Black Gold Developments (UK) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05431850

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Black Gold Developments (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTORS:

Julian Leigh Jones

BlackGold Investments (Jersey) Limited

L Muddiman

SECRETARY:

L Muddiman

REGISTERED OFFICE:

Westons Point Boatyard

Turks Lane

Whitecliff

Poole

Dorset

BH14 8EW

REGISTERED NUMBER:

05431850

ACCOUNTANTS:

Accounts on Time Ltd

Smartbase

Aviation Park West, Target Road,

East Parley

Christchurch

Dorset

BH23 6NW

FIXED ASSETS

Tangible assets

4

423,474

204,168

Investments

5

530

Investment property

6

2,975,054

3,399,058

3,179,752

CURRENT ASSETS

Stocks

10,381,424

10,091,520

Debtors

7

115,191

71,266

Cash in hand

106,760

258,378

10,603,375

10,421,164

CREDITORS

Amounts falling due within one year

8

254,759

272,084

NET CURRENT ASSETS

10,348,616

10,149,080

TOTAL ASSETS LESS CURRENT
LIABILITIES

13,747,674

13,328,832

CREDITORS

Amounts falling due after more than
one year

9

(13,748,034

)

(13,065,535

)

PROVISIONS FOR LIABILITIES

(258

)

(258

)

NET (LIABILITIES)/ASSETS

(618

)

263,039

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

(619

)

263,038

SHAREHOLDERS' FUNDS

(618

)

263,039

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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:

Julian Leigh Jones - Director

1.	STATUTORY INFORMATION

Black Gold Developments (UK) 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.

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 10% 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.

Stock and work in progress

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

592,341

Additions

261,050

At 31 December 2024

853,391

DEPRECIATION

At 1 January 2024

388,173

Charge for year

41,744

At 31 December 2024

429,917

NET BOOK VALUE

At 31 December 2024

423,474

At 31 December 2023

204,168

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

530

NET BOOK VALUE

At 31 December 2024

530

At 31 December 2023

530

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

2,975,054

NET BOOK VALUE

At 31 December 2024

2,975,054

At 31 December 2023

2,975,054

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

139,042

30,837

Other debtors

(23,851

)

40,429

115,191

71,266

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

229,905

110,117

Taxation and social security

10,551

5,908

Other creditors

14,303

156,059

254,759

272,084

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.12.24

31.12.23

£

Other creditors

13,748,034

13,065,535

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Accounts on Time Ltd

Smartbase

Aviation Park West, Target Road,

East Parley

Christchurch

Dorset

BH23 6NW

Date: .............................................