REGISTERED NUMBER: 02746645

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

BLACK COUNTRY DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Bindra

Mrs B K Bindra

REGISTERED OFFICE:

Harpal House

14 Holyhead Road

Handsworth

Birmingham

West Midlands

B21 0LT

REGISTERED NUMBER:

02746645

AUDITORS:

Thapers Limited

Chartered Accountants

Harpal House

14 Holyhead Road

Handsworth

Birmingham

West Midlands

B21 0LT

FIXED ASSETS

Tangible assets

4

120,072

85,688

Investment property

5

2,894,814

2,919,814

3,014,886

3,005,502

CURRENT ASSETS

Debtors

6

348,724

397,037

Cash at bank and in hand

27,724

30,388

376,448

427,425

CREDITORS

Amounts falling due within one year

7

529,190

520,228

NET CURRENT LIABILITIES

(152,742

)

(92,803

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,862,144

2,912,699

CREDITORS

Amounts falling due after more than one year

8

(1,783,686

)

(1,820,781

)

PROVISIONS FOR LIABILITIES

10

(1,772

)

(1,873

)

NET ASSETS

1,076,686

1,090,045

CAPITAL AND RESERVES

Called up share capital

11

999

999

Retained earnings

12

1,075,687

1,089,046

SHAREHOLDERS' FUNDS

1,076,686

1,090,045

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

S Bindra - Director

1.	STATUTORY INFORMATION

Black Country Developments Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 October 2023

73,167

34,848

-

1,168

109,183

Additions

-

-

53,275

-

53,275

At 30 September 2024

73,167

34,848

53,275

1,168

162,458

DEPRECIATION

At 1 October 2023

-

22,903

-

592

23,495

Charge for year

-

1,195

17,581

115

18,891

At 30 September 2024

-

24,098

17,581

707

42,386

NET BOOK VALUE

At 30 September 2024

73,167

10,750

35,694

461

120,072

At 30 September 2023

73,167

11,945

-

576

85,688

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2023

2,919,814

Disposals

(25,000

)

At 30 September 2024

2,894,814

NET BOOK VALUE

At 30 September 2024

2,894,814

At 30 September 2023

2,919,814

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/24

30/9/23

£

£

Trade debtors

23,075

50,125

Other debtors

310,013

337,569

Prepayments

15,636

9,343

348,724

397,037

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/24

30/9/23

£

£

Bank loans and overdrafts (see note 9)

216,596

210,737

Trade creditors

98,999

104,320

Tax

90,286

79,668

Deferred Income

56,021

56,021

Company Credit Card

16,944

18,584

Dilapidation Reserve

28,240

28,240

Accrued expenses

22,104

22,658

529,190

520,228

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/9/24

30/9/23

£

£

Bank loans (see note 9)

1,736,042

1,820,781

Hire purchase contracts

47,644

-

1,783,686

1,820,781

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

603,432

688,171

Other Loan

150,000

150,000

753,432

838,171

9.

LOANS

An analysis of the maturity of loans is given below:

30/9/24

30/9/23

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

9,274

3,415

Bank loans

207,322

207,322

216,596

210,737

Amounts falling due between one and two years:

Bank loans - 1-2 years

393,044

393,044

Amounts falling due between two and five years:

Bank loans - 2-5 years

589,566

589,566

Amounts falling due in more than five years:

30/9/24

30/9/23

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

603,432

688,171

Other Loan

150,000

150,000

753,432

838,171

10.	PROVISIONS FOR LIABILITIES

30/9/24

30/9/23

£

£

Deferred tax

Accelerated capital allowances

1,772

1,873

Deferred

tax

£

Balance at 1 October 2023

1,873

Provided during year

(101

)

Balance at 30 September 2024

1,772

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/9/24

30/9/23

value:

£

£

999

Ordinary

£1

999

999

12.

RESERVES

Retained

earnings

£

At 1 October 2023

1,089,046

Profit for the year

69,156

Dividends

(82,515

)

At 30 September 2024

1,075,687

13.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andeep Kumar Mangal (Senior Statutory Auditor)

for and on behalf of Thapers Limited

14.	RELATED PARTY DISCLOSURES

During the year Black Country Developments Limited entered into transactions with companies/ entities in which Mr S Bindra has beneficial interest. The transactions for and amounts outstanding at the year end 30th September 2022 were :

30/09/2024

30/09/2023

£

£

Other Debtors

Due from Related companies

329,881

337,569