

At the year end the company owed £435,817 (2023: £373,067) to related parties.