Black Knight Books Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08917073

Black Knight Books Limited

Filleted Unaudited Accounts

28 February 2025

Black Knight Books Limited

Statement of Financial Position

28 February 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		2,713	4,168

Current assets

Debtors	6	20,037	20,681
Cash at bank and in hand		101,973	149,936
		---------	---------
		122,010	170,617

Creditors: amounts falling due within one year	7	( 21,840)		( 22,186)
		---------		---------
Net current assets			100,170	148,431
			---------	---------
Total assets less current liabilities			102,883	152,599
			---------	---------
Net assets			102,883	152,599
			---------	---------

Capital and reserves

Called up share capital	8	100	100
Profit and loss account	9	102,783	152,499
		---------	---------
Shareholder funds		102,883	152,599
		---------	---------

These accounts 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 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts .

Black Knight Books Limited

Statement of Financial Position (continued)

28 February 2025

These accounts were approved by the board of directors and authorised for issue on 8 October 2025 , and are signed on behalf of the board by:

R Knight

Director

Company registration number: 08917073

Black Knight Books Limited

Notes to the Accounts

Year ended 28 February 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Orange Street, Haymarket, London, WC2H 7DQ.

2. Statement of compliance

These accounts 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 accounts 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 accounts are prepared in sterling, which is the functional currency of the entity.

Going concern

In the opinion of the directors the company has the resources to be able continue operating for the foreseeable future and as such the company is considered a going concern.

Revenue recognition

Turnover represents amounts invoiced in respect of advances and royalties, net of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	4 years straight line
Motor vehicles	-	5 years reducing balance
Office equipment	-	3 years straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tangible assets

	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 March 2024 and 28 February 2025	16,268	23,582	6,207	46,057
	--------	--------	-------	--------
Depreciation
At 1 March 2024	16,105	20,434	5,350	41,889
Charge for the year	163	787	505	1,455
	--------	--------	-------	--------
At 28 February 2025	16,268	21,221	5,855	43,344
	--------	--------	-------	--------
Carrying amount
At 28 February 2025	–	2,361	352	2,713
	--------	--------	-------	--------
At 29 February 2024	163	3,148	857	4,168
	--------	--------	-------	--------

6. Debtors

	2025	2024
	£	£
Other debtors	20,037	20,681
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	1,089	252
Social security and other taxes	922	1,893
Other creditors	19,829	20,041
	--------	--------
	21,840	22,186
	--------	--------

8. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

9. Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses.

10. Directors' advances, credits and guarantees

Throughout the year the directors continued to provide the company with an interest free advance. The amount repayable at the balance sheet date was £15,329 (2024: £13,737). The advance is considered repayable on demand.

11. Related party transactions

The company was under the control of the director R Knight throughout the year by virtue of her shareholding in the company. There were no related party transactions in the year to be reported under the disclosure requirements of FRS 102 Section 1A.