ACCOUNTS - Final Accounts preparation

Registered number: 10860054

BLACK DEER LIVE LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED

31 JULY 2025

01483 755 399

hamlyns.com

BLACK DEER LIVE LIMITED

REGISTERED NUMBER: 10860054

BALANCE SHEET

AS AT 31 JULY 2025

		2025		2024
		£		£

Fixed assets
Tangible assets	4		3,118		1,827
			3,118		1,827
Current assets
Debtors: amounts falling due within one year	5	-		258,017
Cash at bank and in hand		50,030		234,814
		50,030		492,831
Creditors: amounts falling due within one year	6	(4,116,280)		(4,163,589)
Net current liabilities			(4,066,250)		(3,670,758)
Total assets less current liabilities			(4,063,132)		(3,668,931)

Accruals and deferred income			-		-
Net assets excluding pension asset			(4,063,132)		(3,668,931)
Net liabilities			(4,063,132)		(3,668,931)

Capital and reserves
Called up share capital	10,026	10,026
Share premium account	4,989,223	4,989,223
Profit and loss account	(9,062,381)	(8,668,180)
	(4,063,132)	(3,668,931)

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BLACK DEER LIVE LIMITED

REGISTERED NUMBER: 10860054

BALANCE SHEET (CONTINUED)

AS AT 31 JULY 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 September 2025.

___________________________

Paul Michael Jackson

Director

The notes on pages 3 to 7 form part of these financial statements.

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BLACK DEER LIVE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

1.	General information

Black Deer Live Limited is a private company, limited by shares, registered in England and Wales. The company's registered office number is 10860054 and registered office is Sundial House, High Street, Horsell, Woking, Surrey, GU21 4SU.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on a going concern basis. Continuing to trade depends upon the support of the company's shareholders.

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BLACK DEER LIVE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

2.Accounting policies (continued)

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

Revenue also represents net invoices of goods and services, excluding value added tax. Revenue is recognised at the date the events are held. Income and deposits received for events held after the year end are included as deferred income.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

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BLACK DEER LIVE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

2.Accounting policies (continued)

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Plant and machinery	-	20%	on cost
				Office equipment	-	20%	on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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BLACK DEER LIVE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

2.Accounting policies (continued)

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 6 (2024 - 6).

4.	Tangible fixed assets

	Plant and machinery	Office equipment	Total
	£	£	£
Cost or valuation
At 1 August 2024	400	2,003	2,403
Additions	-	2,187	2,187
At 31 July 2025	400	4,190	4,590
Depreciation
At 1 August 2024	400	176	576
Charge for the year on owned assets	-	896	896
At 31 July 2025	400	1,072	1,472
Net book value
At 31 July 2025	-	3,118	3,118
At 31 July 2024	-	1,827	1,827

Debtors

					2025	2024
					£	£


Trade debtors	-	71,660
Other debtors	-	186,357
	-	258,017

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BLACK DEER LIVE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Other loans	4,093,514	3,979,514
Trade creditors	16,978	172,189
Other taxation and social security	691	3,259
Accruals and deferred income	5,097	8,627
	4,116,280	4,163,589

7.	Debentures and loans

Black Sea Entertainment LLC holds a floating charge over all property and undertakings of the company, in addition to a fixed charge and a negative pledge.
Black Sea Entertainment LLC takes precedent over other subordinated creditors.

8.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

10,026 (2024 - 10,026) 1 shares of £1.00 each	10,026	10,026

9.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,321 (2024 - £2,642).
Contributions totalling £NIL (2024 - £NIL) were payable to the fund at the balance sheet date and are included in creditors.

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