ACCOUNTS - Final Accounts preparation

Registered number: 15585056

BLACK MOUNTAIN EMPLOYEE BENEFITS LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

BLACK MOUNTAIN EMPLOYEE BENEFITS LTD

REGISTERED NUMBER: 15585056

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024
Note		£


Current assets
Debtors: amounts falling due within one year	4	3,885
Cash at bank and in hand	5	25,000
		28,885
Creditors: amounts falling due within one year	6	(141,509)
Net current liabilities			(112,624)
Creditors: amounts falling due after more than one year	7		(3,455)

Net liabilities			(116,079)

Capital and reserves
Called up share capital			100
Profit and loss account			(116,179)
			(116,079)

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 period 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 statement of comprehensive income 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 by:

N A Campbell

Director

Date: 12 September 2025

The notes on pages 2 to 3 form part of these financial statements.

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BLACK MOUNTAIN EMPLOYEE BENEFITS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

1.	General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Worting House Church Lane, Worting, Basingstoke, Hampshire, RG23 8PX.
The company was incorporated on 22 March 2024.

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 following principal accounting policies have been applied:

2.2

Going concern

The directors believe that preparing the financial statements on the going concern basis is appropriate due to the continued financial support of the Company’s parent undertaking, Black Mountain Services (UK) Limited.

2.3

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.

2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.5

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 period was 3.

Debtors

					2024
					£


	Prepayments and accrued income	3,885

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BLACK MOUNTAIN EMPLOYEE BENEFITS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

5.	Cash and cash equivalents
		2024
		£

	Cash at bank and in hand	25,000

6.	Creditors: amounts falling due within one year
		2024
		£

	Amounts owed to group undertakings	134,080
	Other taxation and social security	5,479
	Accruals and deferred income	1,950
		141,509

7.	Creditors: amounts falling due after more than one year
		2024
		£

	Amounts owed to group undertakings	3,455

8.	Related party transactions
	The Company is exempt from disclosing related party transactions with other 100% owned members of the group headed by Charnwood Management Limited by virtue of FRS 102 section 33.1A. Balances due from and to members of the Group are disclosed in note 6 and 7.

9.	Controlling party

The company is controlled by Black Mountain Services (UK) Limited by virtue of its majority shareholding. The ultimate controlling party is Charnwood Management Limited, a company incorporated in Hong Kong.

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