Balaclava Projects Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 09794069

		2024		2023
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	148,900		148,900
Debtors	5	5,179,308		5,189,102
Cash at bank and in hand		2,524		2,313

		5,330,732		5,340,315
Creditors: Amounts Falling Due Within One Year	6	(5,151,210 )		(5,135,497 )

NET CURRENT ASSETS (LIABILITIES)			179,522		204,818

TOTAL ASSETS LESS CURRENT LIABILITIES			179,522		204,818

Creditors: Amounts Falling Due After More Than One Year	7		(6,667 )		(16,667 )

NET ASSETS			172,855		188,151

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			172,854		188,150

SHAREHOLDERS' FUNDS			172,855		188,151

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Page 2

Balaclava Projects Limited

Balance Sheet (continued)

As At 28 September 2024

For the year ending 28 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Steven Smith

Director

25th September 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Balaclava Projects Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09794069 . The registered office is The Neighbourhood, 44 Warwick Street, Leamington Spa, Warwickshire, CV32 5JS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Stocks

	2024	2023
	£	£
Work in progress	148,900	148,900

5. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	5,179,308	5,189,102

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Balaclava Projects Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 September 2024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	16,687	53,020
Bank loans and overdrafts	10,000	10,000
Other creditors	5,124,633	5,072,477
Taxation and social security	(110 )	-

	5,151,210	5,135,497

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	6,667	16,667

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

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