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Registration number: 03295279

Black Crow Estates Limited
 

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 31 March 2025

 

Black Crow Estates Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 5

 

Black Crow Estates Limited

(Registration number: 03295279)
Statement of Financial Position as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

2

3

Investment property

5

270,000

270,000

 

270,002

270,003

Current assets

 

Debtors

6

3,967

5,330

Cash at bank and in hand

 

4,841

3,788

 

8,808

9,118

Creditors: Amounts falling due within one year

7

(55,682)

(70,065)

Net current liabilities

 

(46,874)

(60,947)

Net assets

 

223,128

209,056

Capital and reserves

 

Called up share capital

3,324

3,324

Profit and loss account

219,804

205,732

Shareholders' funds

 

223,128

209,056

For the financial year ending 31 March 2025 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 year 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 in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been 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 Income Statement.

Approved and authorised by the Board on 9 July 2025 and signed on its behalf by:
 

.........................................

Mr N B Reeve
Director

 

Black Crow Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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: 8 Borelli Yard, The Borough, Farnham, Surrey, GU9 7NU.

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

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 current 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

25% reducing balance

 

Black Crow Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

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 and loans to related parties.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

 

Black Crow Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 April 2024

708

708

At 31 March 2025

708

708

Depreciation

At 1 April 2024

705

705

Charge for the year

1

1

At 31 March 2025

706

706

Carrying amount

At 31 March 2025

2

2

At 31 March 2024

3

3

5

Investment property

2025
£

At 1 April 2024

270,000

At 31 March 2025

270,000

The investment property was valued on an open market basis on 25 March 2024 by Vospers, commercial property consultants.

6

Debtors

2025
£

2024
£

Trade debtors

2,100

3,225

Other debtors

1,867

1,515

Prepayments

-

590

3,967

5,330

 

Black Crow Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Trade creditors

-

400

Taxation and social security

6,355

6,523

Accruals and deferred income

4,645

6,360

Other creditors

44,682

56,782

55,682

70,065

8

Related party transactions

At the year end the company owed its directors Mr G B Reeve, Mr N B Reeve and Mr C D Lock £17,582 (2024 - £23,332), £14,738 (2024 - £17,913), and £12,362 (2024 - £15,537) respectively.