Black Point Partnership Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08822831

Black Point Partnership Limited

Filleted Unaudited Financial Statements

31 December 2024

Black Point Partnership Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Current assets

Debtors	5	4,417,788		2,490,663
Investments	6	3,174,618		3,174,618
Cash at bank and in hand		891		3,373
		------------		------------
		7,593,297		5,668,654
		------------		------------
Net current assets			7,593,297	5,668,654
			------------	------------
Total assets less current liabilities			7,593,297	5,668,654

Creditors: amounts falling due after more than one year	7	9,197,457	6,560,946
		------------	------------
Net liabilities		( 1,604,160)	( 892,292)
		------------	------------

Capital and reserves

Called up share capital	200	200
Profit and loss account	( 1,604,360)	( 892,492)
	------------	---------
Shareholders deficit	( 1,604,160)	( 892,292)
	------------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 31 July 2025 , and are signed on behalf of the board by:

MR A Karim Ridha
Director

Company registration number: 08822831

Black Point Partnership Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Jubilee House, Townsend Lane, London, NW8 9TZ, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Financial instruments

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2023: 1 ).

5. Debtors

	2024	2023
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	4,243,438	2,316,313
Other debtors	174,350	174,350
	------------	------------
	4,417,788	2,490,663
	------------	------------

6. Investments

	2024	2023
	£	£
Investment in Alps Properties	140,000	140,000
Investment in Racine	750,000	750,000
Investment in Oil Block	2,284,618	2,284,618
	------------	------------
	3,174,618	3,174,618
	------------	------------

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

	2024	2023
	£	£
Bank loans and overdrafts	–	4,972,500
Other creditors	9,197,457	1,588,446
	------------	------------
	9,197,457	6,560,946
	------------	------------

8. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2024	2023	2024	2023
	£	£	£	£
Damask Catering Limited	–	1,117,511	–	1,117,511
Racine Limited	–	1,198,802	–	1,198,802
	----	------------	----	------------

As at year ended 31 December 2024, Block Point Partnership Limited was owed by:

	2024	2023
	£	£
Damask Catering Ltd	3,044,636	1,117,511
Racine Limited	11,198,802	11,198,802