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Registration number: 11007786

Black Pearl Properties Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 October 2024

 

Black Pearl Properties Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 5

 

Black Pearl Properties Limited

Company Information

Directors

J Vekaria

D Vekaria

Registered office

11 Harvest Road
Bushey
WD23 3SU

 

Black Pearl Properties Limited

(Registration number: 11007786)
Abridged Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

275,286

266,666

Current assets

 

Cash at bank and in hand

 

5,532

2,799

Prepayments and accrued income

 

129

116

Creditors: Amounts falling due within one year

(101,411)

(93,289)

Net current liabilities

 

(95,750)

(90,374)

Total assets less current liabilities

 

179,536

176,292

Creditors: Amounts falling due after more than one year

(175,540)

(175,540)

Accruals and deferred income

 

(600)

(600)

Net assets

 

3,396

152

Capital and reserves

 

Called up share capital

4

10

10

Revaluation reserve

30,347

21,632

Retained earnings

(26,961)

(21,490)

Shareholders' funds

 

3,396

152

For the financial year ending 31 October 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 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 17 July 2025 and signed on its behalf by:
 

 

Black Pearl Properties Limited

(Registration number: 11007786)
Abridged Balance Sheet as at 31 October 2024

.........................................
D Vekaria
Director

   
     
 

Black Pearl Properties Limited

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

1

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 abridged 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 abridged 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services 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.

Tangible assets

Tangible assets are stated in the balance sheet 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

Plant and machinery

25% reducing balance

Furniture and fittings

25% reducing balance

2

Staff numbers

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

 

Black Pearl Properties Limited

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

3

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 November 2023

266,285

1,651

99

268,035

Revaluations

8,715

-

-

8,715

At 31 October 2024

275,000

1,651

99

276,750

Depreciation

At 1 November 2023

-

1,287

82

1,369

Charge for the year

-

91

4

95

At 31 October 2024

-

1,378

86

1,464

Carrying amount

At 31 October 2024

275,000

273

13

275,286

At 31 October 2023

266,285

364

17

266,666

Included within the net book value of land and buildings above is £275,000 (2023 - £266,285) in respect of freehold land and buildings.
 

4

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share of £1 each

10

10

10

10